EUR/USD Intraday: continuation of the rebound.
Pivot:
1.0875
Our preference:
Long positions above 1.0875 with targets at 1.0920 & 1.0940 in extension.
Alternative scenario:
Below 1.0875 look for further downside with 1.0860 & 1.0840 as targets.
Comment:
The RSI is mixed with a bullish bias.
| USD/JPY Intraday: consolidation in place. Pivot:143.70 Our preference: Short positions below 143.70 with targets at 143.20 & 142.95 in extension. Alternative scenario: Above 143.70 look for further upside with 143.90 & 144.10 as targets. Comment: As long as the resistance at 143.70 is not surpassed, the risk of a break below 143.20 remains high. |
| GBP/USD Intraday: further advance. Pivot:1.2710 Our preference: Long positions above 1.2710 with targets at 1.2740 & 1.2760 in extension. Alternative scenario: Below 1.2710 look for further downside with 1.2690 & 1.2670 as targets. Comment: The RSI is mixed with a bullish bias. |
Gold Intraday: aim @ 1936.00.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1929.00 & 1936.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1910.00 & 1904.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (Q3) Intraday: bullish bias above 68.65.
Pivot:
68.65
Our preference:
Long positions above 68.65 with targets at 70.10 & 70.90 in extension.
Alternative scenario:
Below 68.65 look for further downside with 68.10 & 67.35 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Nasdaq 100 (CME) (U3) Intraday: consolidation.
Pivot:
15140.00
Our preference:
Short positions below 15140.00 with targets at 15030.00 & 14960.00 in extension.
Alternative scenario:
Above 15140.00 look for further upside with 15235.00 & 15350.00 as targets.
Comment:
As long as 15140.00 is resistance, expect a return to 15030.00.
Dax (Eurex) Intraday: key resistance at 16135.00.
Pivot:
16135.00
Our preference:
Short positions below 16135.00 with targets at 15860.00 & 15760.00 in extension.
Alternative scenario:
Above 16135.00 look for further upside with 16230.00 & 16320.00 as targets.
Comment:
As long as the resistance at 16135.00 is not surpassed, the risk of a break below 15860.00 remains high.
Dow Jones (CME) (U3) Intraday: key resistance at 34120.00.
Pivot:
34120.00
Our preference:
Short positions below 34120.00 with targets at 33910.00 & 33840.00 in extension.
Alternative scenario:
Above 34120.00 look for further upside with 34250.00 & 34370.00 as targets.
Comment:
As long as 34120.00 is resistance, look for choppy price action with a bearish bias.
SGX CNX Nifty (M3) intraday: short-term rebound
18677.5 is our pivot point.
Our preference:
Short-term rebound.
Alternative scenario:
The downside breakout of 18677.5 would call for 18632 and 18605.
Comment:
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. SGX CNX Nifty (M3) stands above its 20-period moving average (18697.5) but below its 50-period moving average (18735.0).
Bitcoin / Dollar intraday: the downside prevails as long as 30590 is the resistance
Our pivot point is at 30590.
Our preference:
The downside prevails as long as 30590 is the resistance.
Alternative scenario:
The upside breakout of 30590, would call for 30990 and 31230.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50-period moving averages (respectively at 30356 and 30546).
