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The weak US dollar continues fueling gains in EURUSD, GBPUSD and AUDUSD. The EURUSD advanced to 1.19, and Cable hit a fresh post-pandemic high at 1.3284...
The Federal Reserve (Fed) Chair Jerome Powell brought a new policy approach on the table at yesterday’s Jackson Hole meeting, tweaking the Fed’s inflation target from 2% to ‘2% over time’ as expected...
Pivot (invalidation): 43.20 Our preference Short positions below 43.20 with targets at 42.60 & 42.35 in extension. Alternative scenario Above 43.20 look for further upside with 43.50 & 43.75 as targets...
Pivot (invalidation): 26.8000 Our preference Long positions above 26.8000 with targets at 27.5400 & 27.7700 in extension. Alternative scenario Below 26.8000 look for further downside with 26.4900 & 26.2000 as targets...
Pivot (invalidation): 1923.00 Our preference Long positions above 1923.00 with targets at 1942.00 & 1955.00 in extension. Alternative scenario Below 1923.00 look for further downside with 1909.00 & 1902.00 as targets...
Pivot (invalidation): 3465.00 Our preference Long positions above 3465.00 with targets at 3501.00 & 3525.00 in extension. Alternative scenario Below 3465.00 look for further downside with 3436.00 & 3413.00 as targets...
Pivot (invalidation): 13220.00 Our preference Short positions below 13220.00 with targets at 13000.00 & 12924.00 in extension. Alternative scenario Above 13220.00 look for further upside with 13314.00 & 13370.00 as targets...
Pivot (invalidation): 7.3800 Our preference Short positions below 7.3800 with targets at 7.2970 & 7.2740 in extension. Alternative scenario Above 7.3800 look for further upside with 7.4140 & 7.4370 as targets...
Pivot (invalidation): 0.7250 Our preference Long positions above 0.7250 with targets at 0.7310 & 0.7340 in extension. Alternative scenario Below 0.7250 look for further downside with 0.7230 & 0.7210 as targets...
Pivot (invalidation): 1.3140 Our preference Short positions below 1.3140 with targets at 1.3080 & 1.3060 in extension. Alternative scenario Above 1.3140 look for further upside with 1.3165 & 1.3190 as targets...
Pivot (invalidation): 0.9100 Our preference Short positions below 0.9100 with targets at 0.9050 & 0.9035 in extension. Alternative scenario Above 0.9100 look for further upside with 0.9120 & 0.9135 as targets...
Pivot (invalidation): 106.60 Our preference Long positions above 106.60 with targets at 107.05 & 107.50 in extension. Alternative scenario Below 106.60 look for further downside with 106.35 & 106.10 as targets...
Pivot (invalidation): 1.3190 Our preference Long positions above 1.3190 with targets at 1.3285 & 1.3320 in extension. Alternative scenario Below 1.3190 look for further downside with 1.3160 & 1.3130 as targets...
Pivot (invalidation): 1.1810 Our preference Long positions above 1.1810 with targets at 1.1875 & 1.1900 in extension. Alternative scenario Below 1.1810 look for further downside with 1.1790 & 1.1760 as targets...
For this analysis I use iPump indicato r Important news for t oday USD / CAD Yesterday the USD / CAD pair was ading lower and closed the day in the red zone near the C $ 1.3150 price. Today the pair was trading in a narrow range of C $ 1.3135-55, remaining close to a 30-week low...
The US dollar index slipped below the 93 mark ahead of the Jackson Hole meeting, and the US 10-year yield steadied a touch below the 0.70% mark. The greenback continues defining the trajectory of EURUSD and GBPUSD...
Hurricane Laura could be the worst to hit the Texas-Louisiana border in the last 160 years, but the oil market remains surprisingly calm faced with a potentially meaningful supply disruption in the US south coast...
Pivot (invalidation): 43.10 Our preference Long positions above 43.10 with targets at 43.80 & 44.10 in extension. Alternative scenario Below 43.10 look for further downside with 42.80 & 42.60 as targets...
Pivot (invalidation): 26.8000 Our preference Long positions above 26.8000 with targets at 27.5400 & 27.8400 in extension. Alternative scenario Below 26.8000 look for further downside with 26.6000 & 26.4200 as targets...