Sample Category Title

Pivot (invalidation): 11875.00

Our preference Long positions above 11875.00 with targets at 12050.00 & 12100.00 in extension.

Alternative scenario Below 11875.00 look for further downside with 11800.00 & 11730.00 as targets.

Comment The break above 11875.00 is a positive signal that has opened a path to 12050.00.

Pivot (invalidation): 2871.00

Our preference Long positions above 2871.00 with targets at 2895.50 & 2904.00 in extension.

Alternative scenario Below 2871.00 look for further downside with 2862.00 & 2854.00 as targets.

Comment The RSI is mixed to bullish.

Here's an update on AUD/USD short strategy last updated here. We've sold AUD/USD at 0.7100 as it recovered to 0.7130.

Overall outlook is unchanged that decline from 0.7314 is seen as part of the down trend from 0.8135. Such decline is expected to extend to retest 0.6826 key support (2016 low). It's early to tell, but there is prospect of resuming long term down trend through this 0.6826.

We'll hold short in the pair first. Stop is place at 0.7185, slightly above 50% retracement of 0.7314 to 0.7040 at 0.7178. At this point, we have not decided whether to get out around 0.6826 low yet. We'll monitor downside momentum in both 4H and daily chart to decide at a later stage.

Pivot (invalidation): 0.9930

Our preference Short positions below 0.9930 with targets at 0.9890 & 0.9865 in extension.

Alternative scenario Above 0.9930 look for further upside with 0.9955 & 0.9970 as targets.

Comment A break below 0.9890 would trigger a drop towards 0.9865.

Pivot (invalidation): 1.2965

Our preference Short positions below 1.2965 with targets at 1.2910 & 1.2885 in extension.

Alternative scenario Above 1.2965 look for further upside with 1.3005 & 1.3030 as targets.

Comment The RSI calls for a drop.

Pivot (invalidation): 0.7090

Our preference Long positions above 0.7090 with targets at 0.7130 & 0.7160 in extension.

Alternative scenario Below 0.7090 look for further downside with 0.7070 & 0.7050 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 6.1180

Our preference Short positions below 6.1180 with targets at 6.0850 & 6.0590 in extension.

Alternative scenario Above 6.1180 look for further upside with 6.1575 & 6.1930 as targets.

Comment As Long as the resistance at 6.1180 is not surpassed, the risk of the break below 6.0850 remains high.

Pivot (invalidation): 113.20

Our preference Short positions below 113.20 with targets at 112.80 & 112.55 in extension.

Alternative scenario Above 113.20 look for further upside with 113.40 & 113.55 as targets.

Comment As Long as the resistance at 113.20 is not surpassed, the risk of the break below 112.80 remains high.

Pivot (invalidation): 1.3125

Our preference Long positions above 1.3125 with targets at 1.3170 & 1.3210 in extension.

Alternative scenario Below 1.3125 look for further downside with 1.3100 & 1.3070 as targets.

Comment The break above 1.3125 is a positive signal that has opened a path to 1.3170.

Pivot (invalidation): 1.1485

Our preference Long positions above 1.1485 with targets at 1.1530 & 1.1550 in extension.

Alternative scenario Below 1.1485 look for further downside with 1.1470 & 1.1445 as targets.

Comment The RSI is bullish and calls for further advance.