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The euro tanked to 1.0838 against the US dollar. Trend and momentum indicators remain comfortably negative, but the relative strength index (at 21.75%) warns that the single currency may have been sold too fast in a too short period of time and it could soon be time for an upside correction...
The US equities swung between hope and despair, but the three major indices closed lower on Thursday. Worries that the coronavirus cases may have spiked added to the New York Fed’s announcement that it will further curb repo operations. Asian stocks were mixed. Nikkei (-0.59%) and Topix (-0...
Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 51.95 & 52.25 in extension. Alternative scenario...
Pivot (invalidation): 17.5700 Our preference Long positions above 17.5700 with targets at 17.7300 & 17.8000 in extension. Alternative scenario...
Pivot (invalidation): 1571.50 Our preference Long positions above 1571.50 with targets at 1578.00 & 1581.00 in extension. Alternative scenario...
Pivot (invalidation): 3355.00 Our preference Long positions above 3355.00 with targets at 3397.00 & 3410.00 in extension. Alternative scenario...
Pivot (invalidation): 13640.00 Our preference Long positions above 13640.00 with targets at 13767.00 & 13894.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0290 Our preference Long positions above 6.0290 with targets at 6.0500 & 6.0650 in extension. Alternative scenario...
Pivot (invalidation): 0.6735 Our preference Short positions below 0.6735 with targets at 0.6705 & 0.6685 in extension. Alternative scenario...
Pivot (invalidation): 1.3245 Our preference Long positions above 1.3245 with targets at 1.3275 & 1.3295 in extension. Alternative scenario...
Pivot (invalidation): 0.9785 Our preference Long positions above 0.9785 with targets at 0.9805 & 0.9820 in extension. Alternative scenario...
Pivot (invalidation): 109.90 Our preference Short positions below 109.90 with targets at 109.70 & 109.60 in extension. Alternative scenario...
Pivot (invalidation): 1.3015 Our preference Long positions above 1.3015 with targets at 1.3070 & 1.3100 in extension. Alternative scenario...
Pivot (invalidation): 1.0855 Our preference Short positions below 1.0855 with targets at 1.0815 & 1.0800 in extension. Alternative scenario...
Gold advanced to $1575 an ounce and the yen gained on increased risk-haven trades. The USDJPY retreated after trading above the 110 mark. WTI crude held ground above the $51 a barrel, however, although the US stockpiles increased 7.5 million barrels last week versus 3...
US equities advanced to record highs yet another day on news that the rate of the coronavirus infection may be slowing and that the outbreak may not hit the US businesses as hard as first thought...
EURGBP looks to weaken further as it eyes a move towards its key supported located at 0.8275 level. This is coming on the back of its recent declines. On the downside, support stands at the 0.8275 level where a violation will turn focus to the 0.8250 level. A break below here will aim at the 0...
How to identify new opportunities We finally found a good trading opportunity EURUSD is breaking downwards while GBPUSD is pushing upwards. This provides a great chance for a SELL trade on EURGBP...
Pivot (invalidation): 17.5300 Our preference Long positions above 17.5300 with targets at 17.6700 & 17.7300 in extension. Alternative scenario...
