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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...

Natural Gas (NYMEX) may rise to 2.5570 - 2.6730

The week starts with no major economic events scheduled for Monday. However, there are several significant events later in the week that could offer trading opportunities for traders that are...

Weekly Market Analysis 19th August 2024

ST: further advance.

Pivot

1.0775

Our preference

Long positions above 1.0775 with targets at 1.1140 & 1.1275 in extension.

Alternative scenario

Below 1.0775 look for further downside wi...

EUR/USD may rise to 1.1140 - 1.1275

Intraday: further upside.

Pivot

1.2760

Our preference

Long positions above 1.2760 with targets at 1.2810 & 1.2835 in extension.

Alternative scenario

Below 1.2760 look for further downsi...

GBP/USD may rise 18 - 43 pips

This week is set to be a pivotal one for traders, with several key economic events likely to drive market volatility. The absence of high impact news on Monday offers a brief respite before t...

Weekly Market Analysis 12th August 2024

ST: choppy.

Pivot

2350.00

Our preference

Long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.

Alternative scenario

Below 2350.00 look for further downside with 2...

Gold may rise to 2480.00 - 2530.00

(U4) Intraday: intraday support around 39170.00.

Pivot

39170.00

Our preference

Long positions above 39170.00 with targets at 39890.00 & 40290.00 in extension.

Alternative scenario

Below...

Dow Jones (CME) may rise to 39890.00 - 40290.00

Intraday: the downside prevails.

Pivot

146.90

Our preference

Short positions below 146.90 with targets at 145.40 & 145.00 in extension.

Alternative scenario

Above 146.90 look for furthe...

USD/JPY may fall 61 - 101 pips

Intraday: watch 0.9410.

Pivot

0.9330

Our preference

Long positions above 0.9330 with targets at 0.9385 & 0.9410 in extension.

Alternative scenario

Below 0.9330 look for further downside...

EUR/CHF may rise 20 - 45 pips

(U4) Intraday: towards 76.25.

Pivot

72.75

Our preference

Long positions above 72.75 with targets at 75.30 & 76.25 in extension.

Alternative scenario

Below 72.75 look for further downsid...

Crude Oil (WTI) may rise to 75.30 - 76.25

Asian stock markets plunged today with the Nikkei selling off heavily (down 13% at the lowest point), while US index futures also traded lower. The markets were under pressure as investors fe...

Weekly Market Analysis for 5th August 2024

Intraday: the bias remains bullish.

Pivot

1.3850

Our preference

Long positions above 1.3850 with targets at 1.3890 & 1.3910 in extension.

Alternative scenario

Below 1.3850 look for furt...