Two climb. Six fall. Stay focused.

MARKET ANALYSIS

USDJPY

USD/JPY intraday : Trend at a crossroads

Our pivot point is at 163.73.

Our preference:

The upside prevails as long as 163.73 is support, with 164.24 and 164.37 as targets

Alternative scenario:

Below 163.73, expect 163.51 and 163.39.

Comment:

Price is close to our pivot level; this could be the last opportunity for a reversal.

EURUSD

EUR/USD intraday : Pivot threshold in sight

Our pivot point is at 1.1392.

Our preference:

The downside prevails as long as 1.1392 is resistance, with 1.1337 and 1.1324 as targets

Alternative scenario:

Above 1.1392, look for 1.1415 and 1.1428.

Comment:

Price is close to our pivot level; this could be the last opportunity for a reversal.

GBPUSD

GBP/USD intraday : Watch 1.3272

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 RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.3319 and 1.3352).

CRUDE OIL

Crude Oil (WTI)‎ (U6)‎ intraday: the bias remains bullish.

Pivot:89.90

Our preference:

Long positions above 89.90 with targets at 95.00 & 97.50 in extension.

Alternative scenario:

Below 89.90 look for further downside with 88.50 & 87.20 as targets.

Comment:

The next resistances are at 95.00 and then at 97.50.

GOLD

Gold intraday : 4,008 expected

Our pivot point is at 4,077.

Our preference:

The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets

Alternative scenario:

Above 4,077, look for 4,106 and 4,124.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (4,050) but below its 50 period moving average (4,086).

DOW JOINES

Dow Jones (CME)‎ (U6)‎ intraday: under pressure.

Pivot:52140

Our preference:

Short positions below 52140 with targets at 51700 & 51480 in extension.

Alternative scenario:

Above 52140 look for further upside with 52300 & 52470 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 52140.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: watch 28210.

Pivot:28950

Our preference:

Short positions below 28950 with targets at 28210 & 27900 in extension.

Alternative scenario:

Above 28950 look for further upside with 29115 & 29260 as targets.

Comment:

The index currently faces a challenging resistance area at 28950.

S&P 500

S&P 500 (CME)‎ (U6)‎ intraday: aim @ 7390.

Pivot:7473

Our preference:

Short positions below 7473 with targets at 7390 & 7365 in extension.

Alternative scenario:

Above 7473 look for further upside with 7495 & 7515 as targets.

Comment:

The index currently faces a challenging resistance area at 7473.