Sample Category Title

DAX The Upside Prevails

Pivot (invalidation): 12375.00

Our preference Long positions above 12375.00 with targets at 12460.00 & 12530.00 in extension.

Alternative scenario Below 12375.00 look for further downside with 12325.00 & 12260.00 as targets.

Comment A support base at 12375.00 has formed and has allowed for a temporary stabilisation.

USD/TRY Turning Up

Pivot (invalidation): 6.2590

Our preference Long positions above 6.2590 with targets at 6.3290 & 6.3780 in extension.

Alternative scenario Below 6.2590 look for further downside with 6.2070 & 6.1780 as targets.

Comment The break above 6.2590 is a positive signal that has opened a path to 6.3290.

AUD/USD Under Pressure

Pivot (invalidation): 0.7290

Our preference Short positions below 0.7290 with targets at 0.7250 & 0.7235 in extension.

Alternative scenario Above 0.7290 look for further upside with 0.7305 & 0.7325 as targets.

Comment The RSI lacks upward momentum.

USD/CAD Further Upside

Pivot (invalidation): 1.2905

Our preference Long positions above 1.2905 with targets at 1.2955 & 1.2980 in extension.

Alternative scenario Below 1.2905 look for further downside with 1.2880 & 1.2860 as targets.

Comment The RSI is supported by a rising trend line.

USD/CHF Aim @ 0.9625

Pivot (invalidation): 0.9575

Our preference Long positions above 0.9575 with targets at 0.9600 & 0.9625 in extension.

Alternative scenario Below 0.9575 look for further downside with 0.9555 & 0.9540 as targets.

Comment The RSI is bullish and calls for further upside.

USD/JPY Caution

Pivot (invalidation): 112.65

Our preference Short positions below 112.65 with targets at 112.45 & 112.35 in extension.

Alternative scenario Above 112.65 look for further upside with 112.85 & 113.00 as targets.

Comment Intraday technical indicators are mixed and call for caution.

GBP/USD Under Pressure

Pivot (invalidation): 1.3105

Our preference Short positions below 1.3105 with targets at 1.3055 & 1.3025 in extension.

Alternative scenario Above 1.3105 look for further upside with 1.3140 & 1.3170 as targets.

Comment As Long as the resistance at 1.3105 is not surpassed, the risk of the break below 1.3055 remains high.

EUR/USD Target 1.1710

Pivot (invalidation): 1.1760

Our preference Short positions below 1.1760 with targets at 1.1730 & 1.1710 in extension.

Alternative scenario Above 1.1760 look for further upside with 1.1775 & 1.1800 as targets.

Comment The RSI lacks upward momentum.

Crude Oil Further Advance

Pivot (invalidation): 70.70

Our preference Long positions above 70.70 with targets at 72.25 & 72.80 in extension.

Alternative scenario Below 70.70 look for further downside with 70.00 & 69.20 as targets.

Comment The RSI is mixed to bullish.

Silver Spot The Downside Prevails

Pivot (invalidation): 14.2500

Our preference Short positions below 14.2500 with targets at 14.1300 & 14.0700 in extension.

Alternative scenario Above 14.2500 look for further upside with 14.3500 & 14.4300 as targets.

Comment The RSI is capped by a declining trend line.