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Pivot (invalidation): 1.3000 Our preference Short positions below 1.3000 with targets at 1.2945 & 1.2920 in extension. Alternative scenario Above 1.3000 look for further upside with 1.3035 & 1.3070 as targets...
Pivot (invalidation): 0.9815 Our preference Short positions below 0.9815 with targets at 0.9785 & 0.9765 in extension. Alternative scenario Above 0.9815 look for further upside with 0.9845 & 0.9865 as targets...
Pivot (invalidation): 111.10 Our preference Long positions above 111.10 with targets at 111.50 & 111.75 in extension. Alternative scenario Below 111.10 look for further downside with 110.70 & 110.35 as targets...
Pivot (invalidation): 1.2865 Our preference Long positions above 1.2865 with targets at 1.2910 & 1.2935 in extension. Alternative scenario Below 1.2865 look for further downside with 1.2835 & 1.2815 as targets...
Pivot (invalidation): 1.1655 Our preference Long positions above 1.1655 with targets at 1.1720 & 1.1740 in extension. Alternative scenario Below 1.1655 look for further downside with 1.1610 & 1.1590 as targets...
EURJPY: The pair looks to recover further higher as it closed strongly higher on Monday. Support comes in at the 129.00 level where a break if seen will aim at the 128.50 level. A cut through here will turn focus to the 128.00 level and possibly lower towards the 127.50 level...
GBPUSD: The pair now faces further corrective recovery as we begin a new week. Support lies at the 1.2800 level where a break will turn attention to the 1.2750 level. Further down, support lies at the 1.2700 level. Below here will set the stage for more weakness towards the 1.2650 l0evel...
At record highs, USD/INR is trading sideways since its rise above 70 in mid-August, easing back to 69.91 last Friday as US Federal Reserve Chairman Jerome Powell confirmed a “slow and gradual” pace of rate hikes, thus softening the USD...
Two concerns pose downside risk to the optimistic outlook of the US Federal Reserve Bank. First is trade tension. America imposed tariffs on $16 billion of Chinese imports and China quickly retaliated. Yet a breakthrough in NAFTA negotiation between Mexico and the US seems likely...
Pivot (invalidation): 6630 Our preference Long positions above 6630 with targets at 6760 & 6805 in extension. Alternative scenario Below 6630 look for further downside with 6585 & 6485 as targets...
Pivot (invalidation): 68.90 Our preference Short positions below 68.90 with targets at 68.25 & 67.95 in extension. Alternative scenario Above 68.90 look for further upside with 69.30 & 69.65 as targets...
Pivot (invalidation): 14.7100 Our preference Long positions above 14.7100 with targets at 14.9800 & 15.0700 in extension. Alternative scenario Below 14.7100 look for further downside with 14.6000 & 14.5000 as targets...
Pivot (invalidation): 1201.50 Our preference Long positions above 1201.50 with targets at 1213.00 & 1217.00 in extension. Alternative scenario Below 1201.50 look for further downside with 1196.50 & 1192.50 as targets...
Pivot (invalidation): 1201.50 Our preference Long positions above 1201.50 with targets at 1213.00 & 1217.00 in extension. Alternative scenario Below 1201.50 look for further downside with 1196.50 & 1192.50 as targets...
Pivot (invalidation): 1.1410 Our preference Long positions above 1.1410 with targets at 1.1445 & 1.1460 in extension. Alternative scenario Below 1.1410 look for further downside with 1.1390 & 1.1370 as targets...
Pivot (invalidation): 0.9030 Our preference Long positions above 0.9030 with targets at 0.9070 & 0.9095 in extension. Alternative scenario Below 0.9030 look for further downside with 0.9000 & 0.8985 as targets...
Pivot (invalidation): 0.7315 Our preference Long positions above 0.7315 with targets at 0.7345 & 0.7365 in extension. Alternative scenario Below 0.7315 look for further downside with 0.7285 & 0.7265 as targets...
Pivot (invalidation): 1.3040 Our preference Short positions below 1.3040 with targets at 1.2985 & 1.2960 in extension. Alternative scenario Above 1.3040 look for further upside with 1.3070 & 1.3100 as targets...
Pivot (invalidation): 0.9840 Our preference Short positions below 0.9840 with targets at 0.9805 & 0.9785 in extension. Alternative scenario Above 0.9840 look for further upside with 0.9865 & 0.9890 as targets...
