Technical Analysis

For those who read Thursday's report you may recall our desk suggesting that the bears may have the upper hand in this market. As you can see, H4 price closed below the H4 support area at 1.0797-1.078...
Technical Analysis

We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an e...
Technical Analysis

European currencies saw little action this Thursday, holding within familiar ranges amid a scarce macroeconomic calendar and the absence of a major catalyst. The EUR/USD pair settled at 1.0787, pretty...
Technical Analysis

Dollar Index (99.98) is in a minor bounce with the major trend remaining down. Another leg to the downside still may be left which may take it down to 99.00-98.50, the major support. Resistance remain...
Technical Analysis

Already we can see these types of short term pullbacks holding perfectly. Are shorts in play already? With the higher time frame level still in play, let's take a look at what the levels are doing now...