 EUR/USD Intraday: under pressure. |
| Pivot: 1.3575 Our preference: Short positions below 1.3575 with targets @ 1.351 & 1.3475 in extension. Alternative scenario: Above 1.3575 look for further upside with 1.362 & 1.365 as targets. Comment: The immediate trend remains down and the momentum is strong. |
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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/JPY Intraday: intraday support around 101.45. |
| Pivot: 101.45 Our preference: Long positions above 101.45 with targets @ 101.8 & 102.05 in extension. Alternative scenario: Below 101.45 look for further downside with 101.2 & 101.05 as targets. Comment: Intraday technical indicators are mixed and call for caution. The RSI is oversold but do not post any reversal sign. The 101.45 congestion area is expected to limit the downside potential. |
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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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| GBP/USD Intraday: key resistance at 1.715. |
| Pivot: 1.715 Our preference: Short positions below 1.715 with targets @ 1.709 & 1.7055 in extension. Alternative scenario: Above 1.715 look for further upside with 1.718 & 1.722 as targets. Comment: As long as the resistance at 1.715 is not surpassed, the risk of the break below 1.709 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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| USD/CAD Intraday: the bias remains bullish. |
| Pivot: 1.0695 Our preference: Long positions above 1.0695 with targets @ 1.0825 & 1.0855 in extension. Alternative scenario: Below 1.0695 look for further downside with 1.0655 & 1.0625 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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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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| EUR/GBP Intraday: the downside prevails. |
| Pivot: 0.792 Our preference: Short positions below 0.792 with targets @ 0.788 & 0.7855 in extension. Alternative scenario: Above 0.792 look for further upside with 0.794 & 0.7965 as targets. Comment: A break below 0.788 would trigger a drop towards 0.7855. |
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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: under pressure. |
| Pivot: 1314 Our preference: Short positions below 1314 with targets @ 1291 & 1285 in extension. Alternative scenario: Above 1314 look for further upside with 1324 & 1333 as targets. Comment: As long as 1314 is resistance, likely decline to 1291. |
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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. |
| Silver spot Intraday: under pressure. |
| Pivot: 21.07 Our preference: Short positions below 21.07 with targets @ 20.55 & 20.4 in extension. Alternative scenario: Above 21.07 look for further upside with 21.32 & 21.57 as targets. Comment: As long as the resistance at 21.07 is not surpassed, the risk of the break below 20.55 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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| Crude Oil (NYMEX) (Q4) Intraday: further upside. |
| Pivot: 100.4 Our preference: Long positions above 100.4 with targets @ 101.6 & 102.35 in extension. Alternative scenario: Below 100.4 look for further downside with 99 & 98.2 as targets. Comment: The RSI is mixed to bullish. |
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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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