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.
|
| |
| DAILY NEWS BRIEF - MARKET OUTLOOK |
|
|
|
|
|
|
| |
| |
| 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. |
| |
|
|
|
|
|
|
|
| |
| |
 |
|
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
|
| |
|
|
|
|
|
|
| |
| EUR/USD intraday : 1.1591 expected |
| |
|
| Our pivot point is at 1.1533. |
| |
| Our preference: |
| The upside prevails as long as 1.1533 is support, with 1.1591 and 1.1605 as targets |
| |
| Alternative scenario: |
| Below 1.1533, expect 1.1510 and 1.1496. |
| |
| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.1552 and 1.1534). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| GBP/USD intraday : Watch 1.3539 |
| |
|
| Our pivot point is at 1.3458. |
| |
| Our preference: |
| The upside prevails as long as 1.3458 is support, with 1.3539 and 1.3558 as targets |
| |
| Alternative scenario: |
| Below 1.3458, expect 1.3425 and 1.3406. |
| |
| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.3480 and 1.3463). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| USD/JPY intraday : Watching for a Trigger Below Support |
| |
|
| Our pivot point is at 158.20. |
| |
| Our preference: |
| The downside prevails as long as 158.20 is resistance, with 157.35 and 157.18 as targets |
| |
| Alternative scenario: |
| Above 158.20, look for 158.47 and 158.64. |
| |
| Comment: |
| Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Gold intraday : Throwback or further upside? |
| |
|
| Our pivot point is at 4,287. |
| |
| Our preference: |
| The upside prevails as long as 4,287 is support, with 4,374 and 4,397 as targets |
| |
| Alternative scenario: |
| Below 4,287, expect 4,248 and 4,225. |
| |
| Comment: |
| The chart structure suggests the instrument is coiling ahead of a potentially significant move. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Silver intraday : On the edge of pivot level |
| |
|
| Our pivot point is at 63.14. |
| |
| Our preference: |
| The upside prevails as long as 63.14 is support, with 65.79 and 66.47 as targets |
| |
| Alternative scenario: |
| Below 63.14, expect 62.00 and 61.32. |
| |
| Comment: |
| The price is dangerously moving towards our pivot, one of the final opportunities for a reversal. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Crude Oil (WTI) (U6) intraday: choppy. |
| |
| Pivot: |
| 76.50 |
| |
| Our preference: |
| Long positions above 76.50 with targets at 78.70 & 79.90 in extension. |
| |
| Alternative scenario: |
| Below 76.50 look for further downside with 75.60 & 74.20 as targets. |
| |
| Comment: |
| The RSI calls for a bounce. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Dow Jones (CME) (U6) intraday: bullish bias above 53800. |
| |
| Pivot: |
| 53800 |
| |
| Our preference: |
| Long positions above 53800 with targets at 54230 & 54440 in extension. |
| |
| Alternative scenario: |
| Below 53800 look for further downside with 53490 & 53100 as targets. |
| |
| Comment: |
| The RSI calls for a new upleg. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| S&P 500 (CME) (U6) intraday: bullish bias above 7725. |
| |
| Pivot: |
| 7725 |
| |
| Our preference: |
| Long positions above 7725 with targets at 7820 & 7890 in extension. |
| |
| Alternative scenario: |
| Below 7725 look for further downside with 7649 & 7568 as targets. |
| |
| Comment: |
| The RSI advocates for further advance. |
| |
 |
| |
|
|
| |
|
|
|
|
|
|
| |
| |
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
|
| |
|
|
|
|
|
