First, a review of last week’s events: - EUR/USD . According to Bank of America Merrill Lynch, the most popular strategy in the market after “buy shares” is “sell the dollar”. Speculative short positions in this currency have risen to a two-year high...
The USD / CAD, which increased by 0.35% today, to the current mark of 1.2763 (see " Technical analysis and recommendations") , retains its downward trend, primarily due to the weakness of the US dollar...
n the commodity market, oil prices are retreating amid worries that the surging number of COVID cases will maintain the tough restrictions in many regions worldwide. While crude prices departed from their nine-month peaks, they’re set to end the week higher for the seventh straight week...
Pivot (invalidation): 47.80 Our preference Long positions above 47.80 with targets at 48.55 & 49.10 in extension. Alternative scenario Below 47.80 look for further downside with 47.30 & 46.90 as targets...
Silver spot ($) The bias remains bullish. Pivot (invalidation): 25.5400 Our preference Long positions above 25.5400 with targets at 26.1000 & 26.2700 in extension. Alternative scenario...
Pivot (invalidation): 1873.00 Our preference Long positions above 1873.00 with targets at 1896.00 & 1910.00 in extension. Alternative scenario Below 1873.00 look for further downside with 1861.00 & 1854.00 as targets...
Pivot (invalidation): 3690.00 Our preference Long positions above 3690.00 with targets at 3735.00 & 3760.00 in extension. Alternative scenario Below 3690.00 look for further downside with 3660.00 & 3633.00 as targets...
Pivot (invalidation): 13640.00 Our preference Long positions above 13640.00 with targets at 13730.00 & 13795.00 in extension. Alternative scenario Below 13640.00 look for further downside with 13560.00 & 13520.00 as targets...
Pivot (invalidation): 7.7410 Our preference Short positions below 7.7410 with targets at 7.6890 & 7.6580 in extension. Alternative scenario Above 7.7410 look for further upside with 7.7720 & 7.8000 as targets...
Pivot (invalidation): 0.7630 Our preference Short positions below 0.7630 with targets at 0.7580 & 0.7565 in extension. Alternative scenario Above 0.7630 look for further upside with 0.7650 & 0.7665 as targets...