WELCOME TO SVFX (Technical Signals for intraday)
Ø Gold: bullish bias with Pivot: 1112
Our preference: Long positions above 1112 with targets @ 1127 & 1135 in extension.
Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets.
Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.
Key Levels:
1145
1135
1127
1120 Last
1112
1102
1093.7
Our preference: Long positions above 1112 with targets @ 1127 & 1135 in extension.
Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets.
Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.
Key Levels:
1145
1135
1127
1120 Last
1112
1102
1093.7
Ø Silver: caution Pivot point 15.15
Our preference: Long positions above 15.15 with targets @ 15.32 & 15.41 in extension.
Alternative scenario: Below 15.15 look for further downside with 15 & 14.85 as targets.
Comment: Intraday technical indicators are mixed and call for caution.
Key Levels:15.5
15.41
15.32
15.2 Last
15.15
15
14.85
15.41
15.32
15.2 Last
15.15
15
14.85
Ø Crude Oil (WTI) under pressure Pivot Point 42.7
Our preference: Short positions below 42.7 with targets @ 41.33 & 40.9 in extension.
Alternative scenario: Above 42.7 look for further upside with 43 & 43.85 as targets.
Comment: As long as 42.7 is resistance, likely decline to 41.33.
Key Levels:43.85
43
42.7
41.6 Last
41.33
40.9
40.4
Our preference: Short positions below 42.7 with targets @ 41.33 & 40.9 in extension.
Alternative scenario: Above 42.7 look for further upside with 43 & 43.85 as targets.
Comment: As long as 42.7 is resistance, likely decline to 41.33.
Key Levels:43.85
43
42.7
41.6 Last
41.33
40.9
40.4
Ø EUR/USD the downside prevails with Pivot: 1.1125
Our preference: Short positions below 1.1125 with targets @ 1.103 & 1.098 in extension.
Alternative scenario: Above 1.1125 look for further upside with 1.1165 & 1.119 as targets.
Comment: The RSI is mixed to bearish.
Alternative scenario: Above 1.1125 look for further upside with 1.1165 & 1.119 as targets.
Comment: The RSI is mixed to bearish.
Key Levels:
1.119 ***
1.1165 ***
1.1125 ***
1.1065 Last
1.103 **
1.098 ***
1.094 ***
1.119 ***
1.1165 ***
1.1125 ***
1.1065 Last
1.103 **
1.098 ***
1.094 ***
GBP/USD the upside prevails with Pivot: 1.5615
Our preference: Long positions above 1.5615 with targets @ 1.5735 & 1.577 in extension.
Alternative scenario: Below 1.5615 look for further downside with 1.5575 & 1.554 as targets.
Comment: The RSI is well directed.
Key Levels:1.5805 ***
1.577 **
1.5735 **
1.5698 Last
1.5615 ***
1.5575 ***
1.554 ***
Ø USD/JPY key resistance with Pivot: 124.6
Our preference: Short positions below 124.6 with targets @ 124 & 123.75 in extension.
Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets.
Comment: The RSI is mixed to bearish.
Key Levels:125.3 ***
125 ***
124.6 ***
124.2725 Last
124 ***
123.75 ***
123.5 **
125 ***
124.6 ***
124.2725 Last
124 ***
123.75 ***
123.5 **
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