EURUSD with the pair continuing to retain its downside pressure, more decline is expected in the new week. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250...
First, a review of last week’s events: - EUR/USD. Recall that the previous forecast focused on the uncertainty that has been reigning in the markets recently. At that time, the preponderance of the bulls' supporters over the bears was only 10...
USDCHF with the pair retaining its short term uptrend, more strength is expected. Resistance comes in at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level...
Below are the set file for each pair. Note that the default setting is for EURUSD Note that: ejic.set - EURJPY, icgub.set - GBPUSD, ucadic.set - USDCAD...
U.S. stocks edged lower as investors assessed conflicting signals on prospects for the U.S.-China trade talks. The Dow Jones Industrial Average dropped less than 0.1%, a day after the gauge of blue-chip stocks logged its biggest fall of the month. The S&P 500 slipped 0...
Pivot (invalidation): 57.80 Our preference Long positions above 57.80 with targets at 58.65 & 59.00 in extension. Alternative scenario...
Pivot (invalidation): 17.1500 Our preference Short positions below 17.1500 with targets at 17.0100 & 16.9600 in extension. Alternative scenario...
Pivot (invalidation): 1468.50 Our preference Short positions below 1468.50 with targets at 1462.00 & 1457.00 in extension. Alternative scenario...
Pivot (invalidation): 3118.00 Our preference Short positions below 3118.00 with targets at 3091.00 & 3078.00 in extension. Alternative scenario...
Pivot (invalidation): 13180.00 Our preference Short positions below 13180.00 with targets at 13070.00 & 13030.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7040 Our preference Short positions below 5.7040 with targets at 5.6880 & 5.6780 in extension. Alternative scenario...
Pivot (invalidation): 0.6800 Our preference Short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension. Alternative scenario...
Pivot (invalidation): 1.3295 Our preference Short positions below 1.3295 with targets at 1.3265 & 1.3235 in extension. Alternative scenario...
Pivot (invalidation): 0.9915 Our preference Long positions above 0.9915 with targets at 0.9950 & 0.9965 in extension. Alternative scenario...
Pivot (invalidation): 108.70 Our preference Short positions below 108.70 with targets at 108.45 & 108.25 in extension. Alternative scenario...
Pivot (invalidation): 1.2930 Our preference Short positions below 1.2930 with targets at 1.2900 & 1.2890 in extension. Alternative scenario...
Pivot (invalidation): 1.1075 Our preference Short positions below 1.1075 with targets at 1.1050 & 1.1040 in extension. Alternative scenario...
The minutes published on Wednesday from the Fed meeting in October confirmed the central bank’s leadership’s attitude to take a wait-and-see attitude to determine if the economy will need additional stimulus in the coming months...
