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This week is set to bring a wave of significant economic events and data releases, creating ample trading opportunities for both intraday and swing traders. While Monday lacks major economic ...

Weekly Market Analysis for 16th September 2024

The European Central Bank (ECB) has taken a definitive step by cutting its key interest rates to 3.5%. This move comes amidst a backdrop of cooling inflation and declining economic growth for...

ECB Cuts Interest Rates by 25 bp to 3.5%

This week is shaping up to be a significant one for traders, with a series of key economic events and data releases that could trigger market volatility. Intraday and swing traders should be ...

Weekly market analysis 9th September 2024

Intraday: the upside prevails.

Pivot

1.3530

Our preference

Long positions above 1.3530 with targets at 1.3580 & 1.3600 in extension.

Alternative scenario

Below 1.3530 look for further d...

USD/CAD may rise 19 - 39 pips

Intraday: key resistance at 18710.00.

Pivot

18710.00

Our preference

Short positions below 18710.00 with targets at 18525.00 & 18460.00 in extension.

Alternative scenario

Above 18710.00 ...

Dax may fall to 18460.00 - 18525.00

Intraday: towards 141.70.

Pivot

144.40

Our preference

Short positions below 144.40 with targets at 142.40 & 141.70 in extension.

Alternative scenario

Above 144.40 look for further upsid...

USD/JPY may fall 82 - 152 pips

(V4) ST: watch 64.00.

Pivot

77.50

Our preference

Short positions below 77.50 with targets at 67.60 & 64.00 in extension.

Alternative scenario

Above 77.50 look for further upside with 80...

Crude Oil (WTI) may fall to 64.00 - 67.60

Intraday: the bias remains bullish.

Pivot

0.9410

Our preference

Long positions above 0.9410 with targets at 0.9445 & 0.9460 in extension.

Alternative scenario

Below 0.9410 look for furt...

EUR/CHF may rise 22 - 37 pips

This week promises to be eventful for traders, with several critical economic data releases and events expected to create market volatility. As the US markets are closed today due to a holida...

Weekly Analysis 2nd September 2024

ST: the bias remains bullish.

Pivot

1.0880

Our preference

Long positions above 1.0880 with targets at 1.1275 & 1.1380 in extension.

Alternative scenario

Below 1.0880 look for further do...

EUR/USD may rise to 1.1275 - 1.1380

(U4) Intraday: bullish bias above 41300.00.

Pivot

41300.00

Our preference

Long positions above 41300.00 with targets at 41670.00 & 41800.00 in extension.

Alternative scenario

Below 4130...

Dow Jones (CME) may rise to 41670.00 - 41800.00

Intraday: turning up.

Pivot

1.3165

Our preference

Long positions above 1.3165 with targets at 1.3235 & 1.3265 in extension.

Alternative scenario

Below 1.3165 look for further downside w...

GBP/USD may rise 23 - 53 pips

ST: turning up.

Pivot

27.30

Our preference

Long positions above 27.30 with targets at 31.60 & 32.50 in extension.

Alternative scenario

Below 27.30 look for further downside with 26.00 &...

Silver may rise to 31.60 - 32.50

This week is expected to be relatively quiet, reflecting the late August lull, but it still holds key events that could influence markets. Monday is void of major news events, giving traders ...

Weekly Market Analysis 26th August 2024

Intraday: key resistance at 144.70.

Pivot

144.70

Our preference

Short positions below 144.70 with targets at 143.15 & 142.40 in extension.

Alternative scenario

Above 144.70 look for fur...

USD/JPY may fall 89 - 164 pips

Intraday: limited upside.

Pivot

8285.00

Our preference

Long positions above 8285.00 with targets at 8359.00 & 8389.00 in extension.

Alternative scenario

Below 8285.00 look for further d...

FTSE 100 may rise to 8359.00 - 8389.00

Intraday: under pressure.

Pivot

1.3610

Our preference

Short positions below 1.3610 with targets at 1.3565 & 1.3550 in extension.

Alternative scenario

Above 1.3610 look for further upsid...

USD/CAD may fall 22 - 37 pips

(SEP4) ST: short term rebound

2.0400 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

Below 2.0400, expect 1.8460 and 1.7300.

Comment

The RSI is above 50. Th...