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Title Date
DAILY SPOT USDJPY - Tuesday's call and technicals 2019/10/15
DAILY SPOT USDJPY - Tuesday's call and technicals 2019/10/01
DAILY SPOT EURJPY - Friday's trade idea and technicals 2019/09/27
DAILY SPOT GBPJPY - Thursday's call and technicals 2019/09/26
DAILY Spot Gold - Wednesday's trade idea and technicals 2019/09/25
DAILY SPOT GBPJPY - Tuesday's trade idea and technicals 2019/09/24
WEEKLY EURJPY - This week's technical analysis & trade strategy 2019/09/23
DAILY SPOT USDJPY - Friday's call and technicals 2019/09/06
DAILY SEP'19 DAX - Thursday's trade idea and technicals 2019/09/05
DAILY SPOT AUDUSD - Wednesday's trade idea and technicals 2019/09/04
DAILY SPOT NZDUSD - Tuesday's call and technicals 2019/09/03
DAILY Sep'19 DAX - Friday's trade idea and technicals 2019/08/30
DAILY SPOT NZDUSD - Thursday's call and technicals 2019/08/29
DAILY SPOT USDJPY - Wednesday's trade idea and technicals 2019/08/28
SPOT GBPJPY - Tuesday's trade idea and technicals 2019/08/27
EURUSD & CABLE Weekly Technical Analysis 2019/08/25
DAX & GOLD Weekly Technical Analysis 2019/08/25
DAILY Sep'19 FTSE - Friday's trade idea and technicals 2019/08/09
DAILY SPOT GOLD - Thursday's call and technicals 2019/08/08
DAILY Sep'19 EUROSTOXX - Wednesday's trade idea and technicals 2019/08/07
DAILY SPOT EURJPY - Tuesday's call and technicals 2019/08/06
DAX & OIL Weekly Technical Analysis 2019/08/04
USDJPY & GBPJPY Weekly Technical Analysis 2019/08/04
Crude Oil Daily Technical Analysis 2019/08/01
GOLD Daily Technical Analysis 2019/07/31
DAILY Sep'19 EUROSTOXX - Friday's trade idea and technicals 2019/07/26
DAILY SPOT GOLD - Thursday's call and technicals 2019/07/25
DAILY SPOT AUDJPY - Wednesday's trade idea and technicals 2019/07/24
DAILY MAR'19 EUROSTOXX - Tuesday's trade idea and technicals 2019/07/23
Bunds & EStoxx Weekly Technical Analysis 2019/07/21
USDJPY & EURJPY Weekly Technical Analysis 2019/07/21
DAILY SPOT GBPJPY - Friday's trade idea and technicals 2019/07/19
DAILY SPOT GOLD - Thursday's call and technicals 2019/07/18
DAILY SPOT EURJPY - Wednesday's trade idea and technicals 2019/07/17
DAILY SEP'19 DAX - Tuesday's trade idea and technicals 2019/07/16
This week's technical analysis for EURUSD & USDCHF including targets, risk and charts. Star patterns to Dominate 2019/07/07
USDJPY & AUDUSD Weekly Technical Analysis 2019/07/07
DAILY SPOT GOLD - Thursday's call and technicals 2019/07/04
DAILY Sep'19 DAX - Wednesday's trade idea and technicals 2019/07/03
DAILY Sep'19 DAX - Wednesday's trade idea and technicals 2019/07/03
DAILY SPOT AUDUSD - Tuesday's call and technicals 2019/07/02
Gold & Oil Weekly Technical Analysis 2019/07/01
AUDUSD Daily Technical Analysis 2019/06/28
Sep EStoxx Daily Technical Analysis 2019/06/26
USDJPY Daily Technical Analysis 2019/06/26
FTSE Daily Technical Analysis 2019/06/25
USDCHF Daily Technical Analysis 2019/06/25
USDCHF Daily Technical Analysis 2019/06/21
DAILY SPOT USDJPY - Thursday's call and technicals 2019/06/20
DAILY JUN'19 EUROSTOXX - Wednesday's trade idea and technicals 2019/06/19
DAILY SPOT USDCAD - Tuesday's call and technicals 2019/06/18
WEEKLY GBPJPY - This week's trade idea and technicals 2019/06/17
DAILY Sep'19 US TBONDS - Friday's trade idea and technicals 2019/06/14
DAILY SPOT USDJPY - Thursday's call and technicals 2019/06/13
DAILY SPOT USDCAD - Wednesday's trade idea and technicals 2019/06/12
DAILY SPOT NZDUSD - Tuesday's call and technicals 2019/06/11
DAX & DOW Weekly Technical Analysis 2019/06/09
EURUSD & EURJPY Weekly Technical Analysis 2019/06/09
DAILY SPOT EURPLN - Friday's trade idea and technicals 2019/06/07
DAILY SPOT EURJPY - Thursday's call and technicals 2019/06/06
DAILY SPOT GBPJPY - Wednesday's trade idea and technicals 2019/06/05
DAILY SPOT NZDUSD - Tuesday's call and technicals 2019/06/04
CABLE & USDJPY Weekly Technical Analysis 2019/06/02
Bunds & Gilts Weekly Technical Analysis 2019/06/02
USDCAD Daily Technical Analysis 2019/05/31
USDCAD Daily Technical Analysis 2019/05/30
NZDUSD Daily Technical Analysis 2019/05/29
USDCHF Daily Technical Analysis 2019/05/28
USDCHF Daily Technical Analysis 2019/05/28
DAILY SPOT USDJPY - Friday's call and technicals 2019/05/24
DAILY SPOT USDJPY - Thursday's call and technicals 2019/05/23
DAILY JUN'19 BUNDS - Wednesday's trade idea and technicals 2019/05/22
DAILY SPOT EURPLN - Tuesday's call and technicals 2019/05/21
Bunds & Gilts Weekly Technical Analysis 2019/05/19
EURUSD & CABLE Weekly Technical Analysis 2019/05/19
DAILY SPOT EURJPY - Friday's trade idea and technicals 2019/05/17
DAILY SPOT EURPLN - Wednesday's trade idea and technicals 2019/05/15
DAILY JUN'19 DAX - Tuesday's trade idea and technicals 2019/05/14
Weekly Technical Analysis for GILTS & FTSE 2019/05/13
USDJPY & GBPJPY Weekly Technical Analysis 2019/05/13
DAILY SPOT EURPLN - Friday's trade idea and technicals 2019/05/10
DAILY SPOT GBPJPY - Thursday's call and technicals 2019/05/09
DAILY Jun'19 DAX - Wednesday's trade idea and technicals 2019/05/08
DAILY SPOT AUDUSD - Tuesday's call and technicals 2019/05/07
USDJPY & EURJPY Weekly Technical Analysis 2019/05/06
DAILY SPOT USDJPY - Friday's call and technicals 2019/05/03
DAILY SPOT USDJPY - Thursday's call and technicals 2019/05/02
DAILY JUN'19 FTSE - Wednesday's trade idea and technicals 2019/05/01
DAILY MAR'19 DAX - Tuesday's trade idea and technicals 2019/04/30
WEEKLY BUNDS - This week's trade idea and technicals 2019/04/29
DAX & FTSE Weekly Technical Analysis 2019/04/28
EURUSD & EURGBP Weekly Technical Analysis 2019/04/28
AUDUSD Daily Technical Analysis 2019/04/26
USDCHF Daily Technical Analysis 2019/04/25
CABLE Daily Technical Analysis 2019/04/24
DAILY SPOT EURGBP - Wednesday's trade idea and technicals 2019/04/17
DAILY SPOT AUDJPY - Tuesday's call and technicals 2019/04/16
This Week's Technical Analysis for EURJPY & AUDJPY 2019/04/14
DAILY SPOT NZDUSD - Friday's trade idea and technicals 2019/04/12
DAILY SPOT AUDUSD - Thursday's call and technicals 2019/04/11

Analysts

  • Alan Collins

    Partner Years of Experience: 35
  • Steve Lucas

    Partner Years of Experience: 35
Steve Lucas

DAILY SPOT USDJPY - Tuesday's call and technicals

A rising trend of higher daily lows and highs and improving sentiment above the 50 & 100 day average rates have kept this week’s signals pointing higher. However, with weekly sentiment alternating between bullish and bearish for 4 weeks in a row and with prices trading towards the 200 day line the call is a cautious one. Monday saw bullish momentum stall though with prices trading sideways inside Friday’s up-day for a little changed close. There is no sell signal, but the loss of momentum has left a negative bias and the outlook for Tuesday is to stay square on the open and to sell on the rall...

Steve Lucas

DAILY SPOT USDJPY - Tuesday's call and technicals

Despite ending a sequence of higher weekly lows, last week’s buying from close to the 50 day average rate has left this week’s signals pointing cautiously higher. While Monday posted a 4th higher daily low in a row gains have so far been limited. Intraday signals are subsequently not strong, but in the absence of a bearish reversal pattern the outlook for Tuesday remains cautiously bullish and the call is to buy on the open and then at 108.03, today’s Asia low with a stop loss at 107.65, Friday’s base. Targets are to 108.43, September’s high, 108.67, the last 9 week open and 109.32, August’s t...

Steve Lucas

DAILY SPOT EURJPY - Friday's trade idea and technicals

Bearish signals on the week and in each of the previous 3 days had been confirmed, but with downside momentum slowing with prices testing 117.45, a 62% pullback to the entire September gains, Thursday’s signals were more cautious and neutral. These were confirmed as sentiment traded sideways inside the specified range for a little changed close. Although signals are little changed, the absence of a bounce reverts Friday’s outlook to cautiously bearish and the call is to sell on the open and then at 117.93, Thursday’s opening trade with a stop loss at 118.20, Wednesday’s top. Targets are to 117...

Steve Lucas

DAILY SPOT GBPJPY - Thursday's call and technicals

September’s 9 Big Fig rally has stalled from close to the 100 day average rate as well as a weekly bear trend, and signals in each of the last 2 days have pointed cautiously lower. These have been confirmed with yesterday posting a loss of almost 1 Big Fig. Although this is negative, intraday signals remains weak as prices trade in between their 50 & 100 day average rates. However, with no sign yet that the pullback is ending the outlook for Thursday remains bearish and the call is to sell on the open and then at 133.80, Wednesday’s opening trade with a stop loss at 134.60, this week’s top. Ta...

Steve Lucas

DAILY Spot Gold - Wednesday's trade idea and technicals

A 73 Pt sell-off since this month’s near 6 ½ year top at 1557.3 has attracted buyers back to the market from close to 1479.0, a 50% pullback to the entire August gains and this week’s signals have continued to point higher. Tuesday’s signals were also bullish, and these too were confirmed as the dip was bought at the low and for sentiment to rally by 20 Pts. A sequence of higher daily lows has been extended which is positive for sentiment, but with shorter-term signals overstretched there is the potential for profit taking pullbacks. These should be temporary and the outlook for Wednesday rema...

Steve Lucas

DAILY Spot Gold - Wednesday's trade idea and technicals

A 73 Pt sell-off since this month’s near 6 ½ year top at 1557.3 has attracted buyers back to the market from close to 1479.0, a 50% pullback to the entire August gains and this week’s signals have continued to point higher. Tuesday’s signals were also bullish, and these too were confirmed as the dip was bought at the low and for sentiment to rally by 20 Pts. A sequence of higher daily lows has been extended which is positive for sentiment, but with shorter-term signals overstretched there is the potential for profit taking pullbacks. These should be temporary and the outlook for Wednesday rema...

Steve Lucas

DAILY SPOT GOLD - Thursday's call and technicals

All our weekly targets have been met as in line with daily signals which have continued to point higher, investors bought the market on Wednesday to post a 4th higher daily low & high in a row and a gain of 36 Pts. A fresh over 6 year top at 1510.4 has kept daily signals for sentiment much overstretched and the potential for a profit taking pullback is high. Weakness into the close and modest selling in Asia this morning hasn’t offered a clear bearish reversal pattern, but there is a cautiously negative bias and signals for Thursday are pointing temporarily lower and the call is to sell on the...

Steve Lucas

Crude Oil Daily Technical Analysis

Demand for Oil saw the market bought to higher levels for a 3rd day in a row Wednesday. But those gains were limited and not maintained as demand faltered at...read more on attached PDF

Steve Lucas

GOLD Daily Technical Analysis

Although our bullish call was confirmed yesterday with Gold bought at higher levels for a 3rd day in a row, price action was muted. Like the F.I markets demand has failed to take Gold...read more includng daily targets, risk and chart on attached PDF

Steve Lucas

DAILY SPOT GOLD - Thursday's call and technicals

Despite a 3 day sell-off of almost 40 Pts since Friday’s 6 year high at 1453.0, Wednesday’s signals switched to bullish. These were confirmed with gains of over 11 Pts. Although this is positive, concerning for bulls is the fact that a sequence of lower daily highs has remained intact. It is for this reason that while Thursday’s signals remain bullish the outlook is cautious to start with and is to stay square on the open and to buy the dip at 1416.7, yesterday’s low with a stop loss at 1405.7, the 17th July open, or to buy up through 1436.0, Friday’s Marabuzo line with a stop loss at 1426.0. ...

Steve Lucas

Bunds & Gilts Weekly Technical Analysis

Bunds & Gilts Weekly Technical Analysis including targets, risk and charts

Steve Lucas

DAILY JUN'19 BUNDS - Wednesday's trade idea and technicals

While weekly signals continue to point higher and to buying dips, Tuesday’s signals switched to temporarily bearish. These were confirmed with sentiment posting a 2nd lower daily high & low in a row and a loss of almost ½ Pt. The pullback is probably temporary profit taking and futures are testing their 13 day average rate and more importantly 166.06, the window which has remained open since the last 2 week close. Until this level is broken the outlook for Wednesday remains just cautiously bearish and the call is to sell on the open and then at 166.74, yesterday’s opening trade with a stop los...

Steve Lucas

Bunds & Gilts Weekly Technical Analysis

Bunds & Gilts Weekly Technical Analysis including charts, targets and risk levels

Steve Lucas

Jun BUNDS & US 30 years Weekly Technical Analysis

Jun BUNDS & US 30 years Weekly Technical Analysis including targets, risk and charts.

Steve Lucas

Jun BUNDS - Daily Technical Analysis

Yesterday's bullish call had some limited success. But overall the day was one of consolidation as the market paused at overbought extremes. Minor net losses ended a sequence of 4 up days although all price action was caught........

Steve Lucas

DAILY SPOT USDJPY - Tuesday's call and technicals

A rising trend of higher daily lows and highs and improving sentiment above the 50 & 100 day average rates have kept this week’s signals pointing higher. However, with weekly sentiment alternating between bullish and bearish for 4 weeks in a row and with prices trading towards the 200 day line the call is a cautious one. Monday saw bullish momentum stall though with prices trading sideways inside Friday’s up-day for a little changed close. There is no sell signal, but the loss of momentum has left a negative bias and the outlook for Tuesday is to stay square on the open and to sell on the rall...

Steve Lucas

DAILY SPOT USDJPY - Tuesday's call and technicals

Despite ending a sequence of higher weekly lows, last week’s buying from close to the 50 day average rate has left this week’s signals pointing cautiously higher. While Monday posted a 4th higher daily low in a row gains have so far been limited. Intraday signals are subsequently not strong, but in the absence of a bearish reversal pattern the outlook for Tuesday remains cautiously bullish and the call is to buy on the open and then at 108.03, today’s Asia low with a stop loss at 107.65, Friday’s base. Targets are to 108.43, September’s high, 108.67, the last 9 week open and 109.32, August’s t...

Steve Lucas

DAILY SPOT EURJPY - Friday's trade idea and technicals

Bearish signals on the week and in each of the previous 3 days had been confirmed, but with downside momentum slowing with prices testing 117.45, a 62% pullback to the entire September gains, Thursday’s signals were more cautious and neutral. These were confirmed as sentiment traded sideways inside the specified range for a little changed close. Although signals are little changed, the absence of a bounce reverts Friday’s outlook to cautiously bearish and the call is to sell on the open and then at 117.93, Thursday’s opening trade with a stop loss at 118.20, Wednesday’s top. Targets are to 117...

Steve Lucas

DAILY SPOT GBPJPY - Thursday's call and technicals

September’s 9 Big Fig rally has stalled from close to the 100 day average rate as well as a weekly bear trend, and signals in each of the last 2 days have pointed cautiously lower. These have been confirmed with yesterday posting a loss of almost 1 Big Fig. Although this is negative, intraday signals remains weak as prices trade in between their 50 & 100 day average rates. However, with no sign yet that the pullback is ending the outlook for Thursday remains bearish and the call is to sell on the open and then at 133.80, Wednesday’s opening trade with a stop loss at 134.60, this week’s top. Ta...

Steve Lucas

DAILY SPOT GBPJPY - Tuesday's trade idea and technicals

With September’s 9 Big Fig rally stalling and consolidating around the 100 day average rate, but in the absence of a sell signal, this week’s outlook is to stay square on the open and to buy the dip. Monday’s saw sentiment weaken moderately with a 3rd lower daily low in a row and although intraday signals are not strong, for Tuesday there is a temporarily negative bias and the call is to sell modestly on the open and then at 134.22, this week’s opening trade with a stop loss at 135.75, Friday’s top. Targets are to 133.05, the last 2 week Marabuzo line, 132.16, the 12th Sep base and 130.80, the...

Steve Lucas

DAX & OIL Weekly Technical Analysis

DAX & OIL Weekly Technical Analysis including targets, risk and charts

Alan Collins

Weekly Technical Analysis for Mar BUNDS & GILTS futures

For this week's technical analysis outlook, targets, risk and charts, for Mar BUNDS & GILTS futures, please see attached PDF

Alan Collins

Weekly Bund/Gilts futures techncial analysis forecasts

Contrary to last week's forecast, an extension of the previous week's decline prove limited. Bundsdid trade the bulk of the week beneath the crucial 13 day mvg avg but sentiment was sharplyreversed with Friday’s strong upside that produced a 4th up....read more, including targets, risk and charts, on attached PDF

Steve Lucas

DAILY SEP'19 DAX - Thursday's trade idea and technicals

Sep'19 Contract – Bullish signals on the week have been confirmed, as despite 2 days of indecision, buyers returned to the market yesterday for sentiment to post a gain of almost 175 Pts. Although a daily reverse Head & Shoulders pattern formed at last month’s low has pointed signals higher, the rally may be corrective. With no sign yet that it is ending though the outlook for Thursday remains bullish and the call is to buy just modestly on the open and then at 12070.0 with a stop loss at 11993.5, yesterday’s afternoon low. Targets are to 12250.0, August’s high, 12403.0, the last 5 week open a...

Steve Lucas

DAILY Sep'19 DAX - Friday's trade idea and technicals

Sep'19 Contract – Thursday’ signals pointed cautiously lower but following a bearish open and initial losses of 70 Pts the short position was cut at breakeven as buyers returned to the market and for sentiment to post a gain of almost 200 Pts on the day. This is positive and signals have improved, but futures are testing the neckline to a potential bullish Head & Shoulders reversal pattern. Until this formation is confirmed the outlook for Friday is just cautiously bullish and the call is to buy on the open and then at 11820.0 with a stop loss at 11768.0, yesterday’s Marabuzo line. Targets are...

Steve Lucas

DAX & GOLD Weekly Technical Analysis

Sep DAX & Gold Weekly Technical Analysis including targets, risk and charts

Steve Lucas

DAILY Sep'19 FTSE - Friday's trade idea and technicals

Sep'19 - Like mainland Europe, all this week’s bearish targets have been met with an initial over 325 Pt sell-off. However, with daily sentiment subsequently oversold near the psychological 7000.0 level, here too Thursday’s signals pointed temporarily higher. Also confirmed, a 2nd higher daily low & high in a row saw gains of almost 100 Pts but limited to inside Monday’s down-day. Sellers have returned to the market in Asia this morning and although there is no clear bearish reversal pattern there is a negative bias to signals. For this reason, the outlook for Friday is cautiously negative and...

Steve Lucas

DAILY Sep'19 EUROSTOXX - Wednesday's trade idea and technicals

Sep'19 Contract – Bearish signals on the week have been already been confirmed, but with losses of over 320 Pts since July’s 3569 top leaving daily sentiment much oversold, Tuesday’s signals pointed to staying square on the open and to selling the rally at 3333, Monday’s Marabuzo line. This was the top and confirmed with a 34 Pt pullback from the high. With no sign that negative sentiment is ending and with signals still pointing lower the outlook for Wednesday remains bearish and the call is to sell just modestly on the open and then at 3298, today’s Asia high with a stop loss at 3338, Monday...

Steve Lucas

DAILY Sep'19 US TBONDS - Friday's trade idea and technicals

This week’s signals have continued to point higher, but with daily sentiment overstretched they also point to buying dips. This has so far been confirmed, but with the recovery since Tuesday’s 152-27 base stalling ahead of June’s 155-01 top Thursday’s signals were more cautious and neutral. Although these too were confirmed, a 2nd higher daily low in a row has left a cautiously bullish bias to signals and the call for Friday is to buy on the open and then at 153-22 with a stop loss at 153-12, Wednesday’s base. Targets are to 154-15/17, last week’s close, 154-30/01, June’s top and 155-16.

Steve Lucas

WEEKLY BUNDS - This week's trade idea and technicals

In line with last week's bullish forecast, the preceding week's buying at the 13 week average extended. A 2nd up week in a row was primarily driven by Wednesday’s gains but profit taking attempts at the beginning and end of the week were limited. This keeps the technical focus on the topside and so this week’s call is Bullish from the open but leaving room to also buy a 165.38 dip, Wednesday’s Marabuzo line. The risk is last week's 164.71 base with upside targets of 166.21, the 4 week high, 166.75, March’s peak, or even towards 167.34.

Steve Lucas

SPOT EURUSD - signals revert to bullish, but look for pullback

​ Although our first downside target was met Wednesday, European trading saw limited movement in EURUSD. But the underlying positive tone, reflected in this week's report, reasserted post FOMC with a powerful move of more than a big figure. This kept the currency pair near the top of a bullish Keltner channel and took the market to new 2 ½ year highs. Of course, the speed and scope of the move means intraday signals for sentiment are overbought, especially after further Asian gains, but it is likely that a probable negative reaction will prove temporary. Therefore, our call for this morning is...

Steve Lucas

DAILY BUND - signals not strong, but bearish bias

Bunds continue trading in a range around the 13 day mvg avg and a Marabuzo line created on Sep 27th. Yesterday's initial lows and the subsequent highs were both rejected and this, and the recent 8 day trendlessness, cannot supply firm intraday signals for sentiment. So caution is demanded of any analysis. Nonetheless our intraday studies are mildly negative and so, with a good deal of caution, this morning’s call is a Sell but leaving room to Sell any Rally to 161.49. The risk is this month’s 161.82 top with an immediate target of 161.07, this week's low. A move through that point then exposes...

Steve Lucas

DEC'17 EUROSTOXX - bullish sentiment returns and signals point to buying dips

Dec'17 Contract – Ahead of Wednesday’s FOMC sentiment for EUROSTOXX has been trading sideways with futures prices little changed for 7 days in a row. However, in line with the bullish weekly call buyers have returned to the market post-meeting on Wednesday, sentiment rallying by 23 Pts on the day. With no sign that demand is ending, but with daily sentiment still overstretched the outlook for Thursday is to buy modestly on the open and then at 3523, Wednesday’s Marabuzo line with a stop loss at 3504, the window which has remained open since last week’s close. Targets are to 3545/50, 3574, the ...

Steve Lucas

DAILY SPOT AUDUSD - shooting star and end to higher lows signals temporary pullback

Although a trend of higher weekly lows highlights bullish AUDUSD sentiment and the demand to buy dips, a daily Shooting Star at Friday’s 27 month high at .8126 has signalled the potential for a temporary pullback. This is occurring with Monday’s near ½ Big Fig losses ending a trend of higher daily lows. With no sign that the correction is ending, the outlook for Tuesday is to sell on the open and then at .8038, Monday’s Marabuzo line with a stop loss at .8074, yesterday’s high. Targets are to .8003, today’s Asia low, .7973, Thursday’s base and .7932, last week’s low trade.

Steve Lucas

WEEKLY SPOT USDCAD - bounces provide selling opportunities

Last week's negative call was confirmed and all our downside targets were met as a 4th down week in a row was posted. USDCAD was sold to lower levels each day with the market hugging the bottom of falling daily & weekly Keltner channels. In addition more than half of the 2012-16 rise has now been corrected. Signals for sentiment are oversold and there is potential for Friday’s profit taking reaction to extend in early price action. But the undertone is clearly bearish and so our call for this week is a Sell but leaving room to Sell any Rally to 1.2242, Thursday’s high. The risk is 1.2374, Wedn...

Steve Lucas

SPOT AUDUSD - overbought, but dip buying dominating investor sentiment

Bullish signals for AUDUSD on the week and for Thursday have been confirmed, investors buying the market yesterday to post a 5th higher daily low & high in a row and a gain of ½ Big Fig on the day. There is no sign that the demand to buy dips is ending, but with intraday sentiment much overstretched pullbacks must be expected. Against this background the outlook for Friday is to buy only modestly on the open and then at .8090 with a stop loss at .8042, today’s Asia low. Targets are to .8135, .8163, the May 2015 top and .8220.

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