EUR/USD Intraday: further advance.
Pivot: 1.1640
Our preference: long positions above 1.1640 with targets at 1.1690 & 1.1725 in extension.
Alternative scenario: below 1.1640 look for further downside with 1.1615 & 1.1595 as targets.
Comment: the RSI is bullish and calls for further advance.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: rebound expected.
Pivot: 1.3245
Our preference: long positions above 1.3245 with targets at 1.3295 & 1.3315 in extension.
Alternative scenario: below 1.3245 look for further downside with 1.3215 & 1.3180 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
AUD/USD Intraday: further advance.
Pivot: 0.7415
Our preference: long positions above 0.7415 with targets at 0.7450 & 0.7480 in extension.
Alternative scenario: below 0.7415 look for further downside with 0.7390 & 0.7370 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: the downside prevails.
Pivot: 110.05
Our preference: short positions below 110.05 with targets at 109.70 & 109.55 in extension.
Alternative scenario: above 110.05 look for further upside with 110.20 & 110.35 as targets.
Comment: the RSI lacks upward momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Gold spot Intraday: the upside prevails.
Pivot: 1266.50
Our preference: long positions above 1266.50 with targets at 1276.50 & 1280.50 in extension.
Alternative scenario: below 1266.50 look for further downside with 1264.50 & 1261.00 as targets.
Comment: the RSI calls for a rebound.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.
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