EUR/USD Intraday: Support at 1.09078
Our pivot point is at 1.08400
Preferable Price Action: Take long positions above pivot level with targets at 1.09078 & 1.09505 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.07803 & 1.07393.
Comment: Pair bounce back from their previous support level
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: Resistance at 1.25157
Our pivot point is at 1.25157
Preferable Price Action: Short positions below pivot with targets at 1.24200 & 1.23742 in extension.
Alternative Price Action: Price above pivot would call for further upside to 1.26077 and 1.26522.
Comment: The RSI indicator below the 50-level mark and pair below its 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
JPY/USD Intraday: Resistance at 108.050
Our pivot point is at 108.050
Preferable Price Action: Short position below 108.050 with the target at 107.250 and 106.816 in extension
Alternative Price Action: The upside breakout of pivot would call for 108.837 and 109.255.
Comment: Pair above its 20MA and 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: Uptrend continues
Our pivot point is at 0.63250
Preferable Price Action: Long positions above pivot with targets at 0.64100 & 0.64545 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.62448 & 0.62000 as targets.
Comment: pair below its 55MA & 20MA and RSI at oversold level.
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: Downtrend continues
Our pivot point is at 24.65
Preferable Price Action: Sell below pivot with targets at 22.70 and 21.62 in extension.
Alternative Price Action: Above pivots buy Oil with 26.63 & 27.65 as targets.
Comment: Pair above its 55MA & below its 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 Upside Continues
Our pivot point is at 1663.00
Preferable Price Action: Further upside to 1690.28 & 1705.64.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1638.76 and 1623.39.
Comment: Gold tops $1,600 for the first time since 2013 as coronavirus fears spur haven demand
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 Trend change
Our pivot point is at 24285.00
Preferable Price Action: Take Short positions below pivot with targets at 23640.00 & 23204.48 in extension.
Alternative Price Action: Above 24285.00 looks for further upside to 24871.02 & 25288.90.
Comment: Pair is trading below its 20MA & 55MA 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