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 ...
Talking Points: US Dollar Advances Most in 16 Months, Hits Four-Year HighS&P 500 Attempting to Break Out of Two-Week Down TrendGold Aims to Extend Decline After Sliding to a 10-Month Low US DOLLAR TECHNICAL ANALYSIS – Prices issued the largest daily gain in 16 months, rising to the strongest level since June 2010. Near-term resistance is at 11176, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% threshold at 11232. Alternatively, ...
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