All Blogs
Pivot (invalidation): 1862.00 Our preference Long positions above 1862.00 with targets at 1890.00 & 1900.00 in extension. Alternative scenario Below 1862.00 look for further downside with 1850.00 & 1839.00 as targets...
Pivot (invalidation): 3582.00 Our preference Short positions below 3582.00 with targets at 3485.00 & 3440.00 in extension. Alternative scenario Above 3582.00 look for further upside with 3645.00 & 3690.00 as targets...
Pivot (invalidation): 13210.00 Our preference Short positions below 13210.00 with targets at 13000.00 & 12810.00 in extension. Alternative scenario Above 13210.00 look for further upside with 13330.00 & 13460.00 as targets...
Pivot (invalidation): 7.6530 Our preference Long positions above 7.6530 with targets at 7.8250 & 7.8940 in extension. Alternative scenario Below 7.6530 look for further downside with 7.5930 & 7.5110 as targets...
Pivot (invalidation): 0.7255 Our preference Short positions below 0.7255 with targets at 0.7200 & 0.7170 in extension. Alternative scenario Above 0.7255 look for further upside with 0.7280 & 0.7295 as targets...
Pivot (invalidation): 1.3120 Our preference Long positions above 1.3120 with targets at 1.3200 & 1.3220 in extension. Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3080 as targets...
Pivot (invalidation): 0.9170 Our preference Short positions below 0.9170 with targets at 0.9125 & 0.9110 in extension. Alternative scenario Above 0.9170 look for further upside with 0.9190 & 0.9205 as targets...
Pivot (invalidation): 105.20 Our preference Short positions below 105.20 with targets at 104.65 & 104.40 in extension. Alternative scenario Above 105.20 look for further upside with 105.40 & 105.65 as targets...
Pivot (invalidation): 1.3150 Our preference Short positions below 1.3150 with targets at 1.3090 & 1.3065 in extension. Alternative scenario Above 1.3150 look for further upside with 1.3190 & 1.3225 as targets...
Pivot (invalidation): 1.1785 Our preference Long positions above 1.1785 with targets at 1.1825 & 1.1840 in extension. Alternative scenario Below 1.1785 look for further downside with 1.1760 & 1.1745 as targets...
The daily is turning down against the March highs at 111.68. The 4 hour is turning down against 106.11 October high. While below 105.34 the pair can see further weakness toward 102.50 to 102.00 before a bounce corrects the cycle from the 106.11 October highs. LONG USDJPY @104.50-104.20 TP: 106...
In the commodity market, oil prices are also surging following Biden’s victory, after tumbling about 4% on Friday. Both WTI and Brent are up about 2.8%, trading at over $38 and $40.50, respectively. Crude prices are also benefiting from a weakening dollar...
Wall Street will continue to rally at the start of this week, after closing flat on Friday but securing the best weekly performance in months. Last week, stocks surged on investor hopes that Democrats would not have full control over Congress...
Pivot (invalidation): 37.60 Our preference Long positions above 37.60 with targets at 38.90 & 39.35 in extension. Alternative scenario Below 37.60 look for further downside with 37.05 & 36.55 as targets...
Pivot (invalidation): 25.3700 Our preference Long positions above 25.3700 with targets at 26.0000 & 26.4400 in extension. Alternative scenario Below 25.3700 look for further downside with 24.9500 & 24.6300 as targets...
Pivot (invalidation): 1946.00 Our preference Long positions above 1946.00 with targets at 1967.00 & 1980.00 in extension. Alternative scenario Below 1946.00 look for further downside with 1935.00 & 1925.00 as targets...
Pivot (invalidation): 3485.00 Our preference Long positions above 3485.00 with targets at 3550.00 & 3587.00 in extension. Alternative scenario Below 3485.00 look for further downside with 3440.00 & 3405.00 as targets...
Pivot (invalidation): 12371.00 Our preference Long positions above 12371.00 with targets at 12650.00 & 12820.00 in extension. Alternative scenario Below 12371.00 look for further downside with 12200.00 & 12045.00 as targets...
Pivot (invalidation): 8.4450 Our preference Short positions below 8.4450 with targets at 8.3170 & 8.2500 in extension. Alternative scenario Above 8.4450 look for further upside with 8.5000 & 8.5700 as targets...
