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 : Towards 1.1589 |
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| Our pivot point is at 1.1539. |
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| Our preference: |
| The upside prevails as long as 1.1539 is support, with 1.1589 and 1.1602 as targets |
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| Alternative scenario: |
| Below 1.1539, expect 1.1519 and 1.1506. |
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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 is below its 20 period moving average (1.1569) but above its 50 period moving average (1.1550). |
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| GBP/USD intraday : 1.3569 in sight |
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| Our pivot point is at 1.3500. |
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| Our preference: |
| The upside prevails as long as 1.3500 is support, with 1.3569 and 1.3589 as targets |
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| Alternative scenario: |
| Below 1.3500, expect 1.3467 and 1.3448. |
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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 is below its 20 period moving average (1.3540) but above its 50 period moving average (1.3514). |
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| USD/JPY intraday : Watch 159.73 |
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| Our pivot point is at 159.03. |
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| Our preference: |
| Our next up target stands at 159.90 |
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| Alternative scenario: |
| Below 159.03, expect 158.74 and 158.56. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 159.16 and 159.30). |
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| Gold intraday : First target, continuation or consolidation? |
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| Our pivot point is at 4,321. |
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| Our preference: |
| Our next up target stands at 4,424 |
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| Alternative scenario: |
| Below 4,321, expect 4,284 and 4,262. |
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| Comment: |
| Price is consolidating just below a key resistance level, setting the stage for an upside attempt. |
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| Silver intraday : Aim at 66.27 |
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| Our pivot point is at 63.90. |
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| Our preference: |
| The upside prevails as long as 63.90 is support, with 66.27 and 66.90 as targets |
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| Alternative scenario: |
| Below 63.90, expect 62.84 and 62.21. |
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| Comment: |
| The MACD is below its signal line and positive. The price is below its 20 period moving average (64.97) but above its 50 period moving average (64.57). |
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| Crude Oil (WTI) (U6) intraday: consolidation in place. |
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| Pivot: |
| 83.20 |
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| Our preference: |
| Short positions below 83.20 with targets at 80.10 & 78.95 in extension. |
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| Alternative scenario: |
| Above 83.20 look for further upside with 84.65 & 86.00 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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| Dow Jones (CME) (U6) intraday: consolidation in place. |
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| Pivot: |
| 53700 |
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| Our preference: |
| Long positions above 53700 with targets at 54140 & 54340 in extension. |
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| Alternative scenario: |
| Below 53700 look for further downside with 53490 & 53340 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| S&P 500 (CME) (U6) intraday: bounce. |
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| Pivot: |
| 7793 |
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| Our preference: |
| Long positions above 7793 with targets at 7838 & 7860 in extension. |
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| Alternative scenario: |
| Below 7793 look for further downside with 7764 & 7738 as targets. |
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| Comment: |
| The RSI calls for a new upleg. |
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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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