Sample Category Title
GBP/USD Target 1.2590
Pivot (invalidation): 1.2645
Our preference Short positions below 1.2645 with targets at 1.2605 & 1.2590 in extension.
Alternative scenario Above 1.2645 look for further upside with 1.2675 & 1.2705 as targets.
Comment A break below 1.2605 would trigger a drop towards 1.2590.
USD/JPY Bullish Bias Above 112.30
Pivot (invalidation): 112.30
Our preference Long positions above 112.30 with targets at 112.65 & 112.85 in extension.
Alternative scenario Below 112.30 look for further downside with 112.10 & 112.00 as targets.
Comment A support base at 112.30 has formed and has allowed for a temporary stabilisation.
USD/CHF Further Upside
Pivot (invalidation): 0.9925
Our preference Long positions above 0.9925 with targets at 0.9970 & 0.9985 in extension.
Alternative scenario Below 0.9925 look for further downside with 0.9910 & 0.9895 as targets.
Comment The RSI is bullish and calls for further advance.
USD/CAD Further Upside
Pivot (invalidation): 1.3460
Our preference Long positions above 1.3460 with targets at 1.3525 & 1.3540 in extension.
Alternative scenario Below 1.3460 look for further downside with 1.3435 & 1.3410 as targets.
Comment The RSI advocates for further advance.
AUD/USD Under Pressure
Pivot (invalidation): 0.7130
Our preference Short positions below 0.7130 with targets at 0.7085 & 0.7065 in extension.
Alternative scenario Above 0.7130 look for further upside with 0.7145 & 0.7160 as targets.
Comment The RSI advocates for further decline.
USD/TRY Key Resistance At 5.3210
Pivot (invalidation): 5.3210
Our preference Short positions below 5.3210 with targets at 5.2670 & 5.2460 in extension.
Alternative scenario Above 5.3210 look for further upside with 5.3560 & 5.3940 as targets.
Comment As Long as the resistance at 5.3210 is not surpassed, the risk of the break below 5.2670 remains high.
S&P 500 Under Pressure
Pivot (invalidation): 2550.00
Our preference Short positions below 2550.00 with targets at 2472.00 & 2435.00 in extension.
Alternative scenario Above 2550.00 look for further upside with 2588.50 & 2608.00 as targets.
Comment The RSI is bearish and calls for further downside.
DAX Key Resistance At 10840.00
Pivot (invalidation): 10840.00
Our preference Short positions below 10840.00 with targets at 10685.00 & 10620.00 in extension.
Alternative scenario Above 10840.00 look for further upside with 10910.00 & 11000.00 as targets.
Comment The RSI is below its neutrality area at 50%
Crude Oil Bullish Bias Above 47.00
Pivot (invalidation): 47.00
Our preference Long positions above 47.00 with targets at 47.90 & 48.40 in extension.
Alternative scenario Below 47.00 look for further downside with 46.10 & 45.50 as targets.
Comment A support base at 47.00 has formed and has allowed for a temporary stabilisation.
Silver Spot Consolidation
Pivot (invalidation): 14.6700
Our preference Short positions below 14.6700 with targets at 14.4700 & 14.4000 in extension.
Alternative scenario Above 14.6700 look for further upside with 14.7200 & 14.7800 as targets.
Comment As Long as 14.6700 is resistance, look for choppy price action with a bearish bias.
