Long time no see, but now I'm back and like to provide some interesting results of my research work. The initial publication of our Simple Trading System was years ago and now it's time for a major update. Before I continue I have to say special thanks to some inspiring group members and friends...
Morning Market Review 13/08/2020 EUR / USD, GBP / USD, AUD / USD, USD / JPY, XAU / USD The iPump indicator was used for the analysis https://www.mql5...
Pivot (invalidation): 42.15 Our preference Long positions above 42.15 with targets at 42.90 & 43.25 in extension. Alternative scenario Below 42.15 look for further downside with 41.80 & 41.50 as targets...
Pivot (invalidation): 24.8500 Our preference Long positions above 24.8500 with targets at 26.7500 & 27.4000 in extension. Alternative scenario Below 24.8500 look for further downside with 24.1000 & 23.4000 as targets...
Pivot (invalidation): 1906.00 Our preference Long positions above 1906.00 with targets at 1970.00 & 1995.00 in extension. Alternative scenario Below 1906.00 look for further downside with 1880.00 & 1863.00 as targets...
Pivot (invalidation): 3363.00 Our preference Long positions above 3363.00 with targets at 3400.00 & 3415.00 in extension. Alternative scenario Below 3363.00 look for further downside with 3327.00 & 3306.00 as targets...
Pivot (invalidation): 12970.00 Our preference Long positions above 12970.00 with targets at 13160.00 & 13215.00 in extension. Alternative scenario Below 12970.00 look for further downside with 12900.00 & 12800.00 as targets...
Pivot (invalidation): 7.2650 Our preference Long positions above 7.2650 with targets at 7.3650 & 7.4000 in extension. Alternative scenario Below 7.2650 look for further downside with 7.2220 & 7.1750 as targets...
Pivot (invalidation): 0.7155 Our preference Long positions above 0.7155 with targets at 0.7190 & 0.7200 in extension. Alternative scenario Below 0.7155 look for further downside with 0.7140 & 0.7120 as targets...
Pivot (invalidation): 1.3265 Our preference Short positions below 1.3265 with targets at 1.3225 & 1.3195 in extension. Alternative scenario Above 1.3265 look for further upside with 1.3290 & 1.3315 as targets...
Pivot (invalidation): 0.9125 Our preference Short positions below 0.9125 with targets at 0.9095 & 0.9080 in extension. Alternative scenario Above 0.9125 look for further upside with 0.9140 & 0.9160 as targets...
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3095 & 1.3120 in extension. Alternative scenario Below 1.3035 look for further downside with 1.3020 & 1.3000 as targets...
Pivot (invalidation): 106.95 Our preference Short positions below 106.95 with targets at 106.45 & 106.20 in extension. Alternative scenario Above 106.95 look for further upside with 107.15 & 107.30 as targets...
Pivot (invalidation): 1.1775 Our preference Long positions above 1.1775 with targets at 1.1835 & 1.1850 in extension. Alternative scenario Below 1.1775 look for further downside with 1.1760 & 1.1740 as targets...
Yesterday the EUR / USD pair was trading higher and closed the day in positive territory around $ 1.1785. The pair has also increased slightly today, rising to $ 1.1815. On the hourly chart, EUR / USD is testing resistance - the MA (200) H1 ($ 1.1790) moving average line...
Yesterday the USD / CAD pair was trading lower and closed the day in the red zone near the price of C $ 1.3295. Today the pair rallied slightly, rising to the C $ 1.3345 mark. On the hourly chart, USD / CAD is still trading below the moving average MA line (200) H1 (C $ 1.4345...
Yesterday the GBP / USD pair was trading lower and closed the day in the red around the $ 1.3045 price. Today the pair also dropped slightly, dropping to $ 1.3020. On the hourly chart, GBP / USD has broken and consolidated below the MA line (200) H1 ($ 1.3090...
Pivot (invalidation): 42.05 Our preference Short positions below 42.05 with targets at 41.50 & 41.15 in extension. Alternative scenario Above 42.05 look for further upside with 42.30 & 43.60 as targets...
Pivot (invalidation): 25.1500 Our preference Short positions below 25.1500 with targets at 23.4000 & 22.8000 in extension. Alternative scenario Above 25.1500 look for further upside with 25.9500 & 26.7500 as targets...
