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Daily Market Newsletter
May 19, 2026
 
   
 
GBP/USD   USD/JPY   EUR/USD   USD/CAD   GBP/JPY   EUR/AUD   Crude Oil (WTI)   Gold   Nasdaq 100 (CME)   Dow Jones (CME)   Nvidia   Tesla  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
GBP/USD intraday: the bias remains bullish.
 
Pivot:
1.3380
 
Our preference:
Long positions above 1.3380 with targets at 1.3450 & 1.3480 in extension.
 
Alternative scenario:
Below 1.3380 look for further downside with 1.3345 & 1.3315 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
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USD/JPY intraday: key resistance at 159.05.
 
Pivot:
159.05
 
Our preference:
Short positions below 159.05 with targets at 158.70 & 158.55 in extension.
 
Alternative scenario:
Above 159.05 look for further upside with 159.30 & 159.50 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 159.05.
 
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EUR/USD intraday: consolidation.
 
Pivot:
1.1625
 
Our preference:
Long positions above 1.1625 with targets at 1.1665 & 1.1680 in extension.
 
Alternative scenario:
Below 1.1625 look for further downside with 1.1610 & 1.1590 as targets.
 
Comment:
A support base at 1.1625 has formed and has allowed for a temporary stabilisation.
 
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USD/CAD intraday: watch 1.3730.
 
Pivot:
1.3755
 
Our preference:
Short positions below 1.3755 with targets at 1.3730 & 1.3715 in extension.
 
Alternative scenario:
Above 1.3755 look for further upside with 1.3770 & 1.3785 as targets.
 
Comment:
As long as 1.3755 is resistance, likely decline to 1.3730.
 
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GBP/JPY intraday : as long as 212.86 is support look for 214.10
 
Our pivot point is at 212.86.
 
Our preference:
As long as 212.86 is support look for 214.10
 
Alternative scenario:
Below 212.86, expect 212.41 and 212.14.
 
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 below its 20 period moving average (213.32) but above its 50 period moving average (212.79).
 
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EUR/AUD intraday : the upside prevails as long as 1.6268 is support
 
Our pivot point is at 1.6268.
 
Our preference:
The upside prevails as long as 1.6268 is support
 
Alternative scenario:
Below 1.6268, expect 1.6230 and 1.6207.
 
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 1.6273 and 1.6270).
 
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Crude Oil (WTI)‎ (N6)‎ intraday: bounce.
 
Pivot:
101.10
 
Our preference:
Long positions above 101.10 with targets at 103.60 & 105.20 in extension.
 
Alternative scenario:
Below 101.10 look for further downside with 100.25 & 98.60 as targets.
 
Comment:
The RSI calls for a rebound.
 
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Gold intraday: intraday support around 4535.
 
Pivot:
4535
 
Our preference:
Long positions above 4535 with targets at 4585 & 4605 in extension.
 
Alternative scenario:
Below 4535 look for further downside with 4500 & 4480 as targets.
 
Comment:
The RSI is mixed and calls for caution.
 
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Nasdaq 100 (CME)‎ (M6)‎ intraday: key resistance at 29240.
 
Pivot:
29240
 
Our preference:
Short positions below 29240 with targets at 28800 & 28600 in extension.
 
Alternative scenario:
Above 29240 look for further upside with 29480 & 29630 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (M6)‎ intraday: consolidation in place.
 
Pivot:
49850
 
Our preference:
Short positions below 49850 with targets at 49350 & 49140 in extension.
 
Alternative scenario:
Above 49850 look for further upside with 49980 & 50100 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 49850.
 
Analyst Views Chart
 
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Nvidia intraday : the downside prevails as long as 225.14 is resistance
 
Our pivot point is at 225.14.
 
Our preference:
The downside prevails as long as 225.14 is resistance
 
Alternative scenario:
Above 225.14, look for 228.67 and 230.77.
 
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 224.05 and 227.71).
 
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Tesla intraday : rebound towards 423.54
 
Our pivot point is at 402.75.
 
Our preference:
Rebound towards 423.54
 
Alternative scenario:
Below 402.75, expect 395.72 and 391.53.
 
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 415.59 and 431.53).
 
Analyst Views Chart
 
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