EUR/USD Intraday: further upside.
Pivot:
1.0900
Our preference:
Long positions above 1.0900 with targets at 1.0940 & 1.0960 in extension.
Alternative scenario:
Below 1.0900 look for further downside with 1.0885 & 1.0870 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: supported by a rising trend line.
Pivot:
143.25
Our preference:
Long positions above 143.25 with targets at 143.70 & 143.90 in extension.
Alternative scenario:
Below 143.25 look for further downside with 142.95 & 142.75 as targets.
Comment:
The RSI is mixed to bullish.
GBP/USD Intraday: bullish bias above 1.2705.
Pivot:
1.2705
Our preference:
Long positions above 1.2705 with targets at 1.2745 & 1.2760 in extension.
Alternative scenario:
Below 1.2705 look for further downside with 1.2685 & 1.2670 as targets.
Comment:
The RSI shows upside momentum.
Gold Intraday: key resistance at 1932.00.
Pivot:
1932.00
Our preference:
Short positions below 1932.00 with targets at 1921.00 & 1916.00 in extension.
Alternative scenario:
Above 1932.00 looks for further upside with 1937.00 & 1942.00 as targets.
Comment:
As long as 1932.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (Q3) Intraday: look for 71.60.
Pivot:
68.70
Our preference:
Long positions above 68.70 with targets at 70.90 & 71.60 in extension.
Alternative scenario:
Below 68.70 look for further downside with 68.10 & 67.35 as targets.
Comment:
The RSI calls for a new up leg.
Nasdaq 100 (CME) (U3) Intraday: under pressure.
Pivot:
15000.00
Our preference:
Short positions below 15000.00 with targets at 14750.00 & 14630.00 in extension.
Alternative scenario:
Above 15000.00 look for further upside with 15140.00 & 15235.00 as targets.
Comment:
The RSI is mixed with a bearish bias.
Dax (Eurex) Intraday: intraday support around 15895.00.
Pivot:
15895.00
Our preference:
Long positions above 15895.00 with targets at 16040.00 & 16104.00 in extension.
Alternative scenario:
Below 15895.00 look for further downside with 15830.00 & 15780.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Dow Jones (CME) (U3) Intraday: key resistance at 34120.00.
Pivot:
34120.00
Our preference:
Short positions below 34120.00 with targets at 33840.00 & 33750.00 in extension.
Alternative scenario:
Above 34120.00 look for further upside with 34250.00 & 34370.00 as targets.
Comment:
The index currently faces a challenging resistance area at 34120.00.
SGX CNX Nifty (M3) intraday: as long as 18691 is support look for 18815
18691.0 is our pivot point.
Our preference:
As long as 18691 is support look for 18815.
Alternative scenario:
The downside breakout of 18691 would call for 18645.5 and 18618.5.
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. SGX CNX Nifty (M3) is trading under its 20-period moving average (18729.6) but above its 50-period moving average (18719.9).
Bitcoin / Dollar intraday: the upside prevails as long as 30010 is support
Our pivot point is at 30010.
Our preference:
The upside prevails as long as 30010 is supported.
Alternative scenario:
Below 30010, expect 29580 and 29320.
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50-period moving averages (respectively at 30264 and 30291).
