[/LIST] US DOLLAR TECHNICAL ANALYSIS – Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. A daily close below the intersection of the 14.6% Fibonacci retracement and a rising trend line at 11734 exposes the 23.6% level at 11648. Alternatively, a reversal above the 11854-88 area marked by the March 2009 high and the 38.2% level opens the door for a challenge of the 50% Fib at 11983. ...
[/LIST] Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD EUR/USD recovery stalled near the 3rd square root relationship of the year’s low near 1.1415 on TuesdayOur near-term trend bias remains positive on the euro while above 1.1210A push above the 3rd square root relationship of the year’s low at 1.1415 is needed to set off a new leg higher ...
US DOLLAR TECHNICAL ANALYSIS – Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Near-term support is at 11725, the intersection of the 14.6% Fibonacci retracement and a rising trend line, with a break below that on a daily closing basis exposing the 23.6% level at 11640. Alternatively, a move above the 11854-88 area marked by the March 2009 high and the 38.2% level clears the way for a test of the 50% Fib at 11983. ...
US Dollar Forecast– US Dollar Run As Robust - or Fragile - as S&P 500? The Dollar has advanced for four successive weeks and is working on a record-breaking seventh consecutive month of gains. British Pound Forecast – GBP/USD Vulnerable to Slowing U.K. Inflation - BoE Testimony in Focus GBP/USD may struggle to hold above the 1.5000 handle in the week ahead should the fundamental developments coming out of the U.K. economy curb the Bank of England’s (BoE) scope to normalize ...
US DOLLAR TECHNICAL ANALYSIS – Prices flat-lined after hitting a five-year high, with negative RSI divergence warning a downturn may be ahead. Near-term resistance is at 11577, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 11648. Alternatively, a turn below the 11489-522 area marked by the December 8 top and the 23.6% Fib clears the way for a test of the 14.6% expansion at 11434. ...
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