First, a review of last week’s events: - EUR/USD. Starting from November 29, 2019, the pair moved along the ascending channel. On December 31, it reached the upper limit of the channel at 1.1240, and then changed direction and on January 08, it broke through the lower limit of the channel at 1...
CURRENCY STRENGTH OVERVIEW TODAY Market strong movement in middle timeframes gives many opportunity for scalpers today...
he pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.76 lows where the hourly is turning up the pair can see the 111.00 -111...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.66 where the hourly is turning down...
Pivot (invalidation): 58.20 Our preference Long positions above 58.20 with targets at 58.85 & 59.20 in extension. Alternative scenario...
Pivot (invalidation): 18.0400 Our preference Short positions below 18.0400 with targets at 17.8500 & 17.7600 in extension. Alternative scenario...
Pivot (invalidation): 1555.50 Our preference Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension. Alternative scenario...
Pivot (invalidation): 3299.00 Our preference Long positions above 3299.00 with targets at 3329.00 & 3337.00 in extension. Alternative scenario...
Pivot (invalidation): 13490.00 Our preference Short positions below 13490.00 with targets at 13360.00 & 13330.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8650 Our preference Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension. Alternative scenario...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension. Alternative scenario...
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension. Alternative scenario...
Pivot (invalidation): 0.9635 Our preference Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension. Alternative scenario...
Pivot (invalidation): 110.05 Our preference Long positions above 110.05 with targets at 110.35 & 110.50 in extension. Alternative scenario...
Pivot (invalidation): 1.3055 Our preference Long positions above 1.3055 with targets at 1.3090 & 1.3105 in extension. Alternative scenario...
Pivot (invalidation): 1.1145 Our preference Short positions below 1.1145 with targets at 1.1125 & 1.1115 in extension. Alternative scenario...
A second wave (x) ended at 1.2532 on 2/16/18 where the weekly is turning down and the daily right side is down. Down from there wave a ended at 1.0877 on 10/1/19 where the 4 hour is turning up. From there a wave ((W)) is in place at the 1.1239 highs from 12/31/19 where the hourly is turning down...
Pivot (invalidation): 58.35 Our preference Short positions below 58.35 with targets at 57.75 & 57.35 in extension. Alternative scenario...
