Sample Category Title
DAX The Bias Remains Bullish
Pivot (invalidation): 11440.00
Our preference Long positions above 11440.00 with targets at 11560.00 & 11617.00 in extension.
Alternative scenario Below 11440.00 look for further downside with 11370.00 & 11310.00 as targets.
Comment The RSI is around its neutrality area at 50%
USD/TRY Rebound Expected
Pivot (invalidation): 5.2910
Our preference Long positions above 5.2910 with targets at 5.3210 & 5.3300 in extension.
Alternative scenario Below 5.2910 look for further downside with 5.2820 & 5.2730 as targets.
Comment The RSI calls for a bounce.
AUD/USD Bullish Bias Above 0.7140
Pivot (invalidation): 0.7140
Our preference Long positions above 0.7140 with targets at 0.7185 & 0.7205 in extension.
Alternative scenario Below 0.7140 look for further downside with 0.7120 & 0.7100 as targets.
Comment A support base at 0.7140 has formed and has allowed for a temporary stabilisation.
USD/CAD Further Advance
Pivot (invalidation): 1.3160
Our preference Long positions above 1.3160 with targets at 1.3215 & 1.3245 in extension.
Alternative scenario Below 1.3160 look for further downside with 1.3135 & 1.3110 as targets.
Comment The RSI is bullish and calls for further upside.
USD/CHF Bullish Bias Above 0.9980
Pivot (invalidation): 0.9980
Our preference Long positions above 0.9980 with targets at 1.0010 & 1.0025 in extension.
Alternative scenario Below 0.9980 look for further downside with 0.9965 & 0.9950 as targets.
Comment The RSI lacks downward momentum.
USD/JPY Towards 110.55
Pivot (invalidation): 110.95
Our preference Short positions below 110.95 with targets at 110.70 & 110.55 in extension.
Alternative scenario Above 110.95 look for further upside with 111.10 & 111.25 as targets.
Comment A break below 110.70 would trigger a drop towards 110.55.
GBP/USD The Upside Prevails
Pivot (invalidation): 1.3090
Our preference Long positions above 1.3090 with targets at 1.3160 & 1.3200 in extension.
Alternative scenario Below 1.3090 look for further downside with 1.3050 & 1.3020 as targets.
Comment The RSI is bullish and calls for further advance.
EUR/USD Further Upside
Pivot (invalidation): 1.1340
Our preference Long positions above 1.1340 with targets at 1.1385 & 1.1400 in extension.
Alternative scenario Below 1.1340 look for further downside with 1.1325 & 1.1310 as targets.
Comment The RSI calls for a new upleg.
USDJPY Bulls Back In Control
The US dollar has moved to a new monthly trading high against the Japanese yen currency, with the pair finally breaking from its ten-day trading range. The USDJPY pair has a strong intraday bullish bias while trading above the 111.12 resistance level, with buyers now likely to target the 111.40 level. Traders are likely to remain slightly cautious, as Federal Reserve Chair Powell is set to testify on Capitol Hill later today.
The USDJPY pair is strongly bullish while trading above the 111.12 level, key technical resistance is found at the 111.40 and 112.15 levels.
If the USDJPY pair trades below the 110.80 level, sellers may test towards the 110.60 and 110.40 support levels.
LTCUSD $39.00 Key Support
Litecoin has started to make a technical correction lower after the cryptocurrency reached the overall bullish objective of the inverted head and shoulders pattern. The broader cryptocurrency market is also under slight selling pressure on Tuesday, following Monday’s heavy sell-off. Overall, bulls must defend the $39.50 level to retain the pairs short-term bullish trading bias.
The LTCUSD pair is bullish while trading above the $39.50 level, key technical resistance is now found at the $46.00 and $51.00 levels.
If the LTCUSD pair trades below the $39.50 level, key support is found at the $36.00 and $33.00 levels.
