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 upside prevails as long as 1.1765 is support |
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| Our pivot point is at 1.1765. |
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| Our preference: |
| The upside prevails as long as 1.1765 is support |
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| Alternative scenario: |
| Below 1.1765, expect 1.1741 and 1.1727. |
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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 1.1775 and 1.1753). |
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| GBP/USD intraday : as long as 1.3597 is support look for 1.3708 |
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| Our pivot point is at 1.3597. |
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| Our preference: |
| As long as 1.3597 is support look for 1.3708 |
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| Alternative scenario: |
| Below 1.3597, expect 1.3557 and 1.3534. |
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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 could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3622 and 1.3591). |
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| USD/JPY intraday : rebound towards 157.34 |
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| Our pivot point is at 156.38. |
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| Our preference: |
| Rebound towards 157.34 |
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| Alternative scenario: |
| Below 156.38, expect 156.03 and 155.83. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (156.66) but below its 50 period moving average (156.77). |
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| Gold Intraday: bullish bias above 4700. |
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| Pivot: |
| 4700 |
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| Our preference: |
| Long positions above 4700 with targets at 4765 & 4800 in extension. |
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| Alternative scenario: |
| Below 4700 look for further downside with 4680 & 4660 as targets. |
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| Comment: |
| The RSI is around its neutrality area at 50% |
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| Silver Intraday: intraday support around 79.80. |
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| Pivot: |
| 79.80 |
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| Our preference: |
| Long positions above 79.80 with targets at 82.00 & 83.20 in extension. |
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| Alternative scenario: |
| Below 79.80 look for further downside with 78.10 & 76.70 as targets. |
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| Comment: |
| The next resistances are at 82.00 and then at 83.20. |
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| Crude Oil (WTI) (M6) Intraday: the downside prevails. |
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| Pivot: |
| 96.40 |
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| Our preference: |
| Short positions below 96.40 with targets at 91.90 & 89.80 in extension. |
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| Alternative scenario: |
| Above 96.40 look for further upside with 99.00 & 101.40 as targets. |
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| Comment: |
| As long as 96.40 is resistance, likely decline to 91.90. |
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| Dow Jones (CME) (M6) Intraday: turning up. |
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| Pivot: |
| 49580 |
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| Our preference: |
| Long positions above 49580 with targets at 49990 & 50170 in extension. |
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| Alternative scenario: |
| Below 49580 look for further downside with 49460 & 49340 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% but reversing up. |
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| S&P 500 (CME) (M6) Intraday: target 7450. |
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| Pivot: |
| 7390 |
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| Our preference: |
| Long positions above 7390 with targets at 7450 & 7475 in extension. |
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| Alternative scenario: |
| Below 7390 look for further downside with 7370 & 7345 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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