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 : 1.1340 in sight |
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| Our pivot point is at 1.1389. |
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| Our preference: |
| The downside prevails as long as 1.1389 is resistance, with 1.1340 and 1.1327 as targets |
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| Alternative scenario: |
| Above 1.1389, look for 1.1412 and 1.1425. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1377 and 1.1380). |
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| GBP/USD intraday : 1.3272 in sight |
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| Our pivot point is at 1.3356. |
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| Our preference: |
| The downside prevails as long as 1.3356 is resistance, with 1.3272 and 1.3251 as targets |
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| Alternative scenario: |
| Above 1.3356, look for 1.3390 and 1.3411. |
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| Comment: |
| The RSI is below its neutrality area at 50. The price is below its 20 period moving average (1.3326) but above its 50 period moving average (1.3322). |
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| USD/JPY intraday : Expect 164.17 |
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| Our pivot point is at 163.52. |
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| Our preference: |
| As long as 163.52 is support, look for 164.33 |
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| Alternative scenario: |
| Below 163.52, expect 163.25 and 163.08. |
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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 163.79 and 163.80). |
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| Gold intraday : Target 4,008 |
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| Our pivot point is at 4,077. |
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| Our preference: |
| The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets |
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| Alternative scenario: |
| Above 4,077, look for 4,106 and 4,124. |
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| Comment: |
| The RSI is below its neutrality area at 50. The price is below its 20 period moving average (4,062) but above its 50 period moving average (4,051). |
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| Silver intraday : Towards 58.96 |
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| Our pivot point is at 57.29. |
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| Our preference: |
| Our next up target stands at 59.28 |
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| Alternative scenario: |
| Below 57.29, expect 56.75 and 56.44. |
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| Comment: |
| The MACD is below its signal line and positive. The price is below its 20 period moving average (58.48) but above its 50 period moving average (58.00). |
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| Crude Oil (WTI) (U6) intraday: the downside prevails. |
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| Pivot: |
| 90.40 |
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| Our preference: |
| Short positions below 90.40 with targets at 87.70 & 86.40 in extension. |
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| Alternative scenario: |
| Above 90.40 look for further upside with 91.20 & 92.30 as targets. |
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| Comment: |
| The upward potential is likely to be limited by the resistance at 90.40. |
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| Dow Jones (CME) (U6) intraday: turning down. |
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| Pivot: |
| 52300 |
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| Our preference: |
| Short positions below 52300 with targets at 51840 & 51720 in extension. |
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| Alternative scenario: |
| Above 52300 look for further upside with 52510 & 52670 as targets. |
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| Comment: |
| A break below 51840 would trigger a drop towards 51720. |
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| S&P 500 (CME) (U6) intraday: turning down. |
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| Pivot: |
| 7465 |
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| Our preference: |
| Short positions below 7465 with targets at 7412 & 7390 in extension. |
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| Alternative scenario: |
| Above 7465 look for further upside with 7495 & 7515 as targets. |
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| Comment: |
| Technically the RSI is below its neutrality area at 50. |
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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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