Pivot (invalidation): 1.3020 Our preference Long positions above 1.3020 with targets at 1.3070 & 1.3085 in extension. Alternative scenario...
Pivot (invalidation): 1.1140 Our preference Long positions above 1.1140 with targets at 1.1165 & 1.1180 in extension. Alternative scenario...
Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up...
The cycle in wave (W) ended at 2.0566 where the 4 hour is turning down. While below the 1.9839 highs where the hourly is turning down the pair can continue lower again to correct the cycle up from the 12/12/2018 lows...
Pivot (invalidation): 58.70 Our preference Short positions below 58.70 with targets at 57.70 & 57.20 in extension. Alternative scenario...
Pivot (invalidation): 17.6900 Our preference Long positions above 17.6900 with targets at 17.9200 & 18.0300 in extension. Alternative scenario...
Pivot (invalidation): 1546.00 Our preference Long positions above 1546.00 with targets at 1556.00 & 1562.00 in extension. Alternative scenario...
Pivot (invalidation): 3275.00 Our preference Long positions above 3275.00 with targets at 3294.00 & 3300.00 in extension. Alternative scenario...
Pivot (invalidation): 13400.00 Our preference Long positions above 13400.00 with targets at 13503.00 & 13550.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8740 Our preference Long positions above 5.8740 with targets at 5.8930 & 5.9010 in extension. Alternative scenario...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6880 & 0.6865 in extension. Alternative scenario...
Pivot (invalidation): 1.3075 Our preference Short positions below 1.3075 with targets at 1.3045 & 1.3030 in extension. Alternative scenario...
Pivot (invalidation): 0.9690 Our preference Short positions below 0.9690 with targets at 0.9660 & 0.9640 in extension. Alternative scenario...
Pivot (invalidation): 110.10 Our preference Short positions below 110.10 with targets at 109.80 & 109.60 in extension. Alternative scenario...
Pivot (invalidation): 1.3010 Our preference Long positions above 1.3010 with targets at 1.3035 & 1.3050 in extension. Alternative scenario...
Pivot (invalidation): 1.1120 Our preference Long positions above 1.1120 with targets at 1.1135 & 1.1145 in extension. Alternative scenario...
The pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down...
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 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows...
CURRENCY STRENGTH OVERVIEW TODAY CHF continues to be bullish in most timeframes. Make now attention it is overbought in lower timeframes (yellow color for currency strength), pullbacks are likely...
