Five climb. Three fall. Stay sharp.

MARKET ANALYSIS

USDJPY

USD/JPY intraday : Risk escalating

Our pivot point is at 163.52.

Our preference:

As long as 163.52 is support, look for 164.33

Alternative scenario:

Below 163.52, expect 163.25 and 163.08.

Comment:

Price is almost testing our pivot level; this may be the last chance for a reversal.

EURUSD

EUR/USD intraday : The upside prevails as long as 1.1371 is support

Our pivot point is at 1.1371.

Our preference:

The upside prevails as long as 1.1371 is support, with 1.1418 and 1.1431 as targets

Alternative scenario:

Below 1.1371, expect 1.1348 and 1.1335.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 1.1377 and 1.1380).

GBPUSD

GBP/USD intraday : Pivot threshold in sight

Our pivot point is at 1.3356.

Our preference:

The downside prevails as long as 1.3356 is resistance, with 1.3272 and 1.3251 as targets

Alternative scenario:

Above 1.3356, look for 1.3390 and 1.3411.

Comment:

The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.

CRUDE OIL

Crude Oil (WTI)‎ (U6)‎ intraday: under pressure.

Pivot:

87.80

Our preference:

Short positions below 87.80 with targets at 83.10 & 81.40 in extension.

Alternative scenario:

Above 87.80 look for further upside with 89.00 & 90.50 as targets.

Comment:

The RSI has broken down its 30 level.

GOLD

Gold intraday : The upside prevails as long as 4,060 is support

Our pivot point is at 4,060.

Our preference:

The upside prevails as long as 4,060 is support, with 4,127 and 4,145 as targets

Alternative scenario:

Below 4,060, expect 4,030 and 4,013.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,066 and 4,053).

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: bounce.

Pivot:

52090

Our preference:

Long positions above 52090 with targets at 52720 & 52960 in extension.

Alternative scenario:

Below 52090 look for further downside with 51880 & 51720 as targets.

Comment:

The RSI is bullish and calls for further upside.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: rebound in sight.

Pivot:

28400

Our preference:

Long positions above 28400 with targets at 28900 & 29120 in extension.

Alternative scenario:

Below 28400 look for further downside with 28212 & 28070 as targets.

Comment:

The RSI shows upside momentum.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: rebound.

Pivot:

7460

Our preference:

Long positions above 7460 with targets at 7563 & 7590 in extension.

Alternative scenario:

Below 7460 look for further downside with 7435 & 7412 as targets.

Comment:

The RSI calls for a bounce.