Sample Category Title

S&P 500 Further Advance

Pivot (invalidation): 2686.00

Our preference Long positions above 2686.00 with targets at 2754.25 & 2800.00 in extension.

Alternative scenario Below 2686.00 look for further downside with 2640.00 & 2602.50 as targets.

Comment The RSI is bullish and calls for further upside.

DAX Further Advance

Pivot (invalidation): 11377.00

Our preference Long positions above 11377.00 with targets at 11525.00 & 11607.00 in extension.

Alternative scenario Below 11377.00 look for further downside with 11285.00 & 11200.00 as targets.

Comment The RSI is bullish and calls for further upside.

USD/TRY The Upside Prevails

Pivot (invalidation): 5.5510

Our preference Long positions above 5.5510 with targets at 5.6300 & 5.6640 in extension.

Alternative scenario Below 5.5510 look for further downside with 5.5090 & 5.4810 as targets.

Comment The break above 5.5510 is a positive signal that has opened a path to 5.6300.

AUD/USD Further Advance

Pivot (invalidation): 0.7105

Our preference Long positions above 0.7105 with targets at 0.7150 & 0.7165 in extension.

Alternative scenario Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets.

Comment The RSI advocates for further advance.

USD/CAD Turning Down

Pivot (invalidation): 1.3155

Our preference Short positions below 1.3155 with targets at 1.3125 & 1.3105 in extension.

Alternative scenario Above 1.3155 look for further upside with 1.3170 & 1.3190 as targets.

Comment The RSI calls for a drop.

USD/CHF Caution

Pivot (invalidation): 1.0055

Our preference Long positions above 1.0055 with targets at 1.0095 & 1.0125 in extension.

Alternative scenario Below 1.0055 look for further downside with 1.0030 & 1.0010 as targets.

Comment Intraday technical indicators are mixed and call for caution.

USD/JPY Watch 112.40

Pivot (invalidation): 113.10

Our preference Short positions below 113.10 with targets at 112.65 & 112.40 in extension.

Alternative scenario Above 113.10 look for further upside with 113.40 & 113.70 as targets.

Comment A break below 112.65 would trigger a drop towards 112.40.

GBP/USD Aim @ 1.2945

Pivot (invalidation): 1.2790

Our preference Long positions above 1.2790 with targets at 1.2900 & 1.2945 in extension.

Alternative scenario Below 1.2790 look for further downside with 1.2765 & 1.2730 as targets.

Comment The RSI calls for a new upleg.

EUR/USD Target 1.1385

Pivot (invalidation): 1.1320

Our preference Long positions above 1.1320 with targets at 1.1360 & 1.1385 in extension.

Alternative scenario Below 1.1320 look for further downside with 1.1300 & 1.1280 as targets.

Comment The RSI calls for a new upleg.

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

EUR/USD

Current level - 1.1344

The rebound after 1.1300 test shows a positive intraday bias, for a rise towards 1.1430, en route to 1.1550.

Resistance Support
intraday intraweek intraday intraweek
1.1430 1.1835 1.1300 1.1430
1.1550 1.2010 1.1300 1.1300

USD/JPY

Current level - 112.80

The peak at 113.40 shows the finale of the rise since 111.38 low and my outlook is bearish, for a dip to 112.20.

Resistance Support
intraday intraweek intraday intraweek
113.50 114.40 112.60 111.65
114.40 114.40 112.20 110.40

GBP/USD

Current level - 1.2851

A reversal has been confirmed at 1.2690 and the bias is positive, for a rise through 1.2870, en route to 1.2940 and 1.3010.

Resistance Support
intraday intraweek intraday intraweek
1.2870 1.3010 1.2770 1.2660
1.2940 1.3440 1.2690 1.2570