GOLD rejects higher prices and looks to weaken further lower in the new week. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level...
Looking at the first EUR/USD daily chart we can see that the currency pair was in an ascending channel formation, and price broke below, then retraced, and broke below again making a lower low. This could indicate the downward trend resuming...
EURUSD outlook remains higher on more strength as it eyes price extension. Support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1...
First, a review of last week’s events: - EUR/USD. For almost the entire week, the pair stayed where it had been repeatedly a week, a month, and two or three months ago. Apart from the rare short-term breakthroughs, the pair cannot break out of the medium-term corridor 1.1300-1.1500...
China needs some good news. Judging from incoming data China’s economy has lost significant momentum. The bright side is that US-China trade discussions are making progress...
Pivot (invalidation): 57.20 Our preference Short positions below 57.20 with targets at 56.60 & 56.10 in extension. Alternative scenario Above 57.20 look for further upside with 57.60 & 58.00 as targets...
Pivot (invalidation): 15.9100 Our preference Short positions below 15.9100 with targets at 15.7600 & 15.6700 in extension. Alternative scenario Above 15.9100 look for further upside with 15.9800 & 16.0400 as targets...
Pivot (invalidation): 1332.00 Our preference Short positions below 1332.00 with targets at 1321.00 & 1314.00 in extension. Alternative scenario Above 1332.00 look for further upside with 1336.00 & 1341.00 as targets...
Pivot (invalidation): 2785.00 Our preference Short positions below 2785.00 with targets at 2763.00 & 2750.00 in extension. Alternative scenario Above 2785.00 look for further upside with 2795.00 & 2810.00 as targets...
Pivot (invalidation): 11310.00 Our preference Long positions above 11310.00 with targets at 11490.00 & 11560.00 in extension. Alternative scenario Below 11310.00 look for further downside with 11238.00 & 11170.00 as targets...
Pivot (invalidation): 5.3410 Our preference Short positions below 5.3410 with targets at 5.3040 & 5.2900 in extension. Alternative scenario Above 5.3410 look for further upside with 5.3630 & 5.3870 as targets...
Pivot (invalidation): 0.7115 Our preference Short positions below 0.7115 with targets at 0.7065 & 0.7050 in extension. Alternative scenario Above 0.7115 look for further upside with 0.7140 & 0.7165 as targets...
Pivot (invalidation): 1.3215 Our preference Long positions above 1.3215 with targets at 1.3245 & 1.3280 in extension. Alternative scenario Below 1.3215 look for further downside with 1.3195 & 1.3160 as targets...
Pivot (invalidation): 1.0020 Our preference Short positions below 1.0020 with targets at 0.9995 & 0.9980 in extension. Alternative scenario Above 1.0020 look for further upside with 1.0035 & 1.0060 as targets...
Pivot (invalidation): 110.85 Our preference Short positions below 110.85 with targets at 110.60 & 110.45 in extension. Alternative scenario Above 110.85 look for further upside with 110.95 & 111.10 as targets...
Pivot (invalidation): 1.3065 Our preference Short positions below 1.3065 with targets at 1.3015 & 1.2980 in extension. Alternative scenario Above 1.3065 look for further upside with 1.3095 & 1.3135 as targets...
Pivot (invalidation): 1.1350 Our preference Short positions below 1.1350 with targets at 1.1320 & 1.1300 in extension. Alternative scenario Above 1.1350 look for further upside with 1.1370 & 1.1390 as targets...
ProfitMACD is very similar to classic MACD in appearance and its functions. However, ProfitMACD is based on completely new algorithms (for example, it has only one averaging period) and is more robust, especially on small timeframes, since it filters random price walks...
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