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Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Automate trades with Mirror Trader –The USDOLLAR break above the line that extends off of the...
Talking Points US Dollar Chart Setup Argues for Uptrend Resumption SP 500 Bounce and Upside Breakout Now Appears False Gold Rebound Looks to be Corrective for...
Pivot: 1.051 Our preference: Long positions above 1.051 with targets @ 1.057 1.0595 in extension. Alternative scenario: Below 1.051 look for further downside with 1.049 1.0465...
Pivot: 0.784 Our preference: Short positions below 0.784 with targets @ 0.7735 0.7715 in extension. Alternative scenario: Above 0.784 look for further upside with 0.7875 0.794...
– USDJPY has broken above major price resistance – We think the price breakout along with our forex positioning data favors strength – Key risk is...
Pivot: 1.231 Our preference: Long positions above 1.231 with targets @ 1.236 1.238 in extension. Alternative scenario: Below 1.231 look for further downside with 1.2275 1.225...
Talking Points – UK PMI Construction best since September 2007, signaling a broader recovery. – Syrian missile headlines highlight how sensitive market is right now. –...
SP 500 rebounds off an important support level, but still at risk of forming a broader top. EUR/USD breaks below 1.3220 while GBP/USD holds above a...
Pivot: 105.50 Our preference: LONG positions above 105.5 with 108.6 109.15 as next targets. Alternative scenario: The downside penetration of 105.5 will call for a slide...
Pivot: 1.5525. Our preference: LONG positions above 1.5525 with targets @ 1.5605 1.5635. Alternative scenario: The downside penetration of 1.5525 will call for a slide towards...