Sample Category Title

Crude Oil Further Advance

Pivot (invalidation): 64.40

Our preference Long positions above 64.40 with targets at 65.80 & 66.20 in extension.

Alternative scenario Below 64.40 look for further downside with 64.00 & 63.40 as targets.

Comment The RSI is supported by a rising trend line.

Silver Spot Under Pressure

Pivot (invalidation): 16.5500

Our preference Short positions below 16.5500 with targets at 16.1600 & 16.0200 in extension.

Alternative scenario Above 16.5500 look for further upside with 16.6300 & 16.7300 as targets.

Comment Technically the RSI is below its neutrality area at 50.

Gold Spot Key Resistance At 1279.00

Pivot (invalidation): 1279.00

Our preference Short positions below 1279.00 with targets at 1270.00 & 1267.00 in extension.

Alternative scenario Above 1279.00 look for further upside with 1284.00 & 1287.00 as targets.

Comment The RSI is mixed to bearish.

EUR/GBP 0.8800 Expected

Pivot (invalidation): 0.8775

Our preference Long positions above 0.8775 with targets at 0.8800 & 0.8820 in extension.

Alternative scenario Below 0.8775 look for further downside with 0.8755 & 0.8740 as targets.

Comment The RSI advocates for further upside.

AUD/USD Further Advance

Pivot (invalidation): 0.7370

Our preference Long positions above 0.7370 with targets at 0.7425 & 0.7455 in extension.

Alternative scenario Below 0.7370 look for further downside with 0.7345 & 0.7300 as targets.

Comment The RSI is bullish and calls for further upside.

USD/CAD The Bias Remains Bullish

Pivot (invalidation): 1.3245

Our preference Long positions above 1.3245 with targets at 1.3300 & 1.3340 in extension.

Alternative scenario Below 1.3245 look for further downside with 1.3190 & 1.3155 as targets.

Comment The break above 1.3245 is a positive signal that has opened a path to 1.3300.

USD/CHF The Upside Prevails

Pivot (invalidation): 0.9930

Our preference Long positions above 0.9930 with targets at 0.9970 & 0.9985 in extension.

Alternative scenario Below 0.9930 look for further downside with 0.9910 & 0.9885 as targets.

Comment A support base at 0.9930 has formed and has allowed for a temporary stabilisation.

USD/JPY Towards 110.25

Pivot (invalidation): 109.85

Our preference Long positions above 109.85 with targets at 110.25 & 110.40 in extension.

Alternative scenario Below 109.85 look for further downside with 109.55 & 109.30 as targets.

Comment The RSI is bullish and calls for further upside.

GBP/USD The Downside Prevails

Pivot (invalidation): 1.3190

Our preference Short positions below 1.3190 with targets at 1.3150 & 1.3105 in extension.

Alternative scenario Above 1.3190 look for further upside with 1.3220 & 1.3270 as targets.

Comment A break below 1.3150 would trigger a drop towards 1.3105.

EUR/USD The Bias Remains Bullish

Pivot (invalidation): 1.1560

Our preference Long positions above 1.1560 with targets at 1.1620 & 1.1645 in extension.

Alternative scenario Below 1.1560 look for further downside with 1.1530 & 1.1500 as targets.

Comment The RSI lacks downward momentum.