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. ...
US DOLLAR TECHNICAL ANALYSIS – Prices turned lower from a five-year high as expected after completing a bearish Evening Star candlestick pattern. Near-term support is at 11379, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 11291. Alternatively, a reversal above the 14.6% Fib at 11434 clears the way for a test December 8 high at 11522 ...
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 – Prices stalled to consolidate gains after establishing yet another five-year high ahead of the much-anticipated US Employment report. A daily close above the 38.2% Fibonacci expansionat 11457 exposes the 50% level at 11511. Alternatively, a reversal below the 23.6% Fib at 11391 clears the way for a test of the 14.6% expansion at 11350. ...
US Dollar Forecast– Dollar May Not Have a Quiet Thanksgiving... From a fundamental perspective, the Dollar’s interest rate backdrop seems to be mired in debate over the timing of the inevitable first hike. Japanese Yen Forecast - Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key The Japanese Yen may rise as markets look past the onset of recession and looming general election risk to focus on the trajectory of sentiment trends. British Pound ...
Recent Comments