EUR/USD Intraday: bullish bias above 1.0770.
Pivot:
1.0770
Our preference:
Long positions above 1.0770 with targets at 1.0810 and 1.0830 in extension.
Alternative scenario:
Below 1.0770, look for further downside, with 1.0750 and 1.0730 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: further advance.
Pivot:
146.45
Our preference:
Long positions above 146.45 with targets at 146.90 and 147.10 in extension.
Alternative scenario:
Below 146.45, look for further downside with 146.25 and 146.00 as targets.
Comment:
The RSI is bullish and calls for further advances.
GBP/USD Intraday: bullish bias above 1.2600.
Pivot:
1.2600
Our preference:
Long positions above 1.2600 with targets at 1.2645 & 1.2670 in extension.
Alternative scenario:
Below 1.2600 look for further downside with 1.2575 & 1.2550 as targets.
Comment:
A support base at 1.2600 has formed and has allowed for temporary stabilization.
Gold Intraday: choppy.
Pivot:
1943.00
Our preference:
Short positions below 1943.00 with targets at 1934.00 & 1928.00 in extension.
Alternative scenario:
Above 1943.00 look for further upside with 1948.00 & 1953.00 as targets.
Comment:
As long as 1943.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (V3) Intraday: bullish bias above 85.30.
Pivot:
85.30
Our preference:
Long positions above 85.30 with targets at 86.40 & 87.00 in extension.
Alternative scenario:
Below 85.30 look for further downside with 84.60 & 84.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Nasdaq 100 (CME) (U3) Intraday: under pressure.
Pivot:
15580.00
Our preference:
Short positions below 15580.00 with targets at 15460.00 & 15360.00 in extension.
Alternative scenario:
Above 15580.00 look for further upside with 15670.00 & 15790.00 as targets.
Comment:
A break below 15460.00 would trigger a drop towards 15360.00.
Dax (Eurex) Intraday: turning down.
Pivot:
15900.00
Our preference:
Short positions below 15900.00 with targets at 15760.00 & 15695.00 in extension.
Alternative scenario:
Above 15900.00 look for further upside with 15970.00 & 16070.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Dow Jones (CME) (U3) Intraday: the downside prevails.
Pivot:
34900.00
Our preference:
Short positions below 34900.00 with targets at 34760.00 & 34670.00 in extension.
Alternative scenario:
Above 34900.00 look for further upside with 34980.00 & 35085.00 as targets.
Comment:
The RSI is below its neutrality area at 50%
Bitcoin / Dollar intraday: The downside prevails as long as 25890 is the resistance
25890 is our pivot point.
Our preference:
The downside prevails as long as 25890 is resistance.
Alternative scenario:
The upside breakout of 25890, would call for 26190 and 26360.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50-period moving averages (respectively at 25769 and 25858).
