GOLD eyes further recovery pressure as it closed higher the past week. On the downside, support sits at the 1,500.00 level where a break will turn focus to the 1,490.00 level. Further down, a cut through here will open the door for a move decline towards the 1,480.00 level...
EURUSD with a halt in price occurring on Friday, more strength is expected in the new week. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800...
First, a review of last week’s events: - EUR/USD. Most experts (55%) expected a correction of the pair up to the zone of 1.1000. This scenario was also supported by 15% of the oscillators on D1 and W1, giving clear signals about the pair being oversold...
Pivot (invalidation): 52.90 Our preference Short positions below 52.90 with targets at 51.85 & 51.40 in extension. Alternative scenario...
Pivot (invalidation): 17.5100 Our preference Long positions above 17.5100 with targets at 17.7100 & 17.7900 in extension. Alternative scenario...
Pivot (invalidation): 1503.00 Our preference Long positions above 1503.00 with targets at 1514.00 & 1519.50 in extension. Alternative scenario...
Pivot (invalidation): 2893.00 Our preference Long positions above 2893.00 with targets at 2925.00 & 2939.00 in extension. Alternative scenario...
Pivot (invalidation): 12060.00 Our preference Short positions below 12060.00 with targets at 11860.00 & 11760.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7000 Our preference Short positions below 5.7000 with targets at 5.6830 & 5.6740 in extension. Alternative scenario...
Pivot (invalidation): 0.6740 Our preference Long positions above 0.6740 with targets at 0.6765 & 0.6780 in extension. Alternative scenario...
Pivot (invalidation): 1.3315 Our preference Long positions above 1.3315 with targets at 1.3345 & 1.3365 in extension. Alternative scenario...
Pivot (invalidation): 1.0000 Our preference Short positions below 1.0000 with targets at 0.9965 & 0.9950 in extension. Alternative scenario...
Pivot (invalidation): 107.00 Our preference Short positions below 107.00 with targets at 106.65 & 106.45 in extension. Alternative scenario...
Pivot (invalidation): 1.2325 Our preference Long positions above 1.2325 with targets at 1.2375 & 1.2410 in extension. Alternative scenario...
Pivot (invalidation): 1.0960 Our preference Long positions above 1.0960 with targets at 1.1000 & 1.1025 in extension. Alternative scenario...
GBPUSD rallied on Thursday as it followed through higher on the back of its Wednesday gain. Support lies at 1.2350 area with a break below that level turning attention to the 1.2300 level. Further down, support lies at the 1.2250 level where a violation will shift focus to the 1.2200 level...
Pivot (invalidation): 53.50 Our preference Short positions below 53.50 with targets at 52.15 & 51.70 in extension. Alternative scenario...
Pivot (invalidation): 17.4800 Our preference Long positions above 17.4800 with targets at 17.6700 & 17.7600 in extension. Alternative scenario...
Pivot (invalidation): 1493.00 Our preference Long positions above 1493.00 with targets at 1505.00 & 1511.00 in extension. Alternative scenario...
