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Elsewhere, the European July inflation figures are expected to print negative numbers in July despite business reopening and normalisation. The Australian unemployment rate rose to 7.5% in July, the highest since November 1998, as the number of unemployed skyrocketed from 15...
Market News
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Jiming Huang, 13 August 2020, 09:40
The downside correction in US technology stocks didn’t last long. Nasdaq rebounded more than 2% on Wednesday, and the S&P500 (+1.40%) traded above the all-time closing high completing a full circle to return to its pre-Covid levels. Apple (+3...
Market News
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Jiming Huang, 13 August 2020, 09:39
Pivot (invalidation): 42.15 Our preference Long positions above 42.15 with targets at 42.90 & 43.25 in extension. Alternative scenario Below 42.15 look for further downside with 41.80 & 41.50 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:36
Pivot (invalidation): 24.8500 Our preference Long positions above 24.8500 with targets at 26.7500 & 27.4000 in extension. Alternative scenario Below 24.8500 look for further downside with 24.1000 & 23.4000 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:36
Pivot (invalidation): 1906.00 Our preference Long positions above 1906.00 with targets at 1970.00 & 1995.00 in extension. Alternative scenario Below 1906.00 look for further downside with 1880.00 & 1863.00 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:35
Pivot (invalidation): 3363.00 Our preference Long positions above 3363.00 with targets at 3400.00 & 3415.00 in extension. Alternative scenario Below 3363.00 look for further downside with 3327.00 & 3306.00 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:34 #S&P 500
Pivot (invalidation): 12970.00 Our preference Long positions above 12970.00 with targets at 13160.00 & 13215.00 in extension. Alternative scenario Below 12970.00 look for further downside with 12900.00 & 12800.00 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:33 #dax
Pivot (invalidation): 7.2650 Our preference Long positions above 7.2650 with targets at 7.3650 & 7.4000 in extension. Alternative scenario Below 7.2650 look for further downside with 7.2220 & 7.1750 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:32
Pivot (invalidation): 0.7155 Our preference Long positions above 0.7155 with targets at 0.7190 & 0.7200 in extension. Alternative scenario Below 0.7155 look for further downside with 0.7140 & 0.7120 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:31
Pivot (invalidation): 1.3265 Our preference Short positions below 1.3265 with targets at 1.3225 & 1.3195 in extension. Alternative scenario Above 1.3265 look for further upside with 1.3290 & 1.3315 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:30 #usd/cad
Pivot (invalidation): 0.9125 Our preference Short positions below 0.9125 with targets at 0.9095 & 0.9080 in extension. Alternative scenario Above 0.9125 look for further upside with 0.9140 & 0.9160 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:29
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3095 & 1.3120 in extension. Alternative scenario Below 1.3035 look for further downside with 1.3020 & 1.3000 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:29 #GBP/USD
Pivot (invalidation): 106.95 Our preference Short positions below 106.95 with targets at 106.45 & 106.20 in extension. Alternative scenario Above 106.95 look for further upside with 107.15 & 107.30 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:29 #usd/jpy
Pivot (invalidation): 1.1775 Our preference Long positions above 1.1775 with targets at 1.1835 & 1.1850 in extension. Alternative scenario Below 1.1775 look for further downside with 1.1760 & 1.1740 as targets...
Analytics & Forecasts
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Jiming Huang, 13 August 2020, 09:18 #EUR/USD
Yesterday the EUR / USD pair was trading higher and closed the day in positive territory around $ 1.1785. The pair has also increased slightly today, rising to $ 1.1815. On the hourly chart, EUR / USD is testing resistance - the MA (200) H1 ($ 1.1790) moving average line...
Analytics & Forecasts
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[Deleted], 13 August 2020, 08:38
Hello, If you are not already familiar with First Signal Pro , you can find more details here: https://www.mql5...
Other
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HIRALKUMARI SANTOSHKUMAR VALAND, 13 August 2020, 06:41
Yesterday the USD / CAD pair was trading lower and closed the day in the red zone near the price of C $ 1.3295. Today the pair rallied slightly, rising to the C $ 1.3345 mark. On the hourly chart, USD / CAD is still trading below the moving average MA line (200) H1 (C $ 1.4345...
Analytics & Forecasts
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[Deleted], 12 August 2020, 12:04
Yesterday the GBP / USD pair was trading lower and closed the day in the red around the $ 1.3045 price. Today the pair also dropped slightly, dropping to $ 1.3020. On the hourly chart, GBP / USD has broken and consolidated below the MA line (200) H1 ($ 1.3090...
Analytics & Forecasts
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[Deleted], 12 August 2020, 11:05
The EURUSD fell to 1.1711 on the back of a sudden pop in the US dollar and has potential to extend losses toward the 1.1640 handle, the minor 23.6% retracement on March – August rebound. In the absence of major events in Europe and the US today, the pair should follow the dollar’s lead...
Market News
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Jiming Huang, 12 August 2020, 09:23 #gold
US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq 1...
Market News
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Jiming Huang, 12 August 2020, 09:23