Talking Points: US Dollar Sets 4-Year High, Working on 7th Straight Up DayS&P 500 Edging Downward as Sellers Eye September BottomGold Aims to Extend Down Move After Hitting a 9-Month Low US DOLLAR TECHNICAL ANALYSIS – Prices are working on a seventh consecutive advance, extending to a new four-year high. A daily close above the 38.2% Fibonacci expansion at 11130 exposes the 50% level at 11200. Alternatively, a reversal back below the 23.6% Fib at 11043 clears ...
USD/JPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 rangeOur near-term trend bias remains higher in the rate while above 104.70A close over 106.45 is need to set off the next leg higher in the advanceAn important turn window is eyed mid-monthA close below 104.70 would turn us negative on USD/JPY Like ...
Talking Points: US Dollar Signals Near-Term Top Forming Below Six-Month HighS&P 500 Chart Positioning Hints a Downturn May Be in the CardsGold Moves to One-Week High, Crude Oil Struggling to Advance US DOLLAR TECHNICAL ANALYSIS – Prices may be carving out a near-term top after forming a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 10618 exposes the 23.6% level at 10591. Alternatively, a reversal above the 14.6% Fib ...
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 GBP/USD breaks key long-term support levelUSD/JPY nearing critical resistance areaGold meanders Price & Time Analysis: USD/JPY USD/JPY continues to edge higher off the 101.50 78.6% retracement of the July rangeOur near-term trend bias is higher in the exchange rate while above 101.50The 61.8% retracement ...