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 : as long as 1.1624 is resistance look for 1.1556 |
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| Our pivot point is at 1.1624. |
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| Our preference: |
| As long as 1.1624 is resistance look for 1.1556 |
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| Alternative scenario: |
| Above 1.1624, look for 1.1648 and 1.1662. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (1.1605) but below its 50 period moving average (1.1609). |
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| GBP/USD intraday : target 1.3359 |
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| Our pivot point is at 1.3471. |
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| Our preference: |
| Target 1.3359 |
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| Alternative scenario: |
| Above 1.3471, look for 1.3510 and 1.3534. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.3438) but above its 50 period moving average (1.3432). |
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| USD/JPY intraday : the upside prevails as long as 158.93 is support |
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| Our pivot point is at 158.93. |
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| Our preference: |
| The upside prevails as long as 158.93 is support |
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| Alternative scenario: |
| Below 158.93, expect 158.64 and 158.47. |
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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 159.14 and 159.09). |
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| Gold intraday: consolidation in place. |
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| Pivot: |
| 4490 |
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| Our preference: |
| Long positions above 4490 with targets at 4566 & 4586 in extension. |
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| Alternative scenario: |
| Below 4490 look for further downside with 4477 & 4452 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| Silver intraday: choppy. |
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| Pivot: |
| 74.40 |
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| Our preference: |
| Long positions above 74.40 with targets at 77.10 & 78.90 in extension. |
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| Alternative scenario: |
| Below 74.40 look for further downside with 73.80 & 73.05 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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| Crude Oil (WTI) (N6) intraday: the downside prevails. |
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| Pivot: |
| 99.45 |
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| Our preference: |
| Short positions below 99.45 with targets at 95.46 & 92.90 in extension. |
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| Alternative scenario: |
| Above 99.45 look for further upside with 102.00 & 104.70 as targets. |
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| Comment: |
| The RSI is mixed to bearish. |
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| Dow Jones (CME) (M6) intraday: the upside prevails. |
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| Pivot: |
| 50220 |
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| Our preference: |
| Long positions above 50220 with targets at 51040 & 51400 in extension. |
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| Alternative scenario: |
| Below 50220 look for further downside with 49900 & 49290 as targets. |
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| Comment: |
| The RSI is mixed to bullish. |
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| S&P 500 (CME) (M6) intraday: further advance. |
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| Pivot: |
| 7469 |
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| Our preference: |
| Long positions above 7469 with targets at 7523 & 7550 in extension. |
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| Alternative scenario: |
| Below 7469 look for further downside with 7437 & 7408 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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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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