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 140.90 & 141.20 in extension.
Alternative scenario:
Below 140.00 look for further downside with 139.80 & 139.45 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: under pressure.
Pivot:
1.2380
Our preference:
Short positions below 1.2380 with targets at 1.2320 & 1.2305 in extension.
Alternative scenario:
Above 1.2380 look for further upside with 1.2395 & 1.2410 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: under pressure.
Pivot:
1949.00
Our preference:
Short positions below 1949.00 with targets at 1931.00 & 1923.00 in extension.
Alternative scenario:
Above 1949.00 looks for further upside with 1957.00 & 1964.00 as targets.
Comment:
The RSI shows downside momentum.
Crude Oil (WTI) (N3) Intraday: expect 71.25.
Pivot:
73.05
Our preference:
Short positions below 73.05 with targets at 72.00 & 71.25 in extension.
Alternative scenario:
Above 73.05 look for further upside with 73.50 & 74.00 as targets.
Comment:
The RSI calls for a new down leg.
Nasdaq 100 (CME) (M3) Intraday: intraday support around 14240.00.
Pivot:
14240.00
Our preference:
Long positions above 14240.00 with targets at 14600.00 & 14740.00 in extension.
Alternative scenario:
Below 14240.00 look for further downside with 14130.00 & 14030.00 as targets.
Comment:
The next resistances are at 14600.00 and then at 14740.00.
Dax (Eurex) Intraday: choppy.
Pivot:
16115.00
Our preference:
Short positions below 16115.00 with targets at 15877.00 & 15810.00 in extension.
Alternative scenario:
Above 16115.00 look for further upside with 16190.00 & 16260.00 as targets.
Comment:
As long as 16115.00 is resistance, look for choppy price action with a bearish bias.
Dow Jones (CME) (M3) Intraday: intraday support around 33040.00.
Pivot:
33040.00
Our preference:
Long positions above 33040.00 with targets at 33350.00 & 33480.00 in extension.
Alternative scenario:
Below 33040.00 look for further downside with 32870.00 & 32730.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
SGX CNX Nifty (M3) intraday: the upside prevails as long as 18653 is support
Our pivot point is at 18653.0.
Our preference:
The upside prevails as long as 18653 is supported.
Alternative scenario:
The downside breakout of 18653 would call for 18594 and 18558.5.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. SGX CNX Nifty (M3) is above its 20 and 50 period moving averages (respectively at 18691.8 and 18692.3).
Bitcoin / Dollar intraday: the upside prevails as long as 27550 is support
Our pivot point is at 27550.
Our preference:
The upside prevails as long as 27550 is supported.
Alternative scenario:
Below 27550, expect 27190 and 26980.
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price trades above its 20 and 50-period moving averages (respectively at 27723 and 27804).
