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Your Daily Technical Analysis Newsletter
April 26, 2024
 
   
 
EUR/USD   GBP/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Nasdaq 100 (CME)   Apple   Tesla   Crude Oil (WTI)  
 
 
 
 
  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
 
 
 
WTI Crude Futures Stay On The Upside
 
WTI crude-oil futures price has surpassed a declining channel, keeping the outlook bullish. Further upside should bring oil price toward $84.50.
 
WATCH NOW
 
 
     
 
EUR/USD Intraday: the upside prevails.
 
Pivot:
1.0710
 
Our preference:
Long positions above 1.0710 with targets at 1.0755 & 1.0770 in extension.
 
Alternative scenario:
Below 1.0710 look for further downside with 1.0695 & 1.0675 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
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GBP/USD Intraday: the upside prevails.
 
Pivot:
1.2475
 
Our preference:
Long positions above 1.2475 with targets at 1.2540 & 1.2555 in extension.
 
Alternative scenario:
Below 1.2475 look for further downside with 1.2450 & 1.2420 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Dow Jones (CME)‎ (M4)‎ Intraday: choppy.
 
Pivot:
38145.00
 
Our preference:
Long positions above 38145.00 with targets at 38430.00 & 38540.00 in extension.
 
Alternative scenario:
Below 38145.00 look for further downside with 38024.00 & 37944.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
Analyst Views Chart
 
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Gold Intraday: further advance.
 
Pivot:
2335.00
 
Our preference:
Long positions above 2335.00 with targets at 2363.00 & 2372.00 in extension.
 
Alternative scenario:
Below 2335.00 look for further downside with 2315.00 & 2305.00 as targets.
 
Comment:
The break above 2335.00 is a positive signal that has opened a path to 2363.00.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (M4)‎ Intraday: choppy.
 
Pivot:
18051.00
 
Our preference:
Long positions above 18051.00 with targets at 18275.00 & 18339.00 in extension.
 
Alternative scenario:
Below 18051.00 look for further downside with 17965.00 & 17870.00 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 
Analyst Views Chart
 
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Brent (ICE)‎ (M4)‎ Intraday: bullish bias above 88.70.
 
Pivot:
88.70
 
Our preference:
Long positions above 88.70 with targets at 89.80 & 90.70 in extension.
 
Alternative scenario:
Below 88.70 look for further downside with 88.20 & 87.70 as targets.
 
Comment:
The break above 88.70 is a positive signal that has opened a path to 89.80.
 
Analyst Views Chart
 
Trade Now
 
 
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Nasdaq 100 (CME)‎ (M4)‎ Intraday: intraday support around 17580.00.
 
Pivot:
17580.00
 
Our preference:
Long positions above 17580.00 with targets at 17825.00 & 17960.00 in extension.
 
Alternative scenario:
Below 17580.00 look for further downside with 17490.00 & 17305.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Apple Intraday: further upside.
 
Pivot:
167.25
 
Our preference:
Long positions above 167.25 with targets at 170.50 & 173.00 in extension.
 
Alternative scenario:
Below 167.25 look for further downside with 166.00 & 164.00 as targets.
 
Comment:
The RSI calls for a new upleg.
 
Analyst Views Chart
 
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Tesla Intraday: further upside.
 
Pivot:
163.00
 
Our preference:
Long positions above 163.00 with targets at 173.00 & 179.00 in extension.
 
Alternative scenario:
Below 163.00 look for further downside with 158.00 & 154.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
Analyst Views Chart
 
Trade Now
 
 
 
 
 
Crude Oil (WTI)‎ (M4)‎ Intraday: intraday support around 83.30.
 
Pivot:
83.30
 
Our preference:
Long positions above 83.30 with targets at 84.50 & 85.10 in extension.
 
Alternative scenario:
Below 83.30 look for further downside with 82.80 & 82.40 as targets.
 
Comment:
The break above 83.30 is a positive signal that has opened a path to 84.50.
 
Analyst Views Chart
 
Trade Now
 
 
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