EUR/USD Intraday: the upside prevails.
Pivot:
1.0855
Our preference:
Long positions above 1.0855 with targets at 1.0890 & 1.0910 in extension.
Alternative scenario:
Below 1.0855 look for further downside with 1.0840 & 1.0820 as targets.
Comment:
The RSI shows upside momentum.
USD/JPY Intraday: the upside prevails.
Pivot:
135.70
Our preference:
Long positions above 135.70 with targets at 136.35 & 136.60 in extension.
Alternative scenario:
Below 135.70 look for further downside with 135.40 & 135.10 as targets.
Comment:
The RSI lacks downward momentum.
GBP/USD Intraday: under pressure.
Pivot:
1.2535
Our preference:
Short positions below 1.2535 with targets at 1.2465 & 1.2440 in extension.
Alternative scenario:
Above 1.2535 look for further upside with 1.2560 & 1.2580 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: expect 1989.00.
Pivot:
2018.00
Our preference:
Short positions below 2018.00 with targets at 2001.00 & 1989.00 in extension.
Alternative scenario:
Above 2018.00 look for further upside with 2032.00 & 2041.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (M3) Intraday: the bias remains bullish.
Pivot:
70.75
Our preference:
Long positions above 70.75 with targets at 72.00 & 72.70 in extension.
Alternative scenario:
Below 70.75 look for further downside with 70.30 & 69.80 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Nasdaq 100 (CME) (M3) Intraday: intraday support around 13420.00.
Pivot:
13420.00
Our preference:
Long positions above 13420.00 with targets at 13495.00 & 13550.00 in extension.
Alternative scenario:
Below 13420.00 look for further downside with 13375.00 & 13320.00 as targets.
Comment:
The next resistances are at 13495.00 and then at 13550.00.
Dax (Eurex) Intraday: consolidation in place.
Pivot:
16005.00
Our preference:
Short positions below 16005.00 with targets at 15920.00 & 15880.00 in extension.
Alternative scenario:
Above 16005.00 look for further upside with 16040.00 & 16090.00 as targets.
Comment:
The RSI lacks momentum.
Dow Jones (CME) (M3) Intraday: bullish bias above 33240.00.
Pivot:
33240.00
Our preference:
Long positions above 33240.00 with targets at 33460.00 & 33540.00 in extension.
Alternative scenario:
Below 33240.00 look for further downside with 33120.00 & 33000.00 as targets.
Comment:
Intraday technical indicators lack momentum.
SGX CNX Nifty (K3) intraday: as long as 18376.5 is support look for 18599.5
Our pivot point is at 18376.5.
Our preference:
As long as 18376.5 is supported look for 18599.5.
Alternative scenario:
Below 18376.5, expect 18294 and 18245.
Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. SGX CNX Nifty (K3) is below its 20-period moving average (18447.0) but above its 50-period moving average (18408.1).
Bitcoin / Dollar intraday: the downside prevails as long as 27430 is the resistance
Our pivot point stands at 27430.
Our preference:
The downside prevails as long as 27430 is the resistance.
Alternative scenario:
The upside breakout of 27430, would call for 27810 and 28040.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50-period moving averages (respectively at 27249 and 27335).
