Potential bearish into support
Potential bearish into support
Pivot : 115.50 Preference : short positions below 115.50 with targets at 109.75 & 107.40 in extension. Alternative scenario: above 115.50 look for further upside with 118.50 & 121.75 as targets. Comment: the RSI is bearish and calls for further downside. Supports and resistances: 121.75 ** 118.50 *** 115.50 *** 112.50 Last 109.75 ** 107.40 *** 105.50 ***
Pivot : 50.75 Preference : short positions below 50.75 with targets at 47.05 & 45.10 in extension. Alternative scenario: above 50.75 look for further upside with 52.65 & 55.00 as targets. Comment: the RSI has broken down its 30 level. Supports and resistances: 55.00 * 52.65 ** 50.75 *** 48.11 Last 47.05 *** 45.10 ** 42.00 **
Pivot: 1225.00 Preference: short positions below 1225.00 with targets at 1190.00 & 1180.00 in extension. Alternative scenario: above 1225.00 look for further upside with 1245.00 & 1264.00 as targets. Comment: technically the RSI is below its neutrality area at 50. Stochastic oversold area. Supports and resistances: 1264.00 ** 1245.00 ** 1225.00 *** 1207.20...
Pivot: 1225.00 Preference: short positions below 1225.00 with targets at 1190.00 & 1180.00 in extension. Alternative scenario: above 1225.00 look for further upside with 1245.00 & 1264.00 as targets. Comment: technically the RSI is below its neutrality area at 50. Stochastic oversold area. Supports and resistances: 1264.00 ** 1245.00 ** 1225.00 *** 1207.20...
Pivot: 80.00 Preference: long positions above 80.00 with targets at 83.80 & 86.00 in extension. Alternative scenario: below 80.00 look for further downside with 78.90 & 77.50 as targets. Comment: a support base at 80.00 has formed and has allowed for a temporary stabilisation. Supports and resistances: 87.80 86.00 83.80 81.50 Last 80.00 78.90 77.50
Pivot: 116.30 Preference: short positions below 116.30 with targets at 111.50 & 109.75 in extension. Alternative scenario: above 116.30 look for further upside with 118.50 & 121.75 as targets. Comment: the RSI lacks upward momentum. Stochastic Oscillator across 80 area. Supports and resistances: 121.75 ** 118.50 *** 116.30 *** 113.81 Last 111.50 *** 109.75...
Pivot: 1.0850 Preference: short positions below 1.0850 with targets at 1.0350 & 1.0200 in extension. Alternative scenario: above 1.0850 look for further upside with 1.1150 & 1.1300 as targets. Comment: the RSI shows downside momentum. Supports and resistances: 1.1300 ** 1.1150 ** 1.0850 *** 1.0550 Last 1.0350 *** 1.0200 ** 0.9950 **
Pivot: 1.2230 Preference: long positions above 1.2230 with targets at 1.2750 & 1.3075 in extension. Alternative scenario: below 1.2230 look for further downside with 1.1975 & 1.1670 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances: 1.3440 *** 1.3075 * 1.2750...
Hi. This is my current trade. GBPUSD moved sharply lower and the CCI and the Stochastic Oscillator generated sell signals, which suggest further deterioration in the coming days. From today’s point of view, the currency bears pushed GBPUSD lower and the pair declined under the January 31 low. As long as there are no buy signals generated by the indicators,...
Hi. This is my current trade for the next few days. In daily chart crude oil not only hit a double top but there is potential head and shoulders formation. If this is case, suggesting lower price of the crude oil in the coming days. The CCI reversed and the stochastic oscillator re generated a sell signal. I am short into 45,80 with invalidation 56,45. Money...
Preference short @ 0.7157 with targets @ 0.7135 & 0.7105 in extension. Above 0.7175 look for further upside with 0.7205 & 0.7230 as targets. The RSI shows downside momentum. Risk management in priority.
Preference short positions below 1.0915 with targets at 1.0850 & 1.0830 in extension. Above 1.0915 look for further upside with 1.0950 & 1.0985 as targets. The index currently faces a challenging resistance area at 1.0915. Risk management in priority.
Preference short positions below 78.00 with targets at 72.00 & 69.00 in extension. Shooting star candle stick in daily chart suggest a bearish reversal. Invalidation around 75.27. Above 78.00 look for further upside with 80.90 & 83.20 as targets. the RSI lacks upward momentum. Stochastic in overbought. Risk management in priority.
Preference short positions below 1.1005 with targets at 1.0950 & 1.0925 in extension. Above 1.1005 look for further upside with 1.1025 & 1.1040 as targets. The RSI is mixed to bearish. Risk management in priority.
Preference short positions below 113.90 with targets at 113.10 & 112.80 in extension. Above 113.90 look for further upside with 114.15 & 114.70 as targets. The upward potential is likely to be limited by the resistance at 113.90. Risk management in priority.
Preference long positions above 103.75 with targets at 104.40 & 104.65 in extension. Below 103.75 look for further downside with 103.30 & 103.05 as targets. Intraday technical indicators are mixed and call for caution. Risk management in priority.