Blogs

<p>Optimum Chart New Version 1.85 Released We have just released Optimum Chart version 1.85. In new version 1.85, you have access an Fractal Pattern Scanner. That helps you to detect Breakout trading opportunity and reversal trading opportunity (with Mother wave detection). In new version 1.85, Fractal Pattern Scanner support for the multiple

<p>Activity across European futures hint at a marginally negative open on Monday. The FTSE is preparing to give back a part of its recent gains on firmer pound, however, in the dearth of concrete deterioration in Covid stats, the strong recovery in oil, commodity prices and improved demand in pharmaceuticals amid AstraZeneca-Gilead merger tal

<p>The global risk rally was boosted on Friday by surprise increase in US nonfarm payrolls, talks of a merger between two pharmaceutic giants, AstraZeneca and Gilead fighting against the coronavirus, and the agreement among the OPEC+ countries to extend the historical production cut by a month. The NFP data revealed on Friday that the US [&he

<p>Pivot</p> <p>&nbsp;(invalidation): 38.85 Our preference</p> <p>Long positions above 38.85 with targets at 40.45 &amp; 41.05 in extension.</p> <p>Alternative scenario</p> <p>Below 38.85 look for further downside with 38.15 &amp; 37.60 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.5900 Our preference</p> <p>Short positions below 17.5900 with targets at 17.3400 &amp; 17.2000 in extension.</p> <p>Alternative scenario</p> <p>Above 17.5900 look for further upside with 17.7500 &amp; 17.8500 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1701.00 Our preference</p> <p>Short positions below 1701.00 with targets at 1676.00 &amp; 1668.00 in extension.</p> <p>Alternative scenario</p> <p>Above 1701.00 look for further upside with 1712.00 &amp; 1722.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 3162.00 Our preference</p> <p>Long positions above 3162.00 with targets at 3210.00 &amp; 3251.00 in extension.</p> <p>Alternative scenario</p> <p>Below 3162.00 look for further downside with 3128.00 &amp; 3090.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 12600.00 Our preference</p> <p>Long positions above 12600.00 with targets at 13000.00 &amp; 13220.00 in extension.</p> <p>Alternative scenario</p> <p>Below 12600.00 look for further downside with 12325.00 &amp; 12133.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 6.7430 Our preference</p> <p>Long positions above 6.7430 with targets at 6.7840 &amp; 6.8000 in extension.</p> <p>Alternative scenario</p> <p>Below 6.7430 look for further downside with 6.7170 &amp; 6.6930 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6955 Our preference</p> <p>Long positions above 0.6955 with targets at 0.7000 &amp; 0.7015 in extension.</p> <p>Alternative scenario</p> <p>Below 0.6955 look for further downside with 0.6925 &amp; 0.6900 as targets.</p>