Sample Category Title
USD/CAD Under Pressure
Pivot (invalidation): 1.3185
Our preference Short positions below 1.3185 with targets at 1.3155 & 1.3140 in extension.
Alternative scenario Above 1.3185 look for further upside with 1.3200 & 1.3215 as targets.
Comment The RSI calls for a new downleg.
USD/CHF Aim @ 0.9880
Pivot (invalidation): 0.9955
Our preference Short positions below 0.9955 with targets at 0.9915 & 0.9880 in extension.
Alternative scenario Above 0.9955 look for further upside with 0.9985 & 1.0010 as targets.
Comment A break below 0.9915 would trigger a drop towards 0.9880.
USD/JPY Under Pressure
Pivot (invalidation): 112.65
Our preference Short positions below 112.65 with targets at 112.35 & 112.00 in extension.
Alternative scenario Above 112.65 look for further upside with 112.85 & 113.15 as targets.
Comment The upward potential is likely to be limited by the resistance at 112.65.
GBP/USD The Upside Prevails
Pivot (invalidation): 1.2830
Our preference Long positions above 1.2830 with targets at 1.2880 & 1.2915 in extension.
Alternative scenario Below 1.2830 look for further downside with 1.2800 & 1.2755 as targets.
Comment The RSI lacks downward momentum.
EUR/USD Target 1.1500
Pivot (invalidation): 1.1420
Our preference Long positions above 1.1420 with targets at 1.1475 & 1.1500 in extension.
Alternative scenario Below 1.1420 look for further downside with 1.1390 & 1.1365 as targets.
Comment The RSI calls for a new upleg.
S&P 500 Under Pressure
Pivot (invalidation): 2721.75
Our preference Short positions below 2721.75 with targets at 2670.00 & 2640.00 in extension.
Alternative scenario Above 2721.75 look for further upside with 2744.00 & 2765.00 as targets.
Comment The RSI is bearish and calls for further downside.
DAX Intraday Support Around 11205.00
Pivot (invalidation): 11205.00
Our preference Long positions above 11205.00 with targets at 11353.00 & 11420.00 in extension.
Alternative scenario Below 11205.00 look for further downside with 11132.00 & 11051.00 as targets.
Comment Intraday technical indicators lack momentum.
Crude Oil The Bias Remains Bullish
Pivot (invalidation): 56.50
Our preference Long positions above 56.50 with targets at 57.60 & 58.15 in extension.
Alternative scenario Below 56.50 look for further downside with 56.00 & 55.25 as targets.
Comment The RSI is mixed to bullish.
Silver Spot Bullish Bias Above 14.3300
Pivot (invalidation): 14.3300
Our preference Long positions above 14.3300 with targets at 14.4400 & 14.4800 in extension.
Alternative scenario Below 14.3300 look for further downside with 14.2200 & 14.1600 as targets.
Comment The RSI is mixed with a bullish bias.
Gold Spot The Bias Remains Bullish
Pivot (invalidation): 1219.00
Our preference Long positions above 1219.00 with targets at 1225.50 & 1228.00 in extension.
Alternative scenario Below 1219.00 look for further downside with 1216.50 & 1213.50 as targets.
Comment The RSI is mixed with a bullish bias.
