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EURGBP sees additional price strength on bull pressure following its recent strength. On the downside, support stands at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at the 0.8600 level. Conversely, resistance lies at the 0.8800 level...
Despite rising frictions with Iran or an escalation of trade dispute with China, it seems that the kiwi is trading the opposite way. Although a risk-off sentiment dominates the marketplace, with safe-haven in demand, the New Zealand dollar remains in gain territory...
Worries over U.S economic sanctions on Huawei and spillover effect on trade negotiations. China has communicated to retaliate against Thursdays Trump moves forward with an executive order to ban Huawei equipment from U.S networks. Breakdown in US-China communication hurt Chinese indices...
Pivot (invalidation): 62.75 Our preference Long positions above 62.75 with targets at 63.65 & 64.15 in extension. Alternative scenario Below 62.75 look for further downside with 62.25 & 61.95 as targets...
Pivot (invalidation): 14.6300 Our preference Short positions below 14.6300 with targets at 14.4300 & 14.3700 in extension. Alternative scenario Above 14.6300 look for further upside with 14.7400 & 14.8100 as targets...
Pivot (invalidation): 1289.50 Our preference Short positions below 1289.50 with targets at 1281.75 & 1279.00 in extension. Alternative scenario Above 1289.50 look for further upside with 1293.00 & 1295.25 as targets...
Pivot (invalidation): 2855.50 Our preference Long positions above 2855.50 with targets at 2902.50 & 2932.00 in extension. Alternative scenario Below 2855.50 look for further downside with 2831.25 & 2820.00 as targets...
Pivot (invalidation): 12175.00 Our preference Long positions above 12175.00 with targets at 12413.00 & 12475.00 in extension. Alternative scenario Below 12175.00 look for further downside with 12090.00 & 12000.00 as targets...
Pivot (invalidation): 6.0340 Our preference Long positions above 6.0340 with targets at 6.0890 & 6.1110 in extension. Alternative scenario Below 6.0340 look for further downside with 5.9900 & 5.9530 as targets...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6880 & 0.6865 in extension. Alternative scenario Above 0.6905 look for further upside with 0.6920 & 0.6935 as targets...
Pivot (invalidation): 1.3440 Our preference Long positions above 1.3440 with targets at 1.3485 & 1.3505 in extension. Alternative scenario Below 1.3440 look for further downside with 1.3415 & 1.3400 as targets...
Pivot (invalidation): 1.0085 Our preference Long positions above 1.0085 with targets at 1.0110 & 1.0125 in extension. Alternative scenario Below 1.0085 look for further downside with 1.0070 & 1.0050 as targets...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 110.05 & 110.30 in extension. Alternative scenario Below 109.70 look for further downside with 109.50 & 109.35 as targets...
Pivot (invalidation): 1.2820 Our preference Short positions below 1.2820 with targets at 1.2770 & 1.2745 in extension. Alternative scenario Above 1.2820 look for further upside with 1.2850 & 1.2880 as targets...
Pivot (invalidation): 1.1190 Our preference Short positions below 1.1190 with targets at 1.1165 & 1.1155 in extension. Alternative scenario Above 1.1190 look for further upside with 1.1205 & 1.1225 as targets...
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The Australian dollar slid to the lowest since January 21st 2016 - if we discard the flash crash from January 2nd this year – amid disappointing job figures. The Australian dollar fell as low as 0.6893 against the greenback after the unemployment rate rose to 5...
After reaching its highest range in early May amid hopes of a swift arrangement between both leading parties Conservatives and Labor, it appears that the British pound loses sight...
Pivot (invalidation): 61.70 Our preference Long positions above 61.70 with targets at 63.05 & 63.30 in extension. Alternative scenario Below 61.70 look for further downside with 61.25 & 60.95 as targets...
