EURUSD may rise 39 - 79 pips Our preference Long positions above 1.0580 with targets at 1.0640 & 1.0680 in extension. Alternative scenario Below 1.0580 look for further downside with 1.0555 & 1.0530 as targets. Comment Technically the RSI is above its neutrality area at 50.
Gold may rise to 1910 - 1920 Our preference Long positions above 1883.00 with targets at 1910.00 & 1920.00 in extension. Alternative scenario Below 1883.00 look for further downside with 1876.00 & 1869.00 as targets.
GBPJPY may rise to 170.17 - 173.55 Our preference As long as 158.04 is support look for 173.55. Alternative scenario Below 158.04, expect 152.40 and 149.04. Comment The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (163.76) but above its 50 period moving...
NZDCHF may fall to 0.6042 - 0.6120 Our preference The downside prevails as long as 0.6433 is resistance. Alternative scenario The upside breakout of 0.6433, would call for 0.6565 and 0.6644. Comment The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both...
NZDCAD may fall to 0.7981 - 0.8073 Our preference The downside prevails as long as 0.8435 is resistance. Alternative scenario Above 0.8435, look for 0.8591 and 0.8683. Comment The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this...
Dax may fall to 13330.00 - 13720.00 Our preference Short positions below 14600.00 with targets at 13720.00 & 13330.00 in extension. Alternative scenario Above 14600.00 look for further upside with 15070.00 & 15740.00 as targets. Comment As long as the resistance at 14600.00 is not surpassed, the risk of the break below 13720.00 remains high.
Bitcoin / USD may fall to 33000 - 36000 Our preference Short positions below 41500 with targets at 36000 & 33000 in extension. Alternative scenario Above 41500 look for further upside with 45000 & 48000 as targets. Comment The RSI lacks upward momentum. Also, the price has broken below a bullish channel lower boundary.
GBP/JPY may rise 96 - 142 pips Our preference The upside prevails as long as 162.39 is support. Alternative scenario Below 162.39, expect 161.62 and 161.17. Comment The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving...
NZD/USD may rise 38 - 54 pips Our preference The upside prevails as long as 0.6501 is support. Alternative scenario The downside breakout of 0.6501 would call for 0.6473 and 0.6457. Comment The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving...
Dow Jones may fall to 34060 - 34350 Pivot point is 34955 Our preference Short positions below 34955 with targets at 34350 & 34060 in extension. Stop loss at 34955 Comment Technically the RSI is below its neutrality area at 50.
NZD/USD may rise 39 - 56 pips Our pivot point stands at 0.6979. Our preference The upside prevails as long as 0.6979 is support. Alternative scenario The downside breakout of 0.6979 would call for 0.6950 and 0.6933. Comment The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a...
NZD/JPY may rise 45 - 66 pips Our pivot point is at 85.70. Our preference The upside prevails as long as 85.70 is support. Alternative scenario The downside breakout of 85.70 would call for 85.35 and 85.15. Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish...
GBP/JPY may rise 101 - 146 pips Our pivot point stands at 160.63. Our preference The upside prevails as long as 160.63 is support. Alternative scenario Below 160.63, expect 159.86 and 159.41. Comment The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period...
FTSE 100 may rise to 7618.00 - 7690.00 Pivot 7318.00 Our preference Long positions above 7318.00 with targets at 7618.00 & 7690.00 in extension. Alternative scenario Below 7318.00 look for further downside with 7190.00 & 7065.00 as targets. Comment The RSI is mixed and calls for caution. Supports and resistances 7814.00 ** 7690.00 ** 7618.00 ** 7543.30...
Bitcoin / Dollar may fall 1612 - 2402 pips 45760 is a pivot point. Our preference The downside prevails as long as 45760 is resistance. Alternative scenario Above 45760, look for 47090 and 47880. Comment The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look...
AUD/CHF may rise 35 - 49 pips Pivot point stands at 0.6889. Our preference Rebound towards 0.6969. Alternative scenario Below 0.6889, expect 0.6866 and 0.6852. Comment The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6922 and...
CAD/CHF may rise 28 - 41 pips Pivot point is at 0.7365. Our preference Rebound. Alternative scenario Below 0.7365, expect 0.7342 and 0.7329. Comment The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period...
Dow Jones may rise to 35540 - 35820 Pivot 34950 Our preference Long positions above 34950 with targets at 35540 & 35820 in extension. Alternative scenario Below 34950 look for further downside with 34550 & 34340 as targets. Comment The RSI is around its neutrality area at 50% Supports and resistances 36000 35820 35540 35295 Last 34950 34550 34340 Number of...