Sample Category Title
USD/JPY The Downside Prevails
Pivot (invalidation): 109.70
Our preference Short positions below 109.70 with targets at 109.10 & 108.85 in extension.
Alternative scenario Above 109.70 look for further upside with 109.95 & 110.25 as targets.
Comment The break below 109.70 is a negative signal that has opened a path to 109.10.
GBP/USD The Bias Remains Bullish
Pivot (invalidation): 1.3150
Our preference Long positions above 1.3150 with targets at 1.3260 & 1.3300 in extension.
Alternative scenario Below 1.3150 look for further downside with 1.3080 & 1.3010 as targets.
Comment The break above 1.3150 is a positive signal that has opened a path to 1.3260.
EUR/USD 1.1455 Expected
Pivot (invalidation): 1.1395
Our preference Long positions above 1.1395 with targets at 1.1435 & 1.1455 in extension.
Alternative scenario Below 1.1395 look for further downside with 1.1370 & 1.1350 as targets.
Comment The RSI is bullish and calls for further upside.
USD/TRY Under Pressure
Pivot (invalidation): 5.2770
Our preference Short positions below 5.2770 with targets at 5.2420 & 5.2200 in extension.
Alternative scenario Above 5.2770 look for further upside with 5.2940 & 5.3150 as targets.
Comment As Long as the resistance at 5.2770 is not surpassed, the risk of the break below 5.2420 remains high.
AUD/USD The Upside Prevails
Pivot (invalidation): 0.7180
Our preference Long positions above 0.7180 with targets at 0.7215 & 0.7235 in extension.
Alternative scenario Below 0.7180 look for further downside with 0.7165 & 0.7150 as targets.
Comment The RSI is bullish and calls for further upside.
USD/CAD The Downside Prevails
Pivot (invalidation): 1.3240
Our preference Short positions below 1.3240 with targets at 1.3180 & 1.3155 in extension.
Alternative scenario Above 1.3240 look for further upside with 1.3270 & 1.3300 as targets.
Comment The RSI advocates for further downside.
USD/CHF The Downside Prevails
Pivot (invalidation): 0.9935
Our preference Short positions below 0.9935 with targets at 0.9900 & 0.9885 in extension.
Alternative scenario Above 0.9935 look for further upside with 0.9950 & 0.9975 as targets.
Comment The RSI is bearish and calls for further decline.
S&P 500 Bullish Bias Above 2642.75
Pivot (invalidation): 2642.75
Our preference Long positions above 2642.75 with targets at 2676.00 & 2695.00 in extension.
Alternative scenario Below 2642.75 look for further downside with 2626.50 & 2613.00 as targets.
Comment The RSI is mixed to bullish.
DAX The Upside Prevails
Pivot (invalidation): 11170.00
Our preference Long positions above 11170.00 with targets at 11390.00 & 11460.00 in extension.
Alternative scenario Below 11170.00 look for further downside with 11120.00 & 11060.00 as targets.
Comment The RSI is bullish and calls for further upside.
Crude Oil Under Pressure
Pivot (invalidation): 53.80
Our preference Short positions below 53.80 with targets at 52.90 & 52.55 in extension.
Alternative scenario Above 53.80 look for further upside with 54.15 & 54.50 as targets.
Comment The RSI is mixed to bearish.
