As Joe Biden fills in the economic advisory team and there are encouraging macro data coming out indicating continued economic recovery, lingering fears about the coronavirus are holding back risky asset markets from further stronger growth so far...
Pivot (invalidation): 45.70 Our preference Short positions below 45.70 with targets at 44.55 & 43.75 in extension. Alternative scenario Above 45.70 look for further upside with 46.25 & 46.70 as targets...
Pivot (invalidation): 22.5200 Our preference Short positions below 22.5200 with targets at 21.8400 & 21.5700 in extension. Alternative scenario Above 22.5200 look for further upside with 22.7500 & 22.9100 as targets...
Pivot (invalidation): 1793.00 Our preference Short positions below 1793.00 with targets at 1757.00 & 1747.00 in extension. Alternative scenario Above 1793.00 look for further upside with 1805.00 & 1814.00 as targets...
Pivot (invalidation): 3623.00 Our preference Long positions above 3623.00 with targets at 3645.00 & 3660.00 in extension. Alternative scenario Below 3623.00 look for further downside with 3592.00 & 3550.00 as targets...
Pivot (invalidation): 13272.00 Our preference Long positions above 13272.00 with targets at 13410.00 & 13460.00 in extension. Alternative scenario Below 13272.00 look for further downside with 13234.00 & 13190.00 as targets...
Pivot (invalidation): 7.7920 Our preference Long positions above 7.7920 with targets at 7.8950 & 7.9270 in extension. Alternative scenario Below 7.7920 look for further downside with 7.7540 & 7.7200 as targets...
Pivot (invalidation): 0.7375 Our preference Long positions above 0.7375 with targets at 0.7410 & 0.7435 in extension. Alternative scenario Below 0.7375 look for further downside with 0.7350 & 0.7330 as targets...
Pivot (invalidation): 1.3010 Our preference Short positions below 1.3010 with targets at 1.2970 & 1.2955 in extension. Alternative scenario Above 1.3010 look for further upside with 1.3025 & 1.3040 as targets...
Pivot (invalidation): 0.9055 Our preference Short positions below 0.9055 with targets at 0.9020 & 0.9000 in extension. Alternative scenario Above 0.9055 look for further upside with 0.9080 & 0.9095 as targets...
Pivot (invalidation): 104.15 Our preference Short positions below 104.15 with targets at 103.65 & 103.50 in extension. Alternative scenario Above 104.15 look for further upside with 104.30 & 104.45 as targets...
Pivot (invalidation): 1.3310 Our preference Long positions above 1.3310 with targets at 1.3360 & 1.3380 in extension. Alternative scenario Below 1.3310 look for further downside with 1.3285 & 1.3260 as targets...
Pivot (invalidation): 1.1940 Our preference Long positions above 1.1940 with targets at 1.2000 & 1.2020 in extension. Alternative scenario Below 1.1940 look for further downside with 1.1915 & 1.1900 as targets...
First, a review of last week’s events: - EUR/USD . Making a forecast for the past week, most experts (65%) preferred the European currency. Graphical analysis, 90% of trend indicators and 75% of oscillators on D1 also sided with the bulls. And this forecast turned out to be almost correct...
Long positions remain preferable in the current situation. A breakout of the local resistance level 0.7410 (27-month highs) will be a signal for renewed AUD / USD growth towards the resistance levels 0.7500 (50% Fibonacci level), 0.7980 (61...
Pivot (invalidation): 45.45 Our preference Short positions below 45.45 with targets at 44.70 & 44.20 in extension. Alternative scenario Above 45.45 look for further upside with 45.85 & 46.25 as targets...
Pivot (invalidation): 23.4800 Our preference Short positions below 23.4800 with targets at 22.9100 & 22.7500 in extension. Alternative scenario Above 23.4800 look for further upside with 23.6400 & 23.8500 as targets...
Pivot (invalidation): 1820.00 Our preference Short positions below 1820.00 with targets at 1800.00 & 1791.00 in extension. Alternative scenario Above 1820.00 look for further upside with 1833.00 & 1841.00 as targets...
Pivot (invalidation): 3617.00 Our preference Long positions above 3617.00 with targets at 3645.00 & 3660.00 in extension. Alternative scenario Below 3617.00 look for further downside with 3592.00 & 3550.00 as targets...
