Forex Market Report

Pipsafe Logo
Share this Post :

Forex Market Report  EUR/USD Intraday: the downside prevails.
Pivot: 1.1485
Our preference: short positions below 1.1485 with targets at 1.1445 & 1.1425 in extension.
Alternative scenario: above 1.1485 look for further upside with 1.1505 & 1.1530 as targets.
Comment: the RSI is mixed to bearish.

Forex Market Report

GBP/USD Intraday: under pressure.
Pivot: 1.3065
Our preference: short positions below 1.3065 with targets at 1.3000 & 1.2960 in extension.
Alternative scenario: above 1.3065 look for further upside with 1.3100 & 1.3130 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: key resistance at 0.7115.
Pivot: 0.7115
Our preference: short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.
Alternative scenario: above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.
Comment: as long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090 remains high.

Gold spot Intraday: further advance.
Pivot: 1223.5000
Our preference: long @ 1227.60 with targets @ 1230.00 & 1233.00 in extension.
Alternative scenario: below 1223.50 look for further downside with 1221.00 & 1218.50 as targets.
Comment: the RSI is mixed to bullish.

Silver spot Intraday: further advance.
Pivot: 14.5100
Our preference: long positions above 14.5100 with targets at 14.6600 & 14.7200 in extension.
Alternative scenario: below 14.5100 look for further downside with 14.4300 & 14.3300 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (X18) Intraday: the bias remains bullish.
Pivot: 68.5000
Our preference: long positions above 68.50 with targets at 69.20 & 69.60 in extension.
Alternative scenario: below 68.50 look for further downside with 68.20 & 67.80 as targets.
Comment: the RSI is mixed with a bullish bias. The RSI has broken above a declining trend line.

HYCM Forex Broker HYCM Forex CASHBACK


Categories :
Tags :



LEAVE A COMMENT


Alert Header

Alert Message