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 : Watching for a Trigger Below Support |
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| Our pivot point is at 1.1239. |
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| Our preference: |
| The downside prevails as long as 1.1239 is resistance, with 1.1189 and 1.1177 as targets |
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| Alternative scenario: |
| Above 1.1239, look for 1.1260 and 1.1272. |
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| Comment: |
| With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside. |
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| GBP/USD intraday : Expect 1.3421 |
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| Our pivot point is at 1.3353. |
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| Our preference: |
| The upside prevails as long as 1.3353 is support, with 1.3421 and 1.3437 as targets |
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| Alternative scenario: |
| Below 1.3353, expect 1.3325 and 1.3308. |
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| Comment: |
| The setup is in place, with traders now waiting for a catalyst to activate the next leg of the move. |
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| USD/JPY intraday : Trend at a crossroads |
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| Our pivot point is at 156.95. |
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| Our preference: |
| The downside prevails as long as 156.95 is resistance, with 156.17 and 155.97 as targets |
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| Alternative scenario: |
| Above 156.95, look for 157.29 and 157.49. |
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| Comment: |
| The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend. |
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| Gold intraday : Risk escalating |
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| Our pivot point is at 3,991. |
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| Our preference: |
| Rebound above 3,991 towards 4,075 |
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| Alternative scenario: |
| Below 3,991, expect 3,965 and 3,949. |
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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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| Silver intraday : Aim at 52.82 |
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| Our pivot point is at 54.75. |
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| Our preference: |
| The downside prevails as long as 54.75 is resistance, with 52.82 and 52.30 as targets |
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| Alternative scenario: |
| Above 54.75, look for 55.63 and 56.15. |
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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 (53.94) but below its 50 period moving average (54.11). |
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| Crude Oil (WTI) (Z6) intraday: turning up. |
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| Pivot: |
| 101.30 |
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| Our preference: |
| Long positions above 101.30 with targets at 105.00 & 108.00 in extension. |
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| Alternative scenario: |
| Below 101.30 look for further downside with 98.00 & 95.30 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| Dow Jones (CME) (Z6) intraday: under pressure. |
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| Pivot: |
| 52920 |
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| Our preference: |
| Short positions below 52920 with targets at 52100 & 51700 in extension. |
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| Alternative scenario: |
| Above 52920 look for further upside with 53160 & 53500 as targets. |
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| Comment: |
| The RSI is mixed to bearish. |
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| S&P 500 (CME) (Z6) intraday: under pressure. |
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| Pivot: |
| 7710 |
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| Our preference: |
| Short positions below 7710 with targets at 7650 & 7600 in extension. |
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| Alternative scenario: |
| Above 7710 look for further upside with 7745 & 7772 as targets. |
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| Comment: |
| The RSI is mixed. |
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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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