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On Wednesday, the US dollar consolidated recent gains ahead of a speech by Fed Chair Powell before the House of Representatives. The dollar index stabilised around 97.48, trading flat on the session. The single currency stayed above the 1...
AUDUSD downside pressure remains towards 0.6850 level as we expect more weakness to occur. On the upside, resistance lies at the 1.6950 level. A cut through here will turn attention to the 0.7000 level and then the 0.7150 level where a violation will set the stage for a retarget of the 0...
Pivot (invalidation): 58.15 Our preference Long positions above 58.15 with targets at 59.10 & 59.45 in extension. Alternative scenario Below 58.15 look for further downside with 57.75 & 57.40 as targets...
Pivot (invalidation): 15.0200 Our preference Long positions above 15.0200 with targets at 15.1200 & 15.1600 in extension. Alternative scenario Below 15.0200 look for further downside with 14.9500 & 14.8800 as targets...
Pivot (invalidation): 1391.50 Our preference Long positions above 1391.50 with targets at 1399.00 & 1403.50 in extension. Alternative scenario Below 1391.50 look for further downside with 1387.00 & 1381.50 as targets...
Pivot (invalidation): 2968.00 Our preference Long positions above 2968.00 with targets at 2985.00 & 2994.00 in extension. Alternative scenario Below 2968.00 look for further downside with 2958.00 & 2943.00 as targets...
Pivot (invalidation): 12490.00 Our preference Short positions below 12490.00 with targets at 12380.00 & 12336.00 in extension. Alternative scenario Above 12490.00 look for further upside with 12540.00 & 12575.00 as targets...
Pivot (invalidation): 5.6930 Our preference Long positions above 5.6930 with targets at 5.7500 & 5.7860 in extension. Alternative scenario Below 5.6930 look for further downside with 5.6740 & 5.6470 as targets...
Pivot (invalidation): 0.6940 Our preference Short positions below 0.6940 with targets at 0.6900 & 0.6885 in extension. Alternative scenario Above 0.6940 look for further upside with 0.6955 & 0.6975 as targets...
Pivot (invalidation): 1.3105 Our preference Long positions above 1.3105 with targets at 1.3145 & 1.3160 in extension. Alternative scenario Below 1.3105 look for further downside with 1.3080 & 1.3065 as targets...
Pivot (invalidation): 0.9950 Our preference Short positions below 0.9950 with targets at 0.9915 & 0.9895 in extension. Alternative scenario Above 0.9950 look for further upside with 0.9965 & 0.9980 as targets...
Pivot (invalidation): 108.70 Our preference Long positions above 108.70 with targets at 109.10 & 109.25 in extension. Alternative scenario Below 108.70 look for further downside with 108.55 & 108.40 as targets...
Pivot (invalidation): 1.2480 Our preference Short positions below 1.2480 with targets at 1.2440 & 1.2420 in extension. Alternative scenario Above 1.2480 look for further upside with 1.2500 & 1.2520 as targets...
Pivot (invalidation): 1.1195 Our preference Long positions above 1.1195 with targets at 1.1220 & 1.1235 in extension. Alternative scenario Below 1.1195 look for further downside with 1.1180 & 1.1160 as targets...
AUDCHF - Story 1. We have broken down a range with volume and found support on a previous support which also happens to be a Fib 2. We are going up with High Volume but not the respective pip move 3. Fib ahead 4. Another Fib a bit higher from 3...
These are the reasons why EJ should go down. 1. Hit the Fib area with a false break on 61.8 with a very fast move Low Speed index of 6.1 2. The way to the Fib was not that easy - Speed Index of 26.6 3. First Push down with volume and a High Speed Index of 27.6 4. High Speed Index of 36...
