Daily Technical Of All Major Pairs

GBP/USD Intraday: the bias remains bullish.   BACK NEXT   Pivot: 1.3835 Our preference: long positions above 1.3835 with targets at 1.3915 & 1.3945 in extension. Alternative scenario: below 1.3835 look for further downside with 1.3800 & 1.3775 as targets. Comment: the RSI lacks downward momentum. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced AUD/USD Intraday: intraday support around 0.7975.   BACK NEXT   Pivot: 0.7975 Our preference: long positions above 0.7975 with targets at 0.8020 & 0.8040 in extension. Alternative scenario: below 0.7975 look for further downside with 0.7940 & 0.7920 as targets. Comment: the RSI is mixed to bullish. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced USD/CAD Intraday: the upside prevails.   BACK NEXT   Pivot: 1.2460 Our preference: long positions above 1.2460 with targets at 1.2510 & 1.2540 in extension. Alternative scenario: below 1.2460 look for further downside with 1.2435 & 1.2395 as targets. Comment: the RSI is mixed to bullish. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced EUR/GBP Intraday: key resistance at 0.8840.   BACK NEXT   Pivot: 0.8840 Our preference: short positions below 0.8840 with targets at 0.8800 & 0.8790 in extension. Alternative scenario: above 0.8840 look for further upside with 0.8850 & 0.8860 as targets. Comment: the RSI advocates for further downside. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced EUR/JPY Intraday: the upside prevails.   BACK NEXT   Pivot: 135.15 Our preference: long positions above 135.15 with targets at 136.00 & 136.30 in extension. Alternative scenario: below 135.15 look for further downside with 134.80 & 134.35 as targets. Comment: the RSI is mixed with a bullish bias. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced Dow Jones (CME) (H18) Intraday: rebound expected.   BACK NEXT   Pivot: 25840.00 Our preference: long positions above 25840.00 with targets at 26150.00 & 26250.00 in extension. Alternative scenario: below 25840.00 look for further downside with 25680.00 & 25590.00 as targets. Comment: the RSI calls for a rebound. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced Gold spot Intraday: rebound expected.   BACK NEXT   Pivot: 1330.00 Our preference: long positions above 1330.00 with targets at 1338.00 & 1340.50 in extension. Alternative scenario: below 1330.00 look for further downside with 1325.00 & 1322.50 as targets. Comment: a support base at 1330.00 has formed and has allowed for a temporary stabilisation. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced Crude Oil (WTI) (G18) Intraday: the downside prevails.   BACK Pivot: 63.75 Our preference: short positions below 63.75 with targets at 63.05 & 62.85 in extension. Alternative scenario: above 63.75 look for further upside with 64.10 & 64.30 as targets. Comment: as long as 63.75 is resistance, likely decline to 63.05. The prices remain capped by the falling trend line, and is likely to post new weaknesses. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced