Waiting for the breakout The CAD was able to gain significant strength during the last days. As a result USDCAD is about to break it's current BUY trend on D1...
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...
Pivot (invalidation): 1578.00 Our preference Long positions above 1578.00 with targets at 1585.00 & 1590.00 in extension. Alternative scenario...
Pivot (invalidation): 3355.00 Our preference Long positions above 3355.00 with targets at 3397.00 & 3410.00 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): 6.0580 Our preference Short positions below 6.0580 with targets at 6.0400 & 6.0310 in extension. Alternative scenario...
Pivot (invalidation): 0.6710 Our preference Long positions above 0.6710 with targets at 0.6730 & 0.6740 in extension. Alternative scenario...
Pivot (invalidation): 1.3255 Our preference Short positions below 1.3255 with targets at 1.3230 & 1.3215 in extension. Alternative scenario...
Pivot (invalidation): 0.9805 Our preference Long positions above 0.9805 with targets at 0.9835 & 0.9845 in extension. Alternative scenario...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 109.90 & 110.00 in extension. Alternative scenario...
Pivot (invalidation): 1.0825 Our preference Long positions above 1.0825 with targets at 1.0850 & 1.0860 in extension. Alternative scenario...
Pivot (invalidation): 1.3025 Our preference Long positions above 1.3025 with targets at 1.3065 & 1.3085 in extension. Alternative scenario...
EURUSD faces risk of further move lower as it sold off the past week. Resistance comes in at the 1.0850 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0950 level. Further up, resistance stands at the 1.1000...
First, a review of last week’s events: - EUR/USD. Stop-loss orders on long positions for this pair are triggered one after another for the second week in a row. The bulls retreat, successively surrendering all their lines of defense...
Trading a major Today we are going to trade the USDCHF The important trends from M15 up to D1 are all BUY with a high intensity...
Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 51.95 & 52.25 in extension. Alternative scenario...
Pivot (invalidation): 17.5700 Our preference Long positions above 17.5700 with targets at 17.7300 & 17.8000 in extension. Alternative scenario...
