Our preference: short positions below 1.1835 with targets at 1.1760 & 1.1720 in extension.
Alternative scenario: above 1.1835 look for further upside with 1.1855 & 1.1875 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/CHF Intraday: consolidation.
Pivot: 1.0020
Our preference: short positions below 1.0020 with targets at 0.9980 & 0.9955 in extension.
Alternative scenario: above 1.0020 look for further upside with 1.0040 & 1.0055 as targets.
Comment: the RSI is mixed to bearish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: further advance.
Pivot: 110.60
Our preference: long positions above 110.60 with targets at 111.25 & 111.60 in extension.
Alternative scenario: below 110.60 look for further downside with 110.40 & 110.05 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: the downside prevails.
Pivot: 1.3530
Our preference: short positions below 1.3530 with targets at 1.3450 & 1.3420 in extension.
Alternative scenario: above 1.3530 look for further upside with 1.3570 & 1.3600 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
AUD/USD Intraday: under pressure.
Pivot: 0.7525
Our preference: short positions below 0.7525 with targets at 0.7495 & 0.7475 in extension.
Alternative scenario: above 0.7525 look for further upside with 0.7545 & 0.7565 as targets.
Comment: the RSI is mixed to bearish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/CAD Intraday: the bias remains bullish.
Pivot: 1.2785
Our preference: long positions above 1.2785 with targets at 1.2850 & 1.2870 in extension.
Alternative scenario: below 1.2785 look for further downside with 1.2750 & 1.2725 as targets.
Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Gold spot Intraday: the downside prevails.
Pivot: 1291.00
Our preference: short @ 1288.50 with targets @ 1284.50 & 1279.00 in extension.
Alternative scenario: above 1291.00 look for further upside with 1294.50 & 1297.00 as targets.
Comment: the RSI broke below a rising trend line.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Crude Oil (WTI) (M18) Intraday: towards 71.10.
Pivot: 71.90
Our preference: short positions below 71.90 with targets at 71.10 & 70.85 in extension.
Alternative scenario: above 71.90 look for further upside with 72.25 & 72.55 as targets.
Comment: the RSI is mixed with a bearish bias.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
