Pivot Point levels – EUR/USD Intraday: key resistance at 1.1300.
Pivot:
1.1300
Our preference:
short positions below 1.1300 with targets at 1.1270 & 1.1255 in extension.
Alternative scenario:
above 1.1300 look for further upside with 1.1315 & 1.1330 as targets.
Comment:
the RSI is below its neutrality area at 50%
GBP/USD Intraday: the downside prevails.
Pivot:
1.2655
Our preference:
short positions below 1.2655 with targets at 1.2620 & 1.2600 in extension.
Alternative scenario:
above 1.2655 look for further upside with 1.2670 & 1.2685 as targets.
Comment:
the RSI calls for a new downleg.
AUD/USD Intraday: rebound.
Pivot:
0.6970
Our preference:
long positions above 0.6970 with targets at 0.6990 & 0.7005 in extension.
Alternative scenario:
below 0.6970 look for further downside with 0.6955 & 0.6940 as targets.
Comment:
the RSI calls for a rebound.
Gold spot Intraday: range.
Pivot:
1396.00
Our preference:
short positions below 1396.00 with targets at 1382.00 & 1373.00 in extension.
Alternative scenario:
above 1396.00 look for further upside with 1405.00 & 1415.00 as targets.
Comment:
a break below 1382.00 would trigger a drop towards 1373.00.
Silver spot Intraday: consolidation in place.
Pivot:
15.2200
Our preference:
short positions below 15.2200 with targets at 15.1000 & 15.0500 in extension.
Alternative scenario:
above 15.2200 look for further upside with 15.2800 & 15.3400 as targets.
Comment:
as long as 15.2200 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (Q9) Intraday: key resistance at 59.30.
Pivot:
59.30
Our preference:
short positions below 59.30 with targets at 58.35 & 57.95 in extension.
Alternative scenario:
above 59.30 look for further upside with 59.75 & 60.25 as targets.
Comment:
technically the RSI is below its neutrality area at 50. As long as 59.30 is not surpassed, look for a return to 58.35
Source: HYCM Forex Broker
Categories :
Tags :
