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EUR/USD Intraday: consolidation.
Pivot: 1.1210
Our preference: short positions below 1.1210 with targets at 1.1180 & 1.1160 in extension.
Alternative scenario: above 1.1210 look for further upside with 1.1225 & 1.1240 as targets.
Comment: the RSI lacks upward 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: under pressure.
Pivot: 0.9995
Our preference: short positions below 0.9995 with targets at 0.9960 & 0.9945 in extension.
Alternative scenario: above 0.9995 look for further upside with 1.0010 & 1.0025 as targets.
Comment: the RSI advocates for further decline.
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: consolidation.
Pivot: 108.45
Our preference: short positions below 108.45 with targets at 108.20 & 108.05 in extension.
Alternative scenario: above 108.45 look for further upside with 108.60 & 108.70 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
GBP/USD Intraday: the upside prevails.
Pivot: 1.2545
Our preference: long positions above 1.2545 with targets at 1.2600 & 1.2625 in extension.
Alternative scenario: below 1.2545 look for further downside with 1.2510 & 1.2490 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
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.6860
Our preference: long positions above 0.6860 with targets at 0.6885 & 0.6905 in extension.
Alternative scenario: below 0.6860 look for further downside with 0.6845 & 0.6830 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
USD/CAD Intraday: under pressure.
Pivot: 1.3395
Our preference: short positions below 1.3395 with targets at 1.3360 & 1.3345 in extension.
Alternative scenario: above 1.3395 look for further upside with 1.3415 & 1.3430 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
Gold spot Intraday: watch 1334.50.
Pivot: 1349.00
Our preference: short positions below 1349.00 with targets at 1338.50 & 1334.50 in extension.
Alternative scenario: above 1349.00 look for further upside with 1352.00 & 1356.00 as targets.
Comment: the RSI calls for a new downleg.
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) (N9) Intraday: the upside prevails.
Pivot: 53.55
Our preference: long positions above 53.55 with targets at 54.75 & 55.15 in extension.
Alternative scenario: below 53.55 look for further downside with 53.25 & 52.95 as targets.
Comment: the RSI is bullish and calls for further advance.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
