Talking Points: USD/CHF Technical Strategy: FlatSupport: 0.9554, 0.9391, 0.9259Resistance:0.9654, 0.9723, 0.9817 The US Dollar turned lower against the Swiss Franc as expected having found resistance near the 0.9800 figure. Near-term support is at 0.9554, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 0.9391. Alternatively, a turn above the 14.6% Fib at 0.9654 opens the door for a challenge of wedge ...
Talking Points SPX testing key downside thresholdEUR/USD overcomes key Gann resistanceUSD/JPY cracks important downside pivot Price & Time Analysis: EUR/USD EUR/USD has moved steadily higher since finding support early last week ahead of the 15th square root relationship of the year’s high in the 1.2250 areaA daily close over the 2nd square root ...
US DOLLAR TECHNICAL ANALYSIS – Prices moved lower as expected after prices put in a bearish Evening Star candlestick pattern. A daily close below the 23.6% Fibonacci retracementat 11379 exposes the 38.2% level at 11291. Alternatively, a turn above the 14.6% Fib at 11434 opens the door for a challenge of the December 8 high at 11522. ...
Weekly -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant. -“After following through on the 11/7 reversal and exceeding the 11/4 high, it appeared that EURUSD was going to make an attempt ...
NZD/USD Technical Strategy: FlatSupport: 0.7787, 0.7624, 0.7533Resistance:0.7930, 0.8076, 0.8221 The New Zealand Dollar launched sharply higher against its US namesake following the RBNZ monetary policy announcement. A daily close above the 0.7897-0.7930area marked by the 23.6% Fibonacci retracement and a falling channel top exposes the 38.2% level at 0.8076. Alternatively, a reversal below the 14.6% Fib at 0.7787 opens the door for a test of the channel floor at 0.7624. ...
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