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.
Pivot:
134.15
Our preference:
Long positions above 134.15 with targets at 134.80 & 135.10 in extension.
Alternative scenario:
Below 134.15 look for further downside with 133.75 & 133.35 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: key resistance at 1.2560.
Pivot:
1.2560
Our preference:
Short positions below 1.2560 with targets at 1.2490 & 1.2460 in extension.
Alternative scenario:
Above 1.2560 look for further upside with 1.2590 & 1.2615 as targets.
Comment:
As long as the resistance at 1.2560 is not surpassed, the risk of a break below 1.2490 remains high.
Gold Intraday: watch 1994.00.
Pivot:
2022.00
Our preference:
Short positions below 2022.00 with targets at 1999.00 & 1994.00 in extension.
Alternative scenario:
Above 2022.00 look for further upside with 2031.00 & 2041.00 as targets.
Comment:
As long as 2022.00 is resistance, expect a return to 1999.00.
Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
71.50
Our preference:
Short positions below 71.50 with targets at 69.85 & 69.20 in extension.
Alternative scenario:
Above 71.50 look for further upside with 72.05 & 72.75 as targets.
Comment:
As long as 71.50 is resistance, it likely declines to 69.85.
Nasdaq 100 (CME) (M3) Intraday: further upside.
Pivot:
13395.00
Our preference:
Long positions above 13395.00 with targets at 13550.00 & 13635.00 in extension.
Alternative scenario:
Below 13395.00 look for further downside with 13320.00 & 13260.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Dax (Eurex) Intraday: rebound in sight.
Pivot:
15876.00
Our preference:
Long positions above 15876.00 with targets at 16000.00 & 16055.00 in extension.
Alternative scenario:
Below 15876.00 look for further downside with 15820.00 & 15760.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Dow Jones (CME) (M3) Intraday: caution.
Pivot:
33520.00
Our preference:
Short positions below 33520.00 with targets at 33270.00 & 33170.00 in extension.
Alternative scenario:
Above 33520.00 look for further upside with 33710.00 & 33850.00 as targets.
Comment:
The index currently faces a challenging resistance area at 33520.00.
SGX CNX Nifty (K3) intraday: short-term rebound towards 18446.5
Our pivot point is at 18208.5.
Our preference:
Short-term rebound towards 18446.5.
Alternative scenario:
The downside breakout of 18208.5 would call for 18126.5 and 18078.
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. SGX CNX Nifty (K3) is trading above its 20-period moving average (18285.1) but under its 50-period moving average (18328.0).
Bitcoin / Dollar intraday: the downside prevails as long as 27060 is the resistance
Our pivot point stands at 27060.
Our preference:
The downside prevails as long as 27060 is the resistance.
Alternative scenario:
Above 27060, look for 27560 and 27860.
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price trades under its 20 and 50-period moving averages (respectively at 26876 and 27144).
