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EUR/USD Intraday: under pressure.
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Pivot: 1.1700
Our preference: short positions below 1.1700 with targets at 1.1660 & 1.1640 in extension.
Alternative scenario: above 1.1700 look for further upside with 1.1725 & 1.1745 as targets.
Comment: a break below 1.1660 would trigger a drop towards 1.1640.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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EUR/JPY intraday : as long as 171.73 is support look for 172.90
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Our pivot point is at 171.73.
Our preference: as long as 171.73 is support look for 172.90
Alternative scenario: below 171.73, expect 171.34 and 171.10.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 172.03 and 171.95).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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GBP/USD Intraday: capped by a negative trend line.
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Pivot: 1.3525
Our preference: short positions below 1.3525 with targets at 1.3430 & 1.3400 in extension.
Alternative scenario: above 1.3525 look for further upside with 1.3560 & 1.3585 as targets.
Comment: the RSI lacks upward momentum.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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GBP/JPY intraday : the downside prevails as long as 199.24 is resistance
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Our pivot point is at 199.24.
Our preference: the downside prevails as long as 199.24 is resistance
Alternative scenario: above 199.24, look for 199.91 and 200.31.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 198.68 and 198.83).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Pivot: 146.75
Our preference: long positions above 146.75 with targets at 147.80 & 148.20 in extension.
Alternative scenario: below 146.75 look for further downside with 146.40 & 146.05 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Pivot: 1.3670
Our preference: long positions above 1.3670 with targets at 1.3710 & 1.3730 in extension.
Alternative scenario: below 1.3670 look for further downside with 1.3650 & 1.3630 as targets.
Comment: a support base at 1.3670 has formed and has allowed for a temporary stabilisation.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Crude Oil (WTI) (U5) Intraday: bullish bias above 66.50.
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Pivot: 66.50
Our preference: long positions above 66.50 with targets at 67.60 & 68.10 in extension.
Alternative scenario: below 66.50 look for further downside with 65.90 & 65.30 as targets.
Comment: technically the RSI is above its neutrality area at 50.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Brent (ICE) (U5) Intraday: bullish bias above 69.70.
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Pivot: 69.70
Our preference: long positions above 69.70 with targets at 71.00 & 71.50 in extension.
Alternative scenario: below 69.70 look for further downside with 69.20 & 68.55 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Dow Jones (CME) (U5) Intraday: the downside prevails.
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Pivot: 44550.00
Our preference: short positions below 44550.00 with targets at 44280.00 & 44180.00 in extension.
Alternative scenario: above 44550.00 look for further upside with 44670.00 & 44800.00 as targets.
Comment: the RSI calls for a drop.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Gold Intraday: intraday support around 3349.00.
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Pivot: 3349.00
Our preference: long positions above 3349.00 with targets at 3373.00 & 3380.00 in extension.
Alternative scenario: below 3349.00 look for further downside with 3330.00 & 3310.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Disclaimer
TRADING CENTRAL is an independent third party research provider and the information provided should not be considered as trading advice. ICM Capital provides TRADING CENTRAL research to support clients in their trades and give them trading ideas, which should be independently evaluated. ICM Capital cannot be held liable for any information provided by TRADING CENTRAL.
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ICM Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) regulatory number: 520965.
Registered address: New Broad Street House, 35 New Broad St, London EC2M 1NH, United Kingdom
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