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 1.1801 is support |
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| Our pivot point is at 1.1801. |
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| Our preference: |
| The upside prevails as long as 1.1801 is support |
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| Alternative scenario: |
| Below 1.1801, expect 1.1777 and 1.1763. |
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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 1.1811 and 1.1797). |
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| GBP/USD intraday : as long as 1.3583 is support look for 1.3688 |
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| Our pivot point is at 1.3583. |
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| Our preference: |
| As long as 1.3583 is support look for 1.3688 |
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| Alternative scenario: |
| Below 1.3583, expect 1.3545 and 1.3523. |
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| 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 1.3604 and 1.3573). |
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| USD/JPY intraday : the upside prevails as long as 156.67 is support |
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| Our pivot point is at 156.67. |
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| Our preference: |
| The upside prevails as long as 156.67 is support |
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| Alternative scenario: |
| Below 156.67, expect 156.13 and 155.81. |
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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 157.04 and 156.93). |
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| Gold Intraday: watch 4980. |
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| Pivot: |
| 4900 |
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| Our preference: |
| Long positions above 4900 with targets at 4980 & 5020 in extension. |
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| Alternative scenario: |
| Below 4900 look for further downside with 4850 & 4800 as targets. |
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| Comment: |
| The next resistances are at 4980 and then at 5020. |
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| Silver Intraday: choppy. |
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| Pivot: |
| 77.55 |
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| Our preference: |
| Short positions below 77.55 with targets at 72.30 & 67.25 in extension. |
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| Alternative scenario: |
| Above 77.55 look for further upside with 80.50 & 83.50 as targets. |
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| Comment: |
| The upward potential is likely to be limited by the resistance at 77.55. |
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| Crude Oil (WTI) (H6) Intraday: the downside prevails. |
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| Pivot: |
| 64.50 |
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| Our preference: |
| Short positions below 64.50 with targets at 62.90 & 62.20 in extension. |
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| Alternative scenario: |
| Above 64.50 look for further upside with 65.20 & 65.90 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: the bias remains bullish. |
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| Pivot: |
| 49750 |
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| Our preference: |
| Long positions above 49750 with targets at 50340 & 50600 in extension. |
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| Alternative scenario: |
| Below 49750 look for further downside with 49470 & 49200 as targets. |
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| Comment: |
| The next resistances are at 50340 and then at 50600. |
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| S&P 500 (CME) (H6) Intraday: aim @ 6965. |
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| Pivot: |
| 6890 |
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| Our preference: |
| Long positions above 6890 with targets at 6965 & 7000 in extension. |
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| Alternative scenario: |
| Below 6890 look for further downside with 6868 & 6810 as targets. |
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| Comment: |
| The next resistances are at 6965 and then at 7000. |
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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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