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 1.1541 is resistance |
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| Our pivot point is at 1.1541. |
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| Our preference: |
| The downside prevails as long as 1.1541 is resistance |
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| Alternative scenario: |
| Above 1.1541, look for 1.1565 and 1.1579. |
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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 1.1525 and 1.1534). |
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| GBP/USD intraday : the downside prevails as long as 1.3236 is resistance |
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| Our pivot point is at 1.3236. |
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| Our preference: |
| The downside prevails as long as 1.3236 is resistance |
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| Alternative scenario: |
| Above 1.3236, look for 1.3276 and 1.3300. |
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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 1.3206 and 1.3221). |
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| USD/JPY intraday : the upside prevails as long as 159.17 is support |
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| Our pivot point is at 159.17. |
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| Our preference: |
| The upside prevails as long as 159.17 is support |
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| Alternative scenario: |
| Below 159.17, expect 158.68 and 158.39. |
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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 159.61 and 159.60). |
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| Gold Intraday: look for 4580. |
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| Pivot: |
| 4695 |
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| Our preference: |
| Short positions below 4695 with targets at 4580 & 4540 in extension. |
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| Alternative scenario: |
| Above 4695 look for further upside with 4750 & 4800 as targets. |
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| Comment: |
| As long as the resistance at 4695 is not surpassed, the risk of the break below 4580 remains high. |
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| Silver Intraday: intraday support around 71.60. |
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| Pivot: |
| 71.60 |
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| Our preference: |
| Long positions above 71.60 with targets at 74.00 & 74.80 in extension. |
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| Alternative scenario: |
| Below 71.60 look for further downside with 70.00 & 68.90 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: the bias remains bullish. |
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| Pivot: |
| 108.70 |
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| Our preference: |
| Long positions above 108.70 with targets at 113.00 & 117.00 in extension. |
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| Alternative scenario: |
| Below 108.70 look for further downside with 106.50 & 103.70 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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| Dow Jones (CME) (M6) Intraday: look for 47050. |
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| Pivot: |
| 46390 |
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| Our preference: |
| Long positions above 46390 with targets at 47050 & 47280 in extension. |
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| Alternative scenario: |
| Below 46390 look for further downside with 46090 & 45730 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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| S&P 500 (CME) (M6) Intraday: the bias remains bullish. |
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| Pivot: |
| 6550 |
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| Our preference: |
| Long positions above 6550 with targets at 6690 & 6720 in extension. |
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| Alternative scenario: |
| Below 6550 look for further downside with 6490 & 6450 as targets. |
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| Comment: |
| The immediate trend remains up and the momentum is strong. |
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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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