EUR/USD Intraday: the downside prevails.
Pivot: 1.1640
Our preference: short positions below 1.1640 with targets at 1.1555 & 1.1530 in extension.
Alternative scenario: above 1.1640 look for further upside with 1.1670 & 1.1690 as targets.
Comment: as long as the resistance at 1.1640 is not surpassed, the risk of the break below 1.1555 remains high.
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: towards 1.2900.
Pivot: 1.2970
Our preference: short positions below 1.2970 with targets at 1.2900 & 1.2860 in extension.
Alternative scenario: above 1.2970 look for further upside with 1.3000 & 1.3030 as targets.
Comment: the RSI has broken down its 30 level.
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: the downside prevails.
Pivot: 0.7215
Our preference: short positions below 0.7215 with targets at 0.7160 & 0.7135 in extension.
Alternative scenario: above 0.7215 look for further upside with 0.7240 & 0.7275 as targets.
Comment: the RSI is capped by a declining trend line.
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: continuation of the rebound.
Pivot: 110.90
Our preference: long positions above 110.90 with targets at 111.30 & 111.45 in extension.
Alternative scenario: below 110.90 look for further downside with 110.65 & 110.50 as targets.
Comment: the RSI is bullish and calls for further upside.
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: under pressure.
Pivot: 1204.50
Our preference: short positions below 1204.50 with targets at 1196.00 & 1192.00 in extension.
Alternative scenario: above 1204.50 look for further upside with 1209.00 & 1212.00 as targets.
Comment: the RSI is bearish and calls for further decline.
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.