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AUDUSD looks to extend further lower on its bearishness as it retains its long term weakness. On the downside, support comes in at the 1.6661 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level. A violation will set the stage for a retarget of the 0.6500 level...
Gold climbed to $1587 an ounce as the Japanese yen strengthened against the US dollar on increased safe haven demand. WTI crude slipped below $52 a barrel on revived worries that the impact of coronavirus may be longer than what many investors want to believe...
Asian equities retraced a part of Monday’s advance after Apple warned that it won’t meet its revenue guidance this quarter due to a subdued production and lower demand in China and a disrupted global supply amid the coronavirus breakout...
Pivot (invalidation): 52.20 Our preference Short positions below 52.20 with targets at 51.35 & 50.90 in extension. Alternative scenario...
Pivot (invalidation): 17.7600 Our preference Long positions above 17.7600 with targets at 18.0000 & 18.1200 in extension. Alternative scenario...
Pivot (invalidation): 1582.00 Our preference Long positions above 1582.00 with targets at 1590.00 & 1594.00 in extension. Alternative scenario...
Pivot (invalidation): 3397.00 Our preference Short positions below 3397.00 with targets at 3355.00 & 3341.00 in extension. Alternative scenario...
Pivot (invalidation): 13660.00 Our preference Long positions above 13660.00 with targets at 13840.00 & 13930.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0400 Our preference Long positions above 6.0400 with targets at 6.0580 & 6.0670 in extension. Alternative scenario...
Pivot (invalidation): 0.6705 Our preference Short positions below 0.6705 with targets at 0.6680 & 0.6670 in extension. Alternative scenario...
Pivot (invalidation): 1.3235 Our preference Long positions above 1.3235 with targets at 1.3260 & 1.3270 in extension. Alternative scenario...
Pivot (invalidation): 109.85 Our preference Short positions below 109.85 with targets at 109.60 & 109.50 in extension. Alternative scenario...
Pivot (invalidation): 0.9815 Our preference Short positions below 0.9815 with targets at 0.9790 & 0.9780 in extension. Alternative scenario...
Pivot (invalidation): 1.3020 Our preference Short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension. Alternative scenario...
Pivot (invalidation): 1.0840 Our preference Short positions below 1.0840 with targets at 1.0815 & 1.0800 in extension. Alternative scenario...
Recently, the European Central Bank (ECB) President Christine Lagarde has also called European governments for putting their hands in their pockets to help ECB reaching its growth and inflation goals...
Asian equities made a mixed start to the week. Nikkei (-0.69%) and Topix (-0.89%) sold off as the Japanese GDP shrank 1.6% in the fourth quarter versus -1% expected by analysts and +0.4% printed a quarter earlier...
Pivot (invalidation): 51.60 Our preference Long positions above 51.60 with targets at 52.40 & 52.75 in extension. Alternative scenario...
Pivot (invalidation): 17.7200 Our preference Long positions above 17.7200 with targets at 17.9400 & 18.0300 in extension. Alternative scenario...
