EUR/USD Intraday: Trend upside
Our pivot point is at 1.09600
Preferable Price Action: Take Long positions above pivot level with targets at 1.09967 & 1.10206 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.09232 & 1.09000.
Comment: pair above 20MA & 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
GBP/USD Intraday: Trend downside
Our pivot point is at 1.22300
Preferable Price Action: Short positions below pivot with targets at 1.21644 & 1.21341 in extension.
Alternative Price Action: Price above pivot would call for further upside to 1.22947 & 1.23241.
Comment: MACD in the positive zone and pair below 20MA & 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
JPY/USD Intraday: Bias on the upside
Our pivot point is at 107.700
Preferable Price Action: Long position above pivot with the target at 107.955 and 108.106 in extension.
Alternative Price Action: The downside breakout of pivot would call for 107.444 and 107.293.
Comment: Pair above 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
AUD/USD Intraday: Support at 0.65500
Our pivot point is at 0.65500
Preferable Price Action: Long positions above pivot with targets at 0.65921 & 0.66149 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.65092 & 0.64859 as targets.
Comment: MACD in the negative zone 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
CRUDEOIL Intraday: Support at 33.60
Our pivot point is at 33.60
Preferable Price Action: Buy crude above pivot with targets at 34.65 and 35.25 in extension.
Alternative Price Action: Below pivots sell Oil with 32.48 & 31.87 as targets.
Comment: RSI at 50 levels and price above 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
XAU/USD Intraday: Bias on the upside
Our pivot point is at 1733.00
Preferable Price Action: Further upside to 1742.67 & 1747.69 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1723.66 and 1718.46.
Comment: RSI above 50 level mark and price above 20MA & 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: Trend may change
Our pivot point is at 24550.00
Preferable Price Action: Take sell positions below pivot with targets at 24186.94 & 23987.06 in extension.
Alternative Price Action: Above 24550.00 looks for further upside to 24910.31 & 25116.53.
Comment: Inde below 20MA & 55MA and also 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 produced7