AUDCHF - Story 1. We have broken down a range with volume and found support on a previous support which also happens to be a Fib 2. We are going up with High Volume but not the respective pip move 3. Fib ahead 4. Another Fib a bit higher from 3...
These are the reasons why EJ should go down. 1. Hit the Fib area with a false break on 61.8 with a very fast move Low Speed index of 6.1 2. The way to the Fib was not that easy - Speed Index of 26.6 3. First Push down with volume and a High Speed Index of 27.6 4. High Speed Index of 36...
AU - This is why AU broke support. 1. First down wave with high volume at top after a false break of resistance 2. Easy down move on US news on Friday with down volume 3. Enormous up volume but without the respective pip move with 4. High Speed Index of 30...
USDJPY targets the 109.10 resistance area as it look for price extension. On the upside, resistance comes in at 109.50 level. Above this level will turn attention to the 110.00 level. Further out, we expect a possible move towards the 110.50 level...
Pivot (invalidation): 58.00 Our preference Short positions below 58.00 with targets at 56.95 & 56.45 in extension. Alternative scenario Above 58.00 look for further upside with 58.45 & 58.85 as targets...
Pivot (invalidation): 15.0700 Our preference Short positions below 15.0700 with targets at 14.9400 & 14.8800 in extension. Alternative scenario Above 15.0700 look for further upside with 15.1200 & 15.1700 as targets...
Pivot (invalidation): 1401.00 Our preference Short positions below 1401.00 with targets at 1386.50 & 1381.50 in extension. Alternative scenario Above 1401.00 look for further upside with 1407.50 & 1416.00 as targets...
Pivot (invalidation): 2984.00 Our preference Short positions below 2984.00 with targets at 2968.00 & 2958.00 in extension. Alternative scenario Above 2984.00 look for further upside with 2994.00 & 3001.00 as targets...
Pivot (invalidation): 12600.00 Our preference Short positions below 12600.00 with targets at 12487.00 & 12440.00 in extension. Alternative scenario Above 12600.00 look for further upside with 12650.00 & 12690.00 as targets...
Pivot (invalidation): 5.6990 Our preference Long positions above 5.6990 with targets at 5.7630 & 5.7860 in extension. Alternative scenario Below 5.6990 look for further downside with 5.6640 & 5.6380 as targets...
Pivot (invalidation): 0.6980 Our preference Short positions below 0.6980 with targets at 0.6940 & 0.6920 in extension. Alternative scenario Above 0.6980 look for further upside with 0.6995 & 0.7010 as targets...
Pivot (invalidation): 1.3080 Our preference Long positions above 1.3080 with targets at 1.3115 & 1.3135 in extension. Alternative scenario Below 1.3080 look for further downside with 1.3065 & 1.3045 as targets...
Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9960 & 0.9980 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9895 & 0.9880 as targets...
Pivot (invalidation): 108.60 Our preference Long positions above 108.60 with targets at 109.00 & 109.15 in extension. Alternative scenario Below 108.60 look for further downside with 108.40 & 108.25 as targets...
Pivot (invalidation): 1.2530 Our preference Short positions below 1.2530 with targets at 1.2500 & 1.2480 in extension. Alternative scenario Above 1.2530 look for further upside with 1.2540 & 1.2560 as targets...
Pivot (invalidation): 1.1225 Our preference Short positions below 1.1225 with targets at 1.1205 & 1.1190 in extension. Alternative scenario Above 1.1225 look for further upside with 1.1235 & 1.1255 as targets...
GBPUSD decline envisaged towards 1.2522 level as we expect more weakness to occur in the days ahead. Support comes in at 1.2500 with a turn below that level shifting focus to the 1.2450 level. Further down, support resides at the 1.2400 level where a break will turn attention to the 1.2350 level...
Pivot (invalidation): 56.95 Our preference Long positions above 56.95 with targets at 58.10 & 58.85 in extension. Alternative scenario Below 56.95 look for further downside with 56.45 & 56.05 as targets...
Pivot (invalidation): 14.9200 Our preference Long positions above 14.9200 with targets at 15.1000 & 15.1800 in extension. Alternative scenario Below 14.9200 look for further downside with 14.8400 & 14.7600 as targets...
