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The Chinese yuan printed a fresh multi-month low on Friday amid heighten worries about the stability of the Chinese economy and the potential negative effects of the trade war with the US. The offshore rate fell as much as 0.65% with USD/CNH climbing as high as 6.8367...
Pivot (invalidation): 7274 Our preference Long positions above 7274 with targets at 7861 & 7995 in extension. Alternative scenario Below 7274 look for further downside with 7048 & 6913 as targets...
Pivot (invalidation): 67.50 Our preference Long positions above 67.50 with targets at 68.80 & 69.15 in extension. Alternative scenario Below 67.50 look for further downside with 66.90 & 66.60 as targets...
Pivot (invalidation): 15.2200 Our preference Long positions above 15.2200 with targets at 15.3900 & 15.4600 in extension. Alternative scenario Below 15.2200 look for further downside with 15.1500 & 15.0800 as targets...
Pivot (invalidation): 1226.00 Our preference Short positions below 1226.00 with targets at 1211.00 & 1205.50 in extension. Alternative scenario Above 1226.00 look for further upside with 1233.00 & 1238.00 as targets...
Pivot (invalidation): 1.1622 Our preference Long positions above 1.1622 with targets at 1.1678 & 1.1690 in extension. Alternative scenario Below 1.1622 look for further downside with 1.1601 & 1.1588 as targets...
Pivot (invalidation): 0.8925 Our preference Long positions above 0.8925 with targets at 0.8965 & 0.8980 in extension. Alternative scenario Below 0.8925 look for further downside with 0.8900 & 0.8875 as targets...
Pivot (invalidation): 0.7375 Our preference Short positions below 0.7375 with targets at 0.7325 & 0.7295 in extension. Alternative scenario Above 0.7375 look for further upside with 0.7395 & 0.7420 as targets...
Pivot (invalidation): 1.3245 Our preference Long positions above 1.3245 with targets at 1.3290 & 1.3320 in extension. Alternative scenario Below 1.3245 look for further downside with 1.3220 & 1.3185 as targets...
Pivot (invalidation): 1.0005 Our preference Short positions below 1.0005 with targets at 0.9975 & 0.9960 in extension. Alternative scenario Above 1.0005 look for further upside with 1.0025 & 1.0045 as targets...
Pivot (invalidation): 112.60 Our preference Short positions below 112.60 with targets at 112.20 & 112.05 in extension. Alternative scenario Above 112.60 look for further upside with 112.85 & 113.10 as targets...
Pivot (invalidation): 1.2980 Our preference Long positions above 1.2980 with targets at 1.3050 & 1.3080 in extension. Alternative scenario Below 1.2980 look for further downside with 1.2955 & 1.2915 as targets...
Pivot (invalidation): 1.1615 Our preference Long positions above 1.1615 with targets at 1.1665 & 1.1700 in extension. Alternative scenario Below 1.1615 look for further downside with 1.1595 & 1.1575 as targets...
COSMIC DIVINER TREND ENTRY by LATAlab This multicurrency strategy simultaneously determines the strength of the trends, entry points and the take profit levels for each trade...
EURUSD: The pair looks to extend its weakness as it continues to press lower. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1...
Despite May 3-month unemployment data given at 1975 low (4.20%), sterling dropped against its major peers amid disappointing wage growth and mounting uncertainties relating to yesterday’s parliamentary vote...
Cryptocurrencies surged across the board on Tuesday evening as Bitcoin crossed the $7,000 threshold for the first time in the last four weeks. During the Asian session, the largest cryptocurrency by market capitalisation hit $7,543 as it added $780 (+11.60%) in less than 10 hours...
US stock indices save the positive dynamics after the Fed head Jerome Powell on Tuesday gave a positive assessment of the current state of the American economy...
EURJPY: The pair continues to retain its broader uptrend as it looks to extend that upside pressure. Support comes in at the 131.00 level where a break if seen will aim at the 130.50 level. A cut through here will turn focus to the 130.00 level and possibly lower towards the 129.50 level...
