Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
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DAILY MARKET NEWSLETTER
December 6, 2021
 
 
 
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
 
 
 
AUD/USD   USD/JPY   GBP/USD   EUR/USD   Hang Seng (HKFE)   Nikkei 225 (OSE)   SPI 200 (ASX)   Crude Oil (WTI)   Gold   Silver spot  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
AUD/USD intraday: the RSI is oversold
 
Our pivot point stands at 0.7022.
 
Our preference:
The downside prevails as long as 0.7022 is resistance.
 
Alternative scenario:
The upside breakout of 0.7022, would call for 0.7046 and 0.7060.
 
Comment:
The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.7028 and 0.7055).
 
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USD/JPY intraday: the downside prevails as long as 113.11 is resistance
 
113.11 is our pivot point.
 
Our preference:
The downside prevails as long as 113.11 is resistance.
 
Alternative scenario:
The upside breakout of 113.11, would call for 113.51 and 113.75.
 
Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 113.07 and 113.15).
 
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GBP/USD intraday: rebound towards 1.3306
 
Our pivot point is at 1.3195.
 
Our preference:
Rebound towards 1.3306.
 
Alternative scenario:
Below 1.3195, expect 1.3155 and 1.3131.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3248 and 1.3273).
 
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EUR/USD intraday: the upside prevails as long as 1.1272 is support
 
Our pivot point stands at 1.1272.
 
Our preference:
The upside prevails as long as 1.1272 is support.
 
Alternative scenario:
Below 1.1272, expect 1.1230 and 1.1205.
 
Comment:
The RSI is above 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 1.1304 and 1.1300).
 
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Hang Seng (HKFE)‎ (Z1)‎ Intraday: look for 23260.00.
 
Pivot:
23470.00
 
Our preference:
Short positions below 23470.00 with targets at 23260.00 & 23100.00 in extension.
 
Alternative scenario:
Above 23470.00 look for further upside with 23620.00 & 23845.00 as targets.
 
Comment:
The RSI is mixed to bearish.
 
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Nikkei 225 (OSE)‎ (Z1)‎ Intraday: choppy.
 
Pivot:
27920.00
 
Our preference:
Short positions below 27920.00 with targets at 27310.00 & 27000.00 in extension.
 
Alternative scenario:
Above 27920.00 look for further upside with 28175.00 & 28400.00 as targets.
 
Comment:
As long as 27920.00 is resistance, look for choppy price action with a bearish bias.
 
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SPI 200 (ASX)‎ (Z1)‎ intraday: the downside prevails as long as 7261 is resistance
 
Our pivot point stands at 7261.
 
Our preference:
The downside prevails as long as 7261 is resistance.
 
Alternative scenario:
Above 7261, look for 7300 and 7323.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. SPI 200 (ASX) (Z1) stands below its 20 and 50 period moving average (respectively at 7244 and 7251).
 
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Crude Oil (WTI)‎ (F2)‎ Intraday: the downside prevails.
 
Pivot:
67.00
 
Our preference:
Short positions below 67.00 with targets at 64.90 & 63.80 in extension.
 
Alternative scenario:
Above 67.00 look for further upside with 68.90 & 70.55 as targets.
 
Comment:
Technically the RSI is below its neutrality area at 50.
 
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Gold intraday: the upside prevails as long as 1775.50 is support
 
Our pivot point stands at 1775.50.
 
Our preference:
The upside prevails as long as 1775.50 is support.
 
Alternative scenario:
Below 1775.50, expect 1764.50 and 1758.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Gold is trading above both its 20 and 50 period moving average (respectively at 1776.70 and 1773.10).
 
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Silver intraday: the upside prevails as long as 22.40 is support
 
Our pivot point stands at 22.40.
 
Our preference:
The upside prevails as long as 22.40 is support.
 
Alternative scenario:
The downside breakout of 22.40 would call for 22.25 and 22.15.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver is trading above both its 20 and 50 period moving average (respectively at 22.40 and 22.39).
 
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