 EUR/USD Intraday: turning up. |
| Pivot: 1.352 Our preference: Long positions above 1.352 with targets @ 1.3575 & 1.362 in extension. Alternative scenario: Below 1.352 look for further downside with 1.349 & 1.3475 as targets. Comment: The RSI is bullish and calls for further upside. The 20 and 50-period moving averages crossed upward. |
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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 downside prevails. |
| Pivot: 101.45 Our preference: Short positions below 101.45 with targets @ 101.05 & 100.85 in extension. Alternative scenario: Above 101.45 look for further upside with 101.6 & 101.8 as targets. Comment: The RSI is bearish and calls for further downside. |
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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: continuation of the rebound. |
| Pivot: 1.7075 Our preference: Long positions above 1.7075 with targets @ 1.7115 & 1.715 in extension. Alternative scenario: Below 1.7075 look for further downside with 1.7035 & 1.7 as targets. Comment: The RSI is bullish and calls for further upside. |
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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/CAD Intraday: the bias remains bullish. |
| Pivot: 1.0695 Our preference: Long positions above 1.0695 with targets @ 1.0795 & 1.0825 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: bullish bias above 0.79. |
| Pivot: 0.79 Our preference: Long positions above 0.79 with targets @ 0.794 & 0.7965 in extension. Alternative scenario: Below 0.79 look for further downside with 0.788 & 0.7855 as targets. Comment: A support base at 0.79 has formed and has allowed for a temporary stabilisation. |
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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. |
| Gold spot Intraday: the bias remains bullish. |
| 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: 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. |
| Silver spot Intraday: bullish bias above 20.55. |
| 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: A support base at 20.55 has formed and has allowed for a temporary stabilisation. |
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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 & 105.1 in extension. Alternative scenario: Below 101.85 look for further downside with 101.15 & 100.4 as targets. Comment: The RSI is mixed. |
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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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