Sample Category Title
Silver Spot Key Resistance At 14.1900
Pivot (invalidation): 14.1900
Our preference Short positions below 14.1900 with targets at 14.0000 & 13.9600 in extension.
Alternative scenario Above 14.1900 look for further upside with 14.2500 & 14.3500 as targets.
Comment As Long as 14.1900 is resistance, expect a return to 14.0000.
Gold Spot Break Of A ST Rising Trendline Support
Pivot (invalidation): 1202.00
Our preference Short positions below 1202.00 with targets at 1192.50 & 1190.00 in extension.
Alternative scenario Above 1202.00 look for further upside with 1205.00 & 1208.50 as targets.
Comment The RSI is bearish and calls for further decline.
S&P 500 Under Pressure
Pivot (invalidation): 2900.00
Our preference Short positions below 2900.00 with targets at 2882.00 & 2875.00 in extension.
Alternative scenario Above 2900.00 look for further upside with 2908.00 & 2916.75 as targets.
Comment The RSI shows downside momentum.
DAX Consolidation In Place
Pivot (invalidation): 12135.00
Our preference Short positions below 12135.00 with targets at 12030.00 & 11955.00 in extension.
Alternative scenario Above 12135.00 look for further upside with 12190.00 & 12235.00 as targets.
Comment As Long as the resistance at 12135.00 is not surpassed, the risk of the break below 12030.00 remains high.
USD/TRY Further Advance
Pivot (invalidation): 6.2760
Our preference Long positions above 6.2760 with targets at 6.3580 & 6.4160 in extension.
Alternative scenario Below 6.2760 look for further downside with 6.2265 & 6.1470 as targets.
Comment The RSI advocates for further advance.
AUD/USD Further Advance
Pivot (invalidation): 0.7165
Our preference Long positions above 0.7165 with targets at 0.7215 & 0.7230 in extension.
Alternative scenario Below 0.7165 look for further downside with 0.7140 & 0.7125 as targets.
Comment The RSI is bullish and calls for further upside.
USD/CAD Bullish Bias Above 1.3025
Pivot (invalidation): 1.3025
Our preference Long positions above 1.3025 with targets at 1.3080 & 1.3100 in extension.
Alternative scenario Below 1.3025 look for further downside with 1.3000 & 1.2980 as targets.
Comment The RSI is mixed to bullish.
USD/CHF The Downside Prevails
Pivot (invalidation): 0.9635
Our preference Short positions below 0.9635 with targets at 0.9610 & 0.9590 in extension.
Alternative scenario Above 0.9635 look for further upside with 0.9655 & 0.9675 as targets.
Comment The RSI calls for a new downleg.
USD/JPY Turning Up
Pivot (invalidation): 111.80
Our preference Long positions above 111.80 with targets at 112.10 & 112.30 in extension.
Alternative scenario Below 111.80 look for further downside with 111.65 & 111.50 as targets.
Comment The RSI calls for a new upleg.
GBP/USD Rebound Expected
Pivot (invalidation): 1.3135
Our preference Long positions above 1.3135 with targets at 1.3165 & 1.3185 in extension.
Alternative scenario Below 1.3135 look for further downside with 1.3110 & 1.3080 as targets.
Comment The RSI calls for a rebound.
