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Your Daily Technical Analysis Newsletter
July 26, 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
 
 
 
GBP/USD Intraday: Bearish Bias Remains Ahead of US Core PCE Price Index
 
GBP/USD intraday outlook remains bearish ahead of U.S. core PCE price index due later in the day.
 
WATCH NOW
 
 
     
 
GBP/USD Intraday: under pressure.
 
Pivot:
1.2885
 
Our preference:
Short positions below 1.2885 with targets at 1.2835 & 1.2810 in extension.
 
Alternative scenario:
Above 1.2885 look for further upside with 1.2910 & 1.2935 as targets.
 
Comment:
As long as the resistance at 1.2885 is not surpassed, the risk of the break below 1.2835 remains high.
 
Analyst Views Chart
 
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EUR/USD Intraday: key resistance at 1.0860.
 
Pivot:
1.0860
 
Our preference:
Short positions below 1.0860 with targets at 1.0825 & 1.0805 in extension.
 
Alternative scenario:
Above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.
 
Comment:
As long as the resistance at 1.0860 is not surpassed, the risk of the break below 1.0825 remains high.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (U4)‎ Intraday: intraday support around 40150.00.
 
Pivot:
40150.00
 
Our preference:
Long positions above 40150.00 with targets at 40630.00 & 40790.00 in extension.
 
Alternative scenario:
Below 40150.00 look for further downside with 39960.00 & 39760.00 as targets.
 
Comment:
A support base at 40150.00 has formed and has allowed for a temporary stabilisation.
 
Analyst Views Chart
 
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Gold Intraday: intraday support around 2362.00.
 
Pivot:
2362.00
 
Our preference:
Long positions above 2362.00 with targets at 2382.00 & 2396.00 in extension.
 
Alternative scenario:
Below 2362.00 look for further downside with 2353.00 & 2340.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (U4)‎ Intraday: bullish bias above 18207.00.
 
Pivot:
18207.00
 
Our preference:
Long positions above 18207.00 with targets at 18483.00 & 18570.00 in extension.
 
Alternative scenario:
Below 18207.00 look for further downside with 18110.00 & 18049.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Brent (ICE)‎ (U4)‎ Intraday: intraday support around 81.90.
 
Pivot:
81.90
 
Our preference:
Long positions above 81.90 with targets at 83.15 & 83.50 in extension.
 
Alternative scenario:
Below 81.90 look for further downside with 81.40 & 80.90 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (U4)‎ Intraday: bullish bias above 77.75.
 
Pivot:
77.75
 
Our preference:
Long positions above 77.75 with targets at 79.10 & 79.40 in extension.
 
Alternative scenario:
Below 77.75 look for further downside with 77.25 & 76.80 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Nasdaq 100 (CME)‎ (U4)‎ Intraday: intraday support around 18880.00.
 
Pivot:
18880.00
 
Our preference:
Long positions above 18880.00 with targets at 19360.00 & 19530.00 in extension.
 
Alternative scenario:
Below 18880.00 look for further downside with 18740.00 & 18490.00 as targets.
 
Comment:
A support base at 18880.00 has formed and has allowed for a temporary stabilisation.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Apple Intraday: key resistance at 223.00.
 
Pivot:
223.00
 
Our preference:
Short positions below 223.00 with targets at 214.70 & 211.00 in extension.
 
Alternative scenario:
Above 223.00 look for further upside with 227.00 & 230.00 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Tesla Intraday: the downside prevails.
 
Pivot:
231.00
 
Our preference:
Short positions below 231.00 with targets at 203.00 & 194.00 in extension.
 
Alternative scenario:
Above 231.00 look for further upside with 244.00 & 258.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
Trade Now
 
 
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