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 : Towards 1.1641 |
| |
|
| Our pivot point is at 1.1586. |
| |
| Our preference: |
| The upside prevails as long as 1.1586 is support, with 1.1641 and 1.1655 as targets |
| |
| Alternative scenario: |
| Below 1.1586, expect 1.1563 and 1.1550. |
| |
| Comment: |
| The current technical structure demands that traders preserve the setup and wait for a market resolution. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| GBP/USD intraday : Pivot threshold in sight |
| |
|
| Our pivot point is at 1.3498. |
| |
| Our preference: |
| The upside prevails as long as 1.3498 is support, with 1.3572 and 1.3587 as targets |
| |
| Alternative scenario: |
| Below 1.3498, expect 1.3472 and 1.3457. |
| |
| Comment: |
| Price is close to our pivot level; this could be the last opportunity for a reversal. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| USD/JPY intraday : 156.53 expected |
| |
|
| Our pivot point is at 155.73. |
| |
| Our preference: |
| Rebound towards 156.72 |
| |
| Alternative scenario: |
| Below 155.73, expect 155.41 and 155.23. |
| |
| 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 156.11 and 156.07). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Gold intraday : Towards 4,363 |
| |
|
| Our pivot point is at 4,488. |
| |
| Our preference: |
| The downside prevails as long as 4,488 is resistance, with 4,363 and 4,333 as targets |
| |
| Alternative scenario: |
| Above 4,488, look for 4,538 and 4,568. |
| |
| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,439 and 4,460). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Silver intraday : Look for 64.50 |
| |
|
| Our pivot point is at 67.15. |
| |
| Our preference: |
| The downside prevails as long as 67.15 is resistance, with 64.50 and 63.84 as targets |
| |
| Alternative scenario: |
| Above 67.15, look for 68.26 and 68.92. |
| |
| 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 (66.22) but below its 50 period moving average (66.60). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Crude Oil (WTI) (V6) intraday: the bias remains bullish. |
| |
| Pivot: |
| 88.70 |
| |
| Our preference: |
| Long positions above 88.70 with targets at 93.10 & 94.60 in extension. |
| |
| Alternative scenario: |
| Below 88.70 look for further downside with 87.55 & 86.30 as targets. |
| |
| Comment: |
| The RSI calls for a new upleg. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Dow Jones (CME) (U6) intraday: key resistance at 53670. |
| |
| Pivot: |
| 53670 |
| |
| Our preference: |
| Short positions below 53670 with targets at 53260 & 53110 in extension. |
| |
| Alternative scenario: |
| Above 53670 look for further upside with 53830 & 54120 as targets. |
| |
| Comment: |
| The RSI is mixed with a bearish bias. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| S&P 500 (CME) (U6) intraday: the downside prevails. |
| |
| Pivot: |
| 7750 |
| |
| Our preference: |
| Short positions below 7750 with targets at 7690 & 7661 in extension. |
| |
| Alternative scenario: |
| Above 7750 look for further upside with 7760 & 7800 as targets. |
| |
| Comment: |
| The RSI lacks upward momentum. |
| |
 |
| |
|
|
| |
|
|
|
|
|
|
| |
| |
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
|
| |
|
|
|
|
|
