Daniel_Thompson

Daniel_Thompson

Pivot: 14480.00 Our preference: short positions below 14480.00 with targets at 14240.00 & 14130.00 in extension. Alternative scenario: above 14480.00 look for further upside with 14600.00 & 14740.00 as targets. Comment: as long as 14480.00 is resistance, look for choppy price action with a bearish bias.

Daniel_Thompson

Pivot: 31190.00 Our preference: short positions below 31190.00 with targets at 30710.00 & 30400.00 in extension. Alternative scenario: above 31190.00 look for further upside with 31460.00 & 31670.00 as targets. Comment: the RSI advocates for further decline.

Daniel_Thompson

Pivot: 33040.00 Our preference: long positions above 33040.00 with targets at 33350.00 & 33480.00 in extension. Alternative scenario: below 33040.00 look for further downside with 32870.00 & 32730.00 as targets. Comment: the next resistances are at 33350.00 and then at 33480.00.

Daniel_Thompson

#WaveAnalysis #AUDCHF reversed from support level 0.5875 • Likely to rise resistance level 0,5950 AUDCHF today reversed up from the support level 0.5875 (which stopped the previous waves 5 and B), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 23.50 stopped the previous impulse wave 3 of the intermediate impulse...

Daniel_Thompson

#WaveAnalysis #EURJPY reversed from pivotal support level 149.00 • Likely to rise to resistance level 151.60 EURJPY recently reversed up second time from the pivotal support level 149.00 (former top of wave (b) from the start of month). The upward reversal from the support level 149.00 started the active impulse wave (iii), which belongs to the higher order...

Daniel_Thompson

Pivot: 15810.00 Our preference: short positions below 15810.00 with targets at 15690.00 & 15572.00 in extension. Alternative scenario: above 15810.00 look for further upside with 15890.00 & 15960.00 as targets. Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

Daniel_Thompson

#WaveAnalysis #CADJPY reversed from resistance level 100.50 • Likely to fall to support level 98.00 CADJPY currency pair recently reversed down from the pivotal resistance level 100.50 (which has been reversing the price from the middle of December) coinciding with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from...

Daniel_Thompson

Pivot: 33965.00 Our preference: Short positions below 33965.00 with targets at 33800.00 & 33730.00 in extension. Alternative scenario: Above 33965.00 look for further upside with 34030.00 & 34100.00 as targets. Comment: The RSI lacks momentum.

Daniel_Thompson

For now, the market is celebrating the sharp divergence between expectations and reality on inflation by buying more risky assets and selling the dollar. Interest rate futures are already pricing in a 40% chance that the Fed will leave rates at current levels in early May. This is still not a critical reversal, as a week and a month ago, these odds were over 50%...

Daniel_Thompson

Pivot: 33720.00 Our preference: long positions above 33720.00 with targets at 34000.00 & 34150.00 in extension. Alternative scenario: below 33720.00 look for further downside with 33650.00 & 33580.00 as targets. Comment: the RSI is bullish and calls for further upside. Our key levels: Pivot Last 33720 33904 Resistances Supports 34300 34150 34000 33720 33650 33580

Daniel_Thompson

Dow Jones (CME)‎ (H1)‎ Intraday: consolidation in place. Pivot: 33870.00 Our preference: Short positions below 33870.00 with targets at 33450.00 & 33250.00 in extension. Alternative scenario: Above 33870.00 look for further upside with 34029.00 & 34190.00 as targets. Comment: As long as 33870.00 is resistance, look for choppy price action with a bearish bias.

Daniel_Thompson

#EURJPY reversed from key resistance level 145.40 • Likely to fall to support level 142.00 EURJPY recently reversed down from the key resistance level 145.40 (which has been reversing the price from the start of March) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 145.40 created the daily Japanese candlesticks...

Daniel_Thompson

#EURUSD under the bearish pressure • Likely to fall to support level 1.0800 EURUSD under the bearish pressure after the price reversed down from the key resistance area located between the long-term resistance level 1.0950 (which has been reversing the price from the end of April) and the upper daily Bollinger Band. The price is likely to form the daily...

Daniel_Thompson

#WaveAnalysis #Silver broke key resistance level 22.60 • Likely to rise to resistance level 24.50 Silver recently broke the key resistance level 22.60 (former support from December, which has been reversing the price from February). The breakout of the resistance level 22.60 coincided with the breakout of the 50% Fibonacci correction of the previous downward...

Daniel_Thompson

ivot: 32600 Our preference: short positions below 32600 with targets at 31400 & 30350 in extension. Alternative scenario: above 32600 look for further upside with 33560 & 34300 as targets. Comment: the RSI is bearish and calls for further downside. Our key levels: Pivot Last 32600 32420 Resistances Supports 34300 33560 32600 31400 30350 30000

Daniel_Thompson

#WaveAnalysis #WTI crude oil reversed from support level 64.40 • Likely to rise to resistance level 73.20 WTI crude oil recently reversed up from the powerful support level 64.40 (which has been reversing the price from the middle of May). The upward reversal from the support level 64.40 stopped the previous impulse waves 3 and (C). Given the triple bullish...

Daniel_Thompson

EUR/AUD - getting close to psychological price line EUR/AUD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 11 days and may test it again within the next 2 days.

Daniel_Thompson

#WaveAnalysis #Gold broke resistance area • Likely to rise to resistance level 1950.00 Gold recently broke the resistance area located between the resistance level 1855.00 and the 38.2% Fibonacci correction of the downward correction from the start of February. The breakout of this resistance area accelerated the active intermediate impulse wave (1). Gold can...