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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, ...
EURUSD records lowest weekly RSI everUSDCAD flirts with a breakoutNZDUSD fills gap from Labor Day 2013 EUR/USD Weekly -In keeping with the 3 year cycle tops (2008, 2011, and 2014), EURUSD has collapsed. Of course, every level that I had suspected would provide support for at least a bounce of several days has failed spectacularly. ...
USD/JPY Technical Strategy: Sidelines PreferredBearish Engulfing Pattern Finds ConfirmationClose Below 108.00 Floor May Open 107.00 USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier. Bearish Engulfing Pattern Receives Confirmation ...
Talking Points: US Dollar Produces First Back-to-Back Losses in Over a MonthS&P 500 Taps 2-Month Low as Sellers Fight to Break SupportGold, Crude Oil Await Direction Cues at Familiar Chart Levels US DOLLAR TECHNICAL ANALYSIS – Prices pulled back as expected after putting in a Shooting Star candlestick. A daily close below the 14.6% Fibonacci retracement at 11005 exposes the 23.6% level at 10956. Alternatively, a reversal above the 11048-60 area marked rising trend ...
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