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NZD/USD Technical Analysis– Prices are testing support at 0.8391, the 61.8% Fibonacci retracement, with a break below that targeting the 50% level at 0.8347. Near-term resistance...
GBP/USD Technical Analysis – Prices are consolidating above support in the 1.5040-91 area marked by the 14.6% Fibonacci expansion and a horizontal pivot level. A break...
EUR/USD Technical Analysis– Prices took out falling trend line resistance set from early February after putting in a bullish Harami candlestick pattern, pointing at gains ahead....
USD/JPY Technical Analysis– Prices are testing resistance at 96.70, the March 12 high. A break above that targets the 123.6% Fibonacci extension. Near-term trend line support...
AUD/USD Technical Strategy: Long at 1.0238, Targeting Above 1.0483 Floating Profit / Loss: +175 pips We entered long AUDUSD at 1.0238. Prices pulled back from resistance...
GBP/USD Technical Strategy: Short at 1.5662 and 1.5155, Targeting Below 1.5040 Net Floating Profit / Loss: +325 pips We entered short GBPUSD at 1.5662 and added...
EUR/USD Technical Strategy: Long at 1.2934, Targeting Above 1.3139 Prices took out falling trend line resistance set from early February after putting in a bullish Harami...
THE TAKEAWAY: The US Dollar is aiming higher after taking out technical resistance while the SP 500 is digesting recent losses above support near the 1550...
Daily Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: The USDOLLAR broke...
Weekly Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? Commodity Analysis: Gold took...