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 : the downside prevails as long as 1.1879 is resistance |
| |
|
| Our pivot point is at 1.1879. |
| |
| Our preference: |
| The downside prevails as long as 1.1879 is resistance |
| |
| Alternative scenario: |
| Above 1.1879, look for 1.1903 and 1.1918. |
| |
| 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 1.1895 and 1.1919). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| GBP/USD intraday : the downside prevails as long as 1.3719 is resistance |
| |
|
| Our pivot point is at 1.3719. |
| |
| Our preference: |
| The downside prevails as long as 1.3719 is resistance |
| |
| Alternative scenario: |
| Above 1.3719, look for 1.3750 and 1.3769. |
| |
| 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 1.3728 and 1.3754). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| USD/JPY intraday : the upside prevails as long as 154.32 is support |
| |
|
| Our pivot point is at 154.32. |
| |
| Our preference: |
| The upside prevails as long as 154.32 is support |
| |
| Alternative scenario: |
| Below 154.32, expect 153.97 and 153.75. |
| |
| 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 154.35 and 153.94). |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Gold Intraday: the downside prevails. |
| |
| Pivot: |
| 4960 |
| |
| Our preference: |
| Short positions below 4960 with targets at 4650 & 4570 in extension. |
| |
| Alternative scenario: |
| Above 4960 look for further upside with 5100 & 5185 as targets. |
| |
| Comment: |
| The RSI shows downside momentum. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Silver Intraday: caution. |
| |
| Pivot: |
| 86.90 |
| |
| Our preference: |
| Short positions below 86.90 with targets at 73.60 & 70.00 in extension. |
| |
| Alternative scenario: |
| Above 86.90 look for further upside with 95.90 & 103.80 as targets. |
| |
| Comment: |
| The RSI has broken down its 30 level. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Crude Oil (WTI) (H6) Intraday: turning up. |
| |
| Pivot: |
| 65.00 |
| |
| Our preference: |
| Long positions above 65.00 with targets at 66.50 & 67.20 in extension. |
| |
| Alternative scenario: |
| Below 65.00 look for further downside with 64.00 & 63.30 as targets. |
| |
| Comment: |
| The RSI is above its neutrality area at 50%. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| Dow Jones (CME) (H6) Intraday: key resistance at 49050. |
| |
| Pivot: |
| 49050 |
| |
| Our preference: |
| Short positions below 49050 with targets at 48530 & 48320 in extension. |
| |
| Alternative scenario: |
| Above 49050 look for further upside with 49240 & 49410 as targets. |
| |
| Comment: |
| The upward potential is likely to be limited by the resistance at 49050. |
| |
 |
| |
|
|
| |
| |
| |
|
|
|
|
|
|
| |
| S&P 500 (CME) (H6) Intraday: choppy. |
| |
| Pivot: |
| 6925 |
| |
| Our preference: |
| Long positions above 6925 with targets at 6998 & 7015 in extension. |
| |
| Alternative scenario: |
| Below 6925 look for further downside with 6908 & 6880 as targets. |
| |
| Comment: |
| The RSI is mixed and calls for caution. |
| |
 |
| |
|
|
| |
|
|
|
|
|
|
| |
| |
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
|
| |
|
|
|
|
|
