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...
Fundamental Analysis

The US Dollar recovered slightly in Asia. USD/JPY bounced once again off 110.60 support and rallied to 111.45. Resistance is noted at 111.60, followed by 112. The technical outlook remains negative, a...
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...