Stage One: Unconscious Incompetence. This is the first step you take when starting to look into trading. You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires...
Pivot (invalidation): 54.40 Our preference Short positions below 54.40 with targets at 53.55 & 53.05 in extension. Alternative scenario...
Pivot (invalidation): 17.1500 Our preference Long positions above 17.1500 with targets at 17.3400 & 17.4500 in extension. Alternative scenario...
Pivot (invalidation): 1474.00 Our preference Long positions above 1474.00 with targets at 1482.00 & 1487.00 in extension. Alternative scenario...
Pivot (invalidation): 2950.00 Our preference Short positions below 2950.00 with targets at 2924.00 & 2912.00 in extension. Alternative scenario...
Pivot (invalidation): 12350.00 Our preference Short positions below 12350.00 with targets at 12240.00 & 12150.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7000 Our preference Long positions above 5.7000 with targets at 5.7420 & 5.7650 in extension. Alternative scenario...
Pivot (invalidation): 0.6695 Our preference Long positions above 0.6695 with targets at 0.6735 & 0.6745 in extension. Alternative scenario...
Pivot (invalidation): 1.3230 Our preference Short positions below 1.3230 with targets at 1.3190 & 1.3175 in extension. Alternative scenario...
Pivot (invalidation): 0.9940 Our preference Short positions below 0.9940 with targets at 0.9915 & 0.9895 in extension. Alternative scenario...
Pivot (invalidation): 107.60 Our preference Long positions above 107.60 with targets at 108.00 & 108.15 in extension. Alternative scenario...
Pivot (invalidation): 1.2310 Our preference Short positions below 1.2310 with targets at 1.2265 & 1.2235 in extension. Alternative scenario...
Pivot (invalidation): 1.0925 Our preference Long positions above 1.0925 with targets at 1.0945 & 1.0960 in extension. Alternative scenario...
AUDUSD threatens further downside pressure as it sold off on Tuesday. On the downside, support lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level...
The recent series of negative data releases hit the single currency hard, which trades at May 2017 range against the greenback, pointing to a quarterly drop of over -4...
The Australian dollar stood amongst the worst performers on Tuesday morning following the Reserve Bank of Australia’s decision to cut the cash rate target by 25bps to record low 0.75...
Pivot (invalidation): 55.00 Our preference Short positions below 55.00 with targets at 53.95 & 53.50 in extension. Alternative scenario...
Pivot (invalidation): 17.1400 Our preference Short positions below 17.1400 with targets at 16.7900 & 16.7100 in extension. Alternative scenario...
Pivot (invalidation): 1479.00 Our preference Short positions below 1479.00 with targets at 1461.00 & 1457.00 in extension. Alternative scenario...
