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End of a months and looking forward to a new month ahead! We seem to have a had a moderate forecast for Friday with 4 out of the 7 pairs conforming to our forecast. The GBP/USD, USD/CAD, AUD/USD and...
Talking Points: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...
Talking Points: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...
Talking Points: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...
Talking Points:USD/CAD Technical Strategy: Flat Support: 1.0813-22 (May 8 low, 50% Fib exp.), 1.0803 (trend line), 1.0793 (61.8% Fib exp.) Resistance: 1.0850 (38.2% Fib exp.), 1.0874-85 (trend...
Talking Points:AUD/USD Technical Strategy: Short at 0.9328 Support: 0.9201 (channel floor, 23.6% Fib exp.), 0.9041 (38.2% Fib exp.) Resistance: 0.9361 (channel top), 0.9408 (May 14 high) The...
The ECB meeting this Thursday, June 5 is highly anticipated, as it will be indicative of monetary policy going forward. I found this especially interesting in light of the technical pattern currently...
Friday went a long way to resolving some minor conflicts. The adjustment required in EUR/USD was counter-intuitive with USD/CHF. Although I wondered whether the latter could have retained my count, it...
Being contained by 1.0813 support, the USD/CAD rebounded from 1.0822. However, the bounce is likely consolidation of the downtrend from 1.0941, another fall to test 1.0813 support would likely be seen...
The following table lists the key economic data and other events that came out during the week of May 26ththrough May 30th, with release times displayed for the GMT time zone. The list also indicates...
The European Central Bank meeting is on June 5. It is among the most important economic events of the first half of this year and possibly the entire year. After much preparation and jawboning, the...
EUR/USDWe are currently sitting at 1.3632 after a violent correction from the rising wedge which we alerted to. The correction is on the 0.786 Fibo which is a definite bounce point so watch for a move...
EUR/USDThe pair saw a relatively subdued start to the week with Europe away from market, although did see a break back above the 200DMA amid early USD weakness and EUR support stemming from month-end...
Today we expect the GDP MoM, to be published at 14:00 (CET, server time). This is a key indicator of economic activity, which is calculated after adjustment for inflation. For today, according to...
AUD/JPY: Currently we are at 94.52. We are looking for a move through the bear flag and then a continuation to the S4 area at 93.82. Overall target next week is 92.95. The average daily true range...