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In the FX, stronger demand in US treasuries and the dollar should lead to a decent profit taking in most majors which have surfed the weaker USD wave over the past weeks. Having pulled out the minor 23.6% Fibonacci retracement on April – June rise, the EURUSD could extend weakness to 1...
The rising anxiety that the second wave of Covid-19 is about to hit the global economy is weighing on the market mood at the start of the week...
Pivot (invalidation): 36.00 Our preference Short positions below 36.00 with targets at 34.50 & 33.85 in extension. Alternative scenario Above 36.00 look for further upside with 37.00 & 37.75 as targets...
Pivot (invalidation): 17.5500 Our preference Short positions below 17.5500 with targets at 17.2000 & 17.0900 in extension. Alternative scenario Above 17.5500 look for further upside with 17.7500 & 17.9400 as targets...
Pivot (invalidation): 1741.00 Our preference Short positions below 1741.00 with targets at 1719.00 & 1708.00 in extension. Alternative scenario Above 1741.00 look for further upside with 1754.00 & 1760.00 as targets...
Pivot (invalidation): 1741.00 Our preference Short positions below 1741.00 with targets at 1719.00 & 1708.00 in extension. Alternative scenario Above 1741.00 look for further upside with 1754.00 & 1760.00 as targets...
Pivot (invalidation): 3088.00 Our preference Short positions below 3088.00 with targets at 2984.00 & 2934.00 in extension. Alternative scenario Above 3088.00 look for further upside with 3124.00 & 3180.00 as targets...
Pivot (invalidation): 12170.00 Our preference Short positions below 12170.00 with targets at 11845.00 & 11700.00 in extension. Alternative scenario Above 12170.00 look for further upside with 12300.00 & 12470.00 as targets...
Pivot (invalidation): 6.8290 Our preference Short positions below 6.8290 with targets at 6.8040 & 6.7930 in extension. Alternative scenario Above 6.8290 look for further upside with 6.8420 & 6.8530 as targets...
Pivot (invalidation): 0.6870 Our preference Short positions below 0.6870 with targets at 0.6795 & 0.6755 in extension. Alternative scenario Above 0.6870 look for further upside with 0.6910 & 0.6950 as targets...
Pivot (invalidation): 0.9550 Our preference Short positions below 0.9550 with targets at 0.9490 & 0.9455 in extension. Alternative scenario Above 0.9550 look for further upside with 0.9575 & 0.9600 as targets...
Pivot (invalidation): 1.3575 Our preference Long positions above 1.3575 with targets at 1.3665 & 1.3700 in extension. Alternative scenario Below 1.3575 look for further downside with 1.3520 & 1.3475 as targets...
Pivot (invalidation): 107.55 Our preference Short positions below 107.55 with targets at 106.85 & 106.55 in extension. Alternative scenario Above 107.55 look for further upside with 107.85 & 108.20 as targets...
Pivot (invalidation): 1.2550 Our preference Short positions below 1.2550 with targets at 1.2470 & 1.2440 in extension. Alternative scenario Above 1.2550 look for further upside with 1.2600 & 1.2650 as targets...
Pivot (invalidation): 1.1275 Our preference Short positions below 1.1275 with targets at 1.1230 & 1.1210 in extension. Alternative scenario Above 1.1275 look for further upside with 1.1300 & 1.1330 as targets...
The 4-hour right side is down against 12/13/2019 peak (1.3522) & shows a bearish sequence. 1 hour is turning down against 1.2814 high. Near-term, while bounces fail below 1...
The 4-hour right side is up against 8/16/2018 low (1159). 1 hour is turning up against 1669 low. Near-term, while dips remain above 1669 low expect Gold to extend higher...
First, a review of last week’s events: - EUR/USD . If someone thought that the United States won COVID-19, they were mistaken. The number of people infected with coronavirus is growing in 21 states, with new highs recorded in 14 of them...
WTI crude slipped below $35 per barrel as oil investors scaled back their expectation of improved demand on rising risk of a renewed halt in global economic activity. The barrel of WTI found buyers near the 100-day moving average ($34.70...
US equities recorded the worst single-day sell-off since April on rising fears that a second wave of Covid-10 contagion would push the economies to shut down again. The Dow Jones slumped 6.90%, as Nasdaq erased 5.27% respectively at the close. The S&P500 (-5.89%) hit the critical 3000 support...
