The weekly right side is up against 75.57. The daily and 4 hour are turning up against the 3/9/20 lows. While a pullback remains above the 3/9/20 lows the pair can see another swing higher to correct the cycle lower from the 12/15/16 highs in the weekly triangle...
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While below 1.4266 where the hourly is turning down the pair can continue lower to correct the cycle up from the 12/31/19 lows...
The US dollar came under a strong selling pressure on the back of dire economic data and further easing from the Fed. The US 10-year yield was little changed near 0.62...
Pivot (invalidation): 18.25 Our preference Long positions above 18.25 with targets at 20.50 & 21.60 in extension. Alternative scenario...
Pivot (invalidation): 15.1000 Our preference Short positions below 15.1000 with targets at 14.8500 & 14.7400 in extension. Alternative scenario...
Pivot (invalidation): 1697.00 Our preference Short positions below 1697.00 with targets at 1679.00 & 1670.00 in extension. Alternative scenario...
Pivot (invalidation): 2953.00 Our preference Short positions below 2953.00 with targets at 2887.00 & 2845.00 in extension. Alternative scenario...
Pivot (invalidation): 11014.00 Our preference Short positions below 11014.00 with targets at 10770.00 & 10640.00 in extension. Alternative scenario...
Pivot (invalidation): 6.9750 Our preference Long positions above 6.9750 with targets at 6.9990 & 7.0070 in extension. Alternative scenario...
Pivot (invalidation): 0.6495 Our preference Short positions below 0.6495 with targets at 0.6435 & 0.6410 in extension. Alternative scenario...
Pivot (invalidation): 1.3945 Our preference Long positions above 1.3945 with targets at 1.4040 & 1.4075 in extension. Alternative scenario...
Pivot (invalidation): 0.9675 Our preference Short positions below 0.9675 with targets at 0.9635 & 0.9610 in extension. Alternative scenario...
Pivot (invalidation): 107.00 Our preference Long positions above 107.00 with targets at 107.50 & 107.80 in extension. Alternative scenario...
Pivot (invalidation): 1.2600 Our preference Short positions below 1.2600 with targets at 1.2525 & 1.2485 in extension. Alternative scenario...
Pivot (invalidation): 1.0920 Our preference Long positions above 1.0920 with targets at 1.0970 & 1.0990 in extension. Alternative scenario...
Basic settings Signal settings iPump indicator signal Buy - the value of the oversold level of the iPump indicator indicator to open buy. iPump indicator signal Sell - overbought value of the iPump indicator indicator to open sell...
Setup : 4Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Our Story: Not much to say a nice Plutus pattern. Push Up SI of 25.3 ( a lot of Buying) and Dn SI of 5...
Setup : 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Our Story: Was that move predictable? Well yes, the SIs were shouting. 1. We are Resistance coming from the Daily Chart 2...
Next week (May 5), the next meeting of the RBA will be held. As you know, in early April, the regular meeting of the RBA was held, following which the bank management decided to keep the current monetary policy unchanged. The key interest rate of the RBA was kept at a record low level of 0...
