EUR/USD Intraday: bullish bias above 1.1075.
Pivot:
1.1075
Our preference:
Long positions above 1.1075 with targets at 1.1125 & 1.1145 in extension.
Alternative scenario:
Below 1.1075 look for further downside with 1.1055 & 1.1035 as targets.
Comment:
The RSI shows upside momentum.
USD/JPY Intraday: capped by a negative trend line.
Pivot:
140.40
Our preference:
Short positions below 140.40 with targets at 139.40 & 139.05 in extension.
Alternative scenario:
Above 140.40 look for further upside with 140.70 & 140.95 as targets.
Comment:
The RSI lacks upward momentum.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2920
Our preference:
Long positions above 1.2920 with targets at 1.2980 & 1.3010 in extension.
Alternative scenario:
Below 1.2920 look for further downside with 1.2895 & 1.2870 as targets.
Comment:
The RSI lacks downward momentum.
Gold Intraday: further advance.
Pivot:
1970.00
Our preference:
Long positions above 1970.00 with targets at 1987.00 & 1993.00 in extension.
Alternative scenario:
Below 1970.00 look for further downside with 1965.00 & 1959.00 as targets.
Comment:
The RSI shows upside momentum.
Crude Oil (WTI) (U3) Intraday: 80.70 expected.
Pivot:
78.90
Our preference:
Long positions above 78.90 with targets at 80.25 & 80.70 in extension.
Alternative scenario:
Below 78.90 look for further downside with 78.30 & 77.80 as targets.
Comment:
The RSI shows upside momentum.
Nasdaq 100 (CME) (U3) Intraday: expect 15925.00.
Pivot:
15520.00
Our preference:
Long positions above 15520.00 with targets at 15830.00 & 15925.00 in extension.
Alternative scenario:
Below 15520.00 look for further downside with 15430.00 & 15340.00 as targets.
Comment:
The RSI shows upside momentum.
Dax (Eurex) Intraday: watch 16200.00.
Pivot:
16295.00
Our preference:
Short positions below 16295.00 with targets at 16200.00 & 16155.00 in extension.
Alternative scenario:
Above 16295.00 look for further upside with 16335.00 & 16400.00 as targets.
Comment:
The index currently faces a challenging resistance area at 16295.00.
Bitcoin / Dollar intraday: as long as 29090 is supported look for 30150
Our pivot point stands at 29090.
Our preference:
As long as 29090 is support look for 30150.
Alternative scenario:
Below 29090, expect 28680 and 28440.
Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50-period moving averages (respectively at 29417 and 29312).
