EUR/USD Intraday: Resistance at 1.17870
Our pivot point is at 1.17870
Preferable Price Action: Take short positions below pivot level with targets at 1.17490 & 1.17280 in extension.
Alternative Price Action: Above pivot looks for a further upside to 1.18280 & 1.18490.
Comment: Pair 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 produced
GBP/USD Intraday: Trend on the downside
Our pivot point is at 1.36610
Preferable Price Action: Sell positions below pivot with targets at 1.35430 & 1.34810 in extension.
Alternative Price Action: The price above pivot would call for further upside to 1.38020 & 1.38650.
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 produced
USD/JPY Intraday: Trend on the upside
Our pivot point is at 109.700
Preferable Price Action: Buy position above pivot with the target at 110.120 and 110.360 in extension.
Alternative Price Action: The downside breakout of the pivot would call for 109.320 and 109.020.
Comment: price above its 20MA & 50MA 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: Resistance at 0.73450
Our pivot point is at 0.73450
Preferable Price Action: Sell Positions below pivot with targets at 0.72680 & 0.72260 in extension.
Alternative Price Action: Above pivot looks for a further upside with 0.74260 & 0.74680 as targets.
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
CRUDEOIL Intraday: Strong trend on the downside
Our pivot point is at 68.14
Preferable Price Action: Below pivots sell Oil with 65.15 & 63.42 as targets.
Alternative Price Action: Buy crude above pivot with targets at 71.21 and 72.95 in extension.
Comment: Crude is below its 55MA and MACD in the 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
XAU/USD Intraday: Support at 1807.80
Our pivot point is 1807.80
Preferable Price Action: Further upside to 1818.60 & 1826.90.
Alternative Price Action: If the price gives a downside breakout of a pivot, then the price extends to 1794.90 and 1787.20.
Comment: MACD in positive territory and price above it’s 20MA & 50MA.
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: Trend change to the upside
Our pivot point is 34,342.00
Preferable Price Action: Take long positions above pivot with targets at 34,729.00 & 34,949.00.
Alternative Price Action: Below 34,342.00 looks for further downside to 33,950.00 & 33,717.00.
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 produced