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NZD/USD Technical Analysis– Prices broke downward after putting in a bearish Dark Cloud Cover candlestick pattern. Support is at 0.8387, the 23.6% Fibonacci retracement, with a...
USD/CAD Technical Analysis– Prices launched higher after showing a bullish Piercing Line candlestick pattern, taking out the 23.6% Fibonacci expansion at 1.0207 to expose the 38.2%...
GBP/USD Technical Analysis – Prices are recovering from support at the bottom of a rising channel, eyeing initial resistance at the 38.2% Fibonacci retracement (1.5408). A...
EUR/USD Technical Analysis– Prices put in a Bearish Engulfing candlestick pattern below the 1.32 figure, hinting at further weakness ahead. Initial support is at 1.3026, the...
USD/JPY Technical Analysis– Prices are testing above resistance at 98.60, the 38.2% Fibonacci expansion, to challenge the 50% level at 99.47. A break above that aims...
Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.026 1.0235 in extension. Alternative scenario: Above 1.035 look for further upside with 1.0395 1.0445...
Pivot: 0.8475 Our preference: Short positions below 0.8475 with targets @ 0.837 0.8335 in extension. Alternative scenario: Above 0.8475 look for further upside with 0.851 0.856...
Pivot: 1.302 Our preference: Long positions above 1.302 with targets @ 1.3115 1.3165 in extension. Alternative scenario: Below 1.302 look for further downside with 1.2985 1.295...
Pivot: 1.023 Our preference: Long positions above 1.023 with targets @ 1.029 1.0315 in extension. Alternative scenario: Below 1.023 look for further downside with 1.02 1.0185...
Pivot: 0.9275 Our preference: Long positions above 0.9275 with targets @ 0.934 0.9365 in extension. Alternative scenario: Below 0.9275 look for further downside with 0.924 0.9205...