EUR/USD Intraday: Trend on the downside
Our pivot point is at 1.14670
Preferable Price Action: Take Short positions below pivot level with targets at 1.14060 & 1.13560 in extension.
Alternative Price Action: Above pivot looks for a further upside to 1.15240 & 1.15750.
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 1.34270
Our pivot point is at 1.34270
Preferable Price Action: Buy positions above pivot with targets at 1.35270 & 1.36380 in extension.
Alternative Price Action: The price below pivot would call for further downside to 1.33070 & 1.32010.
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 114.190
Our pivot point is at 114.190
Preferable Price Action: Sell position below pivot with the target at 113.570 and 113.000 in extension.
Alternative Price Action: The downside breakout of the pivot would call for 114.680 and 115.220.
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 0.73080
Preferable Price Action: Sell Positions below pivot with targets at 0.72700 & 0.72340 in extension.
Alternative Price Action: Above pivot looks for a further upside with 0.73540 & 0.73880 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 80.10
Preferable Price Action: Above pivots buy Oil with 81.70 & 83.00 as targets.
Alternative Price Action: Sell crude below pivot with targets at 78.70 and 77.50 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 1852.70
Preferable Price Action: Further Upside to 1872.90 and 1890.60
Alternative Price Action: If the price gives a Downside breakout of a pivot, then the price extends to 1832.00 and 1815.90
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 35,940.00
Our pivot point is 35,940.00
Preferable Price Action: Take long positions above pivot with targets at 36,120.00 & 36,250.00.
Alternative Price Action: Below looks for further downside to 35,830.00 & 35,700.00.
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