USD/CAD
Currently we are 1.3069 in a triangle. IF we break down we are looking for a continuation to the 1.270 Fibo @ 1.2953 and maybe a continuation to 1.618 Fibo @ 1.2889. The average daily true range (ATR) for the pair currently is 105 pips.
Forex technical analysis: USDJPY tests retracement support....again
Takes out lows from last week, but cannot take the next step.
The lows from last week at 112.069 and 112.045 were taken out in early NY trading BUT the 38.2% of the move up from the November Election Day low at 111.98 coul… Read More
Forex technical analysis: EURUSD tests Friday low....
The EURUSD fell in early NY trading and in the process tested the low from Friday AND the 1.0706 level. That level is of course the 38.2% of the move down from the Election Day high to the January low. We have trad… Read More
Forex technical analysis: EURUSD stalls fall near prior swing low level
Lows from Jan 26 and Jan 27 stall the fall
The EURUSD has trended lower in trading today. However, like the GBPUSD, the pair has reached a support area and has stalled the fall over the the last 6 or so hours. That support… Read More
EURUSD testing the 100 day MA area
It is Friday - and moving toward the Friday London fixing (i.e. potential for fixing flows) - but the EURUSD is testing that key MA level at the 1.0794 level. The price just printed 1.0797 and backed off a bit. … Read More
USDJPY comes down with stocks. Bond yields dip a little too
Overhead technical levels also help stall the rally.
The USDJPY did recover after the post ADP dip (see prior post), but did find the going tough at the overhead resistance targets (also see prior post).
The … Read More
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