EUR/USD Intraday: Trend may change
Our pivot point is at 1.09550
Preferable Price Action: Take Short positions below pivot level with targets at 1.08910& 1.08509 in extension.
Alternative Price Action: Above pivot looks for further upside at 1.10157 & 1.10519.
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: Bias downside
Our pivot point is at 1.25450
Preferable Price Action: Short positions below pivot with targets at 1.24714 & 1.24259 in extension.
Alternative Price Action: Price above pivot would call for further upside to 1.26132 & 1.26565.
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: Trend continues down
Our pivot point is at 107.750
Preferable Price Action: Short position below pivot with the target at 107.013 and 106.591 in extension.
Alternative Price Action: The upside breakout of pivot would call for 108.387 and 108.782.
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: Trend may change
Our pivot point is at 0.63700
Preferable Price Action: Short positions below pivot with targets at 0.62987 & 0.62535 in extension.
Alternative Price Action: Above pivot looks for further upside with 0.64338 & 0.64739 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: Price tend to down irrespective of action by OPEC
Our pivot point is at 26.75
Preferable Price Action: Sell below pivot with targets at 25.03 and 23.68 in extension.
Alternative Price Action: Above pivots buy Oil with 28.47 & 29.73 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 1698.00
Preferable Price Action: Further upside to 1727.70 & 1743.15 level.
Alternative Price Action: If price gives downside breakout of a pivot, then price extends to 1671.91 and 1657.37.
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 to down
Our pivot point is at 23700.00
Preferable Price Action: Take Short positions below pivot with targets at 23129.00 & 22686.94 in extension.
Alternative Price Action: Above 23700.00 looks for further upside to 24282.63 & 24696.32.
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