Daniel_Thompson

Daniel_Thompson

Pivot: 15560.00 Our preference: short positions below 15540.00 with targets at 15500.00 & 15400.00 in extension. Alternative scenario: above 15740.00 look for further upside with 15830.00 & 15925.00 as targets. Comment: technically the RSI is below its neutrality area at 50.

Daniel_Thompson

Pivot: 15580.00 Our preference: long positions above 15565.00 with targets at 15740.00 & 15830.00 in extension. Alternative scenario: below stop loss look for further downside with 15490.00 & 15340.00 as targets. Comment: the RSI advocates for further upside.

Daniel_Thompson

Pivot: 16240.00 Our preference: short positions below 16240.00 with targets at 15985.00 & 15755.00 in extension. Alternative scenario: above 16240.00 look for further upside with 16370.00 & 16470.00 as targets. Comment: the RSI is below its neutrality area at 50%

Daniel_Thompson

Pivot: 7336.00 Our preference: long positions above 7336.00 with targets at 7464.00 & 7500.00 in extension. Alternative scenario: below 7336.00 look for further downside with 7300.00 & 7270.00 as targets. Comment: a support base at 7336.00 has formed and has allowed for a temporary stabilization.

Daniel_Thompson

Pivot: 16140.00 Our preference: long positions above 16140.00 with targets at 16340.00 & 16430.00 in extension. Alternative scenario: below 16140.00 look for further downside with 16080.00 & 16000.00 as targets. Comment: the next resistances are at 16340.00 and then at 16430.00.GER30

Daniel_Thompson

Pivot: 7387.00 Our preference: short positions below 7387.00 with targets at 7310.00 & 7270.00 in extension. Alternative scenario: above 7387.00 look for further upside with 7415.00 & 7440.00 as targets. Comment: as long as 7387.00 is resistance, look for choppy price action with a bearish bias.

Daniel_Thompson

Our pivot point stands at 105.64. Our preference: the upside prevails as long as 105.64 is support. Alternative scenario: below 105.64, expect 105.22 and 104.98. Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this...

Daniel_Thompson

#WaveAnalysis #CADCHF reversed from support level 0.6495 Likely to rise to resistance level 0.6600 CADCHF currency pair recently reversed up from the powerful support level 0.6495 (previous monthly low from April and May) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.6495 stopped the previous impulse wave C of...

Daniel_Thompson

Pivot: 15530.00 Our preference: long positions above 15530.00 with targets at 15850.00 & 16000.00 in extension. Alternative scenario: below 15530.00 look for further downside with 15420.00 & 15210.00 as targets. Comment: the next resistances are at 15850.00 and then at 16000.00.

Daniel_Thompson

Pivot: 15700.00 Our preference: short positions below 15700.00 with targets at 15420.00 & 15210.00 in extension. Alternative scenario: above 15700.00 look for further upside with 15910.00 & 16000.00 as targets. Comment: the RSI is mixed and calls for caution.

Daniel_Thompson

#WaveAnalysis #UK100 FTSE100 reversed from key support level 7300.00 Likely to rise to resistance level 7550.00 FTSE100 index recently reversed up sharply after the index failed to break below the key support level 7300.00, which has been reversing the price from last November. The upward reversal from the support level 7300.00 stopped the intermediate...

Daniel_Thompson

Our pivot point stands at 0.5463. Our preference: as long as 0.5463 is support look for 0.5514. and above 0.5590 Alternative scenario: below 0.5463, expect 0.5445 and 0.5435. Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period...

Daniel_Thompson

Pivot: 34400.00 Our preference: long positions above 34400.00 with targets at 34765.00 & 35000.00 in extension. Alternative scenario: below 34400.00 look for further downside with 34250.00 & 34060.00 as targets. Comment: the next resistances are at 34765.00 and then at 35000.00.

Daniel_Thompson

Pivot: 15000.00 Our preference: long positions above 15000.00 with targets at 15640.00 & 15810.00 in extension. Alternative scenario: below 15000.00 look for further downside with 14745.00 & 14530.00 as targets. Comment: the RSI is bullish and calls for further advance.

Daniel_Thompson

Pivot: 15730.00 Our preference: long positions above 15720.00 with targets at 15890.00 & 15980.00 in extension. Alternative scenario: below 15700.00 look for further downside with 15670.00 & 15610.00 as targets. Comment: the RSI is mixed and calls for caution.

Daniel_Thompson

Pivot: 15080.00 Our preference: long positions above 15050.00 with targets at 15265.00 & 15365.00 in extension. Alternative scenario: below 15020.00 look for further downside with 14970.00 & 14850.00 as targets. Comment: the next resistances are at 15265.00 and then at 15365.00.

Daniel_Thompson

The Dollar Index sold off after the NFP, losing 0.75% and falling to a two-week low below 102 before turning lower after a failed attempt to consolidate above 103. On Monday, the dollar stabilised near an uptrend line through the local lows of April, May, and June. On Friday, the DXY moved sharply below the 50-day moving average, which looks like an early signal...

Daniel_Thompson

Pivot: 0.6650 Our preference: long positions above 0.6650 with targets at 0.6690 & 0.6705 in extension. Alternative scenario: below 0.6650 look for further downside with 0.6630 & 0.6615 as targets. Comment: the RSI is bullish and calls for further upside