Sample Category Title
USD/CAD Further Advance
Pivot (invalidation): 1.2840
Our preference Long positions above 1.2840 with targets at 1.2900 & 1.2940 in extension.
Alternative scenario Below 1.2840 look for further downside with 1.2810 & 1.2775 as targets.
Comment The RSI is bullish and calls for further advance.
USD/CHF Watch 0.9970
Pivot (invalidation): 0.9885
Our preference Long positions above 0.9885 with targets at 0.9945 & 0.9970 in extension.
Alternative scenario Below 0.9885 look for further downside with 0.9860 & 0.9830 as targets.
Comment The RSI lacks downward momentum.
USD/JPY The Upside Prevails
Pivot (invalidation): 114.00
Our preference Long positions above 114.00 with targets at 114.55 & 114.85 in extension.
Alternative scenario Below 114.00 look for further downside with 113.70 & 113.50 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Under Pressure
Pivot (invalidation): 1.2970
Our preference Short positions below 1.2970 with targets at 1.2890 & 1.2860 in extension.
Alternative scenario Above 1.2970 look for further upside with 1.2995 & 1.3020 as targets.
Comment The break below 1.2970 is a negative signal that has opened a path to 1.2890.
EUR/USD Look For 1.1410
Pivot (invalidation): 1.1515
Our preference Short positions below 1.1515 with targets at 1.1460 & 1.1410 in extension.
Alternative scenario Above 1.1515 look for further upside with 1.1565 & 1.1595 as targets.
Comment A break below 1.1460 would trigger a drop towards 1.1410.
S&P 500 Consolidation
Pivot (invalidation): 2931.00
Our preference short positions below 2931.00 with targets at 2917.75 & 2914.00 in extension.
Alternative scenario Above 2931.00 look for further upside with 2937.50 & 2941.00 as targets.
Comment The RSI is mixed to bearish.
DAX Key Resistance At 12337.00
Pivot (invalidation): 12337.00
Our preference Short positions below 12337.00 with targets at 12240.00 & 12190.00 in extension.
Alternative scenario Above 12337.00 look for further upside with 12374.00 & 12420.00 as targets.
Comment The upward potential is likely to be limited by the resistance at 12337.00.
Crude Oil Further Advance
Pivot (invalidation): 75.60
Our preference Long positions above 75.60 with targets at 76.90 & 77.30 in extension.
Alternative scenario Below 75.60 look for further downside with 74.90 & 74.25 as targets.
Comment The RSI calls for a new upleg.
Silver Spot Capped By A Negative Trend Line
Pivot (invalidation): 14.7100
Our preference Short positions below 14.7100 with targets at 14.4200 & 14.3400 in extension.
Alternative scenario Above 14.7100 look for further upside with 14.8200 & 14.9100 as targets.
Comment The RSI advocates for further decline
Gold Spot The Downside Prevails
Pivot (invalidation): 1202.00
Our preference Short positions below 1202.00 with targets at 1194.00 & 1189.00 in extension.
Alternative scenario Above 1202.00 look for further upside with 1205.00 & 1208.00 as targets.
Comment The RSI shows downside momentum.
