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 : Pivotal moment |
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| Our pivot point is at 1.1583. |
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| Our preference: |
| Our next up target stands at 1.1654 |
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| Alternative scenario: |
| Below 1.1583, expect 1.1560 and 1.1547. |
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| Comment: |
| Price is close to our pivot level; this could be the last opportunity for a reversal. |
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| GBP/USD intraday : Watch 1.3564 |
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| Our pivot point is at 1.3498. |
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| Our preference: |
| The upside prevails as long as 1.3498 is support, with 1.3564 and 1.3579 as targets |
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| Alternative scenario: |
| Below 1.3498, expect 1.3473 and 1.3458. |
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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 1.3519 and 1.3514). |
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| USD/JPY intraday : Pivotal moment |
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| Our pivot point is at 154.09. |
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| Our preference: |
| The downside prevails as long as 154.09 is resistance, with 152.54 and 152.12 as targets |
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| Alternative scenario: |
| Above 154.09, look for 154.79 and 155.21. |
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| Comment: |
| The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal. |
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| Gold intraday : Trend at a crossroads |
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| Our pivot point is at 4,342. |
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| Our preference: |
| The upside prevails as long as 4,342 is support, with 4,464 and 4,495 as targets |
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| Alternative scenario: |
| Below 4,342, expect 4,290 and 4,259. |
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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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| Silver intraday : Risk escalating |
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| Our pivot point is at 63.93. |
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| Our preference: |
| The upside prevails as long as 63.93 is support, with 66.56 and 67.20 as targets |
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| Alternative scenario: |
| Below 63.93, expect 62.87 and 62.23. |
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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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| Crude Oil (WTI) (V6) intraday: under pressure. |
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| Pivot: |
| 100.90 |
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| Our preference: |
| Short positions below 100.90 with targets at 97.08 & 95.40 in extension. |
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| Alternative scenario: |
| Above 100.90 look for further upside with 102.20 & 104.38 as targets. |
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| Comment: |
| The RSI is mixed to bearish. |
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| Dow Jones (CME) (U6) intraday: the upside prevails. |
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| Pivot: |
| 52260 |
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| Our preference: |
| Long positions above 52260 with targets at 52860 & 53150 in extension. |
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| Alternative scenario: |
| Below 52260 look for further downside with 51990 & 51650 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| S&P 500 (CME) (U6) intraday: the bias remains bullish. |
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| Pivot: |
| 7633 |
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| Our preference: |
| Long positions above 7633 with targets at 7691 & 7725 in extension. |
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| Alternative scenario: |
| Below 7633 look for further downside with 7613 & 7585 as targets. |
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| Comment: |
| The RSI is mixed and calls for caution. |
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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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