Pivot (invalidation): 108.15 Our preference Short positions below 108.15 with targets at 107.80 & 107.55 in extension. Alternative scenario Above 108.15 look for further upside with 108.40 & 108.70 as targets...
Pivot (invalidation): 1.1230 Our preference Long positions above 1.1230 with targets at 1.1260 & 1.1290 in extension. Alternative scenario Below 1.1230 look for further downside with 1.1210 & 1.1190 as targets...
AUDUSD risk continues to point higher on price recovery in the new week. On the upside, resistance lies at the 1.7000 level. A cut through here will turn attention to the 0.7050 level and then the 0.7100 level where a violation will set the stage for a retarget of the 0.7150 level...
Optimism over the reelection of PM Narendra Modi business-friendly policies for a second five-year term and a rebound of manufacturing PMI at 3-months high have given INR a big push in the past few days...
Pivot (invalidation): 54.00 Our preference Short positions below 54.00 with targets at 52.10 & 51.60 in extension. Alternative scenario Above 54.00 look for further upside with 54.70 & 55.60 as targets...
Pivot (invalidation): 14.5500 Our preference Long positions above 14.5500 with targets at 14.7300 & 14.8100 in extension. Alternative scenario Below 14.5500 look for further downside with 14.4700 & 14.4200 as targets...
Pivot (invalidation): 1303.00 Our preference Long positions above 1303.00 with targets at 1318.00 & 1324.50 in extension. Alternative scenario Below 1303.00 look for further downside with 1299.00 & 1295.50 as targets...
Pivot (invalidation): 2768.25 Our preference Short positions below 2768.25 with targets at 2735.75 & 2723.50 in extension. Alternative scenario Above 2768.25 look for further upside with 2781.65 & 2801.00 as targets...
Pivot (invalidation): 11800.00 Our preference Short positions below 11800.00 with targets at 11590.00 & 11520.00 in extension. Alternative scenario Above 11800.00 look for further upside with 11860.00 & 11920.00 as targets...
Pivot (invalidation): 5.8750 Our preference Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension. Alternative scenario Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets...
Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6970 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6900 & 0.6880 as targets...
Pivot (invalidation): 1.3525 Our preference Short positions below 1.3525 with targets at 1.3480 & 1.3455 in extension. Alternative scenario Above 1.3525 look for further upside with 1.3545 & 1.3565 as targets...
Pivot (invalidation): 1.0000 Our preference Short positions below 1.0000 with targets at 0.9965 & 0.9940 in extension. Alternative scenario Above 1.0000 look for further upside with 1.0020 & 1.0040 as targets...
Pivot (invalidation): 108.45 Our preference Short positions below 108.45 with targets at 108.05 & 107.75 in extension. Alternative scenario Above 108.45 look for further upside with 108.70 & 108.90 as targets...
Pivot (invalidation): 1.2620 Our preference Long positions above 1.2620 with targets at 1.2675 & 1.2700 in extension. Alternative scenario Below 1.2620 look for further downside with 1.2600 & 1.2580 as targets...
Pivot (invalidation): 1.1165 Our preference Long positions above 1.1165 with targets at 1.1200 & 1.1215 in extension. Alternative scenario Below 1.1165 look for further downside with 1.1150 & 1.1135 as targets...
EURUSD holds off the 1.1106 key support zone as it looks to recover further higher. Support comes in at the 1.1150 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950...
First, a review of last week’s events: - EUR/USD. President Trump decided to shake up the markets once again. Putting Chinese problems aside for the time being, he turned his eyes towards Mexico...
