CRUDE OIL price build up targets the 58.79 resistance zone as it retains its strength. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run at the 56.50 level. Further down, support comes in at the 56.00...
GBPUSD resumes its corrective recovery strength with eyes on the 1.2459 level. Support lies at 1.2300 area with a break below that level turning attention to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will shift focus to the 1.2150 level...
Fed Chair Jerome Powell appeared in a question-and-answer session last Friday in Zürich, it was the last opportunity to get an update of the Fed’s thinking about the state of the economy and monetary policy. Unfortunately, Mr...
Pivot (invalidation): 56.40 Our preference Long positions above 56.40 with targets at 57.75 & 58.10 in extension. Alternative scenario...
Pivot (invalidation): 18.3100 Our preference Short positions below 18.3100 with targets at 17.7100 & 17.5200 in extension. Alternative scenario...
Pivot (invalidation): 1513.00 Our preference Short positions below 1513.00 with targets at 1502.00 & 1493.00 in extension. Alternative scenario...
Pivot (invalidation): 2943.00 Our preference Long positions above 2943.00 with targets at 3000.00 & 3029.00 in extension. Alternative scenario...
Pivot (invalidation): 12130.00 Our preference Long positions above 12130.00 with targets at 12253.00 & 12300.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6990 Our preference Long positions above 5.6990 with targets at 5.7280 & 5.7500 in extension. Alternative scenario...
Pivot (invalidation): 0.6835 Our preference Long positions above 0.6835 with targets at 0.6860 & 0.6880 in extension. Alternative scenario...
Pivot (invalidation): 1.3190 Our preference Short positions below 1.3190 with targets at 1.3155 & 1.3130 in extension. Alternative scenario...
Pivot (invalidation): 0.9870 Our preference Long positions above 0.9870 with targets at 0.9900 & 0.9920 in extension. Alternative scenario...
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.10 & 107.25 in extension. Alternative scenario...
Pivot (invalidation): 1.2305 Our preference Short positions below 1.2305 with targets at 1.2260 & 1.2230 in extension. Alternative scenario...
Pivot (invalidation): 1.1035 Our preference Short positions below 1.1035 with targets at 1.1015 & 1.1000 in extension. Alternative scenario...
GOLD targets further weakness with eyes on 1,479.89 level following its two-day declines. On the downside, support sits at the 1,490.00 level where a break will turn focus to the 1,480.00 level. Further down, a cut through here will open the door for a move decline towards the 1,470.00 level...
EURUSD continues to retain its broader downside pressure as it holds on ti its broader medium term weakness. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850...
Creating a trading plan If you’re serious about becoming a trader, a trading plan will be vital. Here we discuss some important assets your trading plan should contain. Assessing your skill Have you tested your strategy? Are you confident that it would work...
USDCHF looks to extend its short term recovery pressure. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level...
