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 : Aim at 1.1420 |
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| Our pivot point is at 1.1381. |
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| Our preference: |
| The upside prevails as long as 1.1381 is support, with 1.1420 and 1.1431 as targets |
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| Alternative scenario: |
| Below 1.1381, expect 1.1363 and 1.1353. |
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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 (1.1398) but above its 50 period moving average (1.1386). |
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| GBP/USD intraday : Throwback or further upside? |
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| Our pivot point is at 1.3214. |
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| Our preference: |
| The upside prevails as long as 1.3214 is support, with 1.3265 and 1.3278 as targets |
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| Alternative scenario: |
| Below 1.3214, expect 1.3192 and 1.3178. |
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| Comment: |
| Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move. |
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| USD/JPY intraday : Expect 156.64 |
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| Our pivot point is at 157.77. |
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| Our preference: |
| The downside prevails as long as 157.77 is resistance, with 156.64 and 156.39 as targets |
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| Alternative scenario: |
| Above 157.77, look for 158.18 and 158.43. |
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| 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 157.39 and 158.07). |
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| Gold intraday : 4,230 in sight |
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| Our pivot point is at 4,333. |
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| Our preference: |
| The downside prevails as long as 4,333 is resistance, with 4,230 and 4,203 as targets |
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| Alternative scenario: |
| Above 4,333, look for 4,378 and 4,404. |
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| Comment: |
| The price is below its 20 period moving average (4,291) but above its 50 period moving average (4,282). |
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| Silver intraday : Expect 66.08 |
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| Our pivot point is at 63.32. |
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| Our preference: |
| The upside prevails as long as 63.32 is support, with 66.08 and 66.74 as targets |
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| Alternative scenario: |
| Below 63.32, expect 62.22 and 61.56. |
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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 (64.45) but above its 50 period moving average (64.06). |
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| Crude Oil (WTI) (X6) intraday: the downside prevails. |
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| Pivot: |
| 94.65 |
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| Our preference: |
| Short positions below 94.65 with targets at 91.25 & 89.75 in extension. |
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| Alternative scenario: |
| Above 94.65 look for further upside with 96.75 & 98.00 as targets. |
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| Comment: |
| The RSI calls for a new upleg. |
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| Dow Jones (CME) (Z6) intraday: further advance. |
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| Pivot: |
| 51977 |
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| Our preference: |
| Long positions above 51977 with targets at 52230 & 52378 in extension. |
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| Alternative scenario: |
| Below 51977 look for further downside with 51835 & 51671 as targets. |
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| Comment: |
| The RSI is mixed. |
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| S&P 500 (CME) (Z6) intraday: further advance. |
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| Pivot: |
| 7764 |
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| Our preference: |
| Long positions above 7764 with targets at 7811 & 7848 in extension. |
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| Alternative scenario: |
| Below 7764 look for further downside with 7740 & 7707 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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