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 : Look for 1.1452 |
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| Our pivot point is at 1.1512. |
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| Our preference: |
| The downside prevails as long as 1.1512 is resistance, with 1.1452 and 1.1442 as targets |
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| Alternative scenario: |
| Above 1.1512, look for 1.1527 and 1.1537. |
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| Comment: |
| The next trend direction will be confirmed by key price levels. |
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| GBP/USD intraday : Watch 1.3417 |
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| Our pivot point is at 1.3371. |
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| Our preference: |
| The upside prevails as long as 1.3371 is support, with 1.3417 and 1.3429 as targets |
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| Alternative scenario: |
| Below 1.3371, expect 1.3351 and 1.3338. |
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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 1.3367 and 1.3364). |
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| USD/JPY intraday : Rebound or deeper decline ahead? |
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| Our pivot point is at 157.95. |
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| Our preference: |
| Target 155.84 |
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| Alternative scenario: |
| Above 157.95, look for 158.54 and 158.89. |
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| Comment: |
| Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall. |
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| Gold intraday : Towards 4,458 |
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| Our pivot point is at 4,348. |
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| Our preference: |
| The upside prevails as long as 4,348 is support, with 4,458 and 4,490 as targets |
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| Alternative scenario: |
| Below 4,348, expect 4,296 and 4,264. |
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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 4,372 and 4,365). |
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| Silver intraday : Trend at a crossroads |
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| Our pivot point is at 66.13. |
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| Our preference: |
| The upside prevails as long as 66.13 is support, with 68.75 and 69.46 as targets |
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| Alternative scenario: |
| Below 66.13, expect 64.94 and 64.23. |
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| Comment: |
| Price is almost testing our pivot level; this may be the last chance for a reversal. |
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| Crude Oil (WTI) (X6) intraday: consolidation in place. |
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| Pivot: |
| 97.95 |
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| Our preference: |
| Short positions below 97.95 with targets at 94.65 & 93.30 in extension. |
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| Alternative scenario: |
| Above 97.95 look for further upside with 99.50 & 101.60 as targets. |
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| Comment: |
| A break below 94.65 would trigger a drop towards 93.30. |
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| Dow Jones (CME) (Z6) intraday: key resistance at 52370. |
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| Pivot: |
| 52370 |
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| Our preference: |
| Short positions below 52370 with targets at 51830 & 51600 in extension. |
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| Alternative scenario: |
| Above 52370 look for further upside with 52700 & 53030 as targets. |
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| Comment: |
| The RSI is mixed with a bearish bias. |
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| S&P 500 (CME) (Z6) intraday: the bias remains bullish. |
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| Pivot: |
| 7675 |
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| Our preference: |
| Long positions above 7675 with targets at 7750 & 7792 in extension. |
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| Alternative scenario: |
| Below 7675 look for further downside with 7648 & 7621 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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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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