Still the SPI200 Top Holds

March 23, 2017

It’s exactly one month ago we looked at this SPI200 double top: SPI200 Daily: Click on chart to see a larger view. Daily resistance that you can see has held for now, printing a pretty obvious double top in the …

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EUR/JPY Resistance Holds. Shows Power of Confluence

March 20, 2017

Ah, the power of confluence! We were watching this confluence of resistance on EUR/JPY on the blog mid last week and I wanted to bring it back up again: EUR/JPY Daily: Click on chart to see a larger view. Here …

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Fed Pullback Brings USD/JPY Longs into Play

March 17, 2017

We’ve been following the current USD/JPY narrative on the blog for a while now, with price above a higher time frame support level, but now capped inside a range as it tries to work its way higher. Obviously yesterday’s USD …

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Fed Hikes Rates: EUR/USD Positioning

March 16, 2017

The Federal Reserve this morning raised its benchmark interest rate a quarter of a percent from 0.75% to 1.00%. “Our decision to make another gradual reduction in the amount of policy accommodation reflects the economy’s continued progress. Today’s decision is …

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