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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 ...
Talking Points: US Dollar Sets 4-Year High, Working on 7th Straight Up DayS&P 500 Edging Downward as Sellers Eye September BottomGold Aims to Extend Down Move After Hitting a 9-Month Low US DOLLAR TECHNICAL ANALYSIS Prices are working on a seventh consecutive advance, extending to a new four-year high. A daily close above the 38.2% Fibonacci expansion at 11130 exposes the 50% level at 11200. Alternatively, a reversal back below the 23.6% Fib at 11043 clears ...
Talking Points: points to ebbing bullish momentum. Near-ter US Dollar Chart Setup Warns of Losses as Upside Momentum EbbsS&P 500 Recoils Higher from Support But Topping Pattern IntactCrude Oil Sinks to 26-Month Low, Gold May Be Readying a Bounce US DOLLAR TECHNICAL ANALYSIS Prices may be on the verge of a correction lower as negative RSI divergence m support is at 10931, marked by a rising trend line set from set from late August, with a break below that on a daily ...
Talking Points EUR/USD turnover failing to confirm recent dropGold nearing key support zoneUSD/JPY touches important long-term trendline USD/JPY USD/JPY reached new multi-year extremes late last week before stalling near a key long-term trendline connecting the 2002 & 2007 peaks around 109.50Our near-term trend bias remains higher in USD/JPY while ...
EURUSD 13 year trendline just below 1.2800 (USDCHF at 30 year trendline!)USDJPY nears 13 year trendlineNZDUSD at midpoint of 2011-2014 range EUR/USD Weekly -Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 (origin ...
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