Pivot: 129.3 Our preference: Long @ 129.4 with targets @ 130.65 131.5 in extension. Alternative scenario: Below 129.3 look for further downside with 128.4 127.25 as...
Pivot: 151.5 Our preference: Long positions above 151.5 with targets @ 153.65 154.7 in extension. Alternative scenario: Below 151.5 look for further downside with 150.5 149.15...
Pivot: 1.05 Our preference: Long positions above 1.05 with targets @ 1.055 1.0575 in extension. Alternative scenario: Below 1.05 look for further downside with 1.0465 1.0445...
THE TAKEAWAY: The US Dollar is stalling having run into technical resistance while the SP 500 has resumed an aggressive advance, marching higher toward the 1600...
Pivot: 1.217 Our preference: Long positions above 1.217 with targets @ 1.2215 1.2235 in extension. Alternative scenario: Below 1.217 look for further downside with 1.215 1.213...
Pivot: 98.9 Our preference: Long positions above 98.9 with targets @ 100 100.8 in extension. Alternative scenario: Below 98.9 look for further downside with 98 97.15...
Pivot: 1.05 Our preference: Long positions above 1.05 with targets @ 1.055 1.0575 in extension. Alternative scenario: Below 1.05 look for further downside with 1.0465 1.0445...
Pivot: 98.9 Our preference: Long positions above 98.9 with targets @ 100 100.8 in extension. Alternative scenario: Below 98.9 look for further downside with 98 97.15...
Pivot: 0.9365 Our preference: Short positions below 0.9365 with targets @ 0.927 0.923 in extension. Alternative scenario: Above 0.9365 look for further upside with 0.939 0.9435...
Daily Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: No change: “The...