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Today we found a special situation on the USDJPY chart USDJPY is attacking this resistance zone three times during the NY session of the last three days. Today this move starts during the London session which increases the probability of a breakout...
To assess how well the market recovers, we will be closely monitoring two things: the price volatility and the US dollar inflows. First, a 5%-10% daily volatility is bad, regardless of its direction. A 10% jump in asset prices is as worrying as a 10% fall...
US Congress passed the much-expected $2-trillion fiscal stimulus package, the largest in the US history, to fight the coronavirus-induced economic slowdown and to halt the heavy bleeding across the financial markets...
Pivot (invalidation): 23.50 Our preference Long positions above 23.50 with targets at 26.25 & 27.20 in extension. Alternative scenario...
Pivot (invalidation): 14.0400 Our preference Long positions above 14.0400 with targets at 14.7000 & 14.9000 in extension. Alternative scenario...
Pivot (invalidation): 1603.00 Our preference Long positions above 1603.00 with targets at 1643.00 & 1668.00 in extension. Alternative scenario...
Pivot (invalidation): 2300.00 Our preference Long positions above 2300.00 with targets at 2525.00 & 2630.00 in extension. Alternative scenario...
Pivot (invalidation): 9200.00 Our preference Long positions above 9200.00 with targets at 10000.00 & 10410.00 in extension. Alternative scenario...
Pivot (invalidation): 6.4640 Our preference Short positions below 6.4640 with targets at 6.4130 & 6.3890 in extension. Alternative scenario...
Pivot (invalidation): 0.5925 Our preference Long positions above 0.5925 with targets at 0.6030 & 0.6070 in extension. Alternative scenario...
Pivot (invalidation): 1.4455 Our preference Short positions below 1.4455 with targets at 1.4330 & 1.4280 in extension. Alternative scenario...
Pivot (invalidation): 0.9825 Our preference Short positions below 0.9825 with targets at 0.9775 & 0.9750 in extension. Alternative scenario...
Pivot (invalidation): 110.75 Our preference Long positions above 110.75 with targets at 111.70 & 112.00 in extension. Alternative scenario...
Pivot (invalidation): 1.1750 Our preference Long positions above 1.1750 with targets at 1.1845 & 1.1890 in extension. Alternative scenario...
Pivot (invalidation): 1.0750 Our preference Long positions above 1.0750 with targets at 1.0845 & 1.0890 in extension. Alternative scenario...
2000, 400 pages, by Steven Achelis. This is the one-stop shop for those striving to get the knowledge about the myriad of Technical indicators out there...
In Europe, both manufacturing and services PMI are expected to print their sharpest fall on record in March, after the coronavirus shutdowns took a toll on businesses and public life across the old continent...
Another surprise Federal Reserve (Fed) intervention yesterday helped curbing losses in New York, but the S&P500 and the Dow closed the day circa 3% lower, and Nasdaq was flat...
