EUR/USD Intraday: key resistance at 1.0900.
Pivot:
1.0900
Our preference:
Short positions below 1.0900 with targets at 1.0840 & 1.0820 in extension.
Alternative scenario:
Above 1.0900 look for further upside with 1.0935 & 1.0970 as targets.
Comment:
As long as the resistance at 1.0900 is not surpassed, the risk of a break below 1.0840 remains high.
USD/JPY Intraday: further advance.
Pivot:135.40
Our preference:
Long positions above 135.40 with targets at 136.60 & 137.00 in extension.
Alternative scenario:
Below 135.40 look for further downside with 135.10 & 134.70 as targets.
Comment:
The RSI is bullish and calls for further advance.
GBP/USD Intraday: key resistance at 1.2500.
Pivot:
1.2500
Our preference:
Short positions below 1.2500 with targets at 1.2435 & 1.2410 in extension.
Alternative scenario:
Above 1.2500 look for further upside with 1.2540 & 1.2560 as targets.
Comment:
As long as 1.2500 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: range.
Pivot:
2022.00
Our preference:
Short positions below 2022.00 with targets at 2007.00 & 2001.00 in extension.
Alternative scenario:
Above 2022.00 look for further upside with 2027.00 & 2032.00 as targets.
Comment:
If 2022.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
70.40
Our preference:
Short positions below 70.40 with targets at 69.00 & 68.30 in extension.
Alternative scenario:
Above 70.40 look for further upside with 71.20 & 71.70 as targets.
Comment:
The RSI advocates for further decline.
Nasdaq 100 (CME) (M3) Intraday: watch 13495.00.
Pivot:
13350.00
Our preference:
Long positions above 13350.00 with targets at 13440.00 & 13495.00 in extension.
Alternative scenario:
Below 13350.00 look for further downside with 13310.00 & 13225.00 as targets.
Comment:
The RSI calls for a bounce.
Dax (Eurex) Intraday: bullish bias above 15905.00.
Pivot:
15905.00
Our preference:
Long positions above 15905.00 with targets at 16040.00 & 16090.00 in extension.
Alternative scenario:
Below 15905.00 look for further downside with 15865.00 & 15820.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Dow Jones (CME) (M3) Intraday: expect 33545.00.
Pivot:
33250.00
Our preference:
Long positions above 33250.00 with targets at 33545.00 & 33670.00 in extension.
Alternative scenario:
Below 33250.00 look for further downside with 33170.00 & 33000.00 as targets.
Comment:
The RSI calls for a rebound.
SGX CNX Nifty (K3) intraday: short-term rebound towards 18430.0
Our pivot point stands at 18214.5.
Our preference:
Short-term rebound towards 18430.0.
Alternative scenario:
The downside breakout of 18214.5 would call for 18132.5 and 18084.
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. SGX CNX Nifty (K3) is trading above its 20-period moving average (18273.5) but under its 50-period moving average (18295.3).
Bitcoin / Dollar intraday: the upside prevails as long as 26810 is support
Our pivot point is at 26810.
Our preference:
The upside prevails as long as 26810 is supported.
Alternative scenario:
Below 26810, expect 26300 and 26000.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price trades above its 20 and 50-period moving averages (respectively at 27003 and 26938).
