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 : Look for 1.1301 |
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| Our pivot point is at 1.1241. |
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| Our preference: |
| The upside prevails as long as 1.1241 is support, with 1.1301 and 1.1312 as targets |
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| Alternative scenario: |
| Below 1.1241, expect 1.1222 and 1.1211. |
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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 is above its 20 and 50 period moving average (respectively at 1.1254 and 1.1250). |
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| GBP/USD intraday : Watch 1.3279 |
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| Our pivot point is at 1.3205. |
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| Our preference: |
| The upside prevails as long as 1.3205 is support, with 1.3279 and 1.3294 as targets |
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| Alternative scenario: |
| Below 1.3205, expect 1.3179 and 1.3164. |
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| 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 1.3228 and 1.3212). |
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| USD/JPY intraday : Target 156.93 |
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| Our pivot point is at 158.27. |
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| Our preference: |
| The downside prevails as long as 158.27 is resistance, with 156.93 and 156.67 as targets |
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| Alternative scenario: |
| Above 158.27, look for 158.71 and 158.97. |
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| Comment: |
| A break of the next key level will determine the market's next direction. |
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| Gold intraday : Aim at 4,101 |
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| Our pivot point is at 4,202. |
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| Our preference: |
| The downside prevails as long as 4,202 is resistance, with 4,101 and 4,075 as targets |
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| Alternative scenario: |
| Above 4,202, look for 4,245 and 4,270. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,164 and 4,172). |
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| Silver intraday : Rebound or deeper decline ahead? |
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| Our pivot point is at 62.31. |
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| Our preference: |
| The downside prevails as long as 62.31 is resistance, with 59.78 and 59.14 as targets |
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| Alternative scenario: |
| Above 62.31, look for 63.39 and 64.03. |
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| 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. |
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| Crude Oil (WTI) (X6) intraday: watch 93.70. |
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| Pivot: |
| 88.00 |
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| Our preference: |
| Long positions above 88.00 with targets at 93.70 & 96.00 in extension. |
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| Alternative scenario: |
| Below 88.00 look for further downside with 86.00 & 85.00 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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| Dow Jones (CME) (Z6) intraday: turning up. |
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| Pivot: |
| 51200 |
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| Our preference: |
| Long positions above 51200 with targets at 52000 & 52300 in extension. |
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| Alternative scenario: |
| Below 51200 look for further downside with 50980 & 50860 as targets. |
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| Comment: |
| The RSI is mixed. |
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| S&P 500 (CME) (Z6) intraday: rebound in sight. |
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| Pivot: |
| 7750 |
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| Our preference: |
| Long positions above 7750 with targets at 7810 & 7825 in extension. |
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| Alternative scenario: |
| Below 7750 look for further downside with 7725 & 7705 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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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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