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Hello Friends, Long time do not post anything. But does not it mean to forget the promise. Actually, it was highly research situation. We try even few hundred strategy till today. But yea 99% of course failed. As you remember we have permanent solution, but slow moving...
First, a review of last week’s events: - EUR/USD. The Federal Reserve has left the interest rate unchanged, at 2.5%, and is no longer going to raise it this year. The Fed also lowered its forecasts for US GDP and inflation and raised the unemployment forecast for 2019-2021...
Just like in the Greek mythology, where Siren lures sailors to destruction with the sweetness of her song, Oil and her sweet promise of adrenaline rush sends many traders to their demise...
NZDUSD loses upside momentum with risk see towards 0.6808 in the new week. Resistance comes in at the 0.6900 level where a break will turn attention to the 0.6950 level. A break of here will have to happen to create scope for a move higher towards the 0.7000 level...
Not much is moving in markets today. Drivers have been on repeat for so long investors are suffering from boredom. FX volatility has declined significantly of the past week but GBP volatility remains least effected. Cleary the lower pace fall is due to critical political premiums still relevant...
The last FOMC meeting left undeniable after-effects on investors’ mind-set. The last two days of trading clearly shows that market participants don’t know where to stand. Equities rallied sharply yesterday afternoon with the S&P 500 climbing more than 1% to around 2,854, gold sliding 1...
Pivot (invalidation): 60.25 Our preference Short positions below 60.25 with targets at 59.55 & 59.00 in extension. Alternative scenario Above 60.25 look for further upside with 60.65 & 60.95 as targets...
Pivot (invalidation): 15.5600 Our preference Short positions below 15.5600 with targets at 15.3500 & 15.2400 in extension. Alternative scenario Above 15.5600 look for further upside with 15.6300 & 15.6900 as targets...
Pivot (invalidation): 1314.00 Our preference Short positions below 1314.00 with targets at 1303.00 & 1298.50 in extension. Alternative scenario Above 1314.00 look for further upside with 1320.50 & 1326.00 as targets...
Pivot (invalidation): 2840.00 Our preference Long positions above 2840.00 with targets at 2863.25 & 2880.50 in extension. Alternative scenario Below 2840.00 look for further downside with 2827.50 & 2812.00 as targets...
Pivot (invalidation): 11640.00 Our preference Short positions below 11640.00 with targets at 11480.00 & 11444.00 in extension. Alternative scenario Above 11640.00 look for further upside with 11723.00 & 11790.00 as targets...
Pivot (invalidation): 5.4510 Our preference Long positions above 5.4510 with targets at 5.4780 & 5.4890 in extension. Alternative scenario Below 5.4510 look for further downside with 5.4320 & 5.4140 as targets...
Pivot (invalidation): 0.7120 Our preference Short positions below 0.7120 with targets at 0.7090 & 0.7075 in extension. Alternative scenario Above 0.7120 look for further upside with 0.7135 & 0.7150 as targets...
Pivot (invalidation): 1.3345 Our preference Long positions above 1.3345 with targets at 1.3395 & 1.3415 in extension. Alternative scenario Below 1.3345 look for further downside with 1.3315 & 1.3290 as targets...
Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9945 & 0.9965 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9890 & 0.9870 as targets...
Pivot (invalidation): 110.55 Our preference Long positions above 110.55 with targets at 110.95 & 111.15 in extension. Alternative scenario Below 110.55 look for further downside with 110.30 & 110.00 as targets...
Pivot (invalidation): 1.3100 Our preference Long positions above 1.3100 with targets at 1.3170 & 1.3220 in extension. Alternative scenario Below 1.3100 look for further downside with 1.3060 & 1.3015 as targets...
Pivot (invalidation): 1.1390 Our preference Short positions below 1.1390 with targets at 1.1345 & 1.1325 in extension. Alternative scenario Above 1.1390 look for further upside with 1.1410 & 1.1430 as targets...
USDJPY eyes more recovery following its price halt on Thursday. As long as it stays above the 110.35 support zone, more price strength is expected. On the upside, resistance comes in at 111.50 level. Above this level will turn attention to the 112.00 level...
