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 downside prevails as long as 1.1534 is resistance |
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| Our pivot point is at 1.1534. |
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| Our preference: |
| The downside prevails as long as 1.1534 is resistance |
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| Alternative scenario: |
| Above 1.1534, look for 1.1557 and 1.1571. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1517 and 1.1526). |
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| GBP/USD intraday : the downside prevails as long as 1.3304 is resistance |
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| Our pivot point is at 1.3304. |
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| Our preference: |
| The downside prevails as long as 1.3304 is resistance |
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| Alternative scenario: |
| Above 1.3304, look for 1.3343 and 1.3366. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3284 and 1.3312). |
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| USD/JPY intraday : the upside prevails as long as 159.78 is support |
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| Our pivot point is at 159.78. |
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| Our preference: |
| The upside prevails as long as 159.78 is support |
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| Alternative scenario: |
| Below 159.78, expect 159.20 and 158.85. |
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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 160.08 and 159.86). |
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| Gold Intraday: the bias remains bullish. |
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| Pivot: |
| 4465 |
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| Our preference: |
| Long positions above 4465 with targets at 4600 & 4635 in extension. |
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| Alternative scenario: |
| Below 4465 look for further downside with 4410 & 4350 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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| Silver Intraday: bullish bias above 69.00. |
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| Pivot: |
| 69.00 |
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| Our preference: |
| Long positions above 69.00 with targets at 72.80 & 74.10 in extension. |
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| Alternative scenario: |
| Below 69.00 look for further downside with 67.40 & 66.05 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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| Crude Oil (WTI) (K6) Intraday: intraday support around 97.00. |
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| Pivot: |
| 97.00 |
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| Our preference: |
| Long positions above 97.00 with targets at 99.40 & 101.60 in extension. |
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| Alternative scenario: |
| Below 97.00 look for further downside with 95.40 & 92.70 as targets. |
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| Comment: |
| The next resistances are at 99.40 and then at 101.60. |
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| Dow Jones (CME) (M6) Intraday: look for 45190. |
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| Pivot: |
| 46000 |
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| Our preference: |
| Short positions below 46000 with targets at 45190 & 44970 in extension. |
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| Alternative scenario: |
| Above 46000 look for further upside with 46210 & 46490 as targets. |
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| Comment: |
| As long as 46000 is resistance, look for choppy price action with a bearish bias. |
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| S&P 500 (CME) (M6) Intraday: turning down. |
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| Pivot: |
| 6490 |
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| Our preference: |
| Short positions below 6490 with targets at 6380 & 6350 in extension. |
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| Alternative scenario: |
| Above 6490 look for further upside with 6520 & 6565 as targets. |
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| Comment: |
| The RSI has broken down its 30 level. |
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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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