EUR/USD Intraday: Trend upside
Our pivot point is at 1.22000
Preferable Price Action: Take Long positions above pivot level with targets at 1.22400 & 1.22600 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.21600 & 1.21400.
Comment: Pair above its 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 produced
GBP/USD Intraday: Bias on the upside
Our pivot point is at 1.33700
Preferable Price Action: Buy positions above pivot with targets at 1.34400 & 1.34800 in extension.
Alternative Price Action: Price Below pivot would call for further downside to 1.33000 & 1.32600.
Comment: Price at 55MA & 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 produced
USD/JPY Intraday: Support at 103.300
Our pivot point is at 103.300
Preferable Price Action: Buy position above pivot with the target at 103.630 and 103.800 in extension.
Alternative Price Action: The downside breakout of pivot would call for 102.980 and 102.800.
Comment: price below its 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
AUD/USD Intraday: Trend upside
Our pivot point is at 0.75680
Preferable Price Action: Sell Positions below pivot with targets at 0.75300 & 0.75080 in extension.
Alternative Price Action: Above pivot looks for further upside with 0.76050 & 0.76270 as targets.
Comment: Pair above its 55MA & 20MA and RSI at overbought 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: Strong trend on the upside
Our pivot point is at 46.30
Preferable Price Action: Above pivots buy Oil with 47.40 & 48.10 as targets.
Alternative Price Action: Sell crude below pivot with targets at 45.20 and 44.50 in extension.
Comment: Crude above 55MA & 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
XAU/USD Intraday: Trend downside
Our pivot point is at 1880.00
Preferable Price Action: Further downside to 1864.00 & 1856.00 level.
Alternative Price Action: If the price gives an upside breakout of a pivot, then the price extends to 1896.20 and 1904.70.
Comment: MACD in positive territory and price below 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: In consolidation zone
Our pivot point is at 29,970.00
Preferable Price Action: Take buy positions above pivot with targets at 30,250.00 & 30,400.00 in extension.
Alternative Price Action: Below 29,970.00 looks for further downside to 29,680.00 & 29,520.00.
Comment: Price above its 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 produced7