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« Previous EntriesS&P 500 Chart Setup Calls for Losses, Hinting US Dollar to Recover
Wednesday, February 22nd, 2012By Ilya Spivak, Currency Strategist for DailyFX.com THE TAKEAWAY: S&P 500 technical positioning calls for a bearish reversal below the 2011 yearly high, hinting the safe-haven US Dollar is set to recover amid risk aversion. S&P 500 – Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1376.10, the May [...]
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
Wednesday, February 22nd, 2012By Joel Kruger, Technical Strategist for DailyFX.com Greece agreement out of the way but saga still ongoing UK Telegraph highlights some of the risks ahead Yen emerging as the major story amidst Eurozone mess USD/JPY breaks back above 80.00 for first time in 6 months Daily RSI at highest level in over 10 years BOE [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
Euro Struggles to Find Direction Post Greek Agreement But Supported on Dips
Tuesday, February 21st, 2012EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the [...]
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return – February 21, 2012
Tuesday, February 21st, 2012By Ilya Spivak, Currency Strategist for DailyFX.com Major Currencies vs. US Dollar (% change) February 13, 2012 – February 17, 2012 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support [...]
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return – February 21, 2012
Tuesday, February 21st, 2012By Ilya Spivak, Currency Strategist for DailyFX.com Major Currencies vs. US Dollar (% change) February 13, 2012 – February 17, 2012 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
EURUSD: Candle Setup Hints Upswing Ahead
Monday, February 20th, 2012Strategy: Pending Short EURUSD put in a bullish Piercing Line candlestick pattern above support at 1.3055, the 38.2% Fibonacci retracement level, hinting a recovery is ahead. Initial resistance lines up in the 1.3157-1.3220 area, with a break above that exposing the February 9 swing high at 1.3321. We continue to see the overall bias as [...]
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