EUR/USD Intraday: Trend upside
Our pivot point is at 1.20960
Preferable Price Action: Take Long positions above pivot level with targets at 1.21350 & 1.21600 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.20580 & 1.20330.
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
GBP/USD Intraday: Support at 1.35790
Our pivot point is at 1.35790
Preferable Price Action: Buy positions above pivot with targets at 1.36400 & 1.36700 in extension.
Alternative Price Action: The price below pivot would call for further downside to 1.35200 & 1.34900.
Comment: Price 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
USD/JPY Intraday: support at 103.940
Our pivot point is at 103.940
Preferable Price Action: Buy position above with the target at 104.200 and 104.400 in extension.
Alternative Price Action: The downside breakout of pivot would call for 103.690 and 103.490.
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
AUD/USD Intraday: Trend downside
Our pivot point is at 0.77200
Preferable Price Action: Sell Positions below pivot with targets at 0.76850 & 0.76600 in extension.
Alternative Price Action: Above pivot looks for further upside with 0.77550 & 0.77800 as targets.
Comment: Pair below its 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
CRUDEOIL Intraday: Support at 52.15
Our pivot point is at 52.15
Preferable Price Action: Above pivots buy Oil with 53.00 & 53.50 as targets.
Alternative Price Action: Sell crude below pivot with targets at 51.30 and 50.80 in extension.
Comment: Crude above its 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
XAU/USD Intraday: Major support at 1839.20
Our pivot point is at 1839.20
Preferable Price Action: Further upside to 1848.60 & 1855.00.
Alternative Price Action: If the price gives a downside breakout of a pivot, then the price extends to 1830.40 and 1823.70.
Comment: MACD in positive territory and price above 55MA & 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: Resistance at 30,900.00
Our pivot point is at 30,900.00
Preferable Price Action: Take buy positions above pivot with targets at 31,100.00 & 31,200.00 in extension.
Alternative Price Action: Below 30,900.00 looks for further downside to 30,700.00 & 30,600.00.
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