Talking Points EUR/USD turnover failing to confirm recent dropGold nearing key support zoneUSD/JPY touches important long-term trendline USD/JPY USD/JPY reached new multi-year extremes late last week before stalling near a key long-term trendline connecting the 2002 & 2007 peaks around 109.50Our near-term trend bias remains higher in USD/JPY while ...
EURUSD 13 year trendline just below 1.2800 (USDCHF at 30 year trendline!)USDJPY nears 13 year trendlineNZDUSD at midpoint of 2011-2014 range EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 (origin ...
Talking Points: USD/CHF Technical Strategy: Long at 0.9068Support:0.9332, 0.9272, 0.9223Resistance: 0.9429, 0.9526, 0.9586 The US Dollar soared to a 12-month high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern. A daily close above the 100% Fibonacci expansion at 0.9429 exposes the 123% level at 0.9526. Alternatively, a reversal back belowthe 76.4% Fib at 0.9272 opens the door for a test of the61.8% expansionat ...
USD/JPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 rangeOur near-term trend bias remains higher in the rate while above 104.70A close over 106.45 is need to set off the next leg higher in the advanceAn important turn window is eyed mid-monthA close below 104.70 would turn us negative on USD/JPY Like ...
Technical Analysis EURUSD crashes through objectives; LT trendline in playUSDJPY registers 6 year highAUDUSD tests Fibonacci resistance EUR/USD Monthly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 ...