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 : Target 1.1121 |
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| Our pivot point is at 1.1169. |
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| Our preference: |
| The downside prevails as long as 1.1169 is resistance, with 1.1121 and 1.1108 as targets |
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| Alternative scenario: |
| Above 1.1169, look for 1.1190 and 1.1202. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1153 and 1.1183). |
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| GBP/USD intraday : Expect 1.3325 |
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| Our pivot point is at 1.3388. |
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| Our preference: |
| The downside prevails as long as 1.3388 is resistance, with 1.3325 and 1.3309 as targets |
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| Alternative scenario: |
| Above 1.3388, look for 1.3416 and 1.3432. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.3369 and 1.3407). |
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| USD/JPY intraday : Watch 158.79 |
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| Our pivot point is at 158.31. |
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| Our preference: |
| The upside prevails as long as 158.31 is support, with 158.79 and 158.92 as targets |
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| Alternative scenario: |
| Below 158.31, expect 158.10 and 157.98. |
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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 158.33 and 158.05). |
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| Gold intraday : 4,007 in sight |
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| Our pivot point is at 4,092. |
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| Our preference: |
| The downside prevails as long as 4,092 is resistance, with 4,007 and 3,986 as targets |
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| Alternative scenario: |
| Above 4,092, look for 4,126 and 4,146. |
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| Comment: |
| The price stands above its 20 period moving average (4,060) but below its 50 period moving average (4,067). |
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| Silver intraday : 50.63 expected |
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| Our pivot point is at 53.20. |
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| Our preference: |
| The downside prevails as long as 53.20 is resistance, with 50.63 and 50.14 as targets |
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| Alternative scenario: |
| Above 53.20, look for 54.04 and 54.54. |
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| Comment: |
| The next trend direction will be confirmed by key price levels. |
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| Crude Oil (WTI) (Z6) intraday: under pressure. |
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| Pivot: |
| 97.00 |
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| Our preference: |
| Short positions below 97.00 with targets at 86.60 & 83.00 in extension. |
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| Alternative scenario: |
| Above 97.00 look for further upside with 100.00 & 102.00 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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| Dow Jones (CME) (Z6) intraday: under pressure. |
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| Pivot: |
| 52630 |
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| Our preference: |
| Short positions below 52630 with targets at 50860 & 49000 in extension. |
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| Alternative scenario: |
| Above 52630 look for further upside with 53180 & 53855 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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| S&P 500 (CME) (Z6) intraday: under pressure. |
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| Pivot: |
| 7580 |
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| Our preference: |
| Short positions below 7580 with targets at 7320 & 7100 in extension. |
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| Alternative scenario: |
| Above 7580 look for further upside with 7652 & 7750 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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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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