Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you.
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| DAILY NEWS BRIEF - MARKET OUTLOOK |
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| Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you. |
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| EUR/USD intraday : rebound towards 1.1669 |
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| Our pivot point is at 1.1603. |
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| Our preference: |
| Rebound towards 1.1669 |
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| Alternative scenario: |
| Below 1.1603, expect 1.1579 and 1.1565. |
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| 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 1.1627 and 1.1641). |
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| GBP/USD intraday : rebound towards 1.3393 |
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| Our pivot point is at 1.3287. |
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| Our preference: |
| Rebound towards 1.3393 |
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| Alternative scenario: |
| Below 1.3287, expect 1.3250 and 1.3227. |
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| 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 1.3336 and 1.3358). |
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| USD/JPY intraday : the upside prevails as long as 158.48 is support |
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| Our pivot point is at 158.48. |
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| Our preference: |
| The upside prevails as long as 158.48 is support |
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| Alternative scenario: |
| Below 158.48, expect 158.15 and 157.95. |
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| Comment: |
| The RSI is above its neutrality area at 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 158.67 and 158.55). |
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| Gold intraday: the downside prevails. |
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| Pivot: |
| 4605 |
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| Our preference: |
| Short positions below 4605 with targets at 4511 & 4475 in extension. |
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| Alternative scenario: |
| Above 4605 look for further upside with 4645 & 4690 as targets. |
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| Comment: |
| The RSI calls for a new downleg. |
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| Silver intraday: under pressure. |
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| Pivot: |
| 79.20 |
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| Our preference: |
| Short positions below 79.20 with targets at 74.70 & 73.00 in extension. |
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| Alternative scenario: |
| Above 79.20 look for further upside with 81.66 & 83.80 as targets. |
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| Comment: |
| The RSI is bearish and calls for further downside. |
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| Crude Oil (WTI) (M6) intraday: further upside. |
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| Pivot: |
| 102.05 |
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| Our preference: |
| Long positions above 102.05 with targets at 106.35 & 108.60 in extension. |
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| Alternative scenario: |
| Below 102.05 look for further downside with 100.65 & 99.15 as targets. |
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| Comment: |
| The RSI is mixed to bullish. |
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| Dow Jones (CME) (M6) intraday: under pressure. |
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| Pivot: |
| 49850 |
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| Our preference: |
| Short positions below 49850 with targets at 49580 & 49470 in extension. |
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| Alternative scenario: |
| Above 49850 look for further upside with 49980 & 50100 as targets. |
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| Comment: |
| The RSI is bearish and calls for further downside. |
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| S&P 500 (CME) (M6) intraday: under pressure. |
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| Pivot: |
| 7475 |
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| Our preference: |
| Short positions below 7475 with targets at 7420 & 7400 in extension. |
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| Alternative scenario: |
| Above 7475 look for further upside with 7494 & 7510 as targets. |
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| Comment: |
| As long as the resistance at 7475 is not surpassed, the risk of the break below 7420 remains high. |
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TRADING FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS.
THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR INITIAL INVESTMENT AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.
THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO TRADE FOREIGN EXCHANGE OR CFD’S YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES, LEVEL OF EXPERIENCE, AND RISK APPETITE.
YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FOREIGN EXCHANGE AND OTHER CFD TRADING, AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS. VPFX RECOMMENDS READING THE RISK DISCLOSURE SECTION OF THE PROSPECTUS FOR ANY FINANCIAL PRODUCT MENTIONED.
VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.
Ventura Prime FX Limited is authorised and regulated by the Labuan Financial Services Authority (LFSA). Registered Address:Kensington Gardens, No U1317, Lot 7616, Jalan Jumidar Buyong, 87000 Labuan Federal Territory, Malaysia
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