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Your Daily Technical Analysis Newsletter
October 10, 2024
 
   
 
GBP/USD   EUR/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
 
 
 
EUR/USD Intraday: Bearish Bias Remains Ahead of U.S. Inflation Data
 
EUR/USD intraday outlook remains bearish below the key resistance at 1.0960.
 
WATCH NOW
 
 
     
 
GBP/USD Intraday: key resistance at 1.3090.
 
Pivot:
1.3090
 
Our preference:
Short positions below 1.3090 with targets at 1.3040 & 1.3020 in extension.
 
Alternative scenario:
Above 1.3090 look for further upside with 1.3110 & 1.3130 as targets.
 
Comment:
As long as the resistance at 1.3090 is not surpassed, the risk of the break below 1.3040 remains high.
 
Analyst Views Chart
 
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EUR/USD Intraday: under pressure.
 
Pivot:
1.0960
 
Our preference:
Short positions below 1.0960 with targets at 1.0925 & 1.0910 in extension.
 
Alternative scenario:
Above 1.0960 look for further upside with 1.0980 & 1.0995 as targets.
 
Comment:
The break below 1.0960 is a negative signal that has opened a path to 1.0925.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (Z4)‎ Intraday: intraday support around 42540.00.
 
Pivot:
42540.00
 
Our preference:
Long positions above 42540.00 with targets at 43000.00 & 43200.00 in extension.
 
Alternative scenario:
Below 42540.00 look for further downside with 42390.00 & 42260.00 as targets.
 
Comment:
The next resistances are at 43000.00 and then at 43200.00.
 
Analyst Views Chart
 
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Gold Intraday: the downside prevails.
 
Pivot:
2624.00
 
Our preference:
Short positions below 2624.00 with targets at 2600.00 & 2592.00 in extension.
 
Alternative scenario:
Above 2624.00 look for further upside with 2634.00 & 2642.00 as targets.
 
Comment:
As long as 2624.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (Z4)‎ Intraday: caution.
 
Pivot:
19480.00
 
Our preference:
Short positions below 19480.00 with targets at 19300.00 & 19205.00 in extension.
 
Alternative scenario:
Above 19480.00 look for further upside with 19550.00 & 19610.00 as targets.
 
Comment:
As long as 19480.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Brent (ICE)‎ (Z4)‎ Intraday: key resistance at 77.95.
 
Pivot:
77.95
 
Our preference:
Short positions below 77.95 with targets at 76.00 & 75.10 in extension.
 
Alternative scenario:
Above 77.95 look for further upside with 79.25 & 80.15 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
Analyst Views Chart
 
Trade Now
 
 
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Crude Oil (WTI)‎ (X4)‎ Intraday: key resistance at 74.40.
 
Pivot:
74.40
 
Our preference:
Short positions below 74.40 with targets at 72.70 & 71.55 in extension.
 
Alternative scenario:
Above 74.40 look for further upside with 75.40 & 76.40 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Nasdaq 100 (CME)‎ (Z4)‎ Intraday: intraday support around 20250.00.
 
Pivot:
20250.00
 
Our preference:
Long positions above 20250.00 with targets at 20550.00 & 20650.00 in extension.
 
Alternative scenario:
Below 20250.00 look for further downside with 20170.00 & 20050.00 as targets.
 
Comment:
The next resistances are at 20550.00 and then at 20650.00.
 
Analyst Views Chart
 
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Apple Intraday: further advance.
 
Pivot:
226.00
 
Our preference:
Long positions above 226.00 with targets at 233.00 & 237.00 in extension.
 
Alternative scenario:
Below 226.00 look for further downside with 221.50 & 217.00 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Tesla Intraday: aim @ 237.70.
 
Pivot:
250.00
 
Our preference:
Short positions below 250.00 with targets at 237.70 & 232.00 in extension.
 
Alternative scenario:
Above 250.00 look for further upside with 256.60 & 264.50 as targets.
 
Comment:
As long as 250.00 is resistance, expect a return to 237.70.
 
Analyst Views Chart
 
Trade Now
 
 
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