The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against the .8287 low. While above...
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1149...
The weekly right side is up against 75.57. The daily is turning down against 114.54 high from 10/4/2018. While below 111.67 where the hourly right side is down expect the pair lower. While the pullback remains above the 101...
First, a review of last week’s events: - EUR/USD. The German unemployment rate remained unchanged at 5% in March. But the data on the US labor market looks just terrifying: 6...
After a long time of sit and wait the volume came back and provides us some good trade setups on the majors. So let's have a closer look chart by chart...
Pivot (invalidation): 23.40 Our preference Long positions above 23.40 with targets at 25.10 & 25.85 in extension. Alternative scenario...
Pivot (invalidation): 14.2800 Our preference Long positions above 14.2800 with targets at 14.6100 & 14.7400 in extension. Alternative scenario...
Pivot (invalidation): 1600.00 Our preference Long positions above 1600.00 with targets at 1627.00 & 1637.00 in extension. Alternative scenario...
Pivot (invalidation): 2446.00 Our preference Long positions above 2446.00 with targets at 2570.00 & 2640.00 in extension. Alternative scenario...
Pivot (invalidation): 9760.00 Our preference Short positions below 9760.00 with targets at 9337.00 & 9080.00 in extension. Alternative scenario...
Pivot (invalidation): 6.5930 Our preference Long positions above 6.5930 with targets at 6.6430 & 6.6770 in extension. Alternative scenario...
Pivot (invalidation): 0.6040 Our preference Long positions above 0.6040 with targets at 0.6080 & 0.6120 in extension. Alternative scenario...
Pivot (invalidation): 1.4200 Our preference Short positions below 1.4200 with targets at 1.4095 & 1.4060 in extension. Alternative scenario...
Pivot (invalidation): 0.9715 Our preference Long positions above 0.9715 with targets at 0.9755 & 0.9770 in extension. Alternative scenario...
Pivot (invalidation): 107.70 Our preference Long positions above 107.70 with targets at 108.25 & 108.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2410 Our preference Short positions below 1.2410 with targets at 1.2360 & 1.2330 in extension. Alternative scenario...
Pivot (invalidation): 1.0885 Our preference Short positions below 1.0885 with targets at 1.0820 & 1.0775 in extension. Alternative scenario...
But despite the increasing global glut, WTI crude held support at $20 per barrel. First, because the Saudi’s increased production is certainly countered by lower production elsewhere due to the very low oil prices...
Pivot (invalidation): 20.55 Our preference Long positions above 20.55 with targets at 21.55 & 21.90 in extension. Alternative scenario...
