Essential Market Updates for Today

Market Analysis

EURUSD

EUR/USD Intraday: watch 1.1465.

Pivot:

1.1515

Our preference:

Short positions below 1.1515 with targets at 1.1465 & 1.1445 in extension.

Alternative scenario:

Above 1.1515 look for further upside with 1.1540 & 1.1560 as targets.

Comment:

A break below 1.1465 would trigger a drop towards 1.1445.

USDJPY

USD/JPY Intraday: rebound expected.

Pivot:

153.30

Our preference:

Long positions above 153.30 with targets at 153.85 & 154.10 in extension.

Alternative scenario:

Below 153.30 look for further downside with 153.10 & 152.90 as targets.

Comment:

The RSI calls for a rebound.

GBPUSD

GBP/USD Intraday: the downside prevails.

Pivot:

1.3080

Our preference:

Short positions below 1.3080 with targets at 1.2980 & 1.2950 in extension.

Alternative scenario:

Above 1.3080 look for further upside with 1.3110 & 1.3140 as targets.

Comment:

The break below 1.3080 is a negative signal that has opened a path to 1.2980.

GOLD

Gold Intraday: aim @ 3915.00.

Pivot:

3974.00

Our preference:

Short positions below 3974.00 with targets at 3915.00 & 3886.00 in extension.

Alternative scenario:

Above 3974.00 look for further upside with 4000.00 & 4028.00 as targets.

Comment:

A break below 3915.00 would trigger a drop towards 3886.00.

CRUDE OIL (WTI)

Crude Oil (WTI)‎ (Z5)‎ Intraday: watch 60.00.

Pivot:

60.80

Our preference:

Short positions below 60.80 with targets at 60.00 & 59.75 in extension.

Alternative scenario:

Above 60.80 look for further upside with 61.10 & 61.45 as targets.

Comment:

As long as the resistance at 60.80 is not surpassed, the risk of the break below 60.00 remains high.

NASDAQ 100 (CME)

Nasdaq 100 (CME)‎ (Z5)‎ Intraday: the downside prevails.

Pivot:

25790.00

Our preference:

Short positions below 25790.00 with targets at 25370.00 & 25200.00 in extension.

Alternative scenario:

Above 25790.00 look for further upside with 25890.00 & 26030.00 as targets.

Comment:

The RSI shows downside momentum.

S&P 500 (CME)

S&P 500 (CME)‎ (Z5)‎ Intraday: aim @ 6760.00.

Pivot:

6820.00

Our preference:

Short positions below 6820.00 with targets at 6785.00 & 6760.00 in extension.

Alternative scenario:

Above 6820.00 look for further upside with 6845.00 & 6870.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

DOW JONES (CME)

Dow Jones (CME)‎ (Z5)‎ Intraday: bounce.

Pivot:

47000.00

Our preference:

Long positions above 47000.00 with targets at 47530.00 & 47680.00 in extension.

Alternative scenario:

Below 47000.00 look for further downside with 46770.00 & 46530.00 as targets.

Comment:

The RSI calls for a bounce.