GBP/USD Aim @ 1.2930
Pivot (invalidation): 1.2850 Our preference Long positions above 1.2850 with targets at 1.2900 & 1.2930 in extension. Alternative scenario Below 1.2850 look for further downside with 1.2820 & 1.2785 as targets. – advertisement –
Comment The RSI advocates for...
EUR/USD Target 1.1465
Pivot (invalidation): 1.1395 Our preference Long positions above 1.1395 with targets at 1.1435 & 1.1465 in extension. Alternative scenario Below 1.1395 look for further downside with 1.1380 & 1.1360 as targets. – advertisement –
Comment The RSI calls for...
EURAUD Regains Ground Following Eebound on 5-Month Trough
EURAUD has advanced considerably after it found support on the five-month low of 1.5515, achieved last Thursday, and ended the day below the rising trend line. However, the pair gained ground in the next couple of sessions, challenging the 20-day...
GBPUSD Outlook: Cable Surges after EU/UK Deal Announcement, but Rally Needs Confirmation on Close Above 20SMA
Cable jumped around 130 pips on Thursday on news that EU and UK Brexit negotiators reached an agreement on draft text of post-Brexit ties between the European Union and United Kingdom. Eventual deal after Brexit talks repeatedly stalled, provides temporary...
Gold Spot Further Advance
Pivot (invalidation): 1222.00 Our preference Long positions above 1222.00 with targets at 1230.00 & 1233.50 in extension. Alternative scenario Below 1222.00 look for further downside with 1219.50 & 1216.50 as targets. – advertisement –
Comment The RSI advocates for...
EURUSD Struggling For Direction
The euro is currently struggling to find an intraday directional bias against the US dollar, as the Italian budget issue and Brexit negotiations create uncertainty for traders and investors. The EURUSD pair is also suffering from low trading volumes, as...
US100 Stock Index Hits 7-Month Low; Turns Increasingly Bearish
The US 100 stock index plunged to a 7-month low of 6439.25 yesterday as the bears continue to pull the price further below the index’s all-time high of 7701.35 set on October 1. Momentum indicators point to further weakness in...
Brent Futures Find Support at 1-Year Low; Strongly Bearish in Near Term
Brent crude oil futures with delivery in January 2019 plummeted to an almost one-year low around 61.70 on Tuesday. The price is set to complete the seventh straight negative week, however, looking at the very-short term timeframe, it has jumped...
DAX Elliott Wave Analysis Calling Rally To Fail for Extension Lower
DAX has broken below Oct 26 low (11051) and suggests that the Index has resumed the decline lower. We are calling the decline from July 27 high (12886.83) as a triple three Elliott Wave Structure where decline to 11051.04 low...
Crytocurrency Decline Moves From Bad To Worse
In January this year, all the cryptocurrencies tracked by CoinMarketCap had a market valuation of more than $800 billion. At the time, this valuation was larger than that of companies like Apple, Microsoft, and Amazon. In the months that followed,...
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