2014-02-25 13:51 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
Support: 10568 (23.6% Fib ret.), 10545 (trend line from Sep’12), 10520 (Feb 17 low)
Resistance: 10598 (38.2% Fib ret.), 10623 (50% Fib ret.)
The Dow Jones FXCM US Dollar Index recoiled from resistance at 10598, […]
2014-02-25 13:33 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
EUR/USD Technical Strategy: Pending Short
Support: 1.3698 (Jan 14 high), 1.3613 (38.2% Fib exp.)
Resistance: 1.3768 (trend line), 1.3800 (double top)
The Euro pulled back from resistance marked by a falling trend line set from the October 2013 swing high and double top to meet support […]
2014-02-25 13:07 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:
GBP/USD Technical Strategy: Flat
Support: 1.6593 (23.6% Fib ret.), 1.6452 (38.2% Fib ret.)
Resistance: 1.6667-80 (Jan 24 high, 14.6% Fib ret.), 1.6822 (Feb 17 high)
The British Pound is attempting to launch a recovery against the US Dollar. Prices are testing above support-turned-resistance in the 1.6667-80 area, […]
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Talking Points
A Bearish Engulfing candle pattern hints a move lower is ahead
Breaking below 1.6475 (23.6% Fib ret.) exposes 1.6356 (38.2% Fib exp.)
Near-term resistance is at 1.6667, the December 24 high
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency […]
To receive Ilya’s analysis directly via email, please SIGN UP HERETalking PointsA pullback from resistance at 0.9170 (23.6% Fib ret.) eyes 0.8984 (23.6% Fib exp)Support is reinforced by the Dec 6 low at 0.8988; below that eyes 0.8872 (38.2% ret.)Reversing above 0.9170 aims for 0.9282 (38.2% Fib expansion)Confirm your chart-based trade setups with the Technical Analyzer.Daily Chart – Created Using […]
