The Dollar drives the market Today we can clearly see that the USD is in the lead. Almost all majors are perfectly in-line and the USD continues to gain strength against all other currencies...
Pivot (invalidation): 52.20 Our preference Short positions below 52.20 with targets at 51.35 & 50.90 in extension. Alternative scenario...
Pivot (invalidation): 17.7600 Our preference Long positions above 17.7600 with targets at 18.0000 & 18.1200 in extension. Alternative scenario...
Pivot (invalidation): 1582.00 Our preference Long positions above 1582.00 with targets at 1590.00 & 1594.00 in extension. Alternative scenario...
Pivot (invalidation): 3397.00 Our preference Short positions below 3397.00 with targets at 3355.00 & 3341.00 in extension. Alternative scenario...
Pivot (invalidation): 13660.00 Our preference Long positions above 13660.00 with targets at 13840.00 & 13930.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0400 Our preference Long positions above 6.0400 with targets at 6.0580 & 6.0670 in extension. Alternative scenario...
Pivot (invalidation): 0.6705 Our preference Short positions below 0.6705 with targets at 0.6680 & 0.6670 in extension. Alternative scenario...
Pivot (invalidation): 1.3235 Our preference Long positions above 1.3235 with targets at 1.3260 & 1.3270 in extension. Alternative scenario...
Pivot (invalidation): 109.85 Our preference Short positions below 109.85 with targets at 109.60 & 109.50 in extension. Alternative scenario...
Pivot (invalidation): 0.9815 Our preference Short positions below 0.9815 with targets at 0.9790 & 0.9780 in extension. Alternative scenario...
Pivot (invalidation): 1.3020 Our preference Short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension. Alternative scenario...
Pivot (invalidation): 1.0840 Our preference Short positions below 1.0840 with targets at 1.0815 & 1.0800 in extension. Alternative scenario...
Waiting for the breakout The CAD was able to gain significant strength during the last days. As a result USDCAD is about to break it's current BUY trend on D1...
Asian equities made a mixed start to the week. Nikkei (-0.69%) and Topix (-0.89%) sold off as the Japanese GDP shrank 1.6% in the fourth quarter versus -1% expected by analysts and +0.4% printed a quarter earlier...
Pivot (invalidation): 51.60 Our preference Long positions above 51.60 with targets at 52.40 & 52.75 in extension. Alternative scenario...
Pivot (invalidation): 17.7200 Our preference Long positions above 17.7200 with targets at 17.9400 & 18.0300 in extension. Alternative scenario...
Pivot (invalidation): 1578.00 Our preference Long positions above 1578.00 with targets at 1585.00 & 1590.00 in extension. Alternative scenario...
Pivot (invalidation): 3355.00 Our preference Long positions above 3355.00 with targets at 3397.00 & 3410.00 in extension. Alternative scenario...
