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Pivot: 1.5300. Our preference: SHORT positions @ 1.5285 with 1.5185 1.5135 in sight. Alternative scenario: The upside penetration of 1.53 will call for 1.5345 1.54. Comment:...
THE TAKEAWAY: The US Dollar is testing attempting to clear the last level of chart resistance before a challenging the May swing high. The SP 500...
Pivot: 1225.00 Our preference: SHORT positions below 1225 with targets @ 1173 1150. Alternative scenario: The upside penetration of 1225 will call for a rebound towards...
Pivot: 0.924 Our preference: Long positions above 0.924 with targets @ 0.9345 0.938 in extension. Alternative scenario: Below 0.924 look for further downside with 0.919 0.9145...
Pivot: 1.3055 Our preference: Short positions below 1.3055 with targets @ 1.299 1.295 in extension. Alternative scenario: Above 1.3055 look for further upside with 1.308 1.3115...
Pivot: 1.05 Our preference: Short positions below 1.05 with targets @ 1.042 1.039 in extension. Alternative scenario: Above 1.05 look for further upside with 1.0555 1.061...
AUDUSD – Retail forex trading crowds remain aggressively long the Australian Dollar versus the US Dollar as the pair has fallen substantially off of recent peaks....
SPX500 –Clear retail sentiment extremes timed almost the exact top in the SP 500, and more recent positioning swings leaves us in favor of SPX500 declines....
GBPUSD – A massive shift seen in retail forex trading crowd sentiment leaves us firmly in favor of further GBPUSD declines. Trade Implications – GBPUSD: Our...
Gold–A massive build in retail forex trader positions in gold leave us plainly in favor of further XAUUSD declines. Trade Implications – Gold: Crowds are now...