Market Daily Update 27 July 2023
EUR/USD Intraday: bullish bias above 1.1075. Pivot: 1.1075 Our preference: Long positions above 1.1075 with targets at 1.1125 & 1.1145 in extension. Alternative scenario: Below 1.1075 look for further downside with 1.1055 & 1.1035 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: capped by a negative trend line. Pivot: 140.40 Our preference: Short positions below […]
MARKET DAILY UPDATE 25 JULY 2023
EUR/USD Intraday: key resistance at 1.1090. Pivot: 1.1090 Our preference: Short positions below 1.1090 with targets at 1.1055 & 1.1040 in extension. Alternative scenario: Above 1.1090 look for further upside with 1.1105 & 1.1120 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.1090. USD/JPY Intraday: the bias remains bullish. […]
Market Daily Update 13 July 2023
EUR/USD Intraday: the upside prevails. Pivot: 1.1100 Our preference: Long positions above 1.1100 with targets at 1.1170 & 1.1200 in extension. Alternative scenario: Below 1.1100 look for further downside with 1.1070 & 1.1040 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: capped by a negative trend line. Pivot: 139.10 Our preference: Short positions below […]
Market Daily Update 11 July 2023
EUR/USD Intraday: further upside. Pivot: 1.0985 Our preference: Long positions above 1.0985 with targets at 1.1035 & 1.1050 in extension. Alternative scenario: Below 1.0985 look for further downside with 1.0965 & 1.0945 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday:the downside prevails. Pivot: 141.45 Our preference: Short positions below 141.45 […]
Market Update 10 July 2023
EUR/USD Intraday: bullish bias above 1.0930. Pivot: 1.0930 Our preference: Long positions above 1.0930 with targets at 1.0975 & 1.0990 in extension. Alternative scenario: Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday:rebound. Pivot: […]
Market Daily Update 7 July 2023
EUR/USD Intraday: bullish bias above 1.0865. Pivot: 1.0865 Our preference: Long positions above 1.0865 with targets at 1.0905 & 1.0920 in extension. Alternative scenario: Below 1.0865 look for further downside with 1.0850 & 1.0835 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: the downside prevails. Pivot: 144.05 Our preference: Short positions […]
Daily Market Update 6 July 2023
EUR/USD Intraday: the downside prevails. Pivot: 1.0855 Our preference: Short positions below 1.0855 with targets at 1.0820 & 1.0805 in extension. Alternative scenario: Above 1.0855 look for further upside with 1.0870 & 1.0885 as targets. Comment: As long as the resistance at 1.0855 is not surpassed, the risk of a break below 1.0820 remains high. USD/JPY […]
Market Daily Update 05 July 2023
EUR/USD Intraday: capped by a negative trend line. Pivot: 1.0890 Our preference: Short positions below 1.0890 with targets at 1.0850 & 1.0835 in extension.Alternative scenario: Above 1.0890 look for further upside with 1.0905 & 1.0925 as targets. The break below 1.0890 is a negative signal that has opened a path to 1.0850. USD/JPY Intraday: further advance. Pivot: […]
Market Update JULY 3/ 2023
EUR/USD Intraday: bullish bias above 1.0890. Pivot: 1.0890 Our preference: Long positions above 1.0890 with targets at 1.0940 & 1.0960 in extension. Alternative scenario: Below 1.0890 look for further downside with 1.0870 & 1.0855 as targets. The RSI is bullish and calls for further upside. USD/JPY Intraday: continuation of the rebound. Pivot: 144.35 Our preference: Long positions […]
Market Update June 27 / 2023
EUR/USD Intraday: further upside. Pivot: 1.0900 Our preference: Long positions above 1.0900 with targets at 1.0940 & 1.0960 in extension. Alternative scenario: Below 1.0900 look for further downside with 1.0885 & 1.0870 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: supported by a rising trend line. Pivot: 143.25 Our preference: Long positions above 143.25 […]