US DOLLAR TECHNICAL ANALYSIS – Prices paused to consolidate after producing the largest daily rally in five weeks. Near-term resistance is at 11511, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 11565. Alternatively, a reversal below the 38.2% Fib at 11457 clears the way for a test of the 23.6% expansion at 11391. ...
US DOLLAR TECHNICAL ANALYSIS – Prices may be gearing up for a turn lower after producing a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11211, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 11143-55 area (October 3 high, 38.2% level). Alternatively, a reversal above the 50% Fib expansion at 11295 clears the way for a test of the 61.8% Fib threshold at 11329. ...
Technical Analysis EURUSD crashes through objectives; LT trendline in playUSDJPY registers 6 year highAUDUSD tests Fibonacci resistance EUR/USD Monthly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 ...
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 171.79, 171.26, 170.61Resistance: 172.64-83, 173.33, 174.01 The British Pound is attempting to overturn the down trend initiated against the Japanese Yen in early July above the 175.00 figure. Near-term resistance is in the 172.64-83 area, marked by the 38.2% Fibonacci expansion and a falling trend line. A break above that on a daily closing basis exposes the 50% level at 173.33. Alternatively, a turn below ...
EURUSD 1.3017 could produce an important low if reachedUSDJPY breaks outAUD relative strength EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” -The break of 1.3476 completed a topping process with targets ...
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