EUR/USD Intraday: the downside prevails.
Pivot:
1.0765
Our preference:
Short positions below 1.0765 with targets at 1.0710 & 1.0690 in extension.
Alternative scenario:
Above 1.0765 look for further upside with 1.0785 & 1.0800 as targets.
Comment:
The RSI advocates for further decline.
USD/JPY Intraday: the bias remains bullish.
Pivot:
139.10
Our preference:
Long positions above 139.10 with targets at 140.00 & 140.30 in extension.
Alternative scenario:
Below 139.10 look for further downside with 138.70 & 138.30 as targets.
Comment:
The RSI advocates for further upside.
GBP/USD Intraday: under pressure.
Pivot:
1.2370
Our preference:
Short positions below 1.2370 with targets at 1.2320 & 1.2300 in extension.
Alternative scenario:
Above 1.2370 look for further upside with 1.2390 & 1.2410 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: under pressure.
Pivot:
1967.00
Our preference:
Short positions below 1967.00 with targets at 1954.00 & 1944.00 in extension.
Alternative scenario:
Above 1967.00 looks for further upside with 1977.00 & 1985.00 as targets.
Comment:
A break below 1954.00 would trigger a drop towards 1944.00.
Crude Oil (WTI) (N3) Intraday: the bias remains bullish.
Pivot:
73.40
Our preference:
Long positions above 73.40 with targets at 75.15 & 75.70 in extension.
Alternative scenario:
Below 73.40 look for further downside with 72.80 & 72.20 as targets.
Comment:
The RSI is mixed with a bullish bias.
Nasdaq 100 (CME) (M3) Intraday: bullish bias above 13710.00.
Pivot:
13710.00
Our preference:
Long positions above 13710.00 with targets at 13960.00 & 14030.00 in extension.
Alternative scenario:
Below 13710.00 look for further downside with 13635.00 & 13565.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Dax (Eurex) Intraday: key resistance at 16020.00.
Pivot:
16020.00
Our preference:
Short positions below 16020.00 with targets at 15815.00 & 15705.00 in extension.
Alternative scenario:
Above 16020.00 look for further upside with 16095.00 & 16160.00 as targets.
Comment:
As long as the resistance at 16020.00 is not surpassed, the risk of a break below 15815.00 remains high.
Dow Jones (CME) (M3) Intraday: under pressure.
Pivot:
33010.00
Our preference:
Short positions below 33010.00 with targets at 32600.00 & 32490.00 in extension.
Alternative scenario:
Above 33010.00 look for further upside with 33185.00 & 33270.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
SGX CNX Nifty (M3) intraday: short-term rebound towards 18441.5
Our pivot point stands at 18281.0.
Our preference:
Short-term rebound towards 18441.5.
Alternative scenario:
Below 18281, expect 18223 and 18188.5.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. SGX CNX Nifty (M3) is trading under both its 20 and 50-period moving averages (respectively at 18344 and 18380.5).
Bitcoin / Dollar intraday: the downside prevails as long as 26390 is the resistance
Our pivot point stands at 26390.
Our preference:
The downside prevails as long as 26390 is the resistance.
Alternative scenario:
The upside breakout of 26390, would call for 26720 and 26920.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50-period moving averages (respectively at 26269 and 26526).
