Sample Category Title
Silver Spot Bullish Bias Above 14.7100
Pivot (invalidation): 14.7100
Our preference Long positions above 14.7100 with targets at 14.8700 & 14.9400 in extension.
Alternative scenario Below 14.7100 look for further downside with 14.6300 & 14.5500 as targets.
Comment The RSI is below its neutrality area at 50% but reversing up.
Gold Spot The Upside Prevails
Pivot (invalidation): 1331.50
Our preference Long positions above 1331.50 with targets at 1341.50 & 1346.00 in extension.
Alternative scenario Below 1331.50 look for further downside with 1326.50 & 1323.00 as targets.
Comment The RSI advocates for further advance.
EUR/CHF Daily Outlook
Daily Pivots: (S1) 1.1220; (P) 1.1242; (R1) 1.1260; More....
Outlook in EUR/CHF remains unchanged as consolidation from 1.1119 is in progress. In case of stronger rise, upside should be below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.
In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it's likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.
S&P 500 Key Resistance At 2902.50
Pivot (invalidation): 2902.50
Our preference Short positions below 2902.50 with targets at 2871.50 & 2851.50 in extension.
Alternative scenario Above 2902.50 look for further upside with 2913.25 & 2935.25 as targets.
Comment The RSI shows downside momentum.
DAX Consolidation In Place
Pivot (invalidation): 12177.00
Our preference Short positions below 12177.00 with targets at 12030.00 & 11980.00 in extension.
Alternative scenario Above 12177.00 look for further upside with 12230.00 & 12280.00 as targets.
Comment The RSI is mixed.
USD/TRY The Bias Remains Bullish
Pivot (invalidation): 5.7760
Our preference Long positions above 5.7760 with targets at 5.8290 & 5.8570 in extension.
Alternative scenario Below 5.7760 look for further downside with 5.7500 & 5.7280 as targets.
Comment The RSI is mixed to bullish.
AUD/USD Watch 0.6880
Pivot (invalidation): 0.6935
Our preference Short positions below 0.6935 with targets at 0.6900 & 0.6880 in extension.
Alternative scenario Above 0.6935 look for further upside with 0.6950 & 0.6965 as targets.
Comment The immediate trend remains down and the momentum is strong.
USD/CAD Watch 1.3380
Pivot (invalidation): 1.3305
Our preference Long positions above 1.3305 with targets at 1.3360 & 1.3380 in extension.
Alternative scenario Below 1.3305 look for further downside with 1.3270 & 1.3245 as targets.
Comment Technically the RSI is above its neutrality area at 50.
USD/CHF The Bias Remains Bullish
Pivot (invalidation): 0.9925
Our preference Long positions above 0.9925 with targets at 0.9965 & 0.9995 in extension.
Alternative scenario Below 0.9925 look for further downside with 0.9900 & 0.9880 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Choppy
Pivot (invalidation): 108.55
Our preference Short positions below 108.55 with targets at 108.15 & 107.95 in extension.
Alternative scenario Above 108.55 look for further upside with 108.70 & 108.80 as targets.
Comment A break below 108.15 would trigger a drop towards 107.95.
