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 : the upside prevails as long as 1.1847 is support |
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| Our pivot point is at 1.1847. |
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| Our preference: |
| The upside prevails as long as 1.1847 is support |
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| Alternative scenario: |
| Below 1.1847, expect 1.1823 and 1.1809. |
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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 1.1867 and 1.1866). |
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| GBP/USD intraday : the upside prevails as long as 1.3609 is support |
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| Our pivot point is at 1.3609. |
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| Our preference: |
| The upside prevails as long as 1.3609 is support |
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| Alternative scenario: |
| Below 1.3609, expect 1.3568 and 1.3543. |
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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 1.3632 and 1.3623). |
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| USD/JPY intraday : the downside prevails as long as 153.27 is resistance |
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| Our pivot point is at 153.27. |
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| Our preference: |
| The downside prevails as long as 153.27 is resistance |
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| Alternative scenario: |
| Above 153.27, look for 153.88 and 154.25. |
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| 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 152.98 and 153.07). |
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| Gold Intraday: further upside. |
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| Pivot: |
| 4985 |
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| Our preference: |
| Long positions above 4985 with targets at 5080 & 5115 in extension. |
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| Alternative scenario: |
| Below 4985 look for further downside with 4915 & 4880 as targets. |
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| Comment: |
| The next resistances are at 5080 and then at 5115. |
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| Silver Intraday: turning down. |
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| Pivot: |
| 79.70 |
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| Our preference: |
| Short positions below 79.70 with targets at 74.40 & 72.30 in extension. |
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| Alternative scenario: |
| Above 79.70 look for further upside with 81.00 & 82.90 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Crude Oil (WTI) (H6) Intraday: the downside prevails. |
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| Pivot: |
| 63.20 |
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| Our preference: |
| Short positions below 63.20 with targets at 61.90 & 61.50 in extension. |
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| Alternative scenario: |
| Above 63.20 look for further upside with 63.80 & 64.30 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Dow Jones (CME) (H6) Intraday: under pressure. |
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| Pivot: |
| 49820 |
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| Our preference: |
| Short positions below 49820 with targets at 49200 & 48960 in extension. |
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| Alternative scenario: |
| Above 49820 look for further upside with 49970 & 50290 as targets. |
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| Comment: |
| Technically the RSI is below its neutrality area at 50. |
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| S&P 500 (CME) (H6) Intraday: turning down. |
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| Pivot: |
| 6895 |
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| Our preference: |
| Short positions below 6895 with targets at 6808 & 6770 in extension. |
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| Alternative scenario: |
| Above 6895 look for further upside with 6933 & 6970 as targets. |
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| Comment: |
| A break below 6808 would trigger a drop towards 6770. |
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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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