Seven green. One red. Momentum builds.

MARKET ANALYSIS

USDJPY

USD/JPY intraday : 164.12 expected

Our pivot point is at 163.49.

Our preference:

The upside prevails as long as 163.49 is support, with 164.12 and 164.28 as targets

Alternative scenario:

Below 163.49, expect 163.21 and 163.05.

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 163.81 and 163.80).

EURUSD

EUR/USD intraday : Look for 1.1414

Our pivot point is at 1.1358.

Our preference:

The upside prevails as long as 1.1358 is support, with 1.1414 and 1.1427 as targets

Alternative scenario:

Below 1.1358, expect 1.1335 and 1.1322.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is below its 20 period moving average (1.1389) but above its 50 period moving average (1.1377).

GBPUSD

GBP/USD intraday : Risk escalating

Our pivot point is at 1.3276.

Our preference:

The upside prevails as long as 1.3276 is support, with 1.3353 and 1.3373 as targets

Alternative scenario:

Below 1.3276, expect 1.3241 and 1.3220.

Comment:

The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

CRUDE OIL

Crude Oil (WTI)‎ (U6)‎ intraday: rebound.

Pivot:79.90

Our preference:

Long positions above 79.90 with targets at 83.30 & 84.50 in extension.

Alternative scenario:

Below 79.90 look for further downside with 78.90 & 77.80 as targets.

Comment:

The next resistances are at 83.30 and then at 84.50.

GOLD

Gold intraday : Expect 3,982

Our pivot point is at 4,052.

Our preference:

The downside prevails as long as 4,052 is resistance, with 3,982 and 3,965 as targets

Alternative scenario:

Above 4,052, look for 4,081 and 4,099.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,028 and 4,038).

DOW JONES

Dow Jones (CME)‎ (U6)‎ intraday: the upside prevails.

Pivot:52615

Our preference:

Long positions above 52615 with targets at 53170 & 53430 in extension.

Alternative scenario:

Below 52615 look for further downside with 52200 & 52000 as targets.

Comment:

The RSI is above its neutrality area at 50%.

NASDAQ 100

Nasdaq 100 (CME)‎ (U6)‎ intraday: bullish bias above 27600.

Pivot:27600

Our preference:

Long positions above 27600 with targets at 28280 & 28540 in extension.

Alternative scenario:

Below 27600 look for further downside with 27340 & 27100 as targets.

Comment:

The RSI calls for a rebound.

S&P 500

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

Pivot:7449

Our preference:

Long positions above 7449 with targets at 7525 & 7561 in extension.

Alternative scenario:

Below 7449 look for further downside with 7417 & 7390 as targets.

Comment:

The RSI advocates for further upside.