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US stocks had their worst day since 1987 even after the Federal Reserve’s (Fed) announcement to flood the market with $5 trillion dollar over the next month. The Dow closed 9.99% down, as the S&P500 and Nasdaq slumped 9.51% and 9.43% respectively...
Pivot (invalidation): 31.85 Our preference Short positions below 31.85 with targets at 30.00 & 29.20 in extension. Alternative scenario...
Pivot (invalidation): 15.8400 Our preference Short positions below 15.8400 with targets at 15.1900 & 14.9300 in extension. Alternative scenario...
Pivot (invalidation): 1584.00 Our preference Short positions below 1584.00 with targets at 1542.00 & 1529.00 in extension...
Pivot (invalidation): 2659.00 Our preference Short positions below 2659.00 with targets at 2400.00 & 2245.00 in extension. Alternative scenario...
Pivot (invalidation): 9912.00 Our preference Short positions below 9912.00 with targets at 9047.00 & 8330.00 in extension. Alternative scenario...
Pivot (invalidation): 6.2670 Our preference Long positions above 6.2670 with targets at 6.3440 & 6.3690 in extension. Alternative scenario...
Pivot (invalidation): 0.6255 Our preference Long positions above 0.6255 with targets at 0.6340 & 0.6385 in extension. Alternative scenario...
Pivot (invalidation): 1.3825 Our preference Long positions above 1.3825 with targets at 1.4000 & 1.4080 in extension. Alternative scenario...
Pivot (invalidation): 0.9480 Our preference Short positions below 0.9480 with targets at 0.9400 & 0.9370 in extension. Alternative scenario...
Pivot (invalidation): 105.65 Our preference Short positions below 105.65 with targets at 104.50 & 104.05 in extension. Alternative scenario...
Pivot (invalidation): 1.2630 Our preference Short positions below 1.2630 with targets at 1.2485 & 1.2420 in extension. Alternative scenario...
Pivot (invalidation): 1.1150 Our preference Long positions above 1.1150 with targets at 1.1250 & 1.1290 in extension. Alternative scenario...
EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level...
Today, the European Central Bank (ECB) chief Christine Lagarde is preparing to unveil her plans to fight the coronavirus-driven economic slowdown in the Eurozone...
US stock futures sank past 4% after the Dow closed 5.86% down in New York as Donald Trump’s public address fell short of what investors were hoping for...
Pivot (invalidation): 32.55 Our preference Short positions below 32.55 with targets at 30.15 & 28.50 in extension. Alternative scenario...
Pivot (invalidation): 16.7200 Our preference Short positions below 16.7200 with targets at 16.3700 & 16.1400 in extension. Alternative scenario...
