Sample Category Title
USD/CAD Limited Upside
Pivot (invalidation): 1.3135
Our preference Long positions above 1.3135 with targets at 1.3175 & 1.3200 in extension.
Alternative scenario Below 1.3135 look for further downside with 1.3110 & 1.3090 as targets.
Comment A support base at 1.3135 has formed and has allowed for a temporary stabilisation.
USD/CHF Bullish Bias Above 0.9945
Pivot (invalidation): 0.9945
Our preference Long positions above 0.9945 with targets at 0.9985 & 1.0010 in extension.
Alternative scenario Below 0.9945 look for further downside with 0.9915 & 0.9895 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Bullish Bias Above 110.70
Pivot (invalidation): 110.70
Our preference Long positions above 110.70 with targets at 111.15 & 111.45 in extension.
Alternative scenario Below 110.70 look for further downside with 110.40 & 110.15 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD The Upside Prevails
Pivot (invalidation): 1.2685
Our preference Long positions above 1.2685 with targets at 1.2735 & 1.2765 in extension.
Alternative scenario Below 1.2685 look for further downside with 1.2665 & 1.2640 as targets.
Comment The RSI is supported by a rising trend line.
EUR/USD Target 1.1400
Pivot (invalidation): 1.1350
Our preference Long positions above 1.1350 with targets at 1.1400 & 1.1430 in extension.
Alternative scenario Below 1.1350 look for further downside with 1.1330 & 1.1300 as targets.
Comment The RSI lacks downward momentum.
Crude Oil Bullish Bias Above 64.80
Pivot (invalidation): 64.80
Our preference Long positions above 64.80 with targets at 65.70 & 66.00 in extension.
Alternative scenario Below 64.80 look for further downside with 64.45 & 64.00 as targets.
Comment The RSI is mixed to bullish.
Silver Spot Under Pressure
Pivot (invalidation): 14.8300
Our preference Short positions below 14.8300 with targets at 14.5200 & 14.3100 in extension.
Alternative scenario Above 14.8300 look for further upside with 14.9600 & 15.1000 as targets.
Comment The RSI is mixed with a bearish bias.
Gold Spot The Downside Prevails
Pivot (invalidation): 1182.00
Our preference Short positions below 1182.00 with targets at 1168.00 & 1160.00 in extension.
Alternative scenario Above 1182.00 look for further upside with 1189.00 & 1195.00 as targets.
Comment The RSI is mixed with a bearish bias.
EUR/CHF Further Advance
Pivot (invalidation): 1.1315
Our preference Long positions above 1.1315 with targets at 1.1360 & 1.1385 in extension.
Alternative scenario Below 1.1315 look for further downside with 1.1280 & 1.1260 as targets.
Comment The RSI advocates for further advance.
EUR/GBP The Bias Remains Bullish
Pivot (invalidation): 0.8935
Our preference Long positions above 0.8935 with targets at 0.8960 & 0.8980 in extension.
Alternative scenario Below 0.8935 look for further downside with 0.8915 & 0.8900 as targets.
Comment The RSI shows upside momentum.
