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EUR/USD Intraday: key resistance at 1.1250.
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Pivot: 1.1250
Our preference: short positions below 1.1250 with targets at 1.1220 & 1.1205 in extension.
Alternative scenario: above 1.1250 look for further upside with 1.1270 & 1.1285 as targets.
Comment: as long as the resistance at 1.1250 is not surpassed, the risk of the break below 1.1220 remains high.
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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: the upside prevails as long as 120.48 is support
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Our pivot point stands at 120.48.
Our preference: the upside prevails as long as 120.48 is support.
Alternative scenario: the downside breakout of 120.48 would call for 120.02 and 119.75.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 120.83 and 120.81).
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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: 1.2490
Our preference: short positions below 1.2490 with targets at 1.2435 & 1.2420 in extension.
Alternative scenario: above 1.2490 look for further upside with 1.2505 & 1.2525 as targets.
Comment: as long as 1.2490 is resistance, look for choppy price action with a bearish bias.
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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 upside prevails as long as 133.68 is support
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Our pivot point stands at 133.68.
Our preference: the upside prevails as long as 133.68 is support.
Alternative scenario: the downside breakout of 133.68 would call for 133.06 and 132.70.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 134.04 and 134.00).
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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: 107.65
Our preference: short positions below 107.65 with targets at 107.40 & 107.30 in extension.
Alternative scenario: above 107.65 look for further upside with 107.80 & 107.90 as targets.
Comment: as long as the resistance at 107.65 is not surpassed, the risk of the break below 107.40 remains high.
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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: 1.3575
Our preference: short positions below 1.3575 with targets at 1.3540 & 1.3515 in extension.
Alternative scenario: above 1.3575 look for further upside with 1.3600 & 1.3615 as targets.
Comment: as long as 1.3575 is resistance, look for choppy price action with a bearish bias.
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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) (Q0) Intraday: supported by a rising trend line.
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Pivot: 39.85
Our preference: long positions above 39.85 with targets at 40.50 & 40.75 in extension.
Alternative scenario: below 39.85 look for further downside with 39.45 & 39.05 as targets.
Comment: the RSI is bullish and calls for further upside.
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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) (U0) Intraday: intraday support around 42.30.
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Pivot: 42.30
Our preference: long positions above 42.30 with targets at 42.95 & 43.25 in extension.
Alternative scenario: below 42.30 look for further downside with 42.05 & 41.75 as targets.
Comment: a support base at 42.30 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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Dow Jones (CME) (U0) Intraday: break of a ST rising trendline support.
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Pivot: 25900.00
Our preference: short positions below 25900.00 with targets at 25300.00 & 25170.00 in extension.
Alternative scenario: above 25900.00 look for further upside with 26090.00 & 26275.00 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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Gold spot Intraday: key resistance at 1780.00.
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Pivot: 1780.00
Our preference: short positions below 1780.00 with targets at 1765.00 & 1758.00 in extension.
Alternative scenario: above 1780.00 look for further upside with 1784.00 & 1789.00 as targets.
Comment: as long as 1780.00 is resistance, look for choppy price action with a bearish bias.
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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.
ICM Capital Ltd is a company registered in England and Wales under registered number: 07101360.
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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