Overview of Today's Financial Markets: Summary and Insights

Market Analysis

USDJPY

USD/JPY Intraday: the upside prevails.

Pivot:

153.60

Our preference:

Long positions above 153.60 with targets at 154.40 & 154.70 in extension.

Alternative scenario:

Below 153.60 look for further downside with 153.20 & 152.80 as targets.

Comment:

The next resistances are at 154.40 and then at 154.70.

EURUSD

EUR/USD Intraday: watch 1.1510.

Pivot:

1.1570

Our preference:

Short positions below 1.1570 with targets at 1.1510 & 1.1490 in extension.

Alternative scenario:

Above 1.1570 look for further upside with 1.1590 & 1.1615 as targets.

Comment:

A break below 1.1510 would trigger a drop towards 1.1490.

GBPUSD

GBP/USD Intraday: key resistance at 1.3165.

Pivot:

1.3165

Our preference:

Short positions below 1.3165 with targets at 1.3115 & 1.3095 in extension.

Alternative scenario:

Above 1.3165 look for further upside with 1.3185 & 1.3205 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.3165.

GOLD

Gold Intraday: under pressure.

Pivot:

4028.00

Our preference:

Short positions below 4028.00 with targets at 3964.00 & 3943.00 in extension.

Alternative scenario:

Above 4028.00 look for further upside with 4045.00 & 4073.00 as targets.

Comment:

The RSI calls for a drop.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (Z5)‎ Intraday: the upside prevails.

Pivot:

60.75

Our preference:

Long positions above 60.75 with targets at 61.95 & 62.40 in extension.

Alternative scenario:

Below 60.75 look for further downside with 60.50 & 60.00 as targets.

Comment:

The RSI shows upside momentum.

NASDAQ 100 (CME)

Nasdaq 100 (CME)‎ (Z5)‎ Intraday: rebound.

Pivot:

25965.00

Our preference:

Long positions above 25965.00 with targets at 26180.00 & 26270.00 in extension.

Alternative scenario:

Below 25965.00 look for further downside with 25885.00 & 25810.00 as targets.

Comment:

The RSI calls for a rebound.

S&P 500 (CME)

S&P 500 (CME)‎ (Z5)‎ Intraday: rebound in sight.

Pivot:

6867.00

Our preference:

Long positions above 6867.00 with targets at 6918.00 & 6932.00 in extension.

Alternative scenario:

Below 6867.00 look for further downside with 6850.00 & 6825.00 as targets.

Comment:

The RSI calls for a bounce.

DOW JONES

Dow Jones (CME)‎ (Z5)‎ Intraday: rebound expected.

Pivot:

47620.00

Our preference:

Long positions above 47620.00 with targets at 47920.00 & 48100.00 in extension.

Alternative scenario:

Below 47620.00 look for further downside with 47490.00 & 47380.00 as targets.

Comment:

The RSI calls for a bounce.