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 1.1740 is resistance |
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| Our pivot point is at 1.1740. |
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| Our preference: |
| The downside prevails as long as 1.1740 is resistance |
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| Alternative scenario: |
| Above 1.1740, look for 1.1764 and 1.1778. |
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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 1.1745 and 1.1737). |
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| GBP/USD intraday : the downside prevails as long as 1.3614 is resistance |
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| Our pivot point is at 1.3614. |
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| Our preference: |
| The downside prevails as long as 1.3614 is resistance |
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| Alternative scenario: |
| Above 1.3614, look for 1.3660 and 1.3687. |
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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 1.3608 and 1.3605). |
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| USD/JPY intraday : the upside prevails as long as 156.62 is support |
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| Our pivot point is at 156.62. |
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| Our preference: |
| The upside prevails as long as 156.62 is support |
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| Alternative scenario: |
| Below 156.62, expect 156.19 and 155.93. |
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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 156.79 and 156.82). |
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| Gold Intraday: intraday support around 4606. |
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| Pivot: |
| 4606 |
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| Our preference: |
| Long positions above 4606 with targets at 4665 & 4695 in extension. |
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| Alternative scenario: |
| Below 4606 look for further downside with 4580 & 4560 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% but reversing up. |
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| Silver Intraday: intraday support around 74.90. |
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| Pivot: |
| 74.90 |
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| Our preference: |
| Long positions above 74.90 with targets at 77.00 & 77.80 in extension. |
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| Alternative scenario: |
| Below 74.90 look for further downside with 74.00 & 73.00 as targets. |
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| Comment: |
| The next resistances are at 77.00 and then at 77.80. |
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| Crude Oil (WTI) (M6) Intraday: key resistance at 103.60. |
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| Pivot: |
| 103.60 |
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| Our preference: |
| Short positions below 103.60 with targets at 98.80 & 97.00 in extension. |
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| Alternative scenario: |
| Above 103.60 look for further upside with 106.00 & 108.00 as targets. |
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| Comment: |
| The upward potential is likely to be limited by the resistance at 103.60. |
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| Dow Jones (CME) (M6) Intraday: the downside prevails. |
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| Pivot: |
| 49865 |
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| Our preference: |
| Short positions below 49865 with targets at 49520 & 49410 in extension. |
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| Alternative scenario: |
| Above 49865 look for further upside with 50100 & 50300 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| S&P 500 (CME) (M6) Intraday: intraday support around 7245. |
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| Pivot: |
| 7245 |
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| Our preference: |
| Long positions above 7245 with targets at 7300 & 7320 in extension. |
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| Alternative scenario: |
| Below 7245 look for further downside with 7225 & 7200 as targets. |
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| Comment: |
| The next resistances are at 7300 and then at 7320. |
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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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