US DOLLAR TECHNICAL ANALYSIS – Prices may be readying to turn lower after prices put in a Shooting Star candlestick. Near-term support is at 11577, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposingthe 11489-522 area marked by the December 8 top and the 23.6% level. Alternatively, a turn above the 50% Fib at 11577 clears the way for a test of the 61.8% expansion at 11719. ...
Talking Points: US Dollar Produces First Back-to-Back Losses in Over a MonthS&P 500 Taps 2-Month Low as Sellers Fight to Break SupportGold, Crude Oil Await Direction Cues at Familiar Chart Levels US DOLLAR TECHNICAL ANALYSIS – Prices pulled back as expected after putting in a Shooting Star candlestick. A daily close below the 14.6% Fibonacci retracement at 11005 exposes the 23.6% level at 10956. Alternatively, a reversal above the 11048-60 area marked rising trend ...
Talking Points: US Dollar Soars to 6-Month High as Rally Regains MomentumS&P 500 Eyeing Pivotal Resistance Marked by July Swing TopGold Selloff Continues for Third Day, Crude Oil May Rebound US DOLLAR TECHNICAL ANALYSIS – Prices resumed their advance having reversed upward as expected after putting in a Bullish Engulfing candlestick pattern. A daily close above the 38.2% Fibonacci expansion at 10627 exposes the 50% level at 10652. Alternatively, a reversal ...
Talking Points: US Dollar May Drop Before Larger Advance Resumes AnewS&P 500 Continues March Upward, Eyeing July Swing TopCrude Oil Chart Setup Suggests a Rebound May Be Brewing US DOLLAR TECHNICAL ANALYSIS – Prices turned lower as expected, completing a bearish Evening Star candlestick pattern and hinting at further losses ahead. Negative RSI divergence bolsters the case for a downward scenario. A daily close below the 14.6%Fibonacci retracement at 10547 exposes the ...
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