USDCHF closed lower on bearish pressure the past week, opening the door for more decline. Resistance resides at the 1.0050 level. Above here, resistance lies at the 1.0100 level and then the 1.0250 level. Further out, resistance comes in at the 1.0150 level...
First, a review of last week’s events: - EUR/USD. Complaints and sometimes even moans have been heard everywhere in the last months about the low volatility of this pair...
Pivot (invalidation): 58.80 Our preference Short positions below 58.80 with targets at 58.00 & 57.35 in extension. Alternative scenario Above 58.80 look for further upside with 59.45 & 60.30 as targets...
Pivot (invalidation): 14.5300 Our preference Long positions above 14.5300 with targets at 14.6400 & 14.7100 in extension. Alternative scenario Below 14.5300 look for further downside with 14.4800 & 14.4000 as targets...
Pivot (invalidation): 1280.00 Our preference Long positions above 1280.00 with targets at 1287.00 & 1291.00 in extension. Alternative scenario Below 1280.00 look for further downside with 1277.00 & 1274.50 as targets...
Pivot (invalidation): 2837.00 Our preference Short positions below 2837.00 with targets at 2802.00 & 2791.00 in extension. Alternative scenario Above 2837.00 look for further upside with 2851.50 & 2868.50 as targets...
Pivot (invalidation): 12030.00 Our preference Short positions below 12030.00 with targets at 11845.00 & 11800.00 in extension. Alternative scenario Above 12030.00 look for further upside with 12095.00 & 12170.00 as targets...
Pivot (invalidation): 6.0900 Our preference Long positions above 6.0900 with targets at 6.1450 & 6.1650 in extension. Alternative scenario Below 6.0900 look for further downside with 6.0650 & 6.0420 as targets...
Pivot (invalidation): 0.6880 Our preference Long positions above 0.6880 with targets at 0.6905 & 0.6925 in extension. Alternative scenario Below 0.6880 look for further downside with 0.6865 & 0.6850 as targets...
Pivot (invalidation): 1.3455 Our preference Long positions above 1.3455 with targets at 1.3500 & 1.3515 in extension. Alternative scenario Below 1.3455 look for further downside with 1.3435 & 1.3415 as targets...
Pivot (invalidation): 1.0060 Our preference Short positions below 1.0060 with targets at 1.0020 & 1.0005 in extension. Alternative scenario Above 1.0060 look for further upside with 1.0080 & 1.0095 as targets...
Pivot (invalidation): 109.80 Our preference Short positions below 109.80 with targets at 109.40 & 109.15 in extension. Alternative scenario Above 109.80 look for further upside with 110.00 & 110.20 as targets...
Pivot (invalidation): 1.2645 Our preference Long positions above 1.2645 with targets at 1.2680 & 1.2700 in extension. Alternative scenario Below 1.2645 look for further downside with 1.2625 & 1.2605 as targets...
Pivot (invalidation): 1.1160 Our preference Long positions above 1.1160 with targets at 1.1200 & 1.1215 in extension. Alternative scenario Below 1.1160 look for further downside with 1.1145 & 1.1130 as targets...
The following lines should give you a deeper insight into the underlying technology of the Netsrac Correlation Trader EA . This text will be edited and supplemented from time to time...
DEAR FRIENDS WELCOME TO MY BLOG. CURRENTLY MARKET IS IN VERY VOLITILE CONDITION AND ALLMOST ALL WILL STOP OUT IN BIG VOLITILE CONDITION. SO HERE I HAVE PUT NEW EA WHICH IS BEST WORKS ON EUR-USD PAID AND GBP-USD PAIR. IF YOU HAVE A CAPITAL OF 1000$ THEN SET EA SETTING TO DEFAULT IN SETTINGS...
Pivot (invalidation): 61.70 Our preference Short positions below 61.70 with targets at 60.80 & 60.15 in extension. Alternative scenario Above 61.70 look for further upside with 62.05 & 62.75 as targets...
Pivot (invalidation): 14.3700 Our preference Long positions above 14.3700 with targets at 14.5000 & 14.5600 in extension. Alternative scenario Below 14.3700 look for further downside with 14.3300 & 14.2800 as targets...
Pivot (invalidation): 1272.00 Our preference Long positions above 1272.00 with targets at 1277.50 & 1279.50 in extension. Alternative scenario Below 1272.00 look for further downside with 1269.50 & 1267.50 as targets...
