Our preference: short positions below 1.2325 with targets at 1.2265 & 1.2225 in extension.
Alternative scenario: above 1.2325 look for further upside with 1.2355 & 1.2385 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: rebound.
Pivot: 0.9490
Our preference: long positions above 0.9490 with targets at 0.9535 & 0.9565 in extension.
Alternative scenario: below 0.9490 look for further downside with 0.9465 & 0.9425 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
USD/JPY Intraday: the bias remains bullish.
Pivot: 106.45
Our preference: long positions above 106.45 with targets at 107.00 & 107.30 in extension.
Alternative scenario: below 106.45 look for further downside with 106.25 & 105.90 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: under pressure.
Pivot: 1.3850
Our preference: short positions below 1.3850 with targets at 1.3780 & 1.3755 in extension.
Alternative scenario: above 1.3850 look for further upside with 1.3890 & 1.3915 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
AUD/USD Intraday: intraday support around 0.7770.
Pivot: 0.7770
Our preference: long positions above 0.7770 with targets at 0.7815 & 0.7835 in extension.
Alternative scenario: below 0.7770 look for further downside with 0.7755 & 0.7730 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: the downside prevails.
Pivot: 1.2925
Our preference: short positions below 1.2925 with targets at 1.2835 & 1.2805 in extension.
Alternative scenario: above 1.2925 look for further upside with 1.2960 & 1.3000 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: under pressure.
Pivot: 1323.50
Our preference: short positions below 1323.50 with targets at 1314.50 & 1311.00 in extension.
Alternative scenario: above 1323.50 look for further upside with 1328.00 & 1332.00 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
Crude Oil (WTI) (J18) Intraday: under pressure.
Pivot: 60.80
Our preference: short positions below 60.80 with targets at 59.75 & 59.20 in extension.
Alternative scenario: above 60.80 look for further upside with 61.40 & 61.80 as targets.
Comment: the RSI is capped by a declining 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
