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 : as long as 1.1793 is support look for 1.1861 |
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| Our pivot point is at 1.1793. |
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| Our preference: |
| As long as 1.1793 is support look for 1.1861 |
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| Alternative scenario: |
| Below 1.1793, expect 1.1769 and 1.1754. |
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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 could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1812 and 1.1807). |
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| GBP/USD intraday : the upside prevails as long as 1.3437 is support |
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| Our pivot point is at 1.3437. |
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| Our preference: |
| The upside prevails as long as 1.3437 is support |
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| Alternative scenario: |
| Below 1.3437, expect 1.3395 and 1.3369. |
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| 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 1.3466 and 1.3478). |
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| USD/JPY intraday : the upside prevails as long as 155.50 is support |
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| Our pivot point is at 155.50. |
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| Our preference: |
| The upside prevails as long as 155.50 is support |
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| Alternative scenario: |
| Below 155.50, expect 154.83 and 154.43. |
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| 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 156.04 and 155.98). |
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| Gold Intraday: limited upside. |
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| Pivot: |
| 5245 |
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| Our preference: |
| Long positions above 5245 with targets at 5310 & 5345 in extension. |
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| Alternative scenario: |
| Below 5245 look for further downside with 5215 & 5200 as targets. |
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| Comment: |
| Investors have to remain cautious since these levels may trigger profit taking. |
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| Silver Intraday: the bias remains bullish. |
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| Pivot: |
| 91.25 |
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| Our preference: |
| Long positions above 91.25 with targets at 95.65 & 97.55 in extension. |
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| Alternative scenario: |
| Below 91.25 look for further downside with 88.90 & 87.70 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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| Crude Oil (WTI) (J6) Intraday: further advance. |
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| Pivot: |
| 66.60 |
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| Our preference: |
| Long positions above 66.60 with targets at 67.80 & 68.20 in extension. |
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| Alternative scenario: |
| Below 66.60 look for further downside with 66.30 & 65.65 as targets. |
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| Comment: |
| Technically the RSI is above its neutrality area at 50. |
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| Dow Jones (CME) (H6) Intraday: 48510 expected. |
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| Pivot: |
| 49050 |
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| Our preference: |
| Short positions below 49050 with targets at 48510 & 48320 in extension. |
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| Alternative scenario: |
| Above 49050 look for further upside with 49200 & 49400 as targets. |
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| Comment: |
| The immediate trend remains down but the momentum is weak. |
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| S&P 500 (CME) (H6) Intraday: key resistance at 6895. |
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| Pivot: |
| 6895 |
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| Our preference: |
| Short positions below 6895 with targets at 6835 & 6810 in extension. |
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| Alternative scenario: |
| Above 6895 look for further upside with 6925 & 6945 as targets. |
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| Comment: |
| The RSI has just landed on its neutrality area at 50%. |
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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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