EUR/USD Intraday: Trend may change
Our pivot point is at 1.09030
Preferable Price Action: Take Long positions above pivot level with targets at 1.09907 & 1.10316 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.08606 & 1.08183.
Comment: pair below 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
GBP/USD Intraday: Bias remain bullish
Our pivot point is at 1.24230
Preferable Price Action: Long positions above pivot with targets at 1.25197 & 1.25655 in extension.
Alternative Price Action: Price below pivot would call for further downside to 1.23685 & 1.23147.
Comment: The RSI indicator above 50 levels and pair above 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: In consolidation zone
Our pivot point is at 108.560
Preferable Price Action: Short position below pivot with the target at 108.087 and 107.691 in extension.
Alternative Price Action: The upside breakout of pivot would call for 108.997 and 109.365.
Comment: Pair below 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 0.63150
Preferable Price Action: Long positions above pivot with targets at 0.64093 & 0.64551 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.62530 & 0.62017 as targets.
Comment: RSI above 50 level and pair continues rise
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: Break Resistance
Our pivot point is at 28.95
Preferable Price Action: Sell below pivot with targets at 26.94 and 25.78 in extension.
Alternative Price Action: Above pivots buy Oil with 30.21 & 31.41 as targets.
Comment: MACD in the positive zone and RSI above 50 level mark.
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: Uptrend Continues
Our pivot point is at 1670.00
Preferable Price Action: Further upside to 1700.21 & 1716.26 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1651.65 and 1635.24.
Comment: demand for safe heaven rise as uncertainity extend.
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 may change
Our pivot point is at 23500.00
Preferable Price Action: Take Short positions below pivot with targets at 23118.32 & 22639.44 in extension.
Alternative Price Action: Above 23700.00 looks for further upside to 24082.92 & 24454.24.
Comment: May price reverse from here
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