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  1. USD/CHF Technical Analysis: We entered long USDCHF at 0.9452 and subsequently booked profit on half of the position.

    by , 11-22-2014 at 12:16 AM
    • USD/CHF Technical Strategy: Longat 0.9452
    • Support: 0.9541, 0.9441, 0.9359
    • Resistance:0.9658, 0.9741, 0.9815

    The US Dollar declined against the Swiss Franc as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. A daily close below 0.9541-64 area marked by a rising trend line and a falling channel bottom exposes the October 29 low at 0.9441. Alternatively, a reversal above the channel top at 0.9658 clears the way for a test of the November 7 high at 0.9741. ...
  2. US Dollar Surges versus Yen - Focus shifts to FOMC Minutes and Fed policy as correlations to yields surge

    by , 11-21-2014 at 12:27 AM
    The US Dollar continues to surge versus the downtrodden Japanese Yen. What could determine whether the USDJPY breaks even higher?

    Source: FXCM

    Strong Correlations to US Treasury Yields Keep the US FOMC Minutes, Fed Policy in Focus

    ...
    Tags: dollar, usd/jpy, yen Add / Edit Tags
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  3. S&P 500 Rally Stalls But Chart Seems to Leave Room for Upside, Gold Flat-Lining, Crude Oil Trying to Bounce After $80.00 Test

    by , 11-20-2014 at 01:00 PM
    US DOLLAR TECHNICAL ANALYSIS – Prices may be gearing up for a turn lower after prices produced a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11211, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 11143-55 area (October 3 high, 38.2% level). Alternatively, a reversal above the 50% Fib expansion at 11295 clears the way for a test of the 61.8% Fib threshold at 11329.

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  4. Price Patterns & Time: USD Head Fake?

    by , 11-18-2014 at 10:59 PM
    • EUR/USD rallies back above 1.2500
    • Monday’s range extremes critical in the Aussie
    • USD/CAD sentiment close to neutral

    EUR/USD


    • EUR/USD failed yesterday near the 2nd square root relationship of the year’s low at 1.2580
    • Our near-term trend bias is negative in the exchange rate while below 1.2580
    • A close under 1.2440 is now needed to confirm a resumption of the
    ...
  5. S&P 500 Languishing in Consolidation After Setting Record High and Crude Oil May Correct Higher

    by , 11-18-2014 at 10:12 PM
    US DOLLAR TECHNICAL ANALYSIS – Prices may be gearing up for a turn lower after producing a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11211, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 11143-55 area (October 3 high, 38.2% level). Alternatively, a reversal above the 50% Fib expansion at 11295 clears the way for a test of the 61.8% Fib threshold at 11329.

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