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<p>GBPUSD has declined considerably after touching a three-month high of 1.2815 on June 10, while during yesterday’s session it posted a fresh three-week low around the 1.2400 handle and is currently not far above that nadir. The flat Tenkan- and Kijun-sen lines serve as a testament to the possible upside retracement. The RSI indicator is [&h

<p>GBPJPY bears dominated on Thursday, extending the two-week old downward correction to the 132.00 territory. Simultaneously, the RSI tumbled below its 50 neutral mark, while the MACD lost further ground below its trigger line, both flagging that there is more bearish fuel in store. Yet, it remains to be seen if the tentative ascending trend

<p>The USD/CAD has performed a bit bearish with a strong momentum down. At this point we see a consolidation. If the price breaks below 1.3550 again we will see new sellers joining. However, 1.3600-20 zone needs to stay unscathed for that scenario to develop. Market has been very rangy and very hard to trade this […]

<p>Asian stocks are set to close the week on a positive note, after having swung between hope of post-Covid recovery and fear of a second wave contamination this week. US equities were mostly flat on Thursday. Nasdaq led gains as investors felt more comfortable buying tech stocks, if they were to buy anything, amid record […]

<p>Pivot (invalidation): 38.50 Our preference Long positions above 38.50 with targets at 39.50 & 40.30 in extension. Alternative scenario Below 38.50 look for further downside with 37.95 & 37.55 as targets. Comment The RSI is bullish and calls for further advance.</p> <p>The post <a rel="nofollow" href="

<p>Pivot (invalidation): 17.5400 Our preference Short positions below 17.5400 with targets at 17.2900 & 17.1400 in extension. Alternative scenario Above 17.5400 look for further upside with 17.6700 & 17.7500 as targets. Comment As Long as the resistance at 17.5400 is not surpassed, the risk of the break below 17.2900 remains high.&l

<p>Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3233.00 as targets. Comment The RSI is bearish and calls for further decline.</p> <p>The post <a rel="nofollow&quo

<p>Pivot (invalidation): 12430.00 Our preference Short positions below 12430.00 with targets at 12132.00 & 12040.00 in extension. Alternative scenario Above 12430.00 look for further upside with 12530.00 & 12660.00 as targets. Comment The RSI lacks momentum.</p> <p>The post <a rel="nofollow" href="https

<p>Pivot (invalidation): 6.8450 Our preference Long positions above 6.8450 with targets at 6.8610 & 6.8720 in extension. Alternative scenario Below 6.8450 look for further downside with 6.8310 & 6.8190 as targets. Comment The RSI has just landed on its neutrality area at 50% and is turning up.</p> <p>The post <a rel=&

<p>Pivot (invalidation): 0.6830 Our preference Long positions above 0.6830 with targets at 0.6875 & 0.6900 in extension. Alternative scenario Below 0.6830 look for further downside with 0.6795 & 0.6770 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https://www.a