Sample Category Title
DAX Bullish Bias Above 12275.00
Pivot (invalidation): 12275.00
Our preference Long positions above 12275.00 with targets at 12360.00 & 12390.00 in extension.
Alternative scenario Below 12275.00 look for further downside with 12230.00 & 12190.00 as targets.
Comment Investors have to remain cautious since these levels may trigger profit taking.
USD/TRY Key Resistance At 6.2590
Pivot (invalidation): 6.2590
Our preference Short positions below 6.2590 with targets at 6.1755 & 6.1245 in extension.
Alternative scenario Above 6.2590 look for further upside with 6.3290 & 6.3780 as targets.
Comment The upward potential is likely to be limited by the resistance at 6.2590.
AUD/USD The Upside Prevails
Pivot (invalidation): 0.7270
Our preference Long positions above 0.7270 with targets at 0.7300 & 0.7325 in extension.
Alternative scenario Below 0.7270 look for further downside with 0.7250 & 0.7235 as targets.
Comment The RSI advocates for further upside.
USD/CAD Key Resistance At 1.2925
Pivot (invalidation): 1.2925
Our preference Short positions below 1.2925 with targets at 1.2895 & 1.2880 in extension.
Alternative scenario Above 1.2925 look for further upside with 1.2945 & 1.2965 as targets.
Comment A break below 1.2895 would trigger a drop towards 1.2880.
USD/CHF Look For 0.9550
Pivot (invalidation): 0.9605
Our preference Short positions below 0.9605 with targets at 0.9575 & 0.9550 in extension.
Alternative scenario Above 0.9605 look for further upside with 0.9625 & 0.9650 as targets.
Comment The RSI has broken down its 30 level.
USD/JPY 113.00 Expected
Pivot (invalidation): 112.45
Our preference Long positions above 112.45 with targets at 112.80 & 113.00 in extension.
Alternative scenario Below 112.45 look for further downside with 112.30 & 112.05 as targets.
Comment The RSI calls for a new upleg.
GBP/USD Aim @ 1.3340
Pivot (invalidation): 1.3225
Our preference Long positions above 1.3225 with targets at 1.3300 & 1.3340 in extension.
Alternative scenario Below 1.3225 look for further downside with 1.3195 & 1.3155 as targets.
Comment The RSI lacks downward momentum.
EUR/USD Watch 1.1830
Pivot (invalidation): 1.1755
Our preference Long positions above 1.1755 with targets at 1.1800 & 1.1830 in extension.
Alternative scenario Below 1.1755 look for further downside with 1.1735 & 1.1710 as targets.
Comment The RSI lacks downward momentum.
Crude Oil Under Pressure
Pivot (invalidation): 70.85
Our preference Short positions below 70.85 with targets at 69.95 & 69.35 in extension.
Alternative scenario Above 70.85 look for further upside with 71.35 & 71.75 as targets.
Comment The RSI advocates for further decline. The prices broke below a bullish channel.
Silver Spot Further Advance
Pivot (invalidation): 14.2500
Our preference Long positions above 14.2500 with targets at 14.4400 & 14.5300 in extension.
Alternative scenario Below 14.2500 look for further downside with 14.1900 & 14.1300 as targets.
Comment The RSI is bullish and calls for further upside.
