General elections, inflation and growth slowdown as well as emerging market economies vulnerability remain the major factors for the second consecutive drop in the Reserve Bank of India (RBI) Current Rate...
Pivot (invalidation): 64.05 Our preference Short positions below 64.05 with targets at 63.30 & 62.95 in extension. Alternative scenario Above 64.05 look for further upside with 64.30 & 64.65 as targets...
Pivot (invalidation): 15.0300 Our preference Short positions below 15.0300 with targets at 14.8800 & 14.8000 in extension. Alternative scenario Above 15.0300 look for further upside with 15.1000 & 15.1800 as targets...
Pivot (invalidation): 1292.50 Our preference Short positions below 1292.50 with targets at 1284.00 & 1280.50 in extension. Alternative scenario Above 1292.50 look for further upside with 1295.50 & 1299.50 as targets...
Pivot (invalidation): 2896.00 Our preference Long positions above 2896.00 with targets at 2910.50 & 2920.00 in extension. Alternative scenario Below 2896.00 look for further downside with 2888.25 & 2873.50 as targets...
Pivot (invalidation): 11930.00 Our preference Long positions above 11930.00 with targets at 12060.00 & 12112.00 in extension. Alternative scenario Below 11930.00 look for further downside with 11885.00 & 11845.00 as targets...
Pivot (invalidation): 5.7550 Our preference Long positions above 5.7550 with targets at 5.7970 & 5.8230 in extension. Alternative scenario Below 5.7550 look for further downside with 5.7290 & 5.7000 as targets...
Pivot (invalidation): 0.7155 Our preference Long positions above 0.7155 with targets at 0.7190 & 0.7205 in extension. Alternative scenario Below 0.7155 look for further downside with 0.7135 & 0.7115 as targets...
Pivot (invalidation): 1.3340 Our preference Short positions below 1.3340 with targets at 1.3310 & 1.3290 in extension. Alternative scenario Above 1.3340 look for further upside with 1.3355 & 1.3375 as targets...
Pivot (invalidation): 1.0010 Our preference Long positions above 1.0010 with targets at 1.0030 & 1.0045 in extension. Alternative scenario Below 1.0010 look for further downside with 0.9995 & 0.9980 as targets...
Pivot (invalidation): 111.85 Our preference Long positions above 111.85 with targets at 112.10 & 112.20 in extension. Alternative scenario Below 111.85 look for further downside with 111.65 & 111.50 as targets...
Pivot (invalidation): 1.3080 Our preference Long positions above 1.3080 with targets at 1.3110 & 1.3135 in extension. Alternative scenario Below 1.3080 look for further downside with 1.3065 & 1.3050 as targets...
Pivot (invalidation): 1.1290 Our preference Long positions above 1.1290 with targets at 1.1325 & 1.1345 in extension. Alternative scenario Below 1.1290 look for further downside with 1.1275 & 1.1260 as targets...
EURUSD sets up to extend recovery threats as the pair still retains its upside pressure. Support comes in at the 1.1250 where a violation will turn risk to the 1.1200 level. A break below here will target the 1.1150 level. Further down, support sits at the 1.1100...
USDCHF continues to eye further upside pressure following it higher close the past week. Resistance stands at the 1.0050 level. A break of there will clear the way for a run at the 1.0100 level. Above here, resistance lies at the 1.0050 level and then the 1.0150 level...
First, a review of last week’s events: - EUR/USD. Many traders complain of low volatility in the market...
Pivot (invalidation): 64.00 Our preference Short positions below 64.00 with targets at 63.30 & 63.15 in extension. Alternative scenario Above 64.00 look for further upside with 64.30 & 64.65 as targets...
Pivot (invalidation): 15.0000 Our preference Short positions below 15.0000 with targets at 14.8800 & 14.8000 in extension. Alternative scenario Above 15.0000 look for further upside with 15.0800 & 15.1500 as targets...
