EUR/USD trades at lowest level in two yearsUSD/JPY testing key Gann resistanceSPX cycles point to weakness in Q1 Price & Time Analysis: EUR/USD EUR/USD fell to its lowest level since August of 2012 on TuesdayOur near-term trend bias is lower in EUR/USD while below 1.2360The 50% retracement of the all-time low and the all-time high around 1.2135 is ...
US DOLLAR TECHNICAL ANALYSIS – Prices arestruggling to breach December’s high, with negative RSI divergence warning a double top may be forming. A daily close below the 14.6% Fibonacci retracementat 11489 exposes the 23.6% level at 11379. Alternatively, a reversal above the December 8 high at 11522opens the door for a challenge of the 38.2% Fib expansion at 11577. ...
US DOLLAR TECHNICAL ANALYSIS – Prices pushed higher for a third consecutive day but negative RSI divergence casts doubt on follow-through. A daily close above the 38.2% Fibonacci expansionat 11577 exposes the 50% level at 11648. Alternatively, a reversal below the 11489-522 area marked by the December 8 top and the 23.6% Fib opens the door for a challenge of the 14.6% expansion at 11434. ...
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 ...
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