EUR/USD Intraday: the bias remains bullish.
Pivot:
1.1255
Our preference:
long positions above 1.1255 with targets at 1.1285 & 1.1305 in extension.
Alternative scenario:
below 1.1255 look for further downside with 1.1240 & 1.1225 as targets.
Comment:
the RSI is mixed to bullish.
GBP/USD Intraday: bullish bias above 1.2550.
Pivot:
1.2550
Our preference:
long positions above 1.2550 with targets at 1.2590 & 1.2615 in extension.
Alternative scenario:
below 1.2550 look for further downside with 1.2520 & 1.2490 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.7010
Our preference:
long positions above 0.7010 with targets at 0.7045 & 0.7060 in extension.
Alternative scenario:
below 0.7010 look for further downside with 0.6995 & 0.6980 as targets.
Comment:
the RSI shows upside momentum.
Gold spot Intraday: caution.
Pivot:
1409.00
Our preference:
long positions above 1409.00 with targets at 1419.00 & 1424.00 in extension.
Alternative scenario:
below 1409.00 look for further downside with 1405.00 & 1400.50 as targets.
Comment:
intraday technical indicators are mixed and call for caution.
Silver spot Intraday: supported by a rising trend line.
Pivot:
15.1500
Our preference:
long positions above 15.1500 with targets at 15.2500 & 15.3000 in extension.
Alternative scenario:
below 15.1500 look for further downside with 15.0700 & 15.0200 as targets.
Comment:
the RSI is mixed to bullish.
Crude Oil (WTI) (Q9) Intraday: capped by a negative trend line.
Pivot:
60.60
Our preference:
short positions below 60.60 with targets at 59.30 & 58.90 in extension.
Alternative scenario:
above 60.60 look for further upside with 60.95 & 61.40 as targets.
Comment:
the RSI is bearish and calls for further decline. Crude Oil is trading below both 20-period and 50-period moving averages.
Source: HYCM Forex Broker
Categories :
Tags : Pivot point
