| USD/JPY Intraday: continuation of the rebound. |
| Pivot: 101.35 Our preference: Long positions above 101.35 with targets @ 101.85 & 102.05 in extension. Alternative scenario: Below 101.35 look for further downside with 101.2 & 101.05 as targets. Comment: The break above 101.35 is a positive signal that has opened a path to 101.85. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
| GBP/USD Intraday: under pressure. |
| Pivot: 1.7105 Our preference: Short positions below 1.7105 with targets @ 1.7055 & 1.7005 in extension. Alternative scenario: Above 1.7105 look for further upside with 1.715 & 1.717 as targets. Comment: The break below 1.7105 is a negative signal that has opened a path to 1.7055. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
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| USD/CAD Intraday: bullish bias above 1.0695. |
| Pivot: 1.0695 Our preference: Long positions above 1.0695 with targets @ 1.075 & 1.0775 in extension. Alternative scenario: Below 1.0695 look for further downside with 1.0655 & 1.0625 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
| EUR/GBP Intraday: further advance. |
| Pivot: 0.794 Our preference: Long positions above 0.794 with targets @ 0.798 & 0.7995 in extension. Alternative scenario: Below 0.794 look for further downside with 0.7925 & 0.791 as targets. Comment: Technically the RSI is above its neutrality area at 50. The pair is trading in a bullish channel. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
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| Gold spot Intraday: the downside prevails. |
| Pivot: 1324 Our preference: Short positions below 1324 with targets @ 1302 & 1294 in extension. Alternative scenario: Above 1324 look for further upside with 1333 & 1345 as targets. Comment: As long as 1324 is resistance, likely decline to 1302. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
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| Silver spot Intraday: the downside prevails. |
| Pivot: 21.2 Our preference: Short positions below 21.2 with targets @ 20.65 & 20.55 in extension. Alternative scenario: Above 21.2 look for further upside with 21.32 & 21.57 as targets. Comment: As long as 21.2 is resistance, likely decline to 20.65. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
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| Crude Oil (NYMEX) (Q4) Intraday: under pressure. |
| Pivot: 101.6 Our preference: Short positions below 101.6 with targets @ 99.4 & 98.8 in extension. Alternative scenario: Above 101.6 look for further upside with 103 & 103.6 as targets. Comment: As long as the resistance at 101.6 is not surpassed, the risk of the break below 99.4 remains high. |
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| The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. |
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