EUR/USD Intraday: the downside prevails. |
| Pivot: 1.359 Our preference: Short positions below 1.359 with targets @ 1.3535 & 1.351 in extension. Alternative scenario: Above 1.359 look for further upside with 1.362 & 1.365 as targets. Comment: The break below 1.359 is a negative signal that has opened a path to 1.3535. |
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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. |
| USD/JPY Intraday: the upside prevails. |
| Pivot: 101.4 Our preference: Long positions above 101.4 with targets @ 101.85 & 102.05 in extension. Alternative scenario: Below 101.4 look for further downside with 101.2 & 101.05 as targets. Comment: The RSI is bullish and calls for further upside. 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. |
| GBP/USD Intraday: bullish bias above 1.7125. |
| Pivot: 1.7125 Our preference: Long positions above 1.7125 with targets @ 1.717 & 1.722 in extension. Alternative scenario: Below 1.7125 look for further downside with 1.709 & 1.7055 as targets. Comment: Intraday technical indicators are mixed and call for caution. |
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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 upside prevails. |
| Pivot: 1.0695 Our preference: Long positions above 1.0695 with targets @ 1.078 & 1.0825 in extension. Alternative scenario: Below 1.0695 look for further downside with 1.0655 & 1.0625 as targets. Comment: Technically the RSI is above its neutrality area at 50. |
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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: under pressure. |
| Pivot: 0.794 Our preference: Short positions below 0.794 with targets @ 0.7905 & 0.788 in extension. Alternative scenario: Above 0.794 look for further upside with 0.7965 & 0.798 as targets. Comment: A break below 0.7905 would trigger a drop towards 0.788. The pair has broken below a bullish channel support. |
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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 @ 1285 & 1280 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 1285. |
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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: under pressure. |
| Pivot: 21.07 Our preference: Short positions below 21.07 with targets @ 20.62 & 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 20.62 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: the downside prevails. |
| Pivot: 101.25 Our preference: Short positions below 101.25 with targets @ 98.8 & 98.2 in extension. Alternative scenario: Above 101.25 look for further upside with 102.35 & 103 as targets. Comment: As long as 101.25 is resistance, likely decline to 98.8. |
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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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