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Daily Market Newsletter
October 29, 2025
 
   
 
Crude Oil (WTI)   Gold   GBP/USD   USD/JPY   EUR/USD   Dow Jones (CME)   Nasdaq 100 (CME)   GBP/JPY   EUR/AUD   USD/CAD   Nvidia   Tesla  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Crude Oil (WTI)‎ (Z5)‎ Intraday: the downside prevails.
 
Pivot:
60.80
 
Our preference:
Short positions below 60.80 with targets at 59.40 & 59.00 in extension.
 
Alternative scenario:
Above 60.80 look for further upside with 61.40 & 62.10 as targets.
 
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.
 
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Gold Intraday: watch 4014.00.
 
Pivot:
3930.00
 
Our preference:
Long positions above 3930.00 with targets at 4014.00 & 4045.00 in extension.
 
Alternative scenario:
Below 3930.00 look for further downside with 3895.00 & 3847.00 as targets.
 
Comment:
The RSI is mixed to bullish.
 
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GBP/USD Intraday: the downside prevails.
 
Pivot:
1.3295
 
Our preference:
Short positions below 1.3295 with targets at 1.3245 & 1.3220 in extension.
 
Alternative scenario:
Above 1.3295 look for further upside with 1.3320 & 1.3340 as targets.
 
Comment:
The RSI calls for a new downleg.
 
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USD/JPY Intraday: key resistance at 152.20.
 
Pivot:
152.20
 
Our preference:
Short positions below 152.20 with targets at 151.55 & 151.30 in extension.
 
Alternative scenario:
Above 152.20 look for further upside with 152.40 & 152.65 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 152.20.
 
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EUR/USD Intraday: consolidation.
 
Pivot:
1.1670
 
Our preference:
Short positions below 1.1670 with targets at 1.1625 & 1.1610 in extension.
 
Alternative scenario:
Above 1.1670 look for further upside with 1.1685 & 1.1700 as targets.
 
Comment:
As long as 1.1670 is resistance, look for choppy price action with a bearish bias.
 
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Dow Jones (CME)‎ (Z5)‎ Intraday: intraday support around 47760.00.
 
Pivot:
47760.00
 
Our preference:
Long positions above 47760.00 with targets at 48110.00 & 48300.00 in extension.
 
Alternative scenario:
Below 47760.00 look for further downside with 47580.00 & 47480.00 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
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Nasdaq 100 (CME)‎ (Z5)‎ Intraday: the upside prevails.
 
Pivot:
26090.00
 
Our preference:
Long positions above 26090.00 with targets at 26330.00 & 26430.00 in extension.
 
Alternative scenario:
Below 26090.00 look for further downside with 26015.00 & 25940.00 as targets.
 
Comment:
The RSI shows upside momentum.
 
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GBP/JPY intraday : rebound towards 202.85
 
Our pivot point is at 201.54.
 
Our preference:
Rebound towards 202.85
 
Alternative scenario:
Below 201.54, expect 201.05 and 200.76.
 
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 above its 20 period moving average (201.94) but below its 50 period moving average (202.59).
 
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EUR/AUD intraday : rebound towards 1.7784
 
Our pivot point is at 1.7658.
 
Our preference:
Rebound towards 1.7784
 
Alternative scenario:
Below 1.7658, expect 1.7612 and 1.7584.
 
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 1.7710 and 1.7752).
 
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USD/CAD Intraday: under pressure.
 
Pivot:
1.3970
 
Our preference:
Short positions below 1.3970 with targets at 1.3910 & 1.3885 in extension.
 
Alternative scenario:
Above 1.3970 look for further upside with 1.3990 & 1.4005 as targets.
 
Comment:
The RSI advocates for further downside.
 
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Nvidia intraday : the RSI is overbought
 
Our pivot point is at 198.46.
 
Our preference:
The upside prevails as long as 198.46 is support
 
Alternative scenario:
Below 198.46, expect 195.66 and 193.99.
 
Comment:
The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 194.30 and 188.91).
 
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Tesla intraday : as long as 451.46 is support look for 479.78
 
Our pivot point is at 451.46.
 
Our preference:
As long as 451.46 is support look for 479.78
 
Alternative scenario:
Below 451.46, expect 442.22 and 436.72.
 
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 460.14 and 448.80).
 
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