Sample Category Title
S&P 500 Bullish Bias Above 2722.00
Pivot (invalidation): 2722.00
Our preference Long positions above 2722.00 with targets at 2765.00 & 2790.00 in extension.
Alternative scenario Below 2722.00 look for further downside with 2710.00 & 2695.00 as targets.
Comment The RSI is bullish and calls for further advance.
DAX Choppy
Pivot (invalidation): 11036.00
Our preference Long positions above 11036.00 with targets at 11173.00 & 11247.00 in extension.
Alternative scenario Below 11036.00 look for further downside with 10940.00 & 10860.00 as targets.
Comment Investors have to remain cautious since these levels may trigger profit taking.
USD/TRY Break Of A ST Rising Trendline Support
Pivot (invalidation): 5.2660
Our preference Short positions below 5.2660 with targets at 5.2300 & 5.2140 in extension.
Alternative scenario Above 5.2660 look for further upside with 5.2850 & 5.2960 as targets.
Comment The RSI is bearish and calls for further downside.
AUD/USD The Upside Prevails
Pivot (invalidation): 0.7105
Our preference Long positions above 0.7105 with targets at 0.7140 & 0.7160 in extension.
Alternative scenario Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets.
Comment The RSI calls for a new upleg.
USD/CAD The Downside Prevails
Pivot (invalidation): 1.3235
Our preference Short positions below 1.3235 with targets at 1.3170 & 1.3150 in extension.
Alternative scenario Above 1.3235 look for further upside with 1.3255 & 1.3275 as targets.
Comment The RSI is bearish and calls for further decline.
USD/CHF Caution
Pivot (invalidation): 1.0050
Our preference Long positions above 1.0050 with targets at 1.0075 & 1.0090 in extension.
Alternative scenario Below 1.0050 look for further downside with 1.0030 & 1.0010 as targets.
Comment A support base at 1.0050 has formed and has allowed for a temporary stabilisation.
USD/JPY Further Advance
Pivot (invalidation): 110.45
Our preference Long positions above 110.45 with targets at 110.85 & 111.00 in extension.
Alternative scenario Below 110.45 look for further downside with 110.30 & 110.15 as targets.
Comment The RSI advocates for further upside.
GBP/USD Further Upside
Pivot (invalidation): 1.2880
Our preference Long positions above 1.2880 with targets at 1.2925 & 1.2940 in extension.
Alternative scenario Below 1.2880 look for further downside with 1.2860 & 1.2840 as targets.
Comment The RSI advocates for further advance.
EUR/USD The Upside Prevails
Pivot (invalidation): 1.1315
Our preference Long positions above 1.1315 with targets at 1.1350 & 1.1370 in extension.
Alternative scenario Below 1.1315 look for further downside with 1.1300 & 1.1285 as targets.
Comment The RSI advocates for further upside.
UK Barclay: Not in anyone’s interest to extend Article 50
In the UK, ITV news reported that its correspondent overhead lead Brexit negotiator Olly Robbins said the parliament is facing a choice of Prime Minister Theresa May's deal or a long article 50 extension. And, the issue is whether Brussels is clear on the terms of extension.
On the other hand, Brexit Minister Steve Barclay is quick to clarify that "the prime minister has been very clear that we are committed to leaving on the 29th of March... It's not in anyone's interest to have an extension without any clarity."
And, the Financial Times reported that PM Theresa May told business leaders that extending Article 50 process beyond March 29 serves no purpose.