Blogs

<p>Moving to the economic calendar, Australia printed its highest quarterly inflation in five years. Consumer prices in Australia rose 2.2% in the first quarter of 2020 as wildfires and early effects of coronavirus outbreak led to a significant jump in food prices. The AUDUSD pulled out the 100-day moving average (0.6518) as solid inflation t

<p>Major US stock indices closed slightly lower on Tuesday following a turbulent session, as technology stocks led losses with Nasdaq down by 1.40%.</p> <p>Alphabet, where revenues come mostly from Google ads, announced better-than-expected overall revenue in the first quarter as business was flourishing before Covid-19, and despi

<p>Pivot</p> <p>&nbsp;(invalidation): 12.60 </p> <p>Our preference</p> <p>Long positions above 12.60 with targets at 14.80 &amp; 15.65 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1701.00 </p> <p>Our preference</p> <p>Long positions above 1701.00 with targets at 1714.50 &amp; 1723.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 15.0300 </p> <p>Our preference</p> <p>Long positions above 15.0300 with targets at 15.3300 &amp; 15.4400 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 2840.00 </p> <p>Our preference</p> <p>Long positions above 2840.00 with targets at 2921.00 &amp; 2971.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 10630.00 </p> <p>Our preference</p> <p>Long positions above 10630.00 with targets at 10900.00 &amp; 11000.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 6.9990 </p> <p>Our preference</p> <p>Short positions below 6.9990 with targets at 6.9750 &amp; 6.9620 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6485 </p> <p>Our preference</p> <p>Long positions above 0.6485 with targets at 0.6545 &amp; 0.6575 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.4000 </p> <p>Our preference</p> <p>Short positions below 1.4000 with targets at 1.3895 &amp; 1.3860 in extension.</p> <p>Alternative scenario</p>