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 & 140.50 in extension.
Alternative scenario: Below 139.80 look for further downside with 139.60 & 139.40 as targets.
Comment: The RSI is mixed to bullish.
GBP/USD Intraday: under pressure.
Pivot: 1.2470
Our preference: Short positions below 1.2470 with targets at 1.2395 & 1.2375 in extension.
Alternative scenario: Above 1.2470 look for further upside with 1.2500 & 1.2520 as targets.
Comment: The RSI shows downside momentum.
Gold Intraday: the downside prevails.
Pivot: 1956.00
Our preference: Short positions below 1956.00 with targets at 1940.00 & 1932.00 in extension.
Alternative scenario: Above 1956.00 look for further upside with 1962.00 & 1970.00 as targets.
Comment: The RSI shows downside momentum.
Crude Oil (WTI) (N3) Intraday: bullish bias above 72.10.
Pivot: 72.10
Our preference: Long positions above 72.10 with targets at 73.60 & 75.00 in extension.
Alternative scenario: Below 72.10 looks for further downside with 71.00 & 70.00 as targets.
Comment: The RSI has just landed on its neutrality area at 50% and is turning up.
Nasdaq 100 (CME) (M3) Intraday: bullish bias above 14485.00.
Pivot: 14485.00
Our preference: Long positions above 14485.00 with targets at 14630.00 & 14700.00 in extension.
Alternative scenario: Below 14485.00 look for further downside with 14440.00 & 14370.00 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Dax (Eurex) Intraday: limited upside.
Pivot: 15970.00
Our preference: Long positions above 15970.00 with targets at 16110.00 & 16205.00 in extension.
Alternative scenario: Below 15970.00 look for further downside with 15900.00 & 15840.00 as targets.
Comment: The RSI is around its neutrality area at 50%
Dow Jones (CME) (M3) Intraday: bullish bias above 33600.00.
Pivot: 33600.00
Our preference: Long positions above 33600.00 with targets at 34060.00 & 34210.00 in extension.
Alternative scenario: Below 33600.00 look for further downside with 33450.00 & 33330.00 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
SGX CNX Nifty (M3) intraday: as long as 18676.5 is support look for 18834
Our pivot point stands at 18676.5.
Our preference: As long as 18676.5 is supported look for 18834.
Alternative scenario: Below 18676.5, expect 18617.5 and 18582.5.
Comment: The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. SGX CNX Nifty (M3) is trading under its 20-period moving average (18729.8) but above its 50-period moving average (18675.6).
Bitcoin / Dollar intraday: the RSI is oversold
27110 is our pivot point.
Our preference: The downside prevails as long as 27110 is resistance.
Alternative scenario: Above 27110, look for 27460 and 27660.
Comment: The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving averages (respectively at 27089 and 27138).
