Sample Category Title

USD/TRY Rebound Expected

Pivot (invalidation): 5.4160

Our preference Long positions above 5.4160 with targets at 5.4760 & 5.5070 in extension.

Alternative scenario Below 5.4160 look for further downside with 5.3875 & 5.3535 as targets.

Comment The RSI calls for a rebound.

AUD/USD Under Pressure

Pivot (invalidation): 0.7210

Our preference Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.

Alternative scenario Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets.

Comment The RSI is bearish and calls for further downside.

USD/CAD The Upside Prevails

Pivot (invalidation): 1.3090

Our preference Long positions above 1.3090 with targets at 1.3120 & 1.3140 in extension.

Alternative scenario Below 1.3090 look for further downside with 1.3065 & 1.3045 as targets.

Comment The RSI lacks downward momentum.

USD/CHF Watch 1.0070

Pivot (invalidation): 1.0020

Our preference Long positions above 1.0020 with targets at 1.0050 & 1.0070 in extension.

Alternative scenario Below 1.0020 look for further downside with 0.9990 & 0.9965 as targets.

Comment The RSI is bullish and calls for further upside.

USD/JPY Aim @ 113.60

Pivot (invalidation): 112.90

Our preference Long positions above 112.90 with targets at 113.35 & 113.60 in extension.

Alternative scenario Below 112.90 look for further downside with 112.70 & 112.55 as targets.

Comment Technically the RSI is above its neutrality area at 50.

GBP/USD Bullish Bias Above 1.2950

Pivot (invalidation): 1.2950

Our preference Long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.

Alternative scenario Below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.

Comment A support base at 1.2950 has formed and has allowed for a temporary stabilisation.

EUR/USD The Downside Prevails

Pivot (invalidation): 1.1405

Our preference Short positions below 1.1405 with targets at 1.1370 & 1.1350 in extension.

Alternative scenario Above 1.1405 look for further upside with 1.1430 & 1.1455 as targets.

Comment As Long as 1.1405 is resistance, look for choppy price action with a bearish bias.

Crude Oil Under Pressure

Pivot (invalidation): 63.30

Our preference Short positions below 63.30 with targets at 62.25 & 61.75 in extension.

Alternative scenario Above 63.30 look for further upside with 63.90 & 64.70 as targets.

Comment The RSI advocates for further downside.

Silver Spot Turning Down

Pivot (invalidation): 14.7800

Our preference Short positions below 14.7800 with targets at 14.6200 & 14.5500 in extension.

Alternative scenario Above 14.7800 look for further upside with 14.8500 & 14.9100 as targets.

Comment The RSI advocates for further decline.

Gold Spot Caution

Pivot (invalidation): 1230.50

Our preference Long positions above 1230.50 with targets at 1235.00 & 1237.50 in extension.

Alternative scenario Below 1230.50 look for further downside with 1228.00 & 1224.00 as targets.

Comment A break below 1235.00 would trigger a drop towards 1237.50.