Investors are now increasingly confident that the Fed will expand its stimulus program to protect the economy amid the pandemic at its December 15-16 meeting...
Pivot (invalidation): 44.70 Our preference Short positions below 44.70 with targets at 43.70 & 43.30 in extension. Alternative scenario Above 44.70 look for further upside with 45.15 & 45.70 as targets...
Pivot (invalidation): 23.4900 Our preference Long positions above 23.4900 with targets at 24.0500 & 24.3200 in extension. Alternative scenario Below 23.4900 look for further downside with 23.1600 & 22.9000 as targets...
Pivot (invalidation): 1793.00 Our preference Long positions above 1793.00 with targets at 1818.00 & 1832.00 in extension. Alternative scenario Below 1793.00 look for further downside with 1782.00 & 1770.00 as targets...
Pivot (invalidation): 3645.00 Our preference Long positions above 3645.00 with targets at 3678.00 & 3700.00 in extension. Alternative scenario Below 3645.00 look for further downside with 3625.00 & 3595.00 as targets...
Pivot (invalidation): 13360.00 Our preference Long positions above 13360.00 with targets at 13440.00 & 13460.00 in extension. Alternative scenario Below 13360.00 look for further downside with 13335.00 & 13300.00 as targets...
Pivot (invalidation): 7.7750 Our preference Long positions above 7.7750 with targets at 7.8730 & 7.9150 in extension. Alternative scenario Below 7.7750 look for further downside with 7.7390 & 7.7130 as targets...
Pivot (invalidation): 0.7355 Our preference Long positions above 0.7355 with targets at 0.7405 & 0.7420 in extension. Alternative scenario Below 0.7355 look for further downside with 0.7335 & 0.7320 as targets...
Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2920 & 1.2900 in extension. Alternative scenario Above 1.2965 look for further upside with 1.2985 & 1.3010 as targets...
Pivot (invalidation): 0.9030 Our preference Short positions below 0.9030 with targets at 0.8965 & 0.8935 in extension. Alternative scenario Above 0.9030 look for further upside with 0.9050 & 0.9070 as targets...
Pivot (invalidation): 104.60 Our preference Short positions below 104.60 with targets at 104.15 & 103.95 in extension. Alternative scenario Above 104.60 look for further upside with 104.75 & 104.90 as targets...
Pivot (invalidation): 1.3385 Our preference Long positions above 1.3385 with targets at 1.3440 & 1.3480 in extension. Alternative scenario Below 1.3385 look for further downside with 1.3360 & 1.3330 as targets...
Pivot (invalidation): 1.2035 Our preference Long positions above 1.2035 with targets at 1.2110 & 1.2150 in extension. Alternative scenario Below 1.2035 look for further downside with 1.2000 & 1.1970 as targets...
The NZD / USD pair has been rising for the 5th week in a row, hitting 30-month highs and trading at the start of today's European session near 0.7040 mark . L ast week, the New Zealand dollar received support from a strong third quarter retail sales report, which rose +28.0% (vs. +19...
Pivot (invalidation): 45.55 Our preference Short positions below 45.55 with targets at 44.40 & 44.00 in extension. Alternative scenario Above 45.55 look for further upside with 46.25 & 46.55 as targets...
Pivot (invalidation): 22.3400 Our preference Long positions above 22.3400 with targets at 23.3100 & 23.5200 in extension. Alternative scenario Below 22.3400 look for further downside with 22.1000 & 21.8700 as targets...
Pivot (invalidation): 1764.00 Our preference Long positions above 1764.00 with targets at 1800.00 & 1818.00 in extension. Alternative scenario Below 1764.00 look for further downside with 1757.00 & 1747.00 as targets...
Pivot (invalidation): 3595.00 Our preference Long positions above 3595.00 with targets at 3645.00 & 3660.00 in extension. Alternative scenario Below 3595.00 look for further downside with 3576.00 & 3552.00 as targets...
Pivot (invalidation): 13235.00 Our preference Long positions above 13235.00 with targets at 13360.00 & 13410.00 in extension. Alternative scenario Below 13235.00 look for further downside with 13190.00 & 13140.00 as targets...
