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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...
Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) This is why GBPJPY started retracing to Fib: 1. We have reached Previous Support that became Resistance on 4HR chart 2. High Speed Index of 54...
First, a review of last week’s events: - EUR/USD. The range 1.1025-1.106 can be called the Pivot Point zone of the last month and a half. It was there that the pair returned to by the end of the week trading session, which indicates the uncertainty prevailing in the market...
NZDUSD extends gain on strong rally as it retains its corrective recovery. Resistance comes in at the 0.6450 level where a break will turn attention to the 0.6500 level. A break of here will have to happen to create scope for a move higher towards the 0.6550 level...
The last batch of economic data from Germany points towards further pain. July’s industrial production came in well below estimates this morning. The gauge contracted 0.6%m/m while market participants expected a monthly increase of 0.4%. On the bright side, the June’s 1...
Yesterday, solid US non-manufacturing ISM supported growing risk appetite alongside easing U.S. China trade tensions. Global bond markets are correcting, equity markets are higher and safe-haven currencies in USD, JPY and CHF are weaker...
Pivot (invalidation): 56.70 Our preference Short positions below 56.70 with targets at 55.85 & 55.25 in extension. Alternative scenario...
Pivot (invalidation): 18.8400 Our preference Short positions below 18.8400 with targets at 18.4500 & 18.1500 in extension. Alternative scenario...
Pivot (invalidation): 1528.00 Our preference Short positions below 1528.00 with targets at 1506.00 & 1498.00 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): 12070.00 Our preference Long positions above 12070.00 with targets at 12150.00 & 12215.00 in extension. Alternative scenario...
