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Gold started the week with a heavy rise in demand. The price of an ounce cleared the $1700 offers as investors piled into the precious metal in preparation for potentially hectic price moves over the coming days and weeks. US treasuries remain bid, with the 10-year US treasury yield below the 0...
Asian equities kicked off the week on a mostly positive note on the back of encouraging trade data in China. Chinese exports fell 6.6% in March versus a 14% slump expected by analysts and a 17.2% decline recorded a month earlier. Imports retreated 0.9% y-o-y during the same month versus -9...
Pivot (invalidation): 23.30 Our preference Short positions below 23.30 with targets at 22.05 & 21.10 in extension. Alternative scenario...
Pivot (invalidation): 15.2900 Our preference Long positions above 15.2900 with targets at 15.7400 & 15.8400 in extension. Alternative scenario...
Pivot (invalidation): 1700.00 Our preference Long positions above 1700.00 with targets at 1735.00 & 1750.00 in extension. Alternative scenario...
Pivot (invalidation): 2720.00 Our preference Long positions above 2720.00 with targets at 2836.00 & 2900.00 in extension. Alternative scenario...
Pivot (invalidation): 10310.00 Our preference Long positions above 10310.00 with targets at 10660.00 & 10900.00 in extension. Alternative scenario...
Pivot (invalidation): 6.7550 Our preference Long positions above 6.7550 with targets at 6.7950 & 6.8150 in extension. Alternative scenario...
Pivot (invalidation): 0.6375 Our preference Long positions above 0.6375 with targets at 0.6460 & 0.6490 in extension. Alternative scenario...
Pivot (invalidation): 1.3905 Our preference Short positions below 1.3905 with targets at 1.3850 & 1.3815 in extension. Alternative scenario...
Pivot (invalidation): 0.9665 Our preference Short positions below 0.9665 with targets at 0.9625 & 0.9605 in extension. Alternative scenario...
Pivot (invalidation): 107.85 Our preference Short positions below 107.85 with targets at 107.45 & 107.25 in extension. Alternative scenario...
Pivot (invalidation): 1.2505 Our preference Long positions above 1.2505 with targets at 1.2590 & 1.2630 in extension. Alternative scenario...
Pivot (invalidation): 1.0920 Our preference Long positions above 1.0920 with targets at 1.0965 & 1.0985 in extension. Alternative scenario...
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The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1148...
The daily right side is down & the 4 hour right side is down against the .7035 highs from 12/31/19. While above .5978 where the hourly right side is up the pair can correct the cycle lower from the 12/31/19 highs...
EURUSD faces risk of further recovery after backing off lower prices the past week. Resistance comes in at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach above here will target the 1.1050 level. Further up, resistance stands at the 1.1100...
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