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 : the upside prevails as long as 1.1589 is support |
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| Our pivot point is at 1.1589. |
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| Our preference: |
| The upside prevails as long as 1.1589 is support |
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| Alternative scenario: |
| Below 1.1589, expect 1.1565 and 1.1551. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1588 and 1.1598). |
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| GBP/USD intraday : the upside prevails as long as 1.3358 is support |
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| Our pivot point is at 1.3358. |
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| Our preference: |
| The upside prevails as long as 1.3358 is support |
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| Alternative scenario: |
| Below 1.3358, expect 1.3315 and 1.3290. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3372 and 1.3363). |
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| USD/JPY intraday : the upside prevails as long as 157.25 is support |
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| Our pivot point is at 157.25. |
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| Our preference: |
| The upside prevails as long as 157.25 is support |
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| Alternative scenario: |
| Below 157.25, expect 156.57 and 156.17. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is below its 20 period moving average (157.81) but above its 50 period moving average (157.71). |
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| Gold Intraday: the bias remains bullish. |
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| Pivot: |
| 5140 |
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| Our preference: |
| Long positions above 5140 with targets at 5195 & 5210 in extension. |
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| Alternative scenario: |
| Below 5140 look for further downside with 5115 & 5095 as targets. |
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| Comment: |
| The next resistances are at 5195 and then at 5210. |
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| Silver Intraday: turning up. |
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| Pivot: |
| 83.20 |
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| Our preference: |
| Long positions above 83.20 with targets at 85.50 & 86.70 in extension. |
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| Alternative scenario: |
| Below 83.20 look for further downside with 82.10 & 80.80 as targets. |
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| Comment: |
| The next resistances are at 85.50 and then at 86.70. |
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| Crude Oil (WTI) (J6) Intraday: the upside prevails. |
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| Pivot: |
| 89.00 |
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| Our preference: |
| Long positions above 89.00 with targets at 93.00 & 95.00 in extension. |
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| Alternative scenario: |
| Below 89.00 look for further downside with 87.00 & 85.00 as targets. |
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| Comment: |
| The next resistances are at 93.00 and then at 95.00. |
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| Dow Jones (CME) (H6) Intraday: key resistance at 47660. |
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| Pivot: |
| 47660 |
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| Our preference: |
| Short positions below 47660 with targets at 46990 & 46770 in extension. |
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| Alternative scenario: |
| Above 47660 look for further upside with 48100 & 48260 as targets. |
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| Comment: |
| The upward potential is likely to be limited by the resistance at 47660. |
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| S&P 500 (CME) (H6) Intraday: key resistance at 6780. |
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| Pivot: |
| 6780 |
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| Our preference: |
| Short positions below 6780 with targets at 6715 & 6685 in extension. |
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| Alternative scenario: |
| Above 6780 look for further upside with 6820 & 6850 as targets. |
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| Comment: |
| As long as 6780 is resistance, expect a return to 6715. |
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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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