The pair could retrace.
Alternative scenario: the downside breakout of 1.2391 would call for 1.2352 and 1.2329.
Long positions above 0.6645 with targets at 0.6695 & 0.6710 in extension.
Short positions below 0.9070 with targets at 0.9010 & 0.8980 in extension.
Short positions below 1.3515 with targets at 1.3455 & 1.3440 in extension.
Long positions above 133.00 with targets at 133.85 & 134.20 in extension.
Long positions above 1.2400 with targets at 1.2465 & 1.2485 in extension.
Long positions above 1.0890 with targets at 1.0935 & 1.0965 in extension.
Short positions below 102.3800 with targets at 102.0000 & 101.8800 in extension.
Here’s a look at the S&P 500 from a technical perspective, even as fundamental traders and inves...
Short positions below 1.3525 with targets at 1.3475 & 1.3455 in extension.
Long positions above 1.2400 with targets at 1.2465 & 1.2485 in extension.
Long positions above 1.0890 with targets at 1.0935 & 1.0965 in extension.
Long positions above 0.6645 with targets at 0.6695 & 0.6710 in extension.
The MACD must break above its zero level to trigger further gains.
Our preference: as long as 164.96 is support look for 166.77.
The configuration is negative.
The MACD is above its signal line and negative.
The MACD is below its signal line and positive.
Our preference: the upside prevails as long as 1.7499 is support.
The MACD is negative and above its signal line.
The MACD is above its signal line and negative.
Alternative scenario: the upside breakout of 0.6393 would call for 0.6596 and 0.6717.
Our preference: the upside prevails as long as 140.99 is support.
Alternative scenario: the downside breakout of 161.74 would call for 157.37 and 154.77.
The configuration is positive.
The configuration is negative.
Alternative scenario: the upside breakout of 1.0023 would call for 1.0199 and 1.0303.
Alternative scenario: below 6.7712, expect 6.6293 and 6.5448.
The MACD is above its signal line and positive.