Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
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| Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend! |
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| GBP/USD Intraday: bullish bias above 1.2300. |
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| Pivot: |
| 1.2300 |
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| Our preference: |
| Long positions above 1.2300 with targets at 1.2400 & 1.2440 in extension. |
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| Alternative scenario: |
| Below 1.2300 look for further downside with 1.2270 & 1.2240 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| EUR/USD Intraday: the bias remains bullish. |
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| Pivot: |
| 1.0580 |
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| Our preference: |
| Long positions above 1.0580 with targets at 1.0655 & 1.0675 in extension. |
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| Alternative scenario: |
| Below 1.0580 look for further downside with 1.0550 & 1.0525 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| USD/JPY Intraday: key resistance at 136.40. |
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| Pivot: |
| 136.40 |
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| Our preference: |
| Short positions below 136.40 with targets at 134.80 & 134.40 in extension. |
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| Alternative scenario: |
| Above 136.40 look for further upside with 136.85 & 137.35 as targets. |
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| Comment: |
| As long as the resistance at 136.40 is not surpassed, the risk of the break below 134.80 remains high. |
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| USD/CAD Intraday: watch 1.3520. |
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| Pivot: |
| 1.3600 |
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| Our preference: |
| Short positions below 1.3600 with targets at 1.3520 & 1.3495 in extension. |
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| Alternative scenario: |
| Above 1.3600 look for further upside with 1.3630 & 1.3660 as targets. |
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| Comment: |
| A break below 1.3520 would trigger a drop towards 1.3495. |
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| AUD/USD Intraday: consolidation. |
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| Pivot: |
| 0.6820 |
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| Our preference: |
| Long positions above 0.6820 with targets at 0.6870 & 0.6895 in extension. |
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| Alternative scenario: |
| Below 0.6820 look for further downside with 0.6790 & 0.6760 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| NZD/USD intraday: as long as 0.6418 is support look for 0.6535 |
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| Our pivot point stands at 0.6418. |
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| Our preference: |
| As long as 0.6418 is support look for 0.6535. |
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| Alternative scenario: |
| The downside breakout of 0.6418 would call for 0.6375 and 0.6349. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.6470) but above its 50 period moving average (0.6425). |
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| Gold Intraday: the bias remains bullish. |
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| Pivot: |
| 1800.00 |
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| Our preference: |
| Long positions above 1800.00 with targets at 1816.00 & 1824.00 in extension. |
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| Alternative scenario: |
| Below 1800.00 look for further downside with 1795.00 & 1788.00 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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