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Your Daily Technical Analysis Newsletter
May 7, 2026
 
   
 
EUR/USD   GBP/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Crude Oil (WTI)   Nasdaq 100 (CME)   Apple   Tesla  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
 
Web TV from Trading Central
 
 
 
USD/CAD : Upside Prevails
 
Once reaching the overhead resistance at 1.3650, US dollar - Canadian dollar should then target 1.3670 on the upside.
 
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EUR/USD Intraday: bullish bias above 1.1745.
 
Pivot:
1.1745
 
Our preference:
Long positions above 1.1745 with targets at 1.1795 & 1.1815 in extension.
 
Alternative scenario:
Below 1.1745 look for further downside with 1.1725 & 1.1710 as targets.
 
Comment:
A support base at 1.1745 has formed and has allowed for a temporary stabilisation.
 
Analyst Views Chart
 
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GBP/USD Intraday: bullish bias above 1.3590.
 
Pivot:
1.3590
 
Our preference:
Long positions above 1.3590 with targets at 1.3645 & 1.3660 in extension.
 
Alternative scenario:
Below 1.3590 look for further downside with 1.3560 & 1.3530 as targets.
 
Comment:
The break above the resistance at 1.3590 triggered an upward acceleration to 1.3645.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (M6)‎ Intraday: the bias remains bullish.
 
Pivot:
49830
 
Our preference:
Long positions above 49830 with targets at 50300 & 50500 in extension.
 
Alternative scenario:
Below 49830 look for further downside with 49660 & 49475 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
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Gold Intraday: further advance.
 
Pivot:
4690
 
Our preference:
Long positions above 4690 with targets at 4770 & 4800 in extension.
 
Alternative scenario:
Below 4690 look for further downside with 4660 & 4625 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (M6)‎ Intraday: consolidation in place.
 
Pivot:
24810
 
Our preference:
Long positions above 24810 with targets at 25110 & 25250 in extension.
 
Alternative scenario:
Below 24810 look for further downside with 24580 & 24390 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
Analyst Views Chart
 
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Brent (ICE)‎ (N6)‎ Intraday: the downside prevails.
 
Pivot:
101.30
 
Our preference:
Short positions below 101.30 with targets at 94.80 & 92.30 in extension.
 
Alternative scenario:
Above 101.30 look for further upside with 104.00 & 106.50 as targets.
 
Comment:
The break below the support at 101.30 triggered a downward acceleration to 92.30.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (M6)‎ Intraday: the downside prevails.
 
Pivot:
95.00
 
Our preference:
Short positions below 95.00 with targets at 89.80 & 87.60 in extension.
 
Alternative scenario:
Above 95.00 look for further upside with 97.30 & 99.00 as targets.
 
Comment:
The break below 95.00 is a negative signal that has opened a path to 89.80.
 
Analyst Views Chart
 
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Nasdaq 100 (CME)‎ (M6)‎ Intraday: the bias remains bullish.
 
Pivot:
28590
 
Our preference:
Long positions above 28590 with targets at 28910 & 29000 in extension.
 
Alternative scenario:
Below 28590 look for further downside with 28375 & 28250 as targets.
 
Comment:
Investors have to remain cautious since these levels may trigger profit taking.
 
Analyst Views Chart
 
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Apple intraday : the upside prevails as long as 284.80 is support
 
Our pivot point is at 284.80.
 
Our preference:
The upside prevails as long as 284.80 is support
 
Alternative scenario:
Below 284.80, expect 281.94 and 280.24.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 285.45 and 281.88).
 
Analyst Views Chart
 
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Tesla intraday : the upside prevails as long as 392.48 is support
 
Our pivot point is at 392.48.
 
Our preference:
The upside prevails as long as 392.48 is support
 
Alternative scenario:
Below 392.48, expect 385.12 and 380.75.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 394.59 and 393.42).
 
Analyst Views Chart
 
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