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Activity in US and European futures hint at consolidation at the open, but the market direction remains tilted to the upside on the back of a resilient optimism in risk assets...
US stocks gained for the fifth straight day, after the rally in Shanghai boosted the risk sentiment across the global stock markets on Monday. Nasdaq hit a fresh record, as Amazon traded above the 3000 handle for the first time on increased demand for its ecommerce and cloud-computing services...
Pivot (invalidation): 40.15 Our preference Long positions above 40.15 with targets at 40.75 & 41.10 in extension. Alternative scenario Below 40.15 look for further downside with 39.85 & 39.45 as targets...
Pivot (invalidation): 18.1500 Our preference Long positions above 18.1500 with targets at 18.4000 & 18.5300 in extension. Alternative scenario Below 18.1500 look for further downside with 18.0600 & 17.9500 as targets...
Pivot (invalidation): 1778.00 Our preference Long positions above 1778.00 with targets at 1789.00 & 1797.00 in extension. Alternative scenario Below 1778.00 look for further downside with 1774.00 & 1770.00 as targets...
Pivot (invalidation): 3153.00 Our preference Long positions above 3153.00 with targets at 3195.00 & 3225.00 in extension. Alternative scenario Below 3153.00 look for further downside with 3125.00 & 3086.00 as targets...
Pivot (invalidation): 12612.00 Our preference Long positions above 12612.00 with targets at 12840.00 & 12913.00 in extension. Alternative scenario Below 12612.00 look for further downside with 12525.00 & 12440.00 as targets...
Pivot (invalidation): 6.8650 Our preference Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension. Alternative scenario Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets...
Pivot (invalidation): 0.6990 Our preference Short positions below 0.6990 with targets at 0.6950 & 0.6920 in extension. Alternative scenario Above 0.6990 look for further upside with 0.7010 & 0.7035 as targets...
Pivot (invalidation): 1.3520 Our preference Long positions above 1.3520 with targets at 1.3565 & 1.3580 in extension. Alternative scenario Below 1.3520 look for further downside with 1.3500 & 1.3480 as targets...
Pivot (invalidation): 0.9405 Our preference Long positions above 0.9405 with targets at 0.9435 & 0.9450 in extension. Alternative scenario Below 0.9405 look for further downside with 0.9380 & 0.9360 as targets...
Pivot (invalidation): 107.50 Our preference Short positions below 107.50 with targets at 107.20 & 107.05 in extension. Alternative scenario Above 107.50 look for further upside with 107.65 & 107.80 as targets...
Pivot (invalidation): 1.2520 Our preference Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension. Alternative scenario Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets...
Pivot (invalidation): 1.1330 Our preference Short positions below 1.1330 with targets at 1.1300 & 1.1280 in extension. Alternative scenario Above 1.1330 look for further upside with 1.1345 & 1.1360 as targets...
The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again. BUY EURUSD @1.1290-70 Target- 1.1350 Sl: 1.1250 Good luck...
Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51358 (All Timeframes - Additional Pattern Codes) Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51483 (FREE Version...
Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51358 (All Timeframes - Additional Pattern Codes) Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51483 (FREE Version...
The 4-hour right side is down with a bearish sequence against the 6/10/20 highs at 1.2823 . The 1 hour is turning up against 1.2249. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows. Sell GBPUSD @1.2500-1.2530 TP: 1.2410 SL: 1.2560 Good luck...
In the FX, the US dollar index slipped below the 97 mark. The EURUSD sees firm support on the back of a solid risk appetite and signs of compromise from the frugal four on the proposed 750-billion-euro fiscal rescue package before the July 9 Eurogroup meeting...
