EUR/USD trades at lowest level in two yearsUSD/JPY testing key Gann resistanceSPX cycles point to weakness in Q1 Price & Time Analysis: EUR/USD EUR/USD fell to its lowest level since August of 2012 on TuesdayOur near-term trend bias is lower in EUR/USD while below 1.2360The 50% retracement of the all-time low and the all-time high around 1.2135 is ...
US DOLLAR TECHNICAL ANALYSIS – Prices arestruggling to breach December’s high, with negative RSI divergence warning a double top may be forming. A daily close below the 14.6% Fibonacci retracementat 11489 exposes the 23.6% level at 11379. Alternatively, a reversal above the December 8 high at 11522opens the door for a challenge of the 38.2% Fib expansion at 11577. ...
US DOLLAR TECHNICAL ANALYSIS – Prices pushed higher for a third consecutive day but negative RSI divergence casts doubt on follow-through. A daily close above the 38.2% Fibonacci expansionat 11577 exposes the 50% level at 11648. Alternatively, a reversal below the 11489-522 area marked by the December 8 top and the 23.6% Fib opens the door for a challenge of the 14.6% expansion at 11434. ...
US DOLLAR TECHNICAL ANALYSIS – Prices may be preparing for a pullback having put in a bearish Evening Star candlestick pattern below a five-year high. A daily close below the 14.6% Fibonacci retracement at 11434 exposes the 23.6% level at 11379. Alternatively, a turn above the 23.6% Fib expansion at 11528 opens the door for a challenge of the 38.2% threshold at 11616. ...
US DOLLAR TECHNICAL ANALYSIS – Buyers are back on the offensive, with prices pushing to a new five-year high. A daily close above the 23.6% Fibonacci expansion at 11391 exposes the 38.2% level at 11457. Alternatively, a reversal below the 14.6% Fib at 11350 clears the way for a test of the November 27 low at 11284. S&P ...