Bitcoin / Dollar intraday: the downside prevails as long as 27900 is the resistance
27900 is our pivot point.
Our preference:
The downside prevails as long as 27900 is the resistance.
Alternative scenario:
The upside breakout of 27900, would call for 28410 and 28720.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving averages (respectively at 27593 and 27691).
SGX CNX Nifty (K3) intraday: the upside prevails as long as 18335.5 is support
18335.5 is our pivot point.
Our preference:
The upside prevails as long as 18335.5 is supporting.
Alternative scenario:
Below 18335.5, expect 18253 and 18204.
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. SGX CNX Nifty (K3) is above its 20 and 50 period moving averages (respectively at 18379.4 and 18355.4).
Dow Jones (CME) (M3) Intraday: 34030.00 in sight.
Pivot:
33310.00
Our preference:
Long positions above 33310.00 with targets at 33840.00 & 34030.00 in extension.
Alternative scenario:
Below 33310.00 look for further downside with 33170.00 & 33000.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Dax (Eurex) Intraday: consolidation in place.
Pivot:
16090.00
Our preference:
Short positions below 16090.00 with targets at 15950.00 & 15870.00 in extension.
Alternative scenario:
Above 16090.00 look for further upside with 16160.00 & 16220.00 as targets.
Comment:
As long as 16090.00 is resistance, look for choppy price action with a bearish bias.
Nasdaq 100 (CME) (M3) Intraday: the upside prevails.
Pivot:
13260.00
Our preference:
Long positions above 13260.00 with targets at 13560.00 & 13700.00 in extension.
Alternative scenario:
Below 13260.00 look for further downside with 13160.00 & 13090.00 as targets.
Comment:
The RSI advocates for further advance.
Crude Oil (WTI) (M3) Intraday: expect 74.60.
Pivot:
72.20
Our preference:
Long positions above 72.20 with targets at 73.85 & 74.60 in extension.
Alternative scenario:
Below 72.20 look for further downside with 71.80 & 71.35 as targets.
Comment:
The RSI advocates for further advance.
| Gold Intraday: expect 2017.00. Pivot:2038.00 Our preference: Short positions below 2038.00 with targets at 2022.00 & 2017.00 in extension. Alternative scenario: Above 2038.00 look for further upside with 2043.00 & 2048.00 as targets. Comment: The RSI has just struck against its neutrality area at 50% and is reversing down. |
EUR/USD Intraday: the upside prevails.
Pivot:
1.0960
Our preference:
Long positions above 1.0960 with targets at 1.1005 & 1.1025 in extension.
Alternative scenario:
Below 1.0960 look for further downside with 1.0940 & 1.0920 as targets.
Comment:
The RSI shows upside momentum.
| GBP/USD Intraday: caution. Pivot:1.2610 Our preference: Long positions above 1.2610 with targets at 1.2640 & 1.2655 in extension. Alternative scenario: Below 1.2610 look for further downside with 1.2595 & 1.2575 as targets. Comment: Intraday technical indicators are mixed and call for caution. |
USD/JPY Intraday: under pressure.
Pivot:
134.70
Our preference:
Short positions below 134.70 with targets at 133.80 & 133.35 in extension.
Alternative scenario:
Above 134.70 look for further upside with 135.05 & 135.45 as targets.
Comment:
The RSI is mixed to bearish.
