Category: FX News

05

Jun2014
GBP/USD Technical Strategy: Flat Support:1.6691 (“axis” line), 1.6559 (38.2% Fib ret.) Resistance:1.6850 (trend line), 1.6920 (May 21 high) The British Pound may have marked a pivotal reversal against the US Dollar after prices cleared rising trend support set from mid-November 2013. The pair is testing “axis” line support at 1.6691, with a daily ... Read More
June 5, 2014admin

05

Jun2014
EUR/USD Technical Strategy: Short at 1.3654 Support: 1.3561 (61.8% Fib ret.), 1.3459-76 (Feb 3 low, 76.4% Fib ret.) Resistance:1.3643 (50% Fib ret.), 1.3726 (38.2% Fib ret.) The Euro appears likely to continue lower after falling to the lowest level in almost four months against the US Dollar. Sellers are now aiming to challenge ... Read More
June 5, 2014admin

04

Jun2014
EUR/USD Technical Strategy: Short at 1.3654 Support: 1.3561 (61.8% Fib ret.), 1.3459-76 (Feb 3 low, 76.4% Fib ret.) Resistance:1.3643 (50% Fib ret.), 1.3726 (38.2% Fib ret.) The Euro remains vulnerable to continued losses as prices consolidate near the 1.36 figure to the US Dollar. Sellers are aiming to challenge the 61.8% Fibonacci retracement ... Read More
June 4, 2014admin

03

Jun2014
USD/JPY Technical Strategy: Flat Support: 102.08 (38.2% Fib ret.), 101.59 (23.6% Fib ret.) Resistance: 102.47 (50% Fib ret.), 102.85 (61.8% Fib ret.) The US Dollar jumped to the highest level in a month against the Japanese Yen, securing a foothold above the 102.00 figure once again. A break above resistance at 102.47, the ... Read More
June 3, 2014admin

03

Jun2014
GBP/USD Technical Strategy: Flat Support:1.6694 (“axis” line), 1.6559 (38.2% Fib ret.) Resistance:1.6834 (trend line), 1.6920 (May 21 high) The British Pound may have marked a pivotal reversal against the US Dollar after prices cleared rising trend support set from mid-November 2013. The pair is testing “axis” line support at 1.6694, with a daily ... Read More
June 3, 2014admin

03

Jun2014
EUR/USD Technical Strategy: Short at 1.3654 Support: 1.3561 (61.8% Fib ret.), 1.3459-76 (Feb 3 low, 76.4% Fib ret.) Resistance:1.3643 (50% Fib ret.), 1.3726 (38.2% Fib ret.) The Euro appears likely to continue lower after falling to the lowest level in almost four months against the US Dollar. Sellers are now aiming to challenge ... Read More
June 3, 2014admin

02

Jun2014
GBP/USD Technical Strategy: Flat Support:1.6694 (“axis” line), 1.6559 (38.2% Fib ret.) Resistance:1.6822 (trend line), 1.6920 (May 21 high) The British Pound looks primed for weakness against the US Dollar after prices broke below major trend line support established from November 2013. Prices are now testing “axis” line support at 1.6694, with a break ... Read More
June 2, 2014admin

02

Jun2014
USD/JPY Technical Strategy: Flat Support: 101.61 (50% Fib exp.), 101.28 (61.8% Fib exp.) Resistance: 101.94 (38.2% Fib exp.), 102.35 (23.6% Fib exp.) The US Dollar is stalling against Japanese Yen having met resistance below the 102.00 figure. A break above the 38.2% Fibonacci expansion at 101.94 on a daily closing basis initially targets ... Read More
June 2, 2014admin

31

May2014
“The weak momentum profile is not suggestive of a strong bull.” Weekly momentum is just as telling. The most recent top is accompanied by RSI divergence with RSI < 60. This is exceptionally bearish. A similar RSI pattern occurred in July 2008. If the rate does trade to a new ... Read More
May 31, 2014admin

30

May2014
AUD/USD Technical Strategy: Short at 0.9328 Support: 0.9201 (channel floor, 23.6% Fib exp.), 0.9041 (38.2% Fib exp.) Resistance: 0.9362 (channel top), 0.9408 (May 14 high) The Australian Dollar declined as expected against its US counterpart after prices took out support at the bottom of a rising channel set from late January. A rebound ... Read More
May 30, 2014admin