EUR/USD Intraday: Strong trend on the upside
Our pivot point is at 1.17540
Preferable Price Action: Take Long positions above level with targets at 1.18055 & 1.18309 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.17060 & 1.16813.
Comment: Pair above 55MA & 20MA 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: Trend on upside
Our pivot point is at 1.30640
Preferable Price Action: Long positions above pivot with targets at 1.31260 & 1.31552 in extension.
Alternative Price Action: Price below pivot would call for further downside to 1.30006 & 1.29689.
Comment: Price above 20MA & 55MA and MACD in positive 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: major Trend downside
Our pivot point is at 106.180
Preferable Price Action: Short position below pivot with the target at 105.608 and 105.347 in extension.
Alternative Price Action: The upside breakout of pivot would call for 106.739 and 106.970.
Comment: price below 20MA & 55MA and RSi at oversold 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
AUD/USD Intraday: Trend upside
Our pivot point is at 0.71250
Preferable Price Action: Long positions above pivot with targets at 0.71707 & 0.71951 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.70794 & 0.70542 as targets.
Comment: Pair above its 55MA & 20MA 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
CRUDEOIL Intraday: Bias on the upside
Our pivot point is at 40.60
Preferable Price Action: Buy crude above pivot with targets at 41.50 and 42.00 in extension.
Alternative Price Action: Below pivots sell Oil with 39.72 & 39.22 as targets.
Comment: Crude above Its 20MA 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
XAU/USD Intraday: Bias on the upside
Our pivot point is at 1970.50
Preferable Price Action: Further upside to 1983.00 & 1989.93 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1958.50 and 1952.25.
Comment: RSI at oversold level and price above its 20MA & 55MA.
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 26590.00
Our pivot point is at 26590.00
Preferable Price Action: Take buy positions above pivot with targets at 26877.50 & 27025.49 in extension.
Alternative Price Action: Below 26590.00 looks for further downside to 26292.32 & 26137.03.
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