Daniel_Thompson

Daniel_Thompson

Pivot 80.10 Our preference Long positions above 80.10 with targets at 81.70 & 82.50 in extension. Alternative scenario Below 80.10 look for further downside with 79.60 & 78.80 as targets. Comment The RSI is above its neutrality area at 50%. Supports and resistances 83.20 82.50 81.70 80.97 Last 80.10 79.60 78.80 Number of asterisks represents the...

Daniel_Thompson

Pivot 79.30 Our preference Long positions above 79.30 with targets at 80.60 & 81.40 in extension. Alternative scenario Below 79.30 look for further downside with 78.65 & 78.10 as targets. Comment The RSI shows upside momentum. Supports and resistances 82.20 81.40 80.60 80.25 Last 79.30 78.65 78.10 Number of asterisks represents the strength of...

Daniel_Thompson

Our pivot point stands at 166.17. Our preference The upside prevails as long as 166.17 is support. Alternative scenario Below 166.17, expect 165.40 and 164.94. Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above...

Daniel_Thompson

Pivot 78.20 Our preference Long positions above 78.20 with targets at 80.20 & 81.30 in extension. Alternative scenario Below 78.20 look for further downside with 77.60 & 77.10 as targets. Comment The next resistances are at 80.20 and then at 81.30. Supports and resistances 82.40 81.30 80.20 79.29 Last 78.20 77.60 77.10 Number of asterisks...

Daniel_Thompson

Pivot 78.70 Our preference Short positions below 78.70 with targets at 77.10 & 76.40 in extension. Alternative scenario Above 78.70 look for further upside with 79.50 & 80.20 as targets. Comment The RSI lacks upward momentum. Supports and resistances 80.20 79.50 78.70 78.10 Last 77.10 76.40 75.80 Number of asterisks represents the strength of...

Daniel_Thompson

#WaveAnalysis #CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY today reversed up from the key support 104.60 (which has been repeatedly reversing the price from July) standing below the lower daily Bollinger Band. The key support 104.60 was strengthened by the 38.2% Fibonacci correction of the upward impulse from...

Daniel_Thompson

Pivot 16100.00 Our preference Long positions above 16100.00 with targets at 16820.00 & 17300.00 in extension. Alternative scenario Below 16100.00 look for further downside with 15900.00 & 15190.00 as targets. Comment The RSI advocates for further advance. Supports and resistances 17600.00 17300.00 16820.00 16580.00...

Daniel_Thompson

Pivot 16710.00 Our preference Long positions above 16710.00 with targets at 17000.00 & 17070.00 in extension. Alternative scenario Below 16710.00 look for further downside with 16580.00 & 16490.00 as targets. Comment Investors have to remain cautious since these levels may trigger profit taking. Supports and...

Daniel_Thompson

Pivot 36850.00 Our preference Long positions above 36850.00 with targets at 37170.00 & 37280.00 in extension. Alternative scenario Below 36850.00 look for further downside with 36760.00 & 36680.00 as targets. Comment The RSI calls for a new upleg. Supports and resistances 37390.00 37280.00 37170.00 37008.00 Last 36850.00 36760.00 36680.00

Daniel_Thompson

Pivot 16490.00 Our preference Long positions above 16490.00 with targets at 16670.00 & 16740.00 in extension. Alternative scenario Below 16490.00 look for further downside with 16430.00 & 16360.00 as targets. Comment The RSI shows upside momentum. Supports and resistances 16880.00 16740.00 16670.00 16611.00 Last 16490.00 16430.00 16360.00 Number of...

Daniel_Thompson

Pivot 75.85 Our preference Long positions above 75.85 with targets at 76.90 & 77.50 in extension. Alternative scenario Below 75.85 look for further downside with 75.35 & 75.00 as targets. Comment The RSI shows upside momentum. Supports and resistances 78.20 77.50 76.90 76.54 Last 75.85 75.35 75.00 Number of asterisks represents the strength of...

Daniel_Thompson

#WaveAnalysis #GBPCHF reversed from support level 1.1000 Likely to rise to resistance level 1.1125 GBPCHF recently reversed up from the round support level 1.1000, lower boundary of the sideways price range inside which the pair has been trading from the start of November. The support level 1.1000 was strengthened by the lower daily Bollinger Band and by the...

Daniel_Thompson

Daily and weekly charts are also bearish. Pivot 76.30 Our preference Short positions below 76.30 with targets at 75.10 & 74.45 in extension. Alternative scenario Above 76.30 look for further upside with 76.80 & 77.50 as targets. Comment The RSI is bearish and calls for further downside. Supports and resistances 77.50 76.80 76.30 75.59...

Daniel_Thompson

Pivot 74.75 Our preference Long positions above 74.75 with targets at 76.20 & 76.80 in extension. Alternative scenario Below 74.75 look for further downside with 74.20 & 73.60 as targets. Comment The RSI advocates for further advance. Supports and resistances 77.50 76.80 76.20 75.57 Last 74.75 74.20 73.60 Number of asterisks represents the strength...

Daniel_Thompson

Pivot 2035.00 Our preference Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension. Alternative scenario Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets. Comment As long as 2035.00 is resistance, look for choppy price action with a bearish bias. Supports and resistances 2050.00 2043.00 2035.00 2029.09...

Daniel_Thompson

Pivot 75.70 Our preference Short positions below 75.70 with targets at 74.10 & 73.00 in extension. Alternative scenario Above 75.70 look for further upside with 76.70 & 77.60 as targets. Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Supports and resistances 77.60 76.70 75.70 74.74...

Daniel_Thompson

Pivot: 75.35 Our preference: long positions above 75.35 with targets at 77.90 & 78.75 in extension. Alternative scenario: below 75.35 look for further downside with 74.15 & 73.40 as targets. Comment: the next resistances are at 77.90 and then at 78.75.

Daniel_Thompson

#WaveAnalysis #AUDJPY reversed from resistance level 98.40 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the long-term resistance level 98.40, which stopped the sharp weekly uptrend in the middle of 2022, as can be seen below. The resistance level 98.40 was further strengthened by the upper weekly Bollinger Band. Given...