EUR/USD Intraday: the downside prevails.
Pivot:
1.0855
Our preference:
Short positions below 1.0855 with targets at 1.0820 & 1.0805 in extension.
Alternative scenario:
Above 1.0855 look for further upside with 1.0870 & 1.0885 as targets.
Comment:
As long as the resistance at 1.0855 is not surpassed, the risk of a break below 1.0820 remains high.
USD/JPY Intraday: the downside prevails.
Pivot:
144.25
Our preference:
Short positions below 144.25 with targets at 143.60 & 143.25 in extension.
Alternative scenario:
Above 144.25 look for further upside with 144.50 & 144.70 as targets.
Comment:
The break below 144.25 is a negative signal that has opened a path to 143.60.
GBP/USD Intraday: consolidation in place.
Pivot:
1.2720
Our preference:
Short positions below 1.2720 with targets at 1.2675 & 1.2660 in extension.
Alternative scenario:
Above 1.2720 look for further upside with 1.2735 & 1.2750 as targets.
Comment:
As long as 1.2720 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: key resistance at 1925.00.
Pivot:
1925.00
Our preference:
Short positions below 1925.00 with targets at 1910.00 & 1905.00 in extension.
Alternative scenario:
Above 1925.00 look for further upside with 1930.00 & 1935.00 as targets.
Comment:
As long as the resistance at 1925.00 is not surpassed, the risk of a break below 1910.00 remains high.
Crude Oil (WTI) (Q3) Intraday: bullish bias above 71.30.
Pivot:
71.30
Our preference:
Long positions above 71.30 with targets at 72.15 & 72.65 in extension.
Alternative scenario:
Below 71.30 look for further downside with 70.80 & 70.40 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Nasdaq 100 (CME) (U3) Intraday: consolidation in place.
Pivot:
15390.00
Our preference:
Short positions below 15390.00 with targets at 15200.00 & 15140.00 in extension.
Alternative scenario:
Above 15390.00 look for further upside with 15460.00 & 15600.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Dax (Eurex) Intraday: the downside prevails.
Pivot:
16100.00
Our preference:
Short positions below 16100.00 with targets at 15880.00 & 15800.00 in extension.
Alternative scenario:
Above 16100.00 look for further upside with 16150.00 & 16190.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Dow Jones (CME) (U3) Intraday: the downside prevails.
Pivot:
34600.00
Our preference:
Short positions below 34600.00 with targets at 34195.00 & 34080.00 in extension.
Alternative scenario:
Above 34600.00 look for further upside with 34685.00 & 34815.00 as targets.
Comment:
The RSI has broken down its 30 levels.
SGX CNX Nifty (N3) intraday: the upside prevails as long as 19216.5 is support
Our pivot point stands at 19216.5.
Our preference:
The upside prevails as long as 19216.5 is supporting.
Alternative scenario:
The downside breakout of 19216.5 would call for 19137.5 and 19090.
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. SGX CNX Nifty (N3) is trading above both its 20 and 50 period moving averages (respectively at 19226.4 and 19189.2).
Bitcoin / Dollar intraday: rebound
30170 is our pivot point.
Our preference:
Rebound.
Alternative scenario:
Below 30170, expect 29740 and 29490.
Comment:
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20-period moving average (30471) but below its 50-period moving average (30531).
