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 1.1704 is support look for 1.1775 |
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| Our pivot point is at 1.1704. |
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| Our preference: |
| As long as 1.1704 is support look for 1.1775 |
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| Alternative scenario: |
| Below 1.1704, expect 1.1680 and 1.1666. |
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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 below its 20 period moving average (1.1725) but above its 50 period moving average (1.1706). |
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| GBP/USD intraday : as long as 1.3417 is support look for 1.3556 |
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| Our pivot point is at 1.3417. |
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| Our preference: |
| As long as 1.3417 is support look for 1.3556 |
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| Alternative scenario: |
| Below 1.3417, expect 1.3368 and 1.3339. |
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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 1.3461 and 1.3440). |
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| USD/JPY intraday : the upside prevails as long as 158.88 is support |
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| Our pivot point is at 158.88. |
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| Our preference: |
| The upside prevails as long as 158.88 is support |
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| Alternative scenario: |
| Below 158.88, expect 158.39 and 158.11. |
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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 159.22 and 159.19). |
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| Gold Intraday: intraday support around 4730. |
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| Pivot: |
| 4730 |
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| Our preference: |
| Long positions above 4730 with targets at 4800 & 4835 in extension. |
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| Alternative scenario: |
| Below 4730 look for further downside with 4700 & 4670 as targets. |
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| Comment: |
| The next resistances are at 4800 and then at 4835. |
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| Silver Intraday: intraday support around 75.50. |
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| Pivot: |
| 75.50 |
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| Our preference: |
| Long positions above 75.50 with targets at 77.00 & 77.70 in extension. |
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| Alternative scenario: |
| Below 75.50 look for further downside with 74.80 & 74.40 as targets. |
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| Comment: |
| The next resistances are at 77.00 and then at 77.70. |
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| Crude Oil (WTI) (K6) Intraday: turning down. |
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| Pivot: |
| 98.30 |
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| Our preference: |
| Short positions below 98.30 with targets at 94.10 & 91.85 in extension. |
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| Alternative scenario: |
| Above 98.30 look for further upside with 100.30 & 102.70 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Dow Jones (CME) (M6) Intraday: turning down. |
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| Pivot: |
| 48540 |
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| Our preference: |
| Short positions below 48540 with targets at 47840 & 47650 in extension. |
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| Alternative scenario: |
| Above 48540 look for further upside with 48810 & 49020 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| S&P 500 (CME) (M6) Intraday: testing the channel support. |
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| Pivot: |
| 6845 |
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| Our preference: |
| Long positions above 6845 with targets at 6900 & 6930 in extension. |
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| Alternative scenario: |
| Below 6845 look for further downside with 6815 & 6780 as targets. |
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| Comment: |
| A support base at 6845 has formed and has allowed for a temporary stabilisation. |
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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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