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EURUSD sets up to strengthen further higher as it closed higher the past week. Support lies at the 1.1300 where a violation will aim at the 1.1350 level. A break below here will aim at the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1...
USDCHF remains weak and vulnerable on price sell off the past week. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level...
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First, a review of last week’s events: - EUR/USD. The basic forecast for this pair said that it would not only be able to fall to the year's low at the level of 1.1300 but would also probably break through this support and reach values in the area of 1.1200-1.1250...
The sentiment indicator shows and measures the percentual ratio between both sellers and buyers. As a result of the indicator, it is possible to readily see the current leadership and strength of almost any marketplace...
The British pound stabilized on Friday after a sharp decline on Thursday on Brexit-related concerns. On Thursday, it became known about the resignation of the British Minister for Brexit Dominic Raab. Six members of the government also resigned...
There is a high likelihood that the meeting of US President Donald Trump and Chinese President Xi Jinping later this month won’t be game changing. The best-case would be that both leaders confirm their intent to maintain talks...
USD bulls focused on accelerating fundamentals, strong corporate earnings and rising rates, and they were right. But negatives will catch up to the dollar in 2019. Surging public deficits and widening trade imbalances will increase the supply of USD-dominated assets and damage the value of dollar...
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Pivot (invalidation): 55.80 Our preference Long positions above 55.80 with targets at 57.35 & 58.20 in extension. Alternative scenario Below 55.80 look for further downside with 55.20 & 54.75 as targets...
Pivot (invalidation): 14.2000 Our preference Long positions above 14.2000 with targets at 14.3800 & 14.4600 in extension. Alternative scenario Below 14.2000 look for further downside with 14.1300 & 14.0900 as targets...
Pivot (invalidation): 1211.00 Our preference Long positions above 1211.00 with targets at 1217.50 & 1221.50 in extension. Alternative scenario Below 1211.00 look for further downside with 1205.00 & 1202.00 as targets...
Pivot (invalidation): 2700.00 Our preference Long positions above 2700.00 with targets at 2765.00 & 2790.00 in extension. Alternative scenario Below 2700.00 look for further downside with 2670.00 & 2640.00 as targets...
Pivot (invalidation): 11254.00 Our preference Long positions above 11254.00 with targets at 11425.00 & 11490.00 in extension. Alternative scenario Below 11254.00 look for further downside with 11190.00 & 11140.00 as targets...
Pivot (invalidation): 5.3290 Our preference Long positions above 5.3290 with targets at 5.4080 & 5.4460 in extension. Alternative scenario Below 5.3290 look for further downside with 5.3000 & 5.2690 as targets...
Pivot (invalidation): 0.7255 Our preference Long positions above 0.7255 with targets at 0.7280 & 0.7300 in extension. Alternative scenario Below 0.7255 look for further downside with 0.7235 & 0.7220 as targets...
Pivot (invalidation): 1.3180 Our preference Short positions below 1.3180 with targets at 1.3135 & 1.3120 in extension. Alternative scenario Above 1.3180 look for further upside with 1.3200 & 1.3220 as targets...
Pivot (invalidation): 1.0040 Our preference Long positions above 1.0040 with targets at 1.0085 & 1.0105 in extension. Alternative scenario Below 1.0040 look for further downside with 1.0015 & 1.0000 as targets...
Pivot (invalidation): 113.30 Our preference Long positions above 113.30 with targets at 113.60 & 113.75 in extension. Alternative scenario Below 113.30 look for further downside with 113.10 & 112.95 as targets...