Daniel_Thompson

Daniel_Thompson

Pivot 4895.00 Our preference Long positions above 4895.00 with targets at 4930.00 & 4946.00 in extension. Alternative scenario Below 4895.00 look for further downside with 4884.00 & 4871.00 as targets. Comment The RSI is mixed with a bullish bias. Supports and resistances 4960.00 4946.00 4930.00 4915.00 Last 4895.00 4884.00 4871.00 Number of...

Daniel_Thompson

Pivot 17655.00 Our preference Long positions above 17655.00 with targets at 17775.00 & 17817.00 in extension. Alternative scenario Below 17655.00 look for further downside with 17618.00 & 17576.00 as targets. Comment A support base at 17655.00 has formed and has allowed for a temporary stabilisation. Supports and...

Daniel_Thompson

Pivot 83.10 Our preference Short positions below 83.10 with targets at 82.30 & 81.80 in extension. Alternative scenario Above 83.10 look for further upside with 83.60 & 84.00 as targets. Comment As long as the resistance at 83.10 is not surpassed, the risk of the break below 82.30 remains high. Supports and resistances 84.00 83.60 83.10 82.74...

Daniel_Thompson

Pivot 39000.00 Our preference Long positions above 39000.00 with targets at 39210.00 & 39270.00 in extension. Alternative scenario Below 39000.00 look for further downside with 38910.00 & 38840.00 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and...

Daniel_Thompson

Pivot 80.75 Our preference Short positions below 80.75 with targets at 79.30 & 78.60 in extension. Alternative scenario Above 80.75 look for further upside with 81.50 & 82.00 as targets. Comment As long as 80.75 is resistance, look for choppy price action with a bearish bias. Supports and resistances 82.00 81.50 80.75 80.14...

Daniel_Thompson

19.0660 is our pivot point. Our preference Rebound. Alternative scenario Below 19.0660, expect 18.9760 and 18.9220. 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 stands above its 20 period moving average (19.1650) but...

Daniel_Thompson

Pivot 18040.00 Our preference Short positions below 18040.00 with targets at 17800.00 & 17710.00 in extension. Alternative scenario Above 18040.00 look for further upside with 18120.00 & 18240.00 as targets. Comment As long as 18040.00 is resistance, look for choppy price action with a bearish bias. Supports and...

Daniel_Thompson

Pivot 77.20 Our preference Long positions above 77.20 with targets at 78.40 & 78.90 in extension. Alternative scenario Below 77.20 look for further downside with 76.80 & 76.35 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 79.70 78.90 78.40 77.77 Last 77.20 76.80 76.35 Number of asterisks represents...

Daniel_Thompson

#WaveAnalysis #AUDJPY broke long-term resistance level 98.40 Likely to rise to resistance level 100.00 AUDJPY currency pair recently broke the major long-term resistance level 98.40 (previous yearly high from 2022 and 2023). The breakout of the resistance level 98.40 should accelerate both of the active impulse waves 3 and (3). Given the multiyear uptrend and...

Daniel_Thompson

Pivot 17600.00 Our preference Short positions below 17600.00 with targets at 17370.00 & 17250.00 in extension. Alternative scenario Above 17600.00 look for further upside with 17670.00 & 17800.00 as targets. Comment The RSI is below its neutrality area at 50% Supports and resistances 17800.00 17670.00 17600.00 17507.00...

Daniel_Thompson

#WaveAnalysis #WTI crude oil reversed from resistance level 78.20 Likely to fall to support level 76.00 WTI crude oil recently reversed down from the key resistance level 78.20 (former support from August, which has been reversing the price from the start of November). The resistance level 78.20 was strengthened by the 38.2% Fibonacci correction of the...

Daniel_Thompson

Pivot 77.35 Our preference Long positions above 77.35 with targets at 78.70 & 79.30 in extension. Alternative scenario Below 77.35 look for further downside with 76.80 & 76.40 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances 80.00 79.30 78.70 77.85...

Daniel_Thompson

Pivot 2011.00 Our preference Long positions above 2011.00 with targets at 2029.00 & 2033.00 in extension 2050.00. Alternative scenario Below 2011.00 look for further downside with 2007.00 & 2002.00 as targets. Comments: Gold recently reversed up from the support level 1980.00 (which formed the daily Morning Star in December), intersecting with the lower...

Daniel_Thompson

Pivot 77.90 Our preference Long positions above 77.90 with targets at 79.75 & 80.00 in extension. Alternative scenario Below 77.90 look for further downside with 77.25 & 76.70 as targets. Comment The break above the resistance at 77.90 triggered an upward acceleration to 79.75. Supports and resistances 80.75 80.00 79.75 78.74...

Daniel_Thompson

Pivot 1998.00 Our preference Long positions above 1998.00 with targets at 2012.00 & 2019.00 in extension. Alternative scenario Below 1998.00 look for further downside with 1993.00 & 1989.00 as targets. Comment The RSI shows upside momentum. Supports and resistances 2029.00 2019.00 2012.00 2005.19 Last 1998.00 1993.00 1989.00 Number of asterisks...

Daniel_Thompson

#WaveAnalysis #WTI crude oil reversed from resistance level 78.00 Likely to fall to support level 74.00 WTI crude oil recently reversed down from the pivotal resistance level 78.00 (former support from August, which has been reversing the price from November), intersecting with by the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward...

Daniel_Thompson

FTSE 100 index falling strongly – Likely to fall to support level 7440.00 FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year). The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci...

Daniel_Thompson

Pivot 77.10 Our preference Long positions above 77.10 with targets at 78.50 & 79.00 in extension. Alternative scenario Below 77.10 look for further downside with 76.60 & 76.10 as targets. Comment The RSI calls for a bounce. Supports and resistances 79.30 79.00 78.50 77.96 Last 77.10 76.60 76.10 Number of asterisks represents the strength of support...