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 1.1170 |
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| Our pivot point is at 1.1215. |
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| Our preference: |
| The downside prevails as long as 1.1215 is resistance, with 1.1170 and 1.1158 as targets |
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| Alternative scenario: |
| Above 1.1215, look for 1.1234 and 1.1246. |
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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 above its 20 period moving average (1.1200) but below its 50 period moving average (1.1213). |
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| GBP/USD intraday : Towards 1.3274 |
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| Our pivot point is at 1.3216. |
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| Our preference: |
| The upside prevails as long as 1.3216 is support, with 1.3274 and 1.3289 as targets |
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| Alternative scenario: |
| Below 1.3216, expect 1.3191 and 1.3176. |
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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 1.3229 and 1.3233). |
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| USD/JPY intraday : On the edge of pivot level |
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| Our pivot point is at 158.43. |
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| Our preference: |
| Under pressure below 158.43, with 157.41 and 157.17 as targets |
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| Alternative scenario: |
| Above 158.43, look for 158.84 and 159.08. |
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| Comment: |
| Price is close to our pivot level; this could be the last opportunity for a reversal. |
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| Gold intraday : Watch 4,240 |
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| Our pivot point is at 4,151. |
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| Our preference: |
| The upside prevails as long as 4,151 is support, with 4,240 and 4,264 as targets |
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| Alternative scenario: |
| Below 4,151, expect 4,112 and 4,088. |
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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 above its 20 and 50 period moving average (respectively at 4,188 and 4,173). |
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| Silver intraday : 62.10 in sight |
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| Our pivot point is at 59.97. |
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| Our preference: |
| The upside prevails as long as 59.97 is support, with 62.10 and 62.68 as targets |
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| Alternative scenario: |
| Below 59.97, expect 59.01 and 58.43. |
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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 above its 20 and 50 period moving average (respectively at 60.69 and 60.19). |
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| Crude Oil (WTI) (X6) intraday: the downside prevails. |
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| Pivot: |
| 93.20 |
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| Our preference: |
| Short positions below 93.20 with targets at 89.30 & 88.00 in extension. |
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| Alternative scenario: |
| Above 93.20 look for further upside with 94.50 & 96.00 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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| Dow Jones (CME) (Z6) intraday: further advance. |
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| Pivot: |
| 51615 |
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| Our preference: |
| Long positions above 51615 with targets at 52250 & 52500 in extension. |
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| Alternative scenario: |
| Below 51615 look for further downside with 51210 & 50915 as targets. |
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| Comment: |
| The RSI lacks downward momentum. |
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| S&P 500 (CME) (Z6) intraday: turning up. |
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| Pivot: |
| 7830 |
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| Our preference: |
| Long positions above 7830 with targets at 7900 & 7950 in extension. |
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| Alternative scenario: |
| Below 7830 look for further downside with 7784 & 7750 as targets. |
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| Comment: |
| The RSI is mixed to bullish. |
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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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