First, a review of last week’s events: - EUR/USD. The pair collapsed on Thursday, March 7, after the ECB announced that it was not worth waiting for the increase in interest rates this autumn. The earliest when this can happen is 2020...
USDCHF risk remains higher with eyes on the 1.0127 zone as it expects more strength in the new week towards its key resistance. Resistance stands at the 1.0150 level. A break of there will clear the way for a run at the 1.0200 level. Above here, resistance lies at the 1.0150 level and then the 1...
If you are trading EURUSD then this daily chart should sum all the action and the risk involved. Downside momentum actively affecting the market, upside market seen as correction for the big picture of the pair...
Pivot (invalidation): 56.15 Our preference Long positions above 56.15 with targets at 56.75 & 57.00 in extension. Alternative scenario Below 56.15 look for further downside with 55.80 & 55.40 as targets...
Pivot (invalidation): 15.1000 Our preference Short positions below 15.1000 with targets at 14.9600 & 14.8800 in extension. Alternative scenario Above 15.1000 look for further upside with 15.1600 & 15.2700 as targets...
Pivot (invalidation): 1291.00 Our preference Short positions below 1291.00 with targets at 1280.50 & 1276.00 in extension. Alternative scenario Above 1291.00 look for further upside with 1294.50 & 1297.00 as targets...
Pivot (invalidation): 2761.50 Our preference Short positions below 2761.50 with targets at 2730.00 & 2710.50 in extension. Alternative scenario Above 2761.50 look for further upside with 2780.00 & 2796.75 as targets...
Pivot (invalidation): 11609.00 Our preference Short positions below 11609.00 with targets at 11452.00 & 11416.00 in extension. Alternative scenario Above 11609.00 look for further upside with 11679.00 & 11729.00 as targets...
Pivot (invalidation): 5.4450 Our preference Long positions above 5.4450 with targets at 5.4810 & 5.5060 in extension. Alternative scenario Below 5.4450 look for further downside with 5.4220 & 5.3930 as targets...
Pivot (invalidation): 0.7030 Our preference Short positions below 0.7030 with targets at 0.7000 & 0.6985 in extension. Alternative scenario Above 0.7030 look for further upside with 0.7050 & 0.7065 as targets...
Pivot (invalidation): 1.3405 Our preference Long positions above 1.3405 with targets at 1.3505 & 1.3530 in extension. Alternative scenario Below 1.3405 look for further downside with 1.3370 & 1.3330 as targets...
Pivot (invalidation): 1.0080 Our preference Long positions above 1.0080 with targets at 1.0130 & 1.0160 in extension. Alternative scenario Below 1.0080 look for further downside with 1.0055 & 1.0030 as targets...
Pivot (invalidation): 111.65 Our preference Short positions below 111.65 with targets at 111.30 & 111.00 in extension. Alternative scenario Above 111.65 look for further upside with 111.85 & 112.00 as targets...
Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3065 & 1.3050 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3155 & 1.3185 as targets...
Pivot (invalidation): 1.1230 Our preference Short positions below 1.1230 with targets at 1.1175 & 1.1130 in extension. Alternative scenario Above 1.1230 look for further upside with 1.1290 & 1.1325 as targets...
Pivot (invalidation): 55.80 Our preference Long positions above 55.80 with targets at 56.75 & 57.20 in extension. Alternative scenario Below 55.80 look for further downside with 55.40 & 55.00 as targets...
s Pivot (invalidation): 15.1600 Our preference Short positions below 15.1600 with targets at 14.9800 & 14.9000 in extension. Alternative scenario...
Pivot (invalidation): 1291.00 Our preference Short positions below 1291.00 with targets at 1283.50 & 1281.00 in extension. Alternative scenario Above 1291.00 look for further upside with 1294.50 & 1297.00 as targets...
Pivot (invalidation): 2796.75 Our preference Short positions below 2796.75 with targets at 2764.00 & 2740.00 in extension. Alternative scenario Above 2796.75 look for further upside with 2816.50 & 2830.00 as targets...
