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 : First target, continuation or consolidation? |
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| Our pivot point is at 1.1481. |
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| Our preference: |
| The upside prevails as long as 1.1481 is support, with 1.1543 and 1.1557 as targets |
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| Alternative scenario: |
| Below 1.1481, expect 1.1459 and 1.1445. |
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| Comment: |
| With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside. |
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| GBP/USD intraday : The upside prevails as long as 1.3453 is support |
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| Our pivot point is at 1.3453. |
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| Our preference: |
| The upside prevails as long as 1.3453 is support, with 1.3529 and 1.3550 as targets |
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| Alternative scenario: |
| Below 1.3453, expect 1.3418 and 1.3397. |
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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. The price is above its 20 and 50 period moving average (respectively at 1.3451 and 1.3454). |
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| USD/JPY intraday : Key support level approaches |
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| Our pivot point is at 160.51. |
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| Our preference: |
| The downside prevails as long as 160.51 is resistance, with 158.23 and 158.07 as targets |
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| Alternative scenario: |
| Above 160.51, look for 160.79 and 160.96. |
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| Comment: |
| The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower. |
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| Gold intraday : 4,011 expected |
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| Our pivot point is at 4,093. |
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| Our preference: |
| The downside prevails as long as 4,093 is resistance, with 4,011 and 3,989 as targets |
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| Alternative scenario: |
| Above 4,093, look for 4,130 and 4,152. |
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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 above its 20 period moving average (4,048) but below its 50 period moving average (4,072). |
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| Silver intraday : 56.78 in sight |
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| Our pivot point is at 59.00. |
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| Our preference: |
| The downside prevails as long as 59.00 is resistance, with 56.78 and 56.16 as targets |
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| Alternative scenario: |
| Above 59.00, look for 60.04 and 60.65. |
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| Comment: |
| The MACD is above its signal line and negative. The price stands above its 20 period moving average (57.68) but below its 50 period moving average (58.28). |
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| Crude Oil (WTI) (U6) intraday: bullish bias above 83.00. |
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| Pivot: |
| 83.00 |
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| Our preference: |
| Long positions above 83.00 with targets at 86.43 & 88.10 in extension. |
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| Alternative scenario: |
| Below 83.00 look for further downside with 81.60 & 80.50 as targets. |
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| Comment: |
| The RSI is mixed with a bullish bias. |
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| Dow Jones (CME) (U6) intraday: turning up. |
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| Pivot: |
| 52300 |
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| Our preference: |
| Long positions above 52300 with targets at 52830 & 53080 in extension. |
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| Alternative scenario: |
| Below 52300 look for further downside with 52120 & 51880 as targets. |
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| Comment: |
| The RSI advocates for further upside. |
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| S&P 500 (CME) (U6) intraday: further advance. |
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| Pivot: |
| 7480 |
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| Our preference: |
| Long positions above 7480 with targets at 7562 & 7586 in extension. |
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| Alternative scenario: |
| Below 7480 look for further downside with 7427 & 7390 as targets. |
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| Comment: |
| The RSI is bullish and calls for further upside. |
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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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