Daily Pivot Point

Pipsafe Logo
Share this Post :

Daily Pivot Point- EUR/USD Intraday: turning down.
Pivot: 1.1595
Our preference: short positions below 1.1595 with targets at 1.1540 & 1.1515 in extension.
Alternative scenario: above 1.1595 look for further upside with 1.1610 & 1.1630 as targets.
Comment: the RSI shows downside momentum.

Daily Pivot Point

GBP/USD Intraday: intraday support around 1.3130.
Pivot: 1.3130
Our preference: long positions above 1.3130 with targets at 1.3165 & 1.3185 in extension.
Alternative scenario: below 1.3130 look for further downside with 1.3095 & 1.3065 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: turning down.
Pivot: 0.7150
Our preference: short positions below 0.7150 with targets at 0.7095 & 0.7080 in extension.
Alternative scenario: above 0.7150 look for further upside with 0.7165 & 0.7185 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: the bias remains bullish.
Pivot: 1222.5000
Our preference: long positions above 1222.50 with targets at 1230.50 & 1233.50 in extension.
Alternative scenario: below 1222.50 look for further downside with 1219.00 & 1215.50 as targets.
Comment: the next resistances are at 1230.50 and then at 1233.50.

Silver spot Intraday: the bias remains bullish.
Pivot: 14.6200
Our preference: long positions above 14.6200 with targets at 14.7700 & 14.8500 in extension.
Alternative scenario: below 14.6200 look for further downside with 14.5500 & 14.4900 as targets.
Comment: the next resistances are at 14.7700 and then at 14.8500.

Crude Oil (WTI) (X18) Intraday: further advance.
Pivot: 71.3000
Our preference: long positions above 71.30 with targets at 72.70 & 73.20 in extension.
Alternative scenario: below 71.30 look for further downside with 70.85 & 70.50 as targets.
Comment: the RSI shows upside momentum.

Source: HYCM Broker

HYCM Forex Cashback


Categories :
Tags :



LEAVE A COMMENT


Alert Header

Alert Message