EUR/USD Intraday: under pressure.

 
 Pivot: 1.1790
 
Our preference: short positions below 1.1790 with targets at 1.1720 & 1.1700 in extension.
 
Alternative scenario: above 1.1790 look for further upside with 1.1820 & 1.1855 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1.1855 1.1820 1.1790
 
1.1755 Last seen
 
1.1720 1.1700 1.1660
 
GBP/USD Intraday: the downside prevails.

 
 Pivot: 1.3485
 
Our preference: short positions below 1.3485 with targets at 1.3390 & 1.3350 in extension.
 
Alternative scenario: above 1.3485 look for further upside with 1.3530 & 1.3570 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
 
1.3570 1.3530 1.3485
 
1.3435 Last seen
 
1.3390 1.3350 1.3300
 
USD/JPY Intraday: further advance.

 
 Pivot: 110.60
 
Our preference: long positions above 110.60 with targets at 111.60 & 112.00 in extension.
 
Alternative scenario: below 110.60 look for further downside with 110.40 & 110.05 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
112.40 112.00 111.60
 
111.15 Last seen
 
110.60 110.40 110.05
 
USD/CAD Intraday: intraday support around 1.2850.
 

 Pivot: 1.2850
 
Our preference: long positions above 1.2850 with targets at 1.2910 & 1.2940 in extension.
 
Alternative scenario: below 1.2850 look for further downside with 1.2790 & 1.2750 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:

1.2990 1.2940 1.2910
 
1.2880 Last seen
 
1.2850 1.2790 1.2750
 
NZD/USD Intraday: caution.
 

 Pivot: 0.6890
 
Our preference: long positions above 0.6890 with targets at 0.6930 & 0.6950 in extension.
 
Alternative scenario: below 0.6890 look for further downside with 0.6870 & 0.6850 as targets.
 
Comment: intraday technical indicators are mixed and call for caution.
 
Supports and resistances:
 
0.6975 0.6950 0.6930
 
0.6910 Last
 
0.6890 0.6870 0.6850
 
AUD/USD Intraday: the upside prevails.

 
 Pivot: 0.7500
 
Our preference: long positions above 0.7500 with targets at 0.7535 & 0.7550 in extension.
 
Alternative scenario: below 0.7500 look for further downside with 0.7485 & 0.7470 as targets.
 
Comment: the RSI lacks downward momentum.
 
Supports and resistances:
 
0.7565 0.7550 0.7535
 
0.7520 Last seen

0.7500 0.7485 0.7470
 
Gold spot Intraday: under pressure.

 
 Pivot: 1294.50
 
Our preference: short positions below 1294.50 with targets at 1279.00 & 1273.00 in extension.
 
Alternative scenario: above 1294.50 look for further upside with 1301.50 & 1309.00 as targets.
 
Comment: the RSI has broken down its 30 level.
 
Supports and resistances:
 
1309.00 1301.50 1294.50
 
1282.30 Last seen
 
1279.00 1273.00 1263.50
 
Crude Oil(WTI) (M18) Intraday: bullish bias above 71.00.

 
 Pivot: 71.00
 
Our preference: long positions above 71.00 with targets at 72.25 & 72.65 in extension.
 
Alternative scenario: below 71.00 look for further downside with 70.65 & 70.25 as targets.
 
Comment: the RSI is mixed with a bullish bias.
 
Supports and resistances:
 
73.10 72.65 72.25
 
71.67 Last seen
 
71.00 70.65 70.25 
EUR/USD Intraday: capped by a negative trend line.

 
 Pivot: 1.1835
 
Our preference: short positions below 1.1835 with targets at 1.1780 & 1.1760 in extension.
 
Alternative scenario: above 1.1835 look for further upside with 1.1855 & 1.1875 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
 
1.1875 1.1855 1.1835
 
1.1810 Last
 
1.1780 1.1760 1.1720
 
GBP/USD Intraday: under pressure.

 
 Pivot: 1.3540
 
Our preference: short positions below 1.3540 with targets at 1.3480 & 1.3450 in extension.
 
Alternative scenario: above 1.3540 look for further upside with 1.3570 & 1.3600 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1.3600 1.3570 1.3540
 
1.3510 Last seen
 
1.3480 1.3450 1.3420
 
USD/JPY Intraday: further upside.

 
 Pivot: 110.60
 
Our preference: long @ 110.92 with targets @ 111.25 & 111.60 in extension.
 
Alternative scenario: below 110.60 look for further downside with 110.40 & 110.05 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
111.90 111.60 111.25
 
110.93 Last seen
 
110.60 110.40 110.05
 
USD/CAD Intraday: the upside prevails.

 
 Pivot: 1.2785
 
Our preference: long positions above 1.2785 with targets at 1.2850 & 1.2870 in extension.
 
Alternative scenario: below 1.2785 look for further downside with 1.2750 & 1.2725 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
1.2895 1.2870 1.2850
 
1.2820 Last seen
 
1.2785 1.2750 1.2725
 
NZD/USD Intraday: under pressure.

 
 Pivot: 0.6900
 
Our preference: short positions below 0.6900 with targets at 0.6870 & 0.6850 in extension.
 
Alternative scenario: above 0.6900 look for further upside with 0.6920 & 0.6940 as targets.
 
Comment: as long as 0.6900 is resistance, expect a return to 0.6870.
 
Supports and resistances:
 
0.6940 0.6920 0.6900
 
0.6883 Last seen
 
0.6870 0.6850 0.6820
 
AUD/USD Intraday: under pressure.

 
 Pivot: 0.7525
 
Our preference: short positions below 0.7525 with targets at 0.7495 & 0.7475 in extension.
 
Alternative scenario: above 0.7525 look for further upside with 0.7545 & 0.7565 as targets.
 
Comment: a break below 0.7495 would trigger a drop towards 0.7475.
 
Supports and resistances:
 
0.7565 0.7545 0.7525
 
0.7510 Last
 
0.7495 0.7475 0.7460
 
Gold spot Intraday: key resistance at 1294.00.

 
 Pivot: 1294.00
 
Our preference: short positions below 1294.00 with targets at 1284.50 & 1279.00 in extension.
 
Alternative scenario: above 1294.00 look for further upside with 1297.00 & 1301.50 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1301.50 1297.00 1294.00
 
1288.50 Last seen
 
1284.50 1279.00 1273.00
 
Crude Oil(WTI) (M18) Intraday: towards 71.10.

 
 Pivot: 71.90
 
Our preference: short positions below 71.90 with targets at 71.10 & 70.85 in extension.
 
Alternative scenario: above 71.90 look for further upside with 72.25 & 72.55 as targets.
 
Comment: the RSI is mixed to bearish. The prices are trading around the 20-period moving average.
 
Supports and resistances:
 
72.55 72.25 71.90
 
71.58 Last seen
 
71.10 70.85 70.65

 



Closing price: 1290.63

Target price:  1281 - 83

Resistance: 1299, 1302-1303.60

Support: 1290-, 1276+/-

Trend: Down / daily

Trend reversal price:  1310.80

Comment The market is bearish, triggering a flagging downturn. Trade dropped to the primary target at 1290. The negative formation warns for additional selloffs to 128250. A close under 1274.00 alerts for a larger unfolding bear trend. A reluctance to extend under 1290.00- today cautions for a minor bounce. Corrections should find bear forces checking rallies just over 1300+. A close over 1310.80* is needed for a reversing turnaround.  

 

EUR/USD Intraday: under pressure.

 
 Pivot: 1.1855
 
Our preference: short positions below 1.1855 with targets at 1.1795 & 1.1760 in extension.
 
Alternative scenario: above 1.1855 look for further upside with 1.1890 & 1.1940 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
 
1.1940 1.1890 1.1855
 
1.1825 Last seen
 
1.1795 1.1760 1.1720
 
GBP/USD Intraday: the bias remains bullish.

 
 Pivot: 1.3505
 
Our preference: long positions above 1.3505 with targets at 1.3575 & 1.3600 in extension.
 
Alternative scenario: below 1.3505 look for further downside with 1.3480 & 1.3450 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
1.3630 1.3600 1.3575
 
1.3540 Last seen
 
1.3505 1.3480 1.3450
 
USD/JPY Intraday: continuation of the rebound.

 
 Pivot: 110.00
 
Our preference: long positions above 110.00 with targets at 110.70 & 111.00 in extension.
 
Alternative scenario: below 110.00 look for further downside with 109.80 & 109.60 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:

111.25 111.00 110.70
 
110.38 Last seen
 
110.00 109.80 109.60
 
USD/CAD Intraday: under pressure.

 
 Pivot: 1.2800
 
Our preference: short positions below 1.2800 with targets at 1.2725 & 1.2700 in extension.
 
Alternative scenario: above 1.2800 look for further upside with 1.2835 & 1.2870 as targets.
 
Comment: the RSI shows downside momentum.
 
Supports and resistances:
 
1.2870 1.2835 1.2800
 
1.2765 Last seen
 
1.2725 1.2700 1.2670
 
NZD/USD Intraday: the upside prevails.

 
 Pivot: 0.6890
 
Our preference: long positions above 0.6890 with targets at 0.6935 & 0.6950 in extension.
 
Alternative scenario: below 0.6890 look for further downside with 0.6870 & 0.6850 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
 
0.6975 0.6950 0.6935
 
0.6915 Last seen
 
0.6890 0.6870 0.6850
 
AUD/USD Intraday: further advance.

 
 Pivot: 0.7495
 
Our preference: long positions above 0.7495 with targets at 0.7565 & 0.7590 in extension.
 
Alternative scenario: below 0.7495 look for further downside with 0.7475 & 0.7445 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
0.7620 0.7590 0.7565
 
0.7530 Last seen
 
0.7495 0.7475 0.7445
 
Gold spot Intraday: under pressure.

 
 Pivot: 1297.00
 
Our preference: short positions below 1297.00 with targets at 1283.50 & 1279.00 in extension.
 
Alternative scenario: above 1297.00 look for further upside with 1301.50 & 1305.50 as targets.
 
Comment: as long as 1297.00 is resistance, likely decline to 1283.50.
 
Supports and resistances:
 
1305.50 1301.50 1297.00
 
1291.80 Last seen
 
1283.50 1279.00 1273.25
 
Crude Oil(WTI) (M18) Intraday: watch 71.90.

 
 Pivot: 71.10
 
Our preference: long positions above 71.10 with targets at 71.90 & 72.30 in extension.
 
Alternative scenario: below 71.10 look for further downside with 70.70 & 70.30 as targets.
 
Comment: the RSI is bullish and calls for further advance. The prices are trading above both 20-period and 50-period moving averages.
 
Supports and resistances:
 
72.55 72.30 71.90
 
71.72 Last seen
 
71.10 70.70 70.30

 
 


JUN CRUDE OIL


Closing price: (71.00) 

 
Target price:  72.65

Resistance: 71.35, 71.89+/-, 72.65-73.00

Support: 70.62-55, 69.55-26*

 
Trend: Up / daily 

Trend reverasl price: 69.26

 
Comment The market remains postured in a bull trend and suggests rallies to 7265+. Still be careful for a back off from the old 71.89 high. Any corrective dips should hold just under 70.00-, trying to stabilize over previous congestion highs and stay aligned for advances. A close under 69.26* alerts for back tracking to 68.00-67.00. A close over 71.89 will boost the extra rally to 72.65. 
EUR/USD Intraday: under pressure.
 

 Pivot: 1.1890
 
Our preference: short positions below 1.1890 with targets at 1.1800 & 1.1760 in extension.
 
Alternative scenario: above 1.1890 look for further upside with 1.1940 & 1.1995 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1.1995 1.1940 1.1890
 
1.1850 Last seen
 
1.1800 1.1760 1.1720
 
GBP/USD Intraday: under pressure.

 
 Pivot: 1.3525
 
Our preference: short positions below 1.3525 with targets at 1.3480 & 1.3450 in extension.
 
Alternative scenario: above 1.3525 look for further upside with 1.3555 & 1.3575 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
 
1.3575 1.3555 1.3525
 
1.3504 Last seen
 
1.3480 1.3450 1.3420
 
USD/JPY Intraday: the upside prevails.

 
 Pivot: 110.00
 
Our preference: long @ 110.25 with targets @ 110.45 & 110.70 in extension.
 
Alternative scenario: below 110.00 look for further downside with 109.80 & 109.60 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
 
111.00 110.70 110.45
 
110.25 Last seen
 
110.00 109.80 109.60
 
USD/CAD Intraday: the upside prevails.

 
 Pivot: 1.2840
 
Our preference: long positions above 1.2840 with targets at 1.2895 & 1.2925 in extension.
 
Alternative scenario: below 1.2840 look for further downside with 1.2785 & 1.2750 as targets.
 
Comment: a support base at 1.2840 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
 
1.2950 1.2925 1.2895
 
1.2870 Last seen
 
1.2840 1.2785 1.2750
 
NZD/USD Intraday: under pressure.

 
 Pivot: 0.6890
 
Our preference: short positions below 0.6890 with targets at 0.6850 & 0.6820 in extension.
 
Alternative scenario: above 0.6890 look for further upside with 0.6925 & 0.6955 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
 
0.6955 0.6925 0.6890
 
0.6870 Last seen
 
0.6850 0.6820 0.6800
 
AUD/USD Intraday: under pressure.

 
 Pivot: 0.7500
 
Our preference: short positions below 0.7500 with targets at 0.7445 & 0.7425 in extension.
 
Alternative scenario: above 0.7500 look for further upside with 0.7520 & 0.7540 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
0.7540 0.7520 0.7500
 
0.7473 Last
 
0.7445 0.7425 0.7410
 
Gold spot Intraday: key resistance at 1301.50.

 
 Pivot: 1301.50
 
Our preference: short positions below 1301.50 with targets at 1288.00 & 1283.50 in extension.
 
Alternative scenario: above 1301.50 look for further upside with 1305.50 & 1311.00 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1311.00 1305.50 1301.50
 
1293.32 Last seen
 
1288.00 1283.50 1279.00
 
 
Crude Oil(WTI) (M18) Intraday: key resistance at 71.40.

 
 Pivot: 71.40
 
Our preference: short positions below 71.40 with targets at 70.60 & 70.30 in extension.
 
Alternative scenario: above 71.40 look for further upside with 71.90 & 72.30 as targets.
 
Comment: the RSI is mixed with a bearish bias. As long as 71.40 is resistance, expect a return to 70.60.
 
Supports and resistances:
 
72.30 71.90 71.40
 
71.14 Last seen
 
70.60 70.30 70.00



EUR/USD is trading narrow on Tuesday's EU trading session with only 28-pips price action after clocking 1.1938 high. 

Technically, EUR/USD is forming inverted head and shoulders pattern with a close below 1.1907 indicates a failure for the pattern and price should test 1.1860 2017 rising channel border with a potential bounce. In case of a H4 or daily close below 1.1860, then recent corrections are a preparation for further dips aimed at 1.1700+/-. Yesterday's daily candle (inverted hammer) suggests a cautious trading but the fact that price closed at Friday's lower half body keeps it engulfing. 

On the other hand, another head and shoulders pattern is forming on DXY, the U.S Index where price is expected to be capped at 92.70-80, with a strong pullback suggest further dips for DXY aimed at 91.10. So basically we are standing at inverted head and shoulders on EUR/USD V.S head and shoulders on the DXY. We suggest that EUR/USD should be successful. 

The gear will be U.S Data today with Retail Sales in focus after disappointing CPI last week. 

Technical summary: 

Closing price: 1.1927 

Target price:  1.1800

Resistance: 1.1969, 1.1995

Support: 1.1900, 1.1825-00

Trend: Sdwys/Down / daily

Trend reversal price:  1.2100

Comment: Overall the market remains bearish and retains potential for a spike extension to 11830. Trade should resume selloffs to maintain downside momentum forces. A climb over yesterday's 1.2000 high hints for a flip to near term friendly corrections. A close over 1.2100* is needed to confirm a short term reversing turnaround. 

 



The cable is still consolidating for the ninth consecutive session trading in a range 1.3460 low and 1.3600. On Tuesday, the pair is trading narrow with only 33-pips price action after a shy peek at 1.3538 high. GBP/USD is still under massive pressure by strong U.S Dollar performance after peeking to 93.25 high last week.

The DXY is currently recovering after three sessions of downward correction touching 92.10 low. Today, the buck hiked to 92.63 high, and it is expected for further pressing aimed at 92.80 where a pattern of head and shoulders can be formed that suggest a newer low at 91.00-10 if the pattern was successful. If the DXY surpassed 92.80 level, then we are looking into a newer high which should set the cable for a downward breakout of its current range. Anyways, the cable has reached an oversold market as the RSI daily dropped to 21 level, which suggests an upward correction aimed at 1.2740+/- as a restest for breakout channel. 

Moving to macros, on behalf of the pound, Average Earnings will be released shortly with expectations for 2.7% print compared to 2.8% on previous session. As for the U.S Dollar, Retail Sales at 0.4% compared to 0.6% previously. Be aware that the greenback was receiving poor macros since last week with weak CPI, adding to today's data, this could be a game changer for the U.S Index.

Technical summary: 

Closing price: 1.3554

Target price: None at the moment

Resistance: 13580-1.3618, 1.3848*

Support: 1.3500-, 13480-

Trend: Down / daily

Trend reversal price: 1.3848

Comment The market remains postured in the down trend, but be alert for emerging support against 1.3500 and chance for a reactionary bounce into corrections of recent declines. A surge over last Thursday's high could boost rebounding action. A close over 1.3848* signals a lasting turnaround. A close under 1.3456 warns for another washout leg into the 13400-13300 range.  

 

 



USD/JPY plunged on Monday's Tokyo's trading session to 109.20 low, then rallied to 109.58 following neutral Japanese PPI data. 

In this research, I think we need to take a second look at JPY. We rarely make updates on this currency. Meantime, some really interesting patterns could be formed there in short time.
 

As for Japanese economy, these are not a lot of issues that stands as a barrier between fundamentals and technical overview. It stands as usual. Japan has no serious economical problems, no hot geopolitical tensions. Currency is stable and used as one among safe-haven ones. Every time, when it will be possible JPY will grow against USD. 
 
Fathom sentiment indicator shows extremely positive numbers for Japan - it predicts 5% GDP growth, which significantly higher compares to Japan saw in last decade. This deviation explains by extremely high values of economy sentiment of business. Sometime Fathom sentiment indicator and GDP will converge.

The ESI is an objective measure that pulls together a wide range of sentiment surveys, covering both consumer and business confidence, into a single composite measure. The weights on the individual components are those that do the best job of tracking official GDP growth. Fathom’s Japan ESI points to GDP growth of 5.0% annualised — far ahead of anything the Japanese economy has enjoyed for many years. Confidence in Japan is high: very high. 



If we take a look at domestic Japan sentiment indicators - all of them stand on a good pace - Tankan survey, Consumer confidence, total composite index. As Fathom points - In Japan as elsewhere, that gap will eventually close. In our view, in Japan most of that will be attributable to weaker sentiment rather than stronger growth — borne out by the fact that the more forward-looking elements of the sentiment surveys are generally weaker than the backward-looking elements, and by the fact that the composite ESI eased relative to Q4. But the risks to that view are clearly to the upside.

COT Report

Since the beginning of year we see massive short-covering on JPY, mostly due impact of external factors and geopolitical tensions. Now position mostly stands flat within few weeks and investors do not hurry increase longs. This could mean something.
 

Technicals Monthly
 
On this time frame we have a pattern of incredible scale, huge reverse H&S pattern is forming here. As it usually happens - left side of H&S is a huge butterfly "Buy". Upside rally from the bottom of the right arm in 2015 was rather fast. Now yen stands in retracement of this upside action that already has started. 
 
Upside targets stand rather far - it could be as AB-CD pattern, based on H&S itself, or butterfly "Sell" pattern, based on right arm. All these targets stand above 130 level and not very interesting for us now. 
 
What is really interesting is when and how market will turn up and when. In fact there are more than single scenario. I would say, that we have at least three of them. First is - immediate upside action and triangle breakout, turning to butterfly pattern. Second - downside action to the lower border of triangle first. Finally, third scenario is triangle downside breakout by large AB=CD with butterfly "Buy" shape of CD leg. In this case potential reversal point will stand around 93.50-94. area...
Our task is find out which scenario will happen as soon as possible.



Weekly analysis: 


Weekly time frame lets us to estimate very important support area, where major upside reversal could start. 
So, 102.80 - 103.15 is a strong support cluster on weekly chart. First is, this is lower border of monthly triangle. Second - we have large AB-CD pattern. Once it will be completed - we will get "222" Buy pattern here.
Finally, CD leg of this pattern could take a shape of 3-Drive "Buy", as JPY keeps drive-to-drive extensions of this pattern very sharp. 

So, 103 area, roughly, is the major one to keep an eye on. If, yen will break it down, this will significantly increase chances on further drop, at least to 93-94 level, according to monthly analysis and "222' here could turn to butterfly.



Daily

On daily chart yen starts at important resistance, which should clarify market perspective in nearest future. Price has completed XOP target right at daily K-resistance area. Now we also see tweezers top and hint on possible DRPO "Sell" pattern. Thrust is not perfect, but its final part looks fast enough.

Yesterday we've suggested upside retracement on EUR, thus, here as well, downside action doesn't look impossible. 

This level is also important because if yen will break it up - this will turn advantage in upside continuation and makes in vain all our talks about deeper retracement and reversal patterns. Because in this case monthly triangle probably will be broken up. 

While if indeed yen will drop, then we will keep an eye on our scenario with 103 level and large weekly "222" Buy pattern.





Intraday:

4H chart also shows some bearish signs. AB-CD pattern inside of the channel has been completed. We have clear bearish MACD divergence right at daily K-resistance and Agreement area. Tops are equal and this could be Double Top pattern. 

Take a look that top is enveloped by weekly pivot level. WPS1 stands precisely as a neckline. Breaking through WPS1 should confirm that downside action is continuation of bear trend. Otherwise WPS1 should hold price action.




Conclusion

Long-term JPY chart has so big pattern which makes it to be interesting only from theoretical point of view. Now we're mostly focused on process of upside reversal and where it could happen. Currently we have a suggestion that it could happen around 103 area. 

On a shorter term charts, yen stands at strong daily resistance, where scalp short position could be taken. At least minor respect of this level should happen, which lets us move stops to breakeven. Daily resistance is very important. Depending on whether it will be broken up or not we will understand further JPY direction. ( Sive Morten)


Entry levels: 109.50 - 109.60 -  109.80 

Target: 106 - 103

Invalidation: 110.15

 
 
EUR/USD Intraday: further advance.

 
 Pivot: 1.1925
 
Our preference: long positions above 1.1925 with targets at 1.1990 & 1.2020 in extension.
 
Alternative scenario: below 1.1925 look for further downside with 1.1905 & 1.1890 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
1.2060 1.2020 1.1990
 
1.1955 Last
 
1.1925 1.1905 1.1890
 
GBP/USD Intraday: the bias remains bullish.
 

 Pivot: 1.3530
 
Our preference: long positions above 1.3530 with targets at 1.3595 & 1.3620 in extension.
 
Alternative scenario: below 1.3530 look for further downside with 1.3500 & 1.3465 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
 
1.3650 1.3620 1.3595
 
1.3560 Last
 
1.3530 1.3500 1.3465
 
USD/JPY Intraday: under pressure.

 
 Pivot: 109.45
 
Our preference: short positions below 109.45 with targets at 109.15 & 108.95 in extension.
 
Alternative scenario: above 109.45 look for further upside with 109.60 & 109.80 as targets.
 
Comment: as long as the resistance at 109.45 is not surpassed, the risk of the break below 109.15 remains high.
 
Supports and resistances:
 
109.80 109.60 109.45
 
109.25 Last seen
 
109.15108.95 108.80
 
USD/CAD Intraday: the upside prevails.

 
 Pivot: 1.2755
 
Our preference: long @ 1.2780 with targets @ 1.2815 & 1.2860 in extension.
 
Alternative scenario: below 1.2755 look for further downside with 1.2725 & 1.2695 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
 
1.2900 1.2860 1.2815
 
1.2780 Last
 
1.2755 1.2725 1.2695
 
NZD/USD Intraday: intraday support around 0.6950.
 

 Pivot: 0.6950
 
Our preference: long positions above 0.6950 with targets at 0.6985 & 0.7000 in extension.
 
Alternative scenario: below 0.6950 look for further downside with 0.6935 & 0.6920 as targets.
 
Comment: a support base at 0.6950 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
 
0.7025 0.7000 0.6985
 
0.6968 Last seen
 
0.6950 0.6935 0.6920
 
AUD/USD Intraday: the upside prevails.

 
 Pivot: 0.7530
 
Our preference: long positions above 0.7530 with targets at 0.7565 & 0.7585 in extension.
 
Alternative scenario: below 0.7530 look for further downside with 0.7510 & 0.7490 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
 
0.7605 0.7585 0.7565
 
0.7550 Last seen
 
0.7530 0.7510 0.7490
 
Gold spot Intraday: key resistance at 1326.00.

 
 Pivot: 1326.00
 
Our preference: short positions below 1326.00 with targets at 1315.50 & 1311.00 in extension.
 
Alternative scenario: above 1326.00 look for further upside with 1332.00 & 1339.00 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
 
1339.00 1332.00 1326.00
 
1319.55 Last seen
 
1315.50 1311.00 1307.00
 
 
Crude Oil(WTI) (M18) Intraday: key resistance at 71.13.

 
 Pivot: 71.13
 
Our preference: short positions below 71.13 with targets at 70.00 & 69.60 in extension.
 
Alternative scenario: above 71.13 look for further upside with 71.61 & 71.90 as targets.
 
Comment: the RSI is capped by a declining trend line.
 
Supports and resistances:
 
71.90 71.61 71.13
 
70.44 Last seen
 
70.00 69.60 69.05

 
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