EUR/USD Intraday: capped by a negative trend line.
Pivot:
1.0890
Our preference:
Short positions below 1.0890 with targets at 1.0850 & 1.0835 in extension.
Alternative scenario: Above 1.0890 look for further upside with 1.0905 & 1.0925 as targets.
The break below 1.0890 is a negative signal that has opened a path to 1.0850.
USD/JPY Intraday: further advance.
Pivot:
144.35
Our preference:
Long positions above 144.35 with targets at 144.70 & 144.90 in extension.
Alternative scenario:
Below 144.35 look for further downside with 144.20 & 144.00 as targets.
The RSI is bullish and calls for further upside.
GBP/USD Intraday: under pressure.
Pivot:
1.2725
Our preference:
Short positions below 1.2725 with targets at 1.2690 & 1.2675 in extension.
Alternative scenario:
Above 1.2725 look for further upside with 1.2740 & 1.2755 as targets.
The RSI is bearish and calls for further downside.
Gold Intraday: the bias remains bullish.
Pivot:
1920.00
Our preference:
Long positions above 1920.00 with targets at 1930.00 & 1935.00 in extension.
Alternative scenario:
Below 1920.00 look for further downside with 1915.00 & 1910.00 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (Q3) Intraday: the bias remains bullish.
Pivot:
70.50
Our preference:
Long positions above 70.50 with targets at 71.35 & 71.75 in extension.
Alternative scenario:
Below 70.50 look for further downside with 70.10 & 69.70 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
Nasdaq 100 (CME) (U3) Intraday: target 15460.00.
Pivot:
15200.00
Our preference:
Long positions above 15200.00 with targets at 15460.00 & 15600.00 in extension.
Alternative scenario:
Below 15200.00 look for further downside with 15020.00 & 14850.00 as targ
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Dax (Eurex) Intraday: under pressure.
Pivot:
16250.00
Our preference:
Short positions below 16250.00 with targets at 16070.00 & 16000.00 in extension.
Alternative scenario:
Above 16250.00 look for further upside with 16320.00 & 16380.00 as targets.
The RSI is bearish and calls for further decline.
Dow Jones (CME) (U3) Intraday: intraday support around 34520.00.
Pivot:
34520.00
Our preference:
Long positions above 34520.00 with targets at 34720.00 & 34900.00 in extension.
Alternative scenario:
Below 34520.00 look for further downside with 34380.00 & 34220.00 as targets.
A support base at 34520.00 has formed and has allowed for temporary stabilization.
SGX CNX Nifty (N3) intraday: the upside prevails as long as 19218 is support
Our pivot point stands at 19218.0.
Our preference:
The upside prevails as long as 19218 is supported.
Alternative scenario:
Below 19218, expect 19140.5 and 19094.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. SGX CNX Nifty (N3) is trading above both its 20 and 50 period moving averages (respectively at 19226.4 and 19189.2).
Bitcoin / Dollar intraday: rebound towards 31620
Our pivot point stands at 30520.
Our preference:
Rebound towards 31620.
Alternative scenario
The downside breakout of 30520 would call for 30090 and 29830.
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20-period moving average (30801) but under its 50-period moving average (30921).
