USD/JPY’s astounding vertical ascent has left a lack of reversal signals in its path, suggesting the potential for further gains. The next definitive peak to offer a potential resistance region rests near 114.60, the December 2007 high. However, traders should also be wary of the recent weekend gap, given the tendency of such spaces to be filled which may prove a temporary setback. A daily close below the 110.00 barrier would be required to negate a bullish bias. Climbs Over Key Hurdles ...
USDJPY range expansion level is 115EURUSD 5th wave underway then big reversal riskUSDCAD outside week provides reference point for breakout EUR/USD 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 ...
Talking Points EUR/USD trades at a new low for the yearUSD/JPY surges past 112.00USD/CHF OBV at new highs, spot is not Daily Volume Chart: EUR/USD EUR/USD broke below the early October low this week to trade at its lowest level since August of 2012Above average volume over the past couple of days indicates the broader downtrend is ...
US DOLLAR TECHNICAL ANALYSIS – Prices appear to be on track to resume its longer-term rising trend after completing a Flag continuation pattern last week. A daily close above the 11102-43 area marked by the 23.6% Fibonacci expansion and the October 3 high exposes the 38.2% level at 11216. The appearance of a Shooting Star candle warns a near-term pullback may be in the cards however. A turn below the 10959-78 zone (rising trend line, 23.6% Fib retracement) clears the way for a test of the 38.2% ...
Talking Points: USD/JPY Technical Strategy: FlatSupport: 107.31, 106.50, 105.18Resistance: 108.63, 110.08, 110.76 The US Dollar moved higher against the Japanese Yen as expected after prices put in a bullish Morning Star candlestick pattern. A daily close above the 38.2% Fibonacci retracement at 108.63 exposes the 109.70-110.08 area marked by the 50% level and the October 1 high. Alternatively, a reversal back below the 23.6% Fib at 107.31 opens the door for a test ...
Archive
Go to Profile
Mark as Read