EUR/USD Intraday: Trend on the downside
Our pivot point is at 1.15800
Preferable Price Action: Take Short positions below pivot level with targets at 1.15130 & 1.14700 in extension.
Alternative Price Action: Above pivot looks for a further upside to 1.16500 & 1.16880.
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 1.35200
Our pivot point is at 1.35200
Preferable Price Action: Sell positions below pivot with targets at 1.34410 & 1.33730 in extension.
Alternative Price Action: The price above pivot would call for further upside to 1.36130 & 1.36930.
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 114.000
Our pivot point is at 113.950
Preferable Price Action: Sell position below pivot with the target at 113.310 and 113.890 in extension.
Alternative Price Action: The downside breakout of the pivot would call for 114.410 and 114.730.
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 0.74180
Preferable Price Action: Sell Positions below pivot with targets at 0.73650 & 0.73190 in extension.
Alternative Price Action: Above pivot looks for a further upside with 0.74770 & 0.75070 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: Above pivots buy Oil with 84.10 & 86.90 as targets.
Alternative Price Action: Sell crude below pivot with targets at 78.40 and 76.30 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 upside
Our pivot point is 1811.40
Preferable Price Action: Further Upside to 1831.20 and 1844.60
Alternative Price Action: If the price gives a Downside breakout of a pivot, then the price extends to 1796.90 and 1782.10
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 36,160.00
Our pivot point is 36,210.00
Preferable Price Action: Take long positions above pivot with targets at 36,520.00 & 36,690.00.
Alternative Price Action: Below 35,790.00 looks for further downside to 36,030.00 & 35,860.00.
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