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THE TAKEAWAY: The US Dollar has broken down out of the confines of the rising trend guiding prices since the start of the year, warning of...
Pivot: 1.33 Our preference: Long positions above 1.33 with targets @ 1.339 1.343 in extension. Alternative scenario: Below 1.33 look for further downside with 1.3275 1.3225...
Pivot: 127.3 Our preference: Short positions below 127.3 with targets @ 124.9 124.25 in extension. Alternative scenario: Above 127.3 look for further upside with 128 129...
Pivot: 149.4 Our preference: Short positions below 149.4 with targets @ 147.05 146.3 in extension. Alternative scenario: Above 149.4 look for further upside with 150.65 151.95...
Pivot: 0.92 Our preference: Long positions above 0.92 with targets @ 0.926 0.93 in extension. Alternative scenario: Below 0.92 look for further downside with 0.917 0.9125...
Pivot: 1.2335 Our preference: Short positions below 1.2335 with targets @ 1.226 1.225 in extension. Alternative scenario: Above 1.2335 look for further upside with 1.235 1.2385...
Pivot: 96.30 Our preference: LONG positions above 96.3 with targets @ 98.2 99.6. Alternative scenario: The downside breakout of 96.3 will open the way to 95...
Trade setups are coming into focus. Look for an early week USDJPY low (final washout?) as well as turns in the EURUSD and GBPUSD. The USDCHF...
Pivot: 0.7995 Our preference: Long positions above 0.7995 with targets @ 0.812 0.8155 in extension. Alternative scenario: Below 0.7995 look for further downside with 0.7925 0.79...
Pivot: 1.2800 Our Preference: LONG position above 1.28 with 1.35 1.3710 in sight. Alternative Scenario: Below 1.28 down move to 1.2650 1.2450. Comment: the pair has...