GBPUSD declines on bear pressure with eyes on 1.2014 zone in the days ahead. Support lies at 1.2014/00 area with a break below that level turning attention to the 1.1950 level. Further down, support lies at the 1.1900 level where a violation will shift focus to the 1.1850 level...
Markets appear muted as the US enjoys its Labor Day extended weekend. Indeed, the implementation of tariffs by both major economies definitely appears to be ignored by financial markets, which are trading in positive territory...
Pivot (invalidation): 55.30 Our preference Short positions below 55.30 with targets at 54.50 & 54.00 in extension. Alternative scenario...
Pivot (invalidation): 18.4700 Our preference Short positions below 18.4700 with targets at 18.1400 & 18.0200 in extension. Alternative scenario...
Pivot (invalidation): 1530.50 Our preference Short positions below 1530.50 with targets at 1517.00 & 1509.00 in extension. Alternative scenario...
Pivot (invalidation): 2940.00 Our preference Short positions below 2940.00 with targets at 2900.00 & 2878.00 in extension. Alternative scenario...
Pivot (invalidation): 11985.00 Our preference Short positions below 11985.00 with targets at 11840.00 & 11760.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8280 Our preference Long positions above 5.8280 with targets at 5.8500 & 5.8590 in extension. Alternative scenario...
Pivot (invalidation): 0.6715 Our preference Long positions above 0.6715 with targets at 0.6740 & 0.6755 in extension. Alternative scenario...
Pivot (invalidation): 1.3300 Our preference Long positions above 1.3300 with targets at 1.3335 & 1.3355 in extension. Alternative scenario...
Pivot (invalidation): 0.9875 Our preference Long positions above 0.9875 with targets at 0.9915 & 0.9935 in extension. Alternative scenario...
Pivot (invalidation): 106.40 Our preference Short positions below 106.40 with targets at 105.90 & 105.60 in extension...
Pivot (invalidation): 1.2170 Our preference Short positions below 1.2170 with targets at 1.2140 & 1.2120 in extension...
Pivot (invalidation): 1.1010 Our preference Short positions below 1.1010 with targets at 1.0980 & 1.0960 in extension...
GOLD faces pullback threats on price rejection as we enter a new week. On the downside, support comes in at the 1,510.00 level where a break will turn attention to the 1,500.00 level. Further down, a cut through here will open the door for a move lower towards the 1,490.00 level...
EURUSD Broader Bias Remains Lower Medium Term...
First, a review of last week’s events: - EUR/USD. As we expected, the negotiations of the G7 countries on August 24-26 did not affect the foreign exchange market in any way...
USDCHF bull pressure eyes the 0.9974 resistance zone in the new week. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level...
GOLD trades below key support on correction as it remains vulnerable. On the downside, support comes in at the 1,520.00 level where a break will turn attention to the 1,510.00 level. Further down, a cut through here will open the door for a move lower towards the 1,500.00 level...
