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Strategy: Short (From 0.8530), Stop: 0.8540 (Daily Close), Target: 0.8330Bullish Morning Star Pattern Taking Shape On The DailyHarami On The H4 Timeframe Offered A Recovery Hint AUD/USD’s small rebound has produced a Dragonfly Doji on the daily which is threatening to evolve into a bullish Morning Star formation. The close of the current candle above 0.8450 and an ensuing up-session would be required to confirm the pattern and open the prospect of further gains. Yet until received ...
Strategy: Flat, Pending Long On Bullish Signal Near 115.90Dojis Indicated Reluctance From The Bulls Near 117.90Intraday Trade Reveals Reluctance From Traders USD/JPY has slipped below the 117.90 support level after a string of Dojis suggested hesitation from traders to lead the pair higher. While key reversal patterns are lacking the next level of buying interest rests at the 115.90 mark - suggesting some scope for a shallow pullback. The emergence of a bullish signal at the barrier ...
US DOLLAR TECHNICAL ANALYSIS – Prices continue to push higher, advancing to set a new five-year high. A daily close above the 38.2% Fibonacci expansion at 11374 exposes the 50% level at 11422. Alternatively, a reversal below the 23.6% Fib at 11315 clears the way for a test of the 14.6% expansion at 11278. S&P 500 TECHNICAL ...
US DOLLAR TECHNICAL ANALYSIS – Prices edged higher for a fourth consecutive day, with buyers seemingly on pace to set a new year-to-date high. Near-term resistance is at 11374, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 11422. Alternatively, a turn below the 23.6% Fib at 11315 opens the door for a challenge of the 14.6% expansion at 11278. ...
EUR/USD EUR/USD fell sharply lower last week after failing at the 1x2 Gann angle line of the year’s high in the 1.2600 regionOur near-term trend bias is negative in the exchange rate while below 1.2505A Gann level at 1.2350 is the next downside pivot of note in the exchange rateThe next turn window of significance is eyed early next monthA close over 1.2505 ...
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