EUR/USD Intraday: Resistance level 1.18380
Our pivot point is at 1.18380
Preferable Price Action: Take Short positions below level with targets at 1.17785 & 1.17505 in extension.
Alternative Price Action: Above pivot looks for further upside at 1.18965 & 1.19255.
Comment: Pair below its 55MA & 20MA and RSI below 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 upside
Our pivot point is at 1.31200
Preferable Price Action: Long positions above pivot with targets at 1.31705 & 1.32003 in extension.
Alternative Price Action: Price below pivot would call for further downside to 1.30680 & 1.30377.
Comment: Price above 20MA 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: Trend on the upside
Our pivot point is at 106.100
Preferable Price Action: Long position above pivot with the target at 106.512 and 106.748 in extension.
Alternative Price Action: The downside breakout of pivot would call for 105.682 and 105.435.
Comment: price 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
AUD/USD Intraday: Trend upside
Our pivot point is at 0.71800
Preferable Price Action: Long positions above pivot with targets at 0.72234 & 0.72484 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.71369 & 0.71109 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: support at 43.10
Our pivot point is at 43.10
Preferable Price Action: Buy crude above pivot with targets at 43.90 and 44.30 in extension.
Alternative Price Action: Below pivots sell Oil with 42.27 & 41.84 as targets.
Comment: Crude above Its 55MA & 20MA and MACD in posistive 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
XAU/USD Intraday: Bias on the downside
Our pivot point is at 1926.30
Preferable Price Action: Further downside to 1906.73 & 1897.15 level.
Alternative Price Action: If price gives upside breakout of a pivot, then price extends to 1946.76 and 1956.47.
Comment: RSI below 50 levels and price below its 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: May temporary trend change
Our pivot point is at 28430.00
Preferable Price Action: Take sell positions below pivot with targets at 28020.00 & 27820.00 in extension.
Alternative Price Action: Below 28430.00 looks for further downside to 28850.00 & 29040.00.
Comment: Price below its 20MA & 55MA and RSI below 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