Sample Category Title
GBP/USD Key Resistance At 1.2665
Pivot (invalidation): 1.2665
Our preference Short positions below 1.2665 with targets at 1.2630 & 1.2605 in extension.
Alternative scenario Above 1.2665 look for further upside with 1.2690 & 1.2720 as targets.
Comment The upward potential is likely to be limited by the resistance at 1.2665.
USD/JPY Bullish Bias Above 110.80
Pivot (invalidation): 110.80
Our preference Long positions above 110.80 with targets at 111.45 & 111.80 in extension.
Alternative scenario Below 110.80 look for further downside with 110.45 & 110.25 as targets.
Comment A support base at 110.80 has formed and has allowed for a temporary stabilisation.
USD/CHF Watch 0.9900
Pivot (invalidation): 0.9945
Our preference Short positions below 0.9945 with targets at 0.9900 & 0.9880 in extension.
Alternative scenario Above 0.9945 look for further upside with 0.9965 & 0.9990 as targets.
Comment The RSI calls for a new downleg.
USD/CAD Caution
Pivot (invalidation): 1.3595
Our preference Short positions below 1.3595 with targets at 1.3560 & 1.3525 in extension.
Alternative scenario Above 1.3595 look for further upside with 1.3615 & 1.3640 as targets.
Comment As Long as 1.3595 is resistance, look for choppy price action with a bearish bias.
AUD/USD Bullish Bias Above 0.7045
Pivot (invalidation): 0.7045
Our preference Long positions above 0.7045 with targets at 0.7075 & 0.7100 in extension.
Alternative scenario Below 0.7045 look for further downside with 0.7030 & 0.7010 as targets.
Comment The RSI lacks downward momentum.
USD/TRY Capped By A Negative Trend Line
Pivot (invalidation): 5.2920
Our preference Short positions below 5.2920 with targets at 5.2570 & 5.2400 in extension.
Alternative scenario Above 5.2920 look for further upside with 5.3120 & 5.3400 as targets.
Comment As Long as the resistance at 5.2920 is not surpassed, the risk of the break below 5.2570 remains high.
S&P 500 Turning Up
Pivot (invalidation): 2392.00
Our preference Long positions above 2392.00 with targets at 2505.00 & 2583.00 in extension.
Alternative scenario Below 2392.00 look for further downside with 2345.00 & 2275.00 as targets.
Comment The RSI calls for a rebound.
DAX The Downside Prevails
Pivot (invalidation): 10658.00
Our preference Short positions below 10658.00 with targets at 10530.00 & 10450.00 in extension.
Alternative scenario Above 10658.00 look for further upside with 10700.00 & 10770.00 as targets.
Comment The RSI is mixed. Market closed
Crude Oil Further Advance
Pivot (invalidation): 45.20
Our preference Long positions above 45.20 with targets at 47.50 & 48.40 in extension.
Alternative scenario Below 45.20 look for further downside with 44.10 & 43.50 as targets.
Comment The RSI advocates for further advance.
Silver Spot Further Advance
Pivot (invalidation): 14.9000
Our preference Long positions above 14.9000 with targets at 15.1700 & 15.2300 in extension.
Alternative scenario Below 14.9000 look for further downside with 14.8000 & 14.7000 as targets.
Comment The RSI is mixed with a bullish bias.
