Bitcoin / Dollar intraday: rebound towards 28520
Our pivot point stands at 27050.
Our preference:
Rebound towards 28520.
Alternative scenario:
The downside breakout of 27050 would call for 26540 and 26230.
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50-period moving averages (respectively at 27618 and 27756).
SGX CNX Nifty (K3) intraday: above its upper Bollinger band
Our pivot point is at 18283.5.
Our preference:
The upside prevails as long as 18283.5 is supporting.
Alternative scenario:
Below 18283.5, expect 18226.5 and 18192.5.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. SGX CNX Nifty (K3) is trading above both its 20 and 50-period moving averages (respectively at 18314.9 and 18288.5). Finally, the SGX CNX Nifty (K3) is trading above its upper Bollinger band (standing at 18336.6).
Dow Jones (CME) (M3) Intraday: bullish bias above 33560.00.
Pivot:
33560.00
Our preference:
Long positions above 33560.00 with targets at 33830.00 & 33950.00 in extension.
Alternative scenario:
Below 33560.00 look for further downside with 33390.00 & 33170.00 as targets.
Comment:
A support base at 33560.00 has formed and has allowed for temporary stabilization.
Dax (Eurex) Intraday: consolidation in place.
Pivot:
16125.00
Our preference:
Short positions below 16125.00 with targets at 16000.00 & 15940.00 in extension.
Alternative scenario:
Above 16125.00 look for further upside with 16180.00 & 16220.00 as targets.
Comment: The RSI lacks momentum.
Nasdaq 100 (CME) (M3) Intraday: intraday support around 13240.00.
Pivot:
13240.00
Our preference:
Long positions above 13240.00 with targets at 13450.00 & 13500.00 in extension.
Alternative scenario:
Below 13240.00 look for further downside with 13180.00 & 13120.00 as targets.
Comment:
The next resistances are at 13450.00 and then at 13500.00.
Crude Oil (WTI) (M3) Intraday: bullish bias above 71.90.
Pivot:
71.90
Our preference:
Long positions above 71.90 with targets at 73.70 & 74.60 in extension.
Alternative scenario:
Below 71.90 look for further downside with 70.90 & 70.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: watch 2011.00.
Pivot:
2030.00
Our preference:
Short positions below 2030.00 with targets at 2017.00 & 2011.00 in extension.
Alternative scenario:
Above 2030.00 look for further upside with 2038.00 & 2045.00 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 2030.00.
GBP/USD Intraday: key resistance at 1.2635.
Pivot:
1.2635
Our preference:
Short positions below 1.2635 with targets at 1.2600 & 1.2580 in extension.
Alternative scenario:
Above 1.2635 look for further upside with 1.2655 & 1.2670 as targets.
Comment:
As long as 1.2635 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 134.65.
Pivot:
134.65
Our preference:
Long positions above 134.65 with targets at 135.35 & 135.60 in extension.
Alternative scenario:
Below 134.65 look for further downside with 134.30 & 134.00 as targets.
Comment:
A support base at 134.65 has formed and has allowed for a temporary stabilization.
EUR/USD Intraday: under pressure.
Pivot:
1.1010
Our preference:
Short positions below 1.1010 with targets at 1.0965 & 1.0950 in extension.
Alternative scenario:
Above 1.1010 look for further upside with 1.1030 & 1.1050 as targets.
Comment:
The break below 1.1010 is a negative signal that has opened a path to 1.0965.