EUR/USD Intraday: consolidation.
Pivot:
1.1010
Our preference:
Short positions below 1.1010 with targets at 1.0960 and 1.0935 in extension.
Alternative scenario:
Above 1.1010, look for further upside with 1.1040 and 1.1060 as targets.
Comment:
As long as the resistance at 1.1010 is not surpassed, the risk of a break below 1.0960 remains high.
USD/JPY Intraday: the bias remains bullish.
Pivot:
142.75
Our preference:
Long positions above 142.75 with targets at 143.70 and 144.00 in extension.
Alternative scenario:
Below 142.75, look for further downside with 142.40 and 142.05 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: intraday support is around 1.2740.
Pivot:
1.2740
Our preference:
Long positions above 1.2740 with targets at 1.2790 and 1.2810 in extension.
Alternative scenario:
Below 1.2740, look for further downside, with 1.2715 and 1.2690 as targets.
Comment:
The RSI lacks downward momentum.
Gold Intraday: range.
Pivot:
1942.00
Our preference:
Short positions below 1942.00 with targets at 1929.00 and 1924.00 in extension.
Alternative scenario:
Above 1942.00, look for further upside with 1946.00 and 1949.00 as targets.
Comment:
As long as 1942.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (U3) Intraday: consolidation.
Pivot:
82.55
Our preference:
Short positions below 82.55 with targets at 81.50 and 81.00 in extension.
Alternative scenario:
Above 82.55, look for further upside with 83.30 and 83.80 as targets.
Comment:
The RSI is mixed to bearish.
Nasdaq 100 (CME) (U3) Intraday: intraday support around 15395.00.
Pivot:
15395.00
Our preference:
Long positions above 15395.00 with targets at 15530.00 & 15600.00 in extension.
Alternative scenario:
Below 15395.00 look for further downside with 15340.00 & 15260.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Dax (Eurex) Intraday: key resistance at 16120.00.
Pivot:
16120.00
Our preference:
Short positions below 16120.00 with targets at 15860.00 and 15715.00 in extension.
Alternative scenario:
Above 16120.00, look for further upside with 16230.00 and 16330.00 as targets.
Comment:
The RSI calls for a new lower leg.
Dow Jones (CME) (U3) Intraday: intraday support around 35440.00.
Pivot:
35440.00
Our preference:
Long positions above 35440.00 with targets at 35600.00 and 35710.00 in extension.
Alternative scenario:
Below 35440.00, look for further downside with 35300.00 and 35120.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Bitcoin / Dollar intraday: as long as 28910 is supported, look for 29740
Our pivot point stands at 28910.
Our preference:
As long as 28910 is supported, look for 29740.
Alternative scenario:
Below 28910, expect 28580 and 28390.
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price trades above its 20- and 50-period moving averages (respectively at 29141 and 29063).
