EUR/USD Intraday: under pressure. |
| Pivot: 1.3545 Our preference: Short positions below 1.3545 with targets @ 1.349 & 1.3465 in extension. Alternative scenario: Above 1.3545 look for further upside with 1.3575 & 1.359 as targets. Comment: As long as 1.3545 is resistance, likely decline to 1.349. A false upward breakout is identified, this is a bearish signal. |
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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: 101.25 Our preference: Long positions above 101.25 with targets @ 101.6 & 101.8 in extension. Alternative scenario: Below 101.25 look for further downside with 101.05 & 100.85 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. |
| GBP/USD Intraday: consolidation in place. |
| Pivot: 1.71 Our preference: Short positions below 1.71 with targets @ 1.7035 & 1.6995 in extension. Alternative scenario: Above 1.71 look for further upside with 1.7115 & 1.714 as targets. Comment: As long as the resistance at 1.71 is not surpassed, the risk of the break below 1.7035 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 @ 1.0795 & 1.0825 in extension. Alternative scenario: Below 1.0695 look for further downside with 1.0655 & 1.0625 as targets. Comment: The RSI lacks downward momentum. |
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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: intraday support around 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: Intraday technical indicators lack momentum. |
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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 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: 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. |
| 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 103.5. |
| Pivot: 103.5 Our preference: Long positions above 103.5 with targets @ 105.2 & 105.55 in extension. Alternative scenario: Below 103.5 look for further downside with 102.55 & 101.9 as targets. Comment: The RSI broke above a declining trend line. |
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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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