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.
|
| |
| DAILY NEWS BRIEF - MARKET OUTLOOK |
|
|
|
|
|
|
| |
| |
| 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. |
| |
|
|
|
|
|
|
|
| |
| |
 |
|
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
|
| |
|
|
|
|
|
|
| |
| EUR/USD intraday : 1.1273 in sight |
| |
|
| Our pivot point is at 1.1219. |
| |
| Our preference: |
| The upside prevails as long as 1.1219 is support, with 1.1273 and 1.1285 as targets |
| |
| Alternative scenario: |
| Below 1.1219, expect 1.1199 and 1.1186. |
| |
| Comment: |
| The RSI is above its neutrality area at 50. The price is below its 20 period moving average (1.1244) but above its 50 period moving average (1.1231). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| GBP/USD intraday : Pivot threshold in sight |
| |
|
| Our pivot point is at 1.3341. |
| |
| Our preference: |
| In spite of the current rebound, our pivot threshold at 1.3341 has not been hit and our target remains 1.3268 |
| |
| Alternative scenario: |
| Above 1.3341, look for 1.3367 and 1.3383. |
| |
| Comment: |
| Price is close to our pivot level; this could be the last opportunity for a reversal. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| USD/JPY intraday : Expect 157.58 |
| |
|
| Our pivot point is at 158.59. |
| |
| Our preference: |
| Under pressure below 158.59, with 157.58 and 157.34 as targets |
| |
| Alternative scenario: |
| Above 158.59, look for 158.99 and 159.23. |
| |
| Comment: |
| The RSI is below its neutrality area at 50. The price stands below its 20 and 50 period moving average (respectively at 157.99 and 158.00). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Gold intraday : Target level as a potential turning point |
| |
|
| Our pivot point is at 4,110. |
| |
| Our preference: |
| The upside prevails as long as 4,110 is support, with 4,195 and 4,217 as targets |
| |
| Alternative scenario: |
| Below 4,110, expect 4,073 and 4,051. |
| |
| Comment: |
| With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Silver intraday : Expect 58.29 |
| |
|
| Our pivot point is at 56.31. |
| |
| Our preference: |
| The upside prevails as long as 56.31 is support, with 58.29 and 58.82 as targets |
| |
| Alternative scenario: |
| Below 56.31, expect 55.42 and 54.89. |
| |
| Comment: |
| The current technical structure demands that traders preserve the setup and wait for a market resolution. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Crude Oil (WTI) (Z6) intraday: further advance. |
| |
| Pivot: |
| 96.70 |
| |
| Our preference: |
| Long positions above 96.70 with targets at 100.00 & 102.00 in extension. |
| |
| Alternative scenario: |
| Below 96.70 look for further downside with 94.70 & 93.60 as targets. |
| |
| Comment: |
| The RSI is mixed to bullish. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Dow Jones (CME) (Z6) intraday: the downside prevails. |
| |
| Pivot: |
| 52530 |
| |
| Our preference: |
| Short positions below 52530 with targets at 51900 & 51600 in extension. |
| |
| Alternative scenario: |
| Above 52530 look for further upside with 52820 & 53100 as targets. |
| |
| Comment: |
| The RSI is mixed to bearish. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| S&P 500 (CME) (Z6) intraday: turning down. |
| |
| Pivot: |
| 7810 |
| |
| Our preference: |
| Short positions below 7810 with targets at 7630 & 7560 in extension. |
| |
| Alternative scenario: |
| Above 7810 look for further upside with 7837 & 7875 as targets. |
| |
| Comment: |
| The RSI is mixed to bearish. |
| |
 |
| |
|
|
| |
|
|
|
|
|
|
| |
| |
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
|
| |
|
|
|
|
|
