Sample Category Title
S&P 500 Further Advance
Pivot (invalidation): 2820.00
Our preference Long positions above 2820.00 with targets at 2871.75 & 2890.00 in extension.
Alternative scenario Below 2820.00 look for further downside with 2802.00 & 2785.50 as targets.
Comment The RSI is mixed with a bullish bias.
DAX Limited Upside
Pivot (invalidation): 11875.00
Our preference Long positions above 11875.00 with targets at 12030.00 & 12140.00 in extension.
Alternative scenario Below 11875.00 look for further downside with 11790.00 & 11730.00 as targets.
Comment The RSI is bullish and calls for further advance.
USD/TRY Continuation Of The Rebound
Pivot (invalidation): 6.0180
Our preference Long positions above 6.0180 with targets at 6.0750 & 6.1080 in extension.
Alternative scenario Below 6.0180 look for further downside with 5.9900 & 5.9530 as targets.
Comment The RSI advocates for further upside.
AUD/USD The Downside Prevails.
Pivot (invalidation): 0.6950
Our preference Short positions below 0.6950 with targets at 0.6915 & 0.6900 in extension.
Alternative scenario Above 0.6950 look for further upside with 0.6965 & 0.6985 as targets.
Comment The RSI is bearish and calls for further decline.
USD/CAD Under Pressure
Pivot (invalidation): 1.3485
Our preference Short positions below 1.3485 with targets at 1.3445 & 1.3420 in extension.
Alternative scenario Above 1.3485 look for further upside with 1.3505 & 1.3525 as targets.
Comment The RSI lacks upward momentum.
USD/CHF Bullish Bias Above 1.0065
Pivot (invalidation): 1.0065
Our preference Long positions above 1.0065 with targets at 1.0100 & 1.0125 in extension.
Alternative scenario Below 1.0065 look for further downside with 1.0045 & 1.0030 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Target 110.05
Pivot (invalidation): 109.45
Our preference Long positions above 109.45 with targets at 109.80 & 110.05 in extension.
Alternative scenario Below 109.45 look for further downside with 109.25 & 109.00 as targets.
Comment The RSI advocates for further upside.
GBP/USD 1.2865 Expected
Pivot (invalidation): 1.2935
Our preference Short positions below 1.2935 with targets at 1.2900 & 1.2865 in extension.
Alternative scenario Above 1.2935 look for further upside with 1.2970 & 1.3000 as targets.
Comment A break below 1.2900 would trigger a drop towards 1.2865.
EUR/USD 1.1180 Expected
Pivot (invalidation): 1.1220
Our preference Short positions below 1.1220 with targets at 1.1200 & 1.1180 in extension.
Alternative scenario Above 1.1220 look for further upside with 1.1230 & 1.1245 as targets.
Comment A break below 1.1200 would trigger a drop towards 1.1180.
EURUSD Bearish Below 1.1216
The euro is testing towards the 1.1200 level against the US dollar after bulls once again failed to break above the pairs former weekly trading high. The overall sentiment towards the EURUSD pair is intraday bearish while trading below the 1.1216 level. Buyers need to stabilize the EURUSD pair above the 1.1230 resistance level to encourage the next wave of strong buying interest.
The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1230 and 1.1264 levels.
If the EURUSD pair moves below the 1.1216 level, key technical support is found at the 1.1190 and 1.1164 levels.
