5 reasons why US30 will go down: 1. Hit major Resistance coming from Daily + Weekly 2. First Push down with High Speed Index 79.4 3. Fake Break 4. High up volume with almost no pip move - Speed Index 153.1 - nothing like that on the entire chart...
GOLD bull pressure looks to continue following its recent strength. On the downside, support comes in at the 1,430.00 level where a break will turn attention to the 1,420.00 level. Further down, a cut through here will open the door for a move lower towards the 1,410.00 level...
Pivot (invalidation): 58.00 Our preference Short positions below 58.00 with targets at 56.70 & 56.05 in extension. Alternative scenario Above 58.00 look for further upside with 58.60 & 59.10 as targets...
Pivot (invalidation): 15.3600 Our preference Long positions above 15.3600 with targets at 15.5500 & 15.6100 in extension. Alternative scenario Below 15.3600 look for further downside with 15.3000 & 15.2500 as targets...
Pivot (invalidation): 1413.00 Our preference Long positions above 1413.00 with targets at 1430.00 & 1437.50 in extension. Alternative scenario Below 1413.00 look for further downside with 1409.00 & 1402.00 as targets...
Pivot (invalidation): 2930.00 Our preference Long positions above 2930.00 with targets at 2973.00 & 2990.00 in extension...
Pivot (invalidation): 12360.00 Our preference Short positions below 12360.00 with targets at 12220.00 & 12120.00 in extension. Alternative scenario Above 12360.00 look for further upside with 12420.00 & 12480.00 as targets...
Pivot (invalidation): 5.7750 Our preference Long positions above 5.7750 with targets at 5.8380 & 5.8850 in extension. Alternative scenario Below 5.7750 look for further downside with 5.7350 & 5.7000 as targets...
Pivot (invalidation): 0.6945 Our preference Long positions above 0.6945 with targets at 0.6975 & 0.7000 in extension. Alternative scenario Below 0.6945 look for further downside with 0.6920 & 0.6900 as targets...
Pivot (invalidation): 1.3210 Our preference Short positions below 1.3210 with targets at 1.3170 & 1.3145 in extension. Alternative scenario Above 1.3210 look for further upside with 1.3230 & 1.3255 as targets...
Pivot (invalidation): 0.9745 Our preference Short positions below 0.9745 with targets at 0.9690 & 0.9670 in extension. Alternative scenario Above 0.9745 look for further upside with 0.9780 & 0.9800 as targets...
Pivot (invalidation): 107.45 Our preference Short positions below 107.45 with targets at 106.80 & 106.50 in extension. Alternative scenario Above 107.45 look for further upside with 107.70 & 107.85 as targets...
Pivot (invalidation): 1.2760 Our preference Short positions below 1.2760 with targets at 1.2725 & 1.2705 in extension. Alternative scenario Above 1.2760 look for further upside with 1.2800 & 1.2820 as targets...
Pivot (invalidation): 1.1380 Our preference Long positions above 1.1380 with targets at 1.1420 & 1.1440 in extension. Alternative scenario Below 1.1380 look for further downside with 1.1355 & 1.1330 as targets...
USDJPY still eyes further downside pressure as expect more weakness to occur in the new week. On the upside, resistance comes in at 107.50 level. Above this level will turn attention to the 108.00 level. Further out, we expect a possible move towards the 108.50 level...
Pivot (invalidation): 57.05 Our preference Long positions above 57.05 with targets at 58.50 & 59.20 in extension. Alternative scenario Below 57.05 look for further downside with 56.60 & 56.10 as targets...
Pivot (invalidation): 15.2200 Our preference Long positions above 15.2200 with targets at 15.5500 & 15.6600 in extension. Alternative scenario Below 15.2200 look for further downside with 15.1200 & 15.0500 as targets...
Pivot (invalidation): 1393.00 Our preference Long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension. Alternative scenario Below 1393.00 look for further downside with 1382.50 & 1377.00 as targets...
Pivot (invalidation): 2930.00 Our preference Long positions above 2930.00 with targets at 2973.00 & 2990.00 in extension. Alternative scenario Below 2930.00 look for further downside with 2910.00 & 2897.00 as targets...
