EUR/USD Intraday: consolidation in place. |
| Pivot: 1.354 Our preference: Short positions below 1.354 with targets @ 1.351 & 1.3475 in extension. Alternative scenario: Above 1.354 look for further upside with 1.3575 & 1.362 as targets. Comment: As long as 1.354 is resistance, look for choppy price action with a bearish bias. The RSI is pressured by a strong resistance area. |
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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: key resistance at 101.6. |
| Pivot: 101.6 Our preference: Short positions below 101.6 with targets @ 101.05 & 100.85 in extension. Alternative scenario: Above 101.6 look for further upside with 101.8 & 102.05 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. The 101.6 former support is now acting as a resistance (polarity principle) and maintains a bearish bias. |
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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: the downside prevails. |
| Pivot: 1.715 Our preference: Short positions below 1.715 with targets @ 1.708 & 1.7055 in extension. Alternative scenario: Above 1.715 look for further upside with 1.718 & 1.722 as targets. Comment: As long as 1.715 is resistance, look for choppy price action with a bearish bias. |
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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. |
| EUR/GBP Intraday: key resistance at 0.792. |
| 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: As long as the resistance at 0.792 is not surpassed, the risk of the break below 0.788 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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| Gold spot Intraday: further advance. |
| Pivot: 1291 Our preference: Long positions above 1291 with targets @ 1324 & 1333 in extension. Alternative scenario: Below 1291 look for further downside with 1285 & 1265 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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| Silver spot Intraday: further upside. |
| Pivot: 20.55 Our preference: Long positions above 20.55 with targets @ 21.32 & 21.57 in extension. Alternative scenario: Below 20.55 look for further downside with 20.4 & 20.1 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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| Crude Oil (NYMEX) (Q4) Intraday: bullish bias above 101.85. |
| Pivot: 101.85 Our preference: Long positions above 101.85 with targets @ 104.15 & 104.55 in extension. Alternative scenario: Below 101.85 look for further downside with 101.15 & 100.25 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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