First, a review of last week’s events: - EUR/USD. The Jackson Hole Annual Economic Symposium has traditionally served to give investors an understanding of where US monetary policy will move. That is why the markets were looking forward to Fed Chairman Jerome Powell speaking at this event...
Welcome the Bermaui Pin Bars Indicator (BPB) BPB is a unique combination between the famous price action Pin Bars pattern, Bermaui Bands and a Multi Time Frame Candle Direction Panel. In this article I will focus on Pin Bars...
Pivot (invalidation): 55.20 Our preference Long positions above 55.20 with targets at 55.85 & 56.10 in extension. Alternative scenario...
Pivot (invalidation): 17.1200 Our preference Short positions below 17.1200 with targets at 16.9300 & 16.8300 in extension. Alternative scenario...
Pivot (invalidation): 1500.50 Our preference Short positions below 1500.50 with targets at 1492.50 & 1487.00 in extension. Alternative scenario...
Pivot (invalidation): 2905.00 Our preference Long positions above 2905.00 with targets at 2942.00 & 2980.00 in extension. Alternative scenario...
Pivot (invalidation): 11880.00 Our preference Short positions below 11880.00 with targets at 11620.00 & 11520.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7440 Our preference Long positions above 5.7440 with targets at 5.7900 & 5.8300 in extension. Alternative scenario...
Pivot (invalidation): 0.9830 Our preference Long positions above 0.9830 with targets at 0.9855 & 0.9875 in extension. Alternative scenario...
Pivot (invalidation): 1.3290 Our preference Long positions above 1.3290 with targets at 1.3335 & 1.3345 in extension. Alternative scenario...
Pivot (invalidation): 0.6770 Our preference Short positions below 0.6770 with targets at 0.6750 & 0.6735 in extension. Alternative scenario...
Pivot (invalidation): 106.65 Our preference Short positions below 106.65 with targets at 106.25 & 106.10 in extension. Alternative scenario...
Pivot (invalidation): 1.2270 Our preference Short positions below 1.2270 with targets at 1.2200 & 1.2175 in extension. Alternative scenario...
Pivot (invalidation): 1.1090 Our preference Short positions below 1.1090 with targets at 1.1065 & 1.1050 in extension. Alternative scenario...
GBPUSD bullish strength leaves risk towards 1.2381 level following its rally on Thursday. Support lies at 1.2200 with a turn below that level turning attention to the 1.2150 level. Further down, support resides at the 1.2100 level where a break will turn attention to the 1.2050 level...
EURUSD declines with eyes on 1.1026/10 support zone as looks to resume its broader downside pressure. Support comes in at the 1.1000 where a violation will turn risk to the 1.0950 level. A break below here will target the 1.0900 level. Further down, support sits at the 1.0850...
Pivot (invalidation): 56.20 Our preference Short positions below 56.20 with targets at 55.15 & 54.85 in extension. Alternative scenario...
Pivot (invalidation): 17.0500 Our preference Long positions above 17.0500 with targets at 17.1500 & 17.2000 in extension. Alternative scenario...
Pivot (invalidation): 1498.00 Our preference Long positions above 1498.00 with targets at 1509.00 & 1512.50 in extension. Alternative scenario...
