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 : Trend at a crossroads |
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| Our pivot point is at 1.1668. |
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| Our preference: |
| The upside prevails as long as 1.1668 is support, with 1.1711 and 1.1723 as targets |
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| Alternative scenario: |
| Below 1.1668, expect 1.1649 and 1.1638. |
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| Comment: |
| The price is dangerously moving towards our pivot, one of the final opportunities for a reversal. |
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| GBP/USD intraday : Pivotal moment |
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| Our pivot point is at 1.3657. |
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| Our preference: |
| The downside prevails as long as 1.3657 is resistance, with 1.3580 and 1.3561 as targets |
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| Alternative scenario: |
| Above 1.3657, look for 1.3690 and 1.3709. |
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| Comment: |
| The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory. |
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| USD/JPY intraday : Expect 159.43 |
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| Our pivot point is at 158.67. |
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| Our preference: |
| The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets |
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| Alternative scenario: |
| Below 158.67, expect 158.34 and 158.15. |
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| 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 158.85 and 158.91). |
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| Gold intraday : Target 4,660 |
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| Our pivot point is at 4,571. |
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| Our preference: |
| The upside prevails as long as 4,571 is support, with 4,660 and 4,682 as targets |
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| Alternative scenario: |
| Below 4,571, expect 4,533 and 4,511. |
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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 is above its 20 and 50 period moving average (respectively at 4,603 and 4,563). |
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| Silver intraday : Towards 71.01 |
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| Our pivot point is at 68.28. |
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| Our preference: |
| The upside prevails as long as 68.28 is support, with 71.01 and 71.67 as targets |
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| Alternative scenario: |
| Below 68.28, expect 67.19 and 66.54. |
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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 is below its 20 period moving average (69.55) but above its 50 period moving average (69.00). |
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| Crude Oil (WTI) (V6) intraday: consolidation in place. |
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| Pivot: |
| 85.50 |
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| Our preference: |
| Long positions above 85.50 with targets at 87.65 & 88.40 in extension. |
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| Alternative scenario: |
| Below 85.50 look for further downside with 83.90 & 83.15 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| Dow Jones (CME) (U6) intraday: further advance. |
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| Pivot: |
| 53060 |
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| Our preference: |
| Long positions above 53060 with targets at 53560 & 53740 in extension. |
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| Alternative scenario: |
| Below 53060 look for further downside with 52810 & 52605 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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| S&P 500 (CME) (U6) intraday: the bias remains bullish. |
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| Pivot: |
| 7656 |
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| Our preference: |
| Long positions above 7656 with targets at 7718 & 7739 in extension. |
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| Alternative scenario: |
| Below 7656 look for further downside with 7630 & 7615 as targets. |
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| Comment: |
| The RSI is mixed to bullish. |
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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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