EUR/USD Intraday: Bias remains bullish
Our pivot point is at 1.09050
Preferable Price Action: Take Long positions above pivot level with targets at 1.09778 & 1.10224 in extension.
Alternative Price Action: Below pivot looks for further downside at 1.08592 & 1.08156.
Comment: pair above 50MA & 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: Trend upside
Our pivot point is at 1.25100
Preferable Price Action: Long positions above pivot with targets at 1.25920 & 1.26370 in extension.
Alternative Price Action: Price below pivot would call for further downside to 1.24603 & 1.24150.
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: Demand for safe asset rise
Our pivot point is at 107.900
Preferable Price Action: Short position below pivot with the target at 107.211 and 106.796 in extension.
Alternative Price Action: The upside breakout of pivot would call for 108.348 and 108.787.
Comment: Pair below 55MA 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: Uptrend continues
Our pivot point is at 0.63750
Preferable Price Action: Long positions above pivot with targets at 0.64464 & 0.64908 in extension.
Alternative Price Action: Below pivot looks for further downside with 0.63246 & 0.62818 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: OPEC+ cut 9M barrel production
Our pivot point is at 29.45
Preferable Price Action: Sell below pivot with targets at 27.81 and 26.58 in extension.
Alternative Price Action: Above pivots buy Oil with 30.78 & 31.93 as targets.
Comment: MACD in the negative zone and RSI below 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 1697.00
Preferable Price Action: Further upside to 1727.25 & 1742.17 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1682.32 and 1667.67.
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 Long positions above pivot with targets at 24230.00 & 24668.39 in extension.
Alternative Price Action: Below 23500.00 looks for further downside to 23048.87 & 22613.60.
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