- Euro matches longest weekly consecutive losing streak since inception - Sentiment, Positioning, and cyclical studies all warn of a potential EURUSD reversal - Watch critical support ahead of highly-anticipated European Central Bank decision The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week? Euro Matches Longest Consecutive Weekly Decline since ...
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 171.79, 171.26, 170.61Resistance: 172.64-83, 173.33, 174.01 The British Pound is attempting to overturn the down trend initiated against the Japanese Yen in early July above the 175.00 figure. Near-term resistance is in the 172.64-83 area, marked by the 38.2% Fibonacci expansion and a falling trend line. A break above that on a daily closing basis exposes the 50% level at 173.33. Alternatively, a turn below ...
Talking Points: US Dollar Signals Near-Term Top Forming Below Six-Month HighS&P 500 Chart Positioning Hints a Downturn May Be in the CardsGold Moves to One-Week High, Crude Oil Struggling to Advance US DOLLAR TECHNICAL ANALYSIS – Prices may be carving out a near-term top after forming a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 10618 exposes the 23.6% level at 10591. Alternatively, a reversal above the 14.6% Fib ...
Talking Points USD/JPY Technical Strategy: Sidelines PreferredDaily Close Below 104.00 Suggests A ‘False Breakout’Parade of Dojis Highlight Indecision Amongst Traders The USD/JPY bulls have seemingly lost their grip on the pair after a Doji signaled hesitation from traders near 104.00. The daily close below the critical barrier warns of further weakness and may set the scene for a retest of the 103.00 floor. Daily Close Confirms ‘False Breakout’ ...
One thing I have talked about several times which cannot be understated is that is the tendency for investors to believe that complex trading ideas and automated trading systems are better than simple, logical ones. At first thought this notion is completely understandable. After all, if an idea is fairly simple, how could it possibly be “a secret” and investors not using it yet? Successful trading and investing is not about how good you look or how impressive you sound in ...
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