fx analysis #

EUR/USD Intraday: the downside prevails. Next

Pivot: 1.114 Our preference: Short positions below 1.114 with targets @ 1.103 & 1.098 in extension. Alternative scenario: Above 1.114 look for further upside with 1.119 & 1.1215 as targets.Comment: The RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: key resistance at 124.6. Previous  | Next

Pivot: 124.6 Our preference: Short positions below 124.6 with targets @ 124 & 123.75 in extension. Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets. Comment: As long as the resistance at 124.6 is not surpassed, the risk of the break below 124 remains high.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: the upside prevails. Previous  | Next

Pivot: 1.5595 Our preference: Long positions above 1.5595 with targets @ 1.569 & 1.5735 in extension. Alternative scenario: Below 1.5595 look for further downside with 1.557 & 1.554 as targets.Comment: The RSI lacks downward momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Gold spot Intraday: bullish bias above 1112. Previous  | Next

Pivot: 1112 Our preference: Long positions above 1112 with targets @ 1121 & 1127 in extension. Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets. Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Silver spot Intraday: range. Previous  | Next

Pivot: 15.32 Our preference: Short positions below 15.32 with targets @ 15.15 & 15 in extension. Alternative scenario: Above 15.32 look for further upside with 15.5 & 15.62 as targets. Comment: The RSI is mixed.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Crude Oil (WTI) (U5) Intraday: capped by a negative trend line. Previous

Pivot: 43 Our preference: Short positions below 43 with targets @ 41.33 & 40.9 in extension. Alternative scenario: Above 43 look for further upside with 43.85 & 44.4 as targets. Comment: As long as 43 is resistance, likely decline to 41.33.