Five climb. Three fall. Stay sharp.

MARKET ANALYSIS

USDJPY

USD/JPY intraday : 158.04 in sight

Our pivot point is at 157.35.

Our preference:

The upside prevails as long as 157.35 is support, with 158.04 and 158.21 as targets

Alternative scenario:

Below 157.35, expect 157.08 and 156.91.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 157.64 and 157.64).

EURUSD

EUR/USD intraday : 1.1494 expected

Our pivot point is at 1.1549.

Our preference:

Target 1.1480

Alternative scenario:

Above 1.1549, look for 1.1572 and 1.1585.

Comment:

Price is moving sideways, but a directional move may be near.

GBPUSD

GBP/USD intraday : Watch 1.3416

Our pivot point is at 1.3486.

Our preference:

The downside prevails as long as 1.3486 is resistance, with 1.3416 and 1.3396 as targets

Alternative scenario:

Above 1.3486, look for 1.3519 and 1.3538.

Comment:

The current technical structure demands that traders preserve the setup and wait for a market resolution.

CRUDE OIL

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

Pivot:78.10

Our preference:

Short positions below 78.10 with targets at 74.45 & 72.60 in extension.

Alternative scenario:

Above 78.10 look for further upside with 79.80 & 82.27 as targets.

Comment:

The RSI shows downside momentum.

GOLD

Gold intraday : 4,111 expected

Our pivot point is at 4,030.

Our preference:

The upside prevails as long as 4,030 is support, with 4,111 and 4,133 as targets

Alternative scenario:

Below 4,030, expect 3,994 and 3,972.

Comment:

The MACD is below its signal line and positive.

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: look for 55060.

Pivot:53800

Our preference:

Long positions above 53800 with targets at 54620 & 55060 in extension.

Alternative scenario:

Below 53800 look for further downside with 53490 & 53100 as targets.

Comment:

The RSI is bullish and calls for further upside.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: bullish bias above 29430.

Pivot:29430

Our preference:

Long positions above 29430 with targets at 30100 & 30520 in extension.

Alternative scenario:

Below 29430 look for further downside with 29230 & 28820 as targets.

Comment:

The RSI is mixed to bullish.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: 7890 expected.

Pivot:7710

Our preference:

Long positions above 7710 with targets at 7820 & 7890 in extension.

Alternative scenario:

Below 7710 look for further downside with 7649 & 7568 as targets.

Comment:

The RSI is bullish and calls for further upside.