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 1.1435 is resistance |
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| Our pivot point is at 1.1435. |
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| Our preference: |
| The downside prevails as long as 1.1435 is resistance |
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| Alternative scenario: |
| Above 1.1435, look for 1.1458 and 1.1472. |
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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 1.1427 and 1.1434). |
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| GBP/USD intraday : the downside prevails as long as 1.3423 is resistance |
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| Our pivot point is at 1.3423. |
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| Our preference: |
| The downside prevails as long as 1.3423 is resistance |
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| Alternative scenario: |
| Above 1.3423, look for 1.3452 and 1.3470. |
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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 1.3414 and 1.3419). |
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| USD/JPY intraday : rebound towards 162.03 |
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| Our pivot point is at 161.54. |
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| Our preference: |
| Rebound towards 162.03 |
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| Alternative scenario: |
| Below 161.54, expect 161.38 and 161.28. |
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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 below its 20 and 50 period moving average (respectively at 161.69 and 161.85). |
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| Gold intraday: turning down. |
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| Pivot: |
| 4115 |
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| Our preference: |
| Short positions below 4115 with targets at 4075 & 4055 in extension. |
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| Alternative scenario: |
| Above 4115 look for further upside with 4138 & 4164 as targets. |
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| Comment: |
| Technically the RSI is below its neutrality area at 50. |
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| Silver intraday: intraday support around 59.40. |
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| Pivot: |
| 59.40 |
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| Our preference: |
| Long positions above 59.40 with targets at 60.50 & 61.00 in extension. |
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| Alternative scenario: |
| Below 59.40 look for further downside with 58.75 & 58.10 as targets. |
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| Comment: |
| A support base at 59.40 has formed and has allowed for a temporary stabilisation. |
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| Crude Oil (WTI) (Q6) intraday: the downside prevails. |
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| Pivot: |
| 72.10 |
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| Our preference: |
| Short positions below 72.10 with targets at 70.10 & 69.40 in extension. |
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| Alternative scenario: |
| Above 72.10 look for further upside with 72.80 & 73.70 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Dow Jones (CME) (U6) intraday: further advance. |
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| Pivot: |
| 52750 |
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| Our preference: |
| Long positions above 52750 with targets at 53075 & 53190 in extension. |
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| Alternative scenario: |
| Below 52750 look for further downside with 52620 & 52490 as targets. |
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| Comment: |
| The RSI is above its neutrality area at 50%. |
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| S&P 500 (CME) (U6) intraday: further upside. |
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| Pivot: |
| 7592 |
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| Our preference: |
| Long positions above 7592 with targets at 7650 & 7675 in extension. |
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| Alternative scenario: |
| Below 7592 look for further downside with 7570 & 7555 as targets. |
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| Comment: |
| The next resistances are at 7650 and then at 7675. |
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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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