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US stocks gained for the fifth straight day, after the rally in Shanghai boosted the risk sentiment across the global stock markets on Monday. Nasdaq hit a fresh record, as Amazon traded above the 3000 handle for the first time on increased demand for its ecommerce and cloud-computing services...
Pivot (invalidation): 40.15 Our preference Long positions above 40.15 with targets at 40.75 & 41.10 in extension. Alternative scenario Below 40.15 look for further downside with 39.85 & 39.45 as targets...
Pivot (invalidation): 18.1500 Our preference Long positions above 18.1500 with targets at 18.4000 & 18.5300 in extension. Alternative scenario Below 18.1500 look for further downside with 18.0600 & 17.9500 as targets...
Pivot (invalidation): 1778.00 Our preference Long positions above 1778.00 with targets at 1789.00 & 1797.00 in extension. Alternative scenario Below 1778.00 look for further downside with 1774.00 & 1770.00 as targets...
Pivot (invalidation): 3153.00 Our preference Long positions above 3153.00 with targets at 3195.00 & 3225.00 in extension. Alternative scenario Below 3153.00 look for further downside with 3125.00 & 3086.00 as targets...
Pivot (invalidation): 12612.00 Our preference Long positions above 12612.00 with targets at 12840.00 & 12913.00 in extension. Alternative scenario Below 12612.00 look for further downside with 12525.00 & 12440.00 as targets...
Pivot (invalidation): 6.8650 Our preference Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension. Alternative scenario Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets...
Pivot (invalidation): 0.6990 Our preference Short positions below 0.6990 with targets at 0.6950 & 0.6920 in extension. Alternative scenario Above 0.6990 look for further upside with 0.7010 & 0.7035 as targets...
Pivot (invalidation): 1.3520 Our preference Long positions above 1.3520 with targets at 1.3565 & 1.3580 in extension. Alternative scenario Below 1.3520 look for further downside with 1.3500 & 1.3480 as targets...
Pivot (invalidation): 0.9405 Our preference Long positions above 0.9405 with targets at 0.9435 & 0.9450 in extension. Alternative scenario Below 0.9405 look for further downside with 0.9380 & 0.9360 as targets...
Pivot (invalidation): 107.50 Our preference Short positions below 107.50 with targets at 107.20 & 107.05 in extension. Alternative scenario Above 107.50 look for further upside with 107.65 & 107.80 as targets...
Pivot (invalidation): 1.2520 Our preference Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension. Alternative scenario Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets...
Pivot (invalidation): 1.1330 Our preference Short positions below 1.1330 with targets at 1.1300 & 1.1280 in extension. Alternative scenario Above 1.1330 look for further upside with 1.1345 & 1.1360 as targets...
The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again. BUY EURUSD @1.1290-70 Target- 1.1350 Sl: 1.1250 Good luck...
Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51358 (All Timeframes - Additional Pattern Codes) Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51483 (FREE Version...
Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51358 (All Timeframes - Additional Pattern Codes) Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51483 (FREE Version...
The 4-hour right side is down with a bearish sequence against the 6/10/20 highs at 1.2823 . The 1 hour is turning up against 1.2249. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows. Sell GBPUSD @1.2500-1.2530 TP: 1.2410 SL: 1.2560 Good luck...
In the FX, the US dollar index slipped below the 97 mark. The EURUSD sees firm support on the back of a solid risk appetite and signs of compromise from the frugal four on the proposed 750-billion-euro fiscal rescue package before the July 9 Eurogroup meeting...
Asian stocks kicked off the week on a strong positive note; hopes for more policy support being pretty much the only explanation to the early week optimism. Shanghai’s Composite jumped more than 4% on a sudden peak in trading volumes, the Hang Seng rose 3.45...
