Mixed Markets: USDJPY/Gold/Dow/S&P Up; EUR/GBP/Oil/Nasdaq Down

MARKET ANALYSIS

USDJPY

USD/JPY intraday : Aim at 159.43

Our pivot point is at 158.67.

Our preference:

The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets

Alternative scenario:

Below 158.67, expect 158.34 and 158.15.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is below its 20 period moving average (159.13) but above its 50 period moving average (159.05).

EURUSD

EUR/USD intraday : Expect 1.1634

Our pivot point is at 1.1685.

Our preference:

The downside prevails as long as 1.1685 is resistance, with 1.1634 and 1.1621 as targets

Alternative scenario:

Above 1.1685, look for 1.1707 and 1.1720.

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 (1.1664) but below its 50 period moving average (1.1670).

GBPUSD

GBP/USD intraday : Watch 1.3580

Our pivot point is at 1.3657.

Our preference:

The downside prevails as long as 1.3657 is resistance, with 1.3580 and 1.3561 as targets

Alternative scenario:

Above 1.3657, look for 1.3690 and 1.3709.

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 (1.3633) but below its 50 period moving average (1.3638).

CRUDE OIL

Crude Oil (WTI)‎ (V6)‎ intraday: aim @ 83.15.

Pivot:86.25

Our preference:

Short positions below 86.25 with targets at 83.90 & 83.15 in extension.

Alternative scenario:

Above 86.25 look for further upside with 87.65 & 88.40 as targets.

Comment:

The RSI is mixed to bearish.

GOLD

Gold intraday : Aim at 4,741

Our pivot point is at 4,625.

Our preference:

The upside prevails as long as 4,625 is support, with 4,741 and 4,773 as targets

Alternative scenario:

Below 4,625, expect 4,572 and 4,541.

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 4,654 and 4,645).

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: the upside prevails.

Pivot:53200

Our preference:

Long positions above 53200 with targets at 53590 & 53740 in extension.

Alternative scenario:

Below 53200 look for further downside with 53030 & 52810 as targets.

Comment:

The RSI is mixed with a bullish bias.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: aim @ 28950.

Pivot:29290

Our preference:

Short positions below 29290 with targets at 28950 & 28770 in extension.

Alternative scenario:

Above 29290 look for further upside with 29540 & 29760 as targets.

Comment:

The RSI is mixed to bearish.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: intraday support around 7656.

Pivot:7656

Our preference:

Long positions above 7656 with targets at 7718 & 7739 in extension.

Alternative scenario:

Below 7656 look for further downside with 7630 & 7615 as targets.

Comment:

The RSI is mixed with a bullish bias.