Price & Time Analysis: EUR/USD EUR/USD has traded in a sideways to higher range since finding support near 1.2500 at the start of the monthOur near-term trend bias is higher in the euro while over 1.2605The 61.8% retracement of the 2012/2014 advance (polarity) at 1.2785 needs to be overcome to set off a more important correcttive move higherEarly next week is the next minor turn ...
EUR/USD Weekly -“In keeping with the 3 year cycle tops (2008, 2011, and 2014), EURUSD has collapsed. While the long term wave count points below 1.1875 (and to parity), one cannot ignore how extreme the current situation is and how long that extreme has been in place. Since the inception of the EURUSD, the rate had declined for 8 consecutive weeks once ...
USD/JPY is at a critical juncture as the pair probes below the 108.00 floor. Yet hesitation amongst traders at the critical barrier is made evident by a Doji in recent trade. A close under the 108.00 floor would potentially herald a deeper correction to the 107.00 mark The four hour chart reveals a disdain from traders towards several ...
USD/JPY continues to keep traders in suspense near the 108.00 hurdle as a Dark Cloud Cover pattern warns of weakness. A close under the 108.00 floor may herald a deeper correction to the 107.00. However, some skepticism over a continued pullback may be warranted – given recent reversal signals have been met with some disdain by traders. Pullback Produces A Dark Cloud Cover Pattern ...
Talking Points AUD/USD Technical Strategy: Sidelines PreferredPiercing Line Near 0.8660 Awaiting ConfirmationClose Over 0.8815 Ceiling Needed To Suggest A Base AUD/USD’s sharp rebound from the 0.8660 floor has generated a Piercing Line candlestick pattern. Yet with strong selling pressure overhead the potential for the reversal pattern to generate a genuine shift in sentiment may be limited. A daily close over the 0.8815 hurdle would be required to suggest a base ...
Recent Visitors
Archive
Go to Profile
Mark as Read