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Trading the JPY While scanning all major pairs USDJPY grabbed my attention by providing the clearest trade setup...
WTI crude traded a touch below the $48 mark per barrel. The two-day OPEC meeting starts today. Announcement of lower OPEC production could be the last piece in the puzzle to cement the recovery in the equity markets. But OPEC needs to pay up for that...
US equities coughed to life as the Congress agreed to spend $7.8 billion to combat the coronavirus on Wednesday. This was three times the amount suggested by President Donald Trump, a kind of surprise needed to boost the investor sentiment nowadays...
Pivot (invalidation): 47.75 Our preference Short positions below 47.75 with targets at 46.75 & 46.45 in extension. Alternative scenario...
Pivot (invalidation): 17.0400 Our preference Long positions above 17.0400 with targets at 17.3300 & 17.4700 in extension. Alternative scenario...
Pivot (invalidation): 1631.00 Our preference Long positions above 1631.00 with targets at 1649.00 & 1660.00 in extension. Alternative scenario...
Pivot (invalidation): 3040.00 Our preference Long positions above 3040.00 with targets at 3176.00 & 3256.00 in extension. Alternative scenario...
Pivot (invalidation): 11906.00 Our preference Long positions above 11906.00 with targets at 12200.00 & 12487.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0660 Our preference Long positions above 6.0660 with targets at 6.1200 & 6.1440 in extension. Alternative scenario...
Pivot (invalidation): 0.6600 Our preference Long positions above 0.6600 with targets at 0.6630 & 0.6645 in extension. Alternative scenario...
Pivot (invalidation): 1.3410 Our preference Short positions below 1.3410 with targets at 1.3380 & 1.3365 in extension. Alternative scenario...
Pivot (invalidation): 0.9580 Our preference Short positions below 0.9580 with targets at 0.9545 & 0.9530 in extension. Alternative scenario...
Pivot (invalidation): 107.70 Our preference Short positions below 107.70 with targets at 107.10 & 106.80 in extension. Alternative scenario...
Pivot (invalidation): 1.2850 Our preference Long positions above 1.2850 with targets at 1.2885 & 1.2900 in extension. Alternative scenario...
Pivot (invalidation): 1.1120 Our preference Long positions above 1.1120 with targets at 1.1150 & 1.1175 in extension. Alternative scenario...
Getting in the Groove – Roller Coaster In my recent article discussing the MACD Stochastic Cross I concentrated on the technical theory behind our Roller Coaster trading strategy...
MACD Stochastic Cross Is Not Enough There are a great deal of interpretations of the “MACD Stochastic Cross” trading strategy and the principle is sound if you have the correct time frame to trade...
WTI crude held ground above $46.50 a barrel, as oil traders remained hopeful that OPEC and its allies could offer a satisfying solution to contain the decline in oil prices at their March 5-6 meeting...
US equities tanked 3% following a surprise 50-basis-point cut from the Federal Reserve (Fed) yesterday...
