Sample Category Title

Pivot (invalidation): 0.7110

Our preference Short positions below 0.7110 with targets at 0.7090 & 0.7070 in extension.

Alternative scenario Above 0.7110 look for further upside with 0.7130 & 0.7145 as targets.

Comment A break below 0.7090 would trigger a drop towards 0.7070.

Pivot (invalidation): 1.3385

Our preference Short positions below 1.3385 with targets at 1.3345 & 1.3330 in extension.

Alternative scenario Above 1.3385 look for further upside with 1.3400 & 1.3420 as targets.

Comment The RSI is bearish and calls for further downside.

Daily Pivots: (S1) 0.8563; (P) 0.8600; (R1) 0.8643; More...

EUR/GBP's consolidation from 0.8474 is still in progress and intraday bias remains neutral at this point. Overall, as long as 0.7822 resistance holds, near term outlook remains bearish. On the downside, firm break of 0.8474 will resume larger down trend for 0.8416 long term projection next. On the upside, though, sustained break of 0.8722 will suggest near term reversal and bring stronger rise back to 0.8840 resistance and above.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high) is a falling leg inside the pattern. Such decline could extend to 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we'd expect strong support around 0.8312 support to contain downside and bring rebound.

Pivot (invalidation): 1.0000

Our preference Short positions below 1.0000 with targets at 0.9980 & 0.9965 in extension.

Alternative scenario Above 1.0000 look for further upside with 1.0010 & 1.0020 as targets.

Comment The RSI shows downside momentum.

Daily Pivots: (S1) 1.1205; (P) 1.1223; (R1) 1.1237; More...

Intraday bias in EUR/CHF remains neutral and corrective recovery from 1.1162 might extend. But still, as long as 1.1256 minor resistance holds, near term outlook remains bearish and further decline is expected. On the downside, decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn bias back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 0.7088; (P) 0.7109; (R1) 0.7127; More...

Intraday bias in AUD/USD remains neutral for the moment. On the upside, firm break of 0.7168 resistance will suggest that the corrective decline from 0.7295 has completed at 0.7003 already. Intraday bias will be turned to the upside to resume the rebound from 0.6722 through 0.7295. On the downside, though, sustained break of 0.7052 will target 0.7004 first. Break will resume the fall from 0.7295 instead.

In the bigger picture, as long as 0.7393 resistance holds, fall from 0.8135 is still expected to extend. Such decline is seen as resuming long term down trend from 1.1079 (2011 high). Decisive break of 0.6826 (2016 low) will confirm this bearish view and resume the down trend to 0.6008 (2008 low). However, firm break of 0.7393 will argue that fall from 0.8135 has completed. And corrective pattern from 0.6826 has started the third leg, targeting 0.8135 again.

Daily Pivots: (S1) 1.3355; (P) 1.3379; (R1) 1.3409; More...

Intraday bias in USD/CAD remains neutral and more consolidations could be seen. On the upside, firm break of 1.3467 resistance will resume rise from 1.3068. Further rally should be seen to retest 1.3664 next. On the downside, sustained break of 1.3250 will indicate completion of whole rebound from 1.3068. In that case, deeper fall would be seen back to 1.3068/3112 support zone.

In the bigger picture, structure of the medium term rise from 1.2061 (2017 low) to 1.3664 is not clearly impulsive. Hence, we'd stay cautious on strong resistance from 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 and 1.3793 resistance to limit upside, and bring medium term topping. But in any case, medium term outlook will stay bullish as long as channel support (now at 1.3210) holds. Sustained break of 1.3793 will pave the way to retest 1.4689 (2015 high). However, firm break of the channel support should confirm reversal and target 1.2061 low again.

Pivot (invalidation): 2879.25

Our preference Long positions above 2879.25 with targets at 2904.50 & 2909.50 in extension.

Alternative scenario Below 2879.25 look for further downside with 2869.00 & 2859.25 as targets.

Comment The RSI advocates for further upside.

Pivot (invalidation): 11930.00

Our preference Long positions above 11930.00 with targets at 12027.00 & 12112.00 in extension.

Alternative scenario Below 11930.00 look for further downside with 11865.00 & 11810.00 as targets.

Comment The RSI is mixed and calls for caution.

Pivot (invalidation): 62.75

Our preference Long positions above 62.75 with targets at 63.90 & 64.45 in extension.

Alternative scenario Below 62.75 look for further downside with 62.20 & 61.85 as targets.

Comment The RSI shows upside momentum.