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 1.1543 is support |
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| Our pivot point is at 1.1543. |
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| Our preference: |
| The upside prevails as long as 1.1543 is support |
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| Alternative scenario: |
| Below 1.1543, expect 1.1520 and 1.1506. |
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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 1.1557 and 1.1564). |
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| GBP/USD intraday : rebound towards 1.3406 |
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| Our pivot point is at 1.3309. |
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| Our preference: |
| Rebound towards 1.3406 |
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| Alternative scenario: |
| Below 1.3309, expect 1.3275 and 1.3255. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3343 and 1.3385). |
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| USD/JPY intraday : as long as 158.83 is support look for 160.22 |
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| Our pivot point is at 158.83. |
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| Our preference: |
| As long as 158.83 is support look for 160.22 |
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| Alternative scenario: |
| Below 158.83, expect 158.32 and 158.02. |
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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 could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.08 and 158.56). |
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| Gold Intraday: under pressure. |
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| Pivot: |
| 4635 |
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| Our preference: |
| Short positions below 4635 with targets at 4405 & 4340 in extension. |
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| Alternative scenario: |
| Above 4635 look for further upside with 4737 & 4810 as targets. |
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| Comment: |
| The RSI shows downside momentum. |
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| Silver Intraday: under pressure. |
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| Pivot: |
| 71.30 |
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| Our preference: |
| Short positions below 71.30 with targets at 65.45 & 63.86 in extension. |
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| Alternative scenario: |
| Above 71.30 look for further upside with 75.00 & 77.50 as targets. |
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| Comment: |
| The RSI is bearish and calls for further downside. |
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| Crude Oil (WTI) (K6) Intraday: further advance. |
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| Pivot: |
| 96.00 |
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| Our preference: |
| Long positions above 96.00 with targets at 99.70 & 100.50 in extension. |
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| Alternative scenario: |
| Below 96.00 look for further downside with 94.00 & 91.45 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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| Dow Jones (CME) (M6) Intraday: the downside prevails. |
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| Pivot: |
| 46620 |
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| Our preference: |
| Short positions below 46620 with targets at 45650 & 45300 in extension. |
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| Alternative scenario: |
| Above 46620 look for further upside with 47000 & 47280 as targets. |
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| Comment: |
| The RSI is bearish and calls for further decline. |
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| S&P 500 (CME) (M6) Intraday: key resistance at 6615. |
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| Pivot: |
| 6615 |
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| Our preference: |
| Short positions below 6615 with targets at 6523 & 6475 in extension. |
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| Alternative scenario: |
| Above 6615 look for further upside with 6691 & 6760 as targets. |
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| Comment: |
| As long as 6615 is resistance, look for choppy price action with a bearish bias. |
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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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