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US Dollar Poised to Extend Gains After Break of ResistanceS&P 500 Clears September Top, Sets Another Record HighCrude Oil Digesting Losses, Gold Drops Most in 11 Months US DOLLAR TECHNICAL ANALYSIS – Prices look poised to extend its advance after prices cleared yet another technical barrier. A daily close above the 50% Fibonacci expansion at 11308 exposes the 61.8% level at 11400. Alternatively, a turn below the 38.2% Fib at 11216 opens the door for a challenge of the 11102-43 ...
GBP/USD is poking above the 1.5880 mark in the wake of a Harami pattern. A close above the barrier would help confirm the key reversal formation and open the prospect of a more sustained recovery. Selling interest would likely be renewed at the 1.6170 ceiling. A slide back below 1.5880 would see the risks skewed towards the Mid-September 2013 low near 1.5770. Harami Awaits Confirmation Near Key Barrier ...
EUR/USD Weekly -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant. -“Near term, price action since the October low likely composes a 4th wave correction within a 5 wave ...
Talking Points Strategy: Long, Stop: 114.60 (Close), Target: 115.90Absence Of Bearish Signals Opens Further GainsWatching H4 Chart For Signs Of Bulls’ Exhaustion USD/JPY has continued its journey higher with a void of reversal signals opening the prospect of a run on 115.90 (the Nov ’07 high). A pullback below former resistance-turned-support at 114.60 would be required to warn of a correction for the pair. Absence Of Bearish Signals Casts Risks Higher ...
Price & Time Analysis: USD/JPY USD/JPY traded at its highest levels since December of 2007 earlier todayOur near-term trend bias is higher in USD/JPY while above 113.15The 200% extension of the October decline near 115.00 in the next important resistance zoneA minor turn window is seen early next weekA daily close under 113.15 would turn us negative ...
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