US DOLLAR TECHNICAL ANALYSIS – Prices issued their strongest close in five years, with prices seemingly poised to continue marching higher. A daily close above the 38.2% Fibonacci expansion at 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. ...
[/LIST] USD/JPY has managed to regain some upward momentum after a string of Dojis suggested reluctance from the bears to lead the pair lower. With key reversal patterns lacking the prospect of a pullback is questionable. Amid a core uptrend a break of the nearby 119.00 ceiling may herald a push towards the next definitive resistance level at 119.80. USD/JPY: Awaiting Breakout Amid Absence Of Bearish Signals ...
US DOLLAR TECHNICAL ANALYSIS – Prices stumbled after spiking to a new five-year high, finishing the day with a modest loss. Near-term support is at 11350, the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the November 27 low at 11284. Alternatively, a turn above the 23.6% Fib at 11391 opens the door for a challenge of the 38.2% expansion at 11457. ...
Strategy: Short (From 0.8530), Stop: 0.8540 (Daily Close), Target: 0.8330Bullish Morning Star Pattern Taking Shape On The DailyHarami On The H4 Timeframe Offered A Recovery Hint AUD/USD’s small rebound has produced a Dragonfly Doji on the daily which is threatening to evolve into a bullish Morning Star formation. The close of the current candle above 0.8450 and an ensuing up-session would be required to confirm the pattern and open the prospect of further gains. Yet until received ...
Strategy: Flat, Pending Long On Bullish Signal Near 115.90Dojis Indicated Reluctance From The Bulls Near 117.90Intraday Trade Reveals Reluctance From Traders USD/JPY has slipped below the 117.90 support level after a string of Dojis suggested hesitation from traders to lead the pair higher. While key reversal patterns are lacking the next level of buying interest rests at the 115.90 mark - suggesting some scope for a shallow pullback. The emergence of a bullish signal at the barrier ...
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