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ST: choppy.

Pivot

2350.00

Our preference

Long positions above 2350.00 with targets at 2480.00 & 2530.00 in extension.

Alternative scenario

Below 2350.00 look for further downside with 2...

Gold may rise to 2480.00 - 2530.00

(U4) Intraday: intraday support around 39170.00.

Pivot

39170.00

Our preference

Long positions above 39170.00 with targets at 39890.00 & 40290.00 in extension.

Alternative scenario

Below...

Dow Jones (CME) may rise to 39890.00 - 40290.00

Intraday: the downside prevails.

Pivot

146.90

Our preference

Short positions below 146.90 with targets at 145.40 & 145.00 in extension.

Alternative scenario

Above 146.90 look for furthe...

USD/JPY may fall 61 - 101 pips

Intraday: watch 0.9410.

Pivot

0.9330

Our preference

Long positions above 0.9330 with targets at 0.9385 & 0.9410 in extension.

Alternative scenario

Below 0.9330 look for further downside...

EUR/CHF may rise 20 - 45 pips

(U4) Intraday: towards 76.25.

Pivot

72.75

Our preference

Long positions above 72.75 with targets at 75.30 & 76.25 in extension.

Alternative scenario

Below 72.75 look for further downsid...

Crude Oil (WTI) may rise to 75.30 - 76.25

Asian stock markets plunged today with the Nikkei selling off heavily (down 13% at the lowest point), while US index futures also traded lower. The markets were under pressure as investors fe...

Weekly Market Analysis for 5th August 2024

Intraday: the bias remains bullish.

Pivot

1.3850

Our preference

Long positions above 1.3850 with targets at 1.3890 & 1.3910 in extension.

Alternative scenario

Below 1.3850 look for furt...

USD/CAD may rise 14 - 34 pips

Intraday: key resistance at 1.0810.

Pivot

1.0810

Our preference

Short positions below 1.0810 with targets at 1.0775 & 1.0755 in extension.

Alternative scenario

Above 1.0810 look for fur...

EUR/USD may fall 21 - 41 pips

(U4) Intraday: intraday support around 40870.00.

Pivot

40870.00

Our preference

Long positions above 40870.00 with targets at 41420.00 & 41610.00 in extension.

Alternative scenario

Below...

Dow Jones (CME) may rise to 41420.00 - 41610.00

Intraday: rebound.

Pivot

1.2820

Our preference

Long positions above 1.2820 with targets at 1.2865 & 1.2885 in extension.

Alternative scenario

Below 1.2820 look for further downside with...

GBP/USD may rise 20 - 40 pips

Intraday: further advance.

Pivot

0.9580

Our preference

Long positions above 0.9580 with targets at 0.9605 & 0.9635 in extension.

Alternative scenario

Below 0.9580 look for further downs...

EUR/CHF may rise 7 - 37 pips

There are a lot of high impact data releases scheduled this week, including the NFP. Traders should be prepared for increases in market volatility, the trading opportunities this presents and...

Weekly Market Analysis 29th July 2024

ST: caution.

Pivot

27.40

Our preference

Long positions above 27.40 with targets at 29.50 & 31.60 in extension.

Alternative scenario

Below 27.40 look for further downside with 26.00 & 24...

Silver may rise to 29.50 - 31.60

Intraday: turning down.

Pivot

1.3830

Our preference

Short positions below 1.3830 with targets at 1.3795 & 1.3780 in extension.

Alternative scenario

Above 1.3830 look for further upside ...

USD/CAD may fall 17 - 32 pips

(U4) Intraday: under pressure.

Pivot

40370.00

Our preference

Short positions below 40370.00 with targets at 39960.00 & 39760.00 in extension.

Alternative scenario

Above 40370.00 look fo...

Dow Jones (CME) may fall to 39760.00 - 39960.00

Intraday: the downside prevails.

Pivot

155.35

Our preference

Short positions below 155.35 with targets at 153.80 & 153.25 in extension.

Alternative scenario

Above 155.35 look for furthe...

USD/JPY may fall 57 - 112 pips

(SEP4) intraday: as long as 2.1100 is support look for 2.3500

Our pivot point stands at 2.1100.

Our preference

As long as 2.1100 is support look for 2.3500.

Alternative scenario

Below 2....

Natural Gas (NYMEX) may rise to 2.3500 - 2.4400

This week promises a flurry of activity for traders, with numerous pivotal economic events and data releases on the agenda. Market volatility is likely to spike, presenting trading opportunit...

Weekly Market Analysis 22nd July 2024

Intraday: caution.

Pivot

1.0875

Our preference

Long positions above 1.0875 with targets at 1.0900 & 1.0915 in extension.

Alternative scenario

Below 1.0875 look for further downside with...

EUR/USD may rise 15 - 30 pips

Intraday: turning up.

Pivot

0.9640

Our preference

Long positions above 0.9640 with targets at 0.9690 & 0.9710 in extension.

Alternative scenario

Below 0.9640 look for further downside w...