EUR/USD Intraday: Trend on the upside
Our pivot point is at 1.15780
Preferable Price Action: Take Short positions below pivot level with targets at 1.15220 & 1.14860 in extension.
Alternative Price Action: Above pivot looks for a further upside to 1.16450 & 1.16860.
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: Resistance at 1.37050
Our pivot point is at 1.34310
Preferable Price Action: Sell positions below pivot with targets at 1.34310 & 1.33690 in extension.
Alternative Price Action: The price above pivot would call for further upside to 1.36510 & 1.37110.
Comment: Pair below its 50MA & 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
USD/JPY Intraday: Resistance at 114.060
Our pivot point is at 113.980
Preferable Price Action: Sell position below pivot with the target at 113.370 and 113.050 in extension.
Alternative Price Action: The downside breakout of the pivot would call for 114.580 and 114.870.
Comment: Price below its 55MA & 20MA 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: Break support level
Our pivot point is at 0.74470
Preferable Price Action: Sell Positions below pivot with targets at 0.73600 & 0.73000 in extension.
Alternative Price Action: Above pivot looks for a further upside with 0.75570 & 0.76310 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: Trend on the downside
Our pivot point is at 81.10
Preferable Price Action: Below pivots sell Oil with 77.80 & 76.40 as targets.
Alternative Price Action: Buy crude above pivot with targets at 84.70 and 86.30 in extension.
Comment: Crude is above its 55MA & 20MA and MACD in the 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 on the downside
Our pivot point is 1783.00
Preferable Price Action: Further Upside to 1804.00 and 1814.00
Alternative Price Action: If the price gives a Downside breakout of a pivot, then the price extends to 1765.00 and 1753.00
Comment: MACD in flat territory and price above 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: Support at 35,920.00
Our pivot point is 36,052.00
Preferable Price Action: Take long positions above pivot with targets at 36274.00 & 36,385.00.
Alternative Price Action: Below 35,790.00 looks for further downside to 35,819.00 & 35,679.00.
Comment: Price above its 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