EUR/USD Intraday: the upside prevails.
Pivot: 1.1500
Our preference: long positions above 1.1500 with targets at 1.1540 & 1.1555 in extension.
Alternative scenario: below 1.1500 look for further downside with 1.1480 & 1.1460 as targets.
Comment: the RSI lacks downward 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
GBP/USD Intraday: target 1.3190.
Pivot: 1.3090
Our preference: long positions above 1.3090 with targets at 1.3155 & 1.3190 in extension.
Alternative scenario: below 1.3090 look for further downside with 1.3060 & 1.3030 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
AUD/USD Intraday: the downside prevails.
Pivot: 0.7070
Our preference: short positions below 0.7070 with targets at 0.7035 & 0.7010 in extension.
Alternative scenario: above 0.7070 look for further upside with 0.7090 & 0.7115 as targets.
Comment: as long as the resistance at 0.7070 is not surpassed, the risk of the break below 0.7035 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
USD/JPY Intraday: turning up.
Pivot: 113.55
Our preference: long positions above 113.55 with targets at 113.95 & 114.25 in extension.
Alternative scenario: below 113.55 look for further downside with 113.30 & 113.00 as targets.
Comment: the RSI calls for a new upleg.
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 bias remains bullish.
Pivot: 1200.00
Our preference: long positions above 1200.00 with targets at 1206.00 & 1208.50 in extension.
Alternative scenario: below 1200.00 look for further downside with 1195.50 & 1192.50 as targets.
Comment: the RSI is supported by a rising 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
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.