EUR/USD Intraday: Trend upside
Our pivot point is at 1.13360
Preferable Price Action: Take Long positions above level with targets at 1.13664 & 1.13858 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.13065 & 1.12852.
Comment: Pair above 20MA & 55MA and RSI above 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
GBP/USD Intraday: Resistance at 1.25620
Our pivot point is at 1.25620
Preferable Price Action: Short positions below pivot with targets at 1.25159 & 1.24954 in extension.
Alternative Price Action: Price above pivot would call for further upside to 1.26044 & 1.26237.
Comment: Price below 20MA & 55MA and MACD in negative territory.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
USD/JPY Intraday: Support at 107.140
Our pivot point is at 107.140
Preferable Price Action: Long position above pivot with the target at 107.522 and 107.20 in extension.
Alternative Price Action: The downside breakout of pivot would call for 106.762 and 106.560.
Comment: Pair above 20MA & 55MA and MACD in the positive zone.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
AUD/USD Intraday: Resistance at 0.69660
Our pivot point is at 0.69660
Preferable Price Action: Short positions below pivot with targets at 0.69273 & 0.69073 in extension.
Alternative Price Action: Above pivot looks for further upside with 0.70055 & 0.70250 as targets.
Comment: Pair below 55MA and MACD in negative zone.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
CRUDEOIL Intraday: Bias on the downside
Our pivot point is at 40.30
Preferable Price Action: Sell crude below pivot with targets at 39.30 and 38.80 in extension.
Alternative Price Action: Above pivots buy Oil with 41.28 & 41.75 as targets.
Comment: Crude below its 55MA and RSI at 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
XAU/USD Intraday: Support at 1796.65
Our pivot point is at 1796.65
Preferable Price Action: Further upside to 1805.17 & 1809.69 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1788.53 and 1784.17.
Comment: RSI above 50 level mark and price above its 20MA.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced
Dow Jones Intraday: Support at 26,080
Our pivot point is at 26080.00
Preferable Price Action: Take buy positions above pivot with targets at 26418.97 & 26618.07 in extension.
Alternative Price Action: Below 26080.00 looks for further downside to 25734.17 & 25523.62.
Comment: Price above 20MA and RSI at 50 levels.
Green Lines Indicate Resistance Levels – Red Lines Indicates Support Levels
Light Blue is a Pivot Point – Black represents the price when the report was produced7