Market Daily Update June 26/ 2023
EUR/USD Intraday: continuation of the rebound. Pivot: 1.0875 Our preference: Long positions above 1.0875 with targets at 1.0920 & 1.0940 in extension. Alternative scenario: Below 1.0875 look for further downside with 1.0860 & 1.0840 as targets. Comment: The RSI is mixed with a bullish bias. USD/JPY Intraday: consolidation in place.Pivot:143.70Our preference: Short positions below 143.70 with targets […]
Market Daily Update 21-6-2023
EUR/USD Intraday: intraday support is around 1.0890. Pivot: 1.0890 Our preference: Long positions above 1.0890 with targets at 1.0930 & 1.0945 in extension. Alternative scenario: Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets. Comment: The RSI lacks downward momentum. USD/JPY Intraday: further advance. Pivot: 141.50 Our preference: Long positions above 141.50 with targets […]
Market Update 5th June 2023
EUR/USD Intraday: under pressure. Pivot: 1.0730 Our preference: Short positions below 1.0730 with targets at 1.0680 & 1.0665 in extension. Alternative scenario: Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets. Comment: The RSI shows downside momentum. USD/JPY Intraday: bullish bias above 139.80. Pivot: 139.80 Our preference: Long positions above 139.80 with targets at 140.30 & […]
Market Analysis 1st June 2023!!!
Gold Intraday May rise 0.71 % Pivot: 1957.00Our preference: long positions above 1957.00 with targets at 1968.00 & 1974.00 in extension. Alternative scenario: below 1957.00 looks for further downside with 1951.00 & 1946.00 as targets. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Silver Intraday May rise […]
Market Daily Update May 30- 2023
EUR/USD Intraday: under pressure. Pivot: 1.0730 Our preference: Short positions below 1.0730 with targets at 1.0675 & 1.0650 in extension. Alternative scenario: Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets. Comment: The RSI shows downside momentum. USD/JPY Intraday: continuation of the rebound. Pivot: 140.00 Our preference: Long positions above 140.00 with targets at […]
Market Update May 25/2023
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 […]
Market Daily Update May 16th, 2023
EUR/USD Intraday: the upside prevails. Pivot: 1.0855 Our preference: Long positions above 1.0855 with targets at 1.0890 & 1.0910 in extension. Alternative scenario: Below 1.0855 look for further downside with 1.0840 & 1.0820 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: the upside prevails. Pivot: 135.70 Our preference: Long positions above 135.70 with targets at […]
Market Update May 15-2023
EUR/USD Intraday: key resistance at 1.0900. Pivot: 1.0900 Our preference: Short positions below 1.0900 with targets at 1.0840 & 1.0820 in extension. Alternative scenario: Above 1.0900 look for further upside with 1.0935 & 1.0970 as targets. Comment: As long as the resistance at 1.0900 is not surpassed, the risk of a break below 1.0840 remains high. […]
Market Daily Update 12 May 2023
EUR/USD Intraday: key resistance at 1.0940. Pivot: 1.0940 Our preference: Short positions below 1.0940 with targets at 1.0895 & 1.0875 in extension. Alternative scenario: Above 1.0940 look for further upside with 1.0960 & 1.0980 as targets. Comment: As long as 1.0940 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. […]
Market Daily Update 11 May 2023
Bitcoin / Dollar intraday: the downside prevails as long as 27900 is the resistance 27900 is our pivot point. Our preference: The downside prevails as long as 27900 is the resistance. Alternative scenario: The upside breakout of 27900, would call for 28410 and 28720. Comment: The RSI is below 50. The MACD is negative and below […]