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It seems that the Japanese yen (unlike the greenback) can’t get rid of poor economic data. Poor February exports figures of -1.20% (prior: -8.40%) in negative territory for the third consecutive time as well as low February wage earnings, down 0.80% following January revised -0...
Pivot (invalidation): 61.90 Our preference Long positions above 61.90 with targets at 62.20 & 62.45 in extension. Alternative scenario Below 61.90 look for further downside with 61.60 & 61.25 as targets...
Pivot (invalidation): 15.0500 Our preference Long positions above 15.0500 with targets at 15.1900 & 15.2500 in extension. Alternative scenario Below 15.0500 look for further downside with 14.9500 & 14.8800 as targets...
Pivot (invalidation): 1294.50 Our preference Short positions below 1294.50 with targets at 1285.25 & 1281.00 in extension. Alternative scenario Above 1294.50 look for further upside with 1297.00 & 1300.00 as targets...
Pivot (invalidation): 2869.00 Our preference Long positions above 2869.00 with targets at 2885.00 & 2891.25 in extension. Alternative scenario Below 2869.00 look for further downside with 2859.25 & 2848.50 as targets...
Pivot (invalidation): 11930.00 Our preference Long positions above 11930.00 with targets at 12027.00 & 12112.00 in extension. Alternative scenario Below 11930.00 look for further downside with 11865.00 & 11810.00 as targets...
Pivot (invalidation): 5.5830 Our preference Long positions above 5.5830 with targets at 5.6310 & 5.6600 in extension. Alternative scenario Below 5.5830 look for further downside with 5.5540 & 5.5270 as targets...
Pivot (invalidation): 0.7105 Our preference Long positions above 0.7105 with targets at 0.7130 & 0.7145 in extension. Alternative scenario Below 0.7105 look for further downside with 0.7095 & 0.7085 as targets...
Pivot (invalidation): 1.3340 Our preference Long positions above 1.3340 with targets at 1.3370 & 1.3395 in extension. Alternative scenario Below 1.3340 look for further downside with 1.3315 & 1.3295 as targets...
Pivot (invalidation): 0.9985 Our preference Long positions above 0.9985 with targets at 1.0010 & 1.0030 in extension. Alternative scenario Below 0.9985 look for further downside with 0.9970 & 0.9950 as targets...
Pivot (invalidation): 111.50 Our preference Long positions above 111.50 with targets at 111.90 & 112.00 in extension. Alternative scenario Below 111.50 look for further downside with 111.30 & 111.15 as targets...
Pivot (invalidation): 1.3115 Our preference Short positions below 1.3115 with targets at 1.3060 & 1.3025 in extension. Alternative scenario Above 1.3115 look for further upside with 1.3150 & 1.3190 as targets...
Pivot (invalidation): 1.1230 Our preference Short positions below 1.1230 with targets at 1.1205 & 1.1195 in extension. Alternative scenario Above 1.1230 look for further upside with 1.1245 & 1.1255 as targets...
The principle of the indicator. The Strong Trend Flat Signal (STFS) indicator is the intersection of two, developed by the author, non-lagging moving averages with averaging periods 21 and 63...
USDCAD faces upside risk following its price rejection on Wednesday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1...
Financial markets are rather quiet this morning. The FX market remains under the influence of both Sino-American trade talks and Brexit while the drop in German February manufacturing orders has also a significant impact on the European stock market...
Pivot (invalidation): 62.70 Our preference Short positions below 62.70 with targets at 62.05 & 61.60 in extension. Alternative scenario Above 62.70 look for further upside with 63.00 & 63.35 as targets...
Pivot (invalidation): 15.1900 Our preference Short positions below 15.1900 with targets at 15.0200 & 14.9400 in extension. Alternative scenario Above 15.1900 look for further upside with 15.2500 & 15.3300 as targets...
Pivot (invalidation): 1294.50 Our preference Short positions below 1294.50 with targets at 1288.00 & 1285.00 in extension. Alternative scenario Above 1294.50 look for further upside with 1297.00 & 1300.00 as targets...
