Sample Category Title

GBP/USD The Downside Prevails

Pivot (invalidation): 1.3130

Our preference Short positions below 1.3130 with targets at 1.3075 & 1.3050 in extension.

Alternative scenario Above 1.3130 look for further upside with 1.3165 & 1.3190 as targets.

Comment The RSI lacks upward momentum.

EUR/USD Aim @ 1.1460

Pivot (invalidation): 1.1525

Our preference Short positions below 1.1525 with targets at 1.1485 & 1.1460 in extension.

Alternative scenario Above 1.1525 look for further upside with 1.1545 & 1.1580 as targets.

Comment The RSI is capped by a declining trend line.

USD/TRY Towards 5.4940

Pivot (invalidation): 5.6340

Our preference Short positions below 5.6340 with targets at 5.5550 & 5.4940 in extension.

Alternative scenario Above 5.6340 look for further upside with 5.7050 & 5.7700 as targets.

Comment A break below 5.5550 would trigger a drop towards 5.4940.

AUD/USD Rebound

Pivot (invalidation): 0.7115

Our preference Long positions above 0.7115 with targets at 0.7145 & 0.7160 in extension.

Alternative scenario Below 0.7115 look for further downside with 0.7100 & 0.7085 as targets.

Comment The RSI calls for a bounce.

USD/CAD The Upside Prevails

Pivot (invalidation): 1.3015

Our preference Long positions above 1.3015 with targets at 1.3055 & 1.3070 in extension.

Alternative scenario Below 1.3015 look for further downside with 1.3000 & 1.2975 as targets.

Comment The RSI advocates for further advance.

USD/CHF The Bias Remains Bullish

Pivot (invalidation): 0.9925

Our preference Long positions above 0.9925 with targets at 0.9960 & 0.9975 in extension.

Alternative scenario Below 0.9925 look for further downside with 0.9900 & 0.9880 as targets.

Comment The break above 0.9925 is a positive signal that has opened a path to 0.9960.

S&P 500 Key Resistance At 2817.25

Pivot (invalidation): 2817.25

Our preference Short positions below 2817.25 with targets at 2777.00 & 2749.00 in extension.

Alternative scenario Above 2817.25 look for further upside with 2831.25 & 2863.00 as targets.

Comment The RSI calls for a new downleg.

DAX Turning Down

Pivot (invalidation): 11780.00

Our preference Short positions below 11780.00 with targets at 11655.00 & 11610.00 in extension.

Alternative scenario Above 11780.00 look for further upside with 11850.00 & 11880.00 as targets.

Comment The break below 11780.00 is a negative signal that has opened a path to 11655.00.

Crude Oil Key Resistance At 70.35

Pivot (invalidation): 70.35

Our preference Short positions below 70.35 with targets at 69.40 & 68.75 in extension.

Alternative scenario Above 70.35 look for further upside with 70.65 & 71.05 as targets.

Comment The RSI is mixed to bearish.

Silver Spot Consolidation In Place

Pivot (invalidation): 14.6600

Our preference Short positions below 14.6600 with targets at 14.5500 & 14.4900 in extension.

Alternative scenario Above 14.6600 look for further upside with 14.7300 & 14.7700 as targets.

Comment The RSI is capped by a bearish trend line.