EUR/USD intraday: the upside prevails.

Pivot: 1.3735
Preference: Long positions above 1.3735 with targets @ 1.383 & 1.389 in extension.
Alternative scenario: Below 1.3735 look for further downside with 1.369 & 1.364 as targets.
Comment: the pair remains on the upside and is approaching its previous high as the RSI is well directed.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: the downside prevails.

Pivot: 102.95
Preference: Short positions below 102.95 with targets @ 102.35 & 102 in extension.
Alternative scenario: Above 102.95 look for further upside with 103.35 & 103.7 as targets.
Comment: the pair is posting a rebound but stands below its resistance



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the downside prevails.

Pivot: 1.6415
Preference: Short positions below 1.6415 with targets @ 1.635 & 1.632 in extension.
Alternative scenario: Above 1.6415 look for further upside with 1.644 & 1.647 as targets.
Comment: the pair remains under pressure and is challenging its support.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: under pressure.

Pivot: 1.0615
Preference: Short positions below 1.0615 with targets @ 1.0565 & 1.053 in extension.
Alternative scenario: Above 1.0615 look for further upside with 1.0645 & 1.067 as targets.
Comment: the pair is trading in a bearish channel



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: further advance.

Pivot: 0.839
Preference: Long @ 0.84 with targets @ 0.845 & 0.8465 in extension.
Alternative scenario: Below 0.839 look for further downside with 0.837 & 0.8345 as targets.
Comment: the pair stands above its new support and remains on the upside.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD spot intraday: the bias remains bullish.

Pivot: 1242.00
Preference: LONG positions above 1242 with 1279 & 1294 in sight.
Alternative scenario: The downside penetration of 1242 will call for a slide towards 1226 & 1212.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER Spot intraday: the bias remains bullish.

Pivot: 19.85
Preference: LONG positions above 19.85 with 20.5 & 20.85 as next targets.
Alternative scenario: The downside breakout of 19.85 will open the way to 19.25 & 18.85.
Comment: the next resistances are at 20.5 and then at 20.85.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: the bias remains bullish.

Pivot: 99.80.
Preference: LONG positions @ 99.95 with 100.45 & 100.85 as next targets.
Alternative scenario: The downside breakout of 99.8 will open the way to 99.55 & 99.1.
Comment: the pair is pulling back on its support ahead of further advance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the upside prevails.

Pivot: 1.6045.
Preference: LONG positions above 1.6045 with targets @ 1.6165 & 1.6205.
Alternative scenario: The downside breakout of 1.6045 will open the way to 1.6 & 1.5955.
Comment: the pair is pulling back on its support ahead of further advance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: bullish bias above 1.041.

Pivot: 1.041
Preference: Long positions above 1.041 with targets @ 1.0525 & 1.0555 in extension.
Alternative scenario: Below 1.041 look for further downside with 1.036 & 1.031 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8375.
Preference: LONG positions above 0.8375 with targets @ 0.8415 & 0.8445.
Alternative scenario: The downside breakout of 0.8375 will open the way to 0.8355 & 0.8335.
Comment: the pair remains on the upside and is challenging its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: under pressure.

Pivot: 1286.00
Preference: SHORT positions below 1286 with targets @ 1267 & 1261.
Alternative scenario: The upside breakout of 1286 will open the way to 1294 & 1303.
Comment: as long as 1286 is resistance, likely decline to 1267.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the downside prevails.

Pivot: 20.70
Preference: SHORT positions below 20.7 with 20.1 & 19.9 in sight.
Alternative scenario: The upside breakout of 20.7 will open the way to 21 & 21.3.
Comment: as long as 20.7 is resistance, likely decline to 20.1.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: further advance.

Pivot: 1.3485.
Preference: LONG positions @ 1.3495 with 1.354 & 1.3565 in sight.
Alternative scenario: The downside breakout of 1.3485 will open the way to 1.346 & 1.343.
Comment: the pair is facing a pull back on its bullish channel lower boundary ahead of further advance.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 100.15.
Preference: SHORT positions below 100.15 with 99.5 & 99.3 in sight.
Alternative scenario: The upside penetration of 100.15 will call for 100.55 & 100.85.
Comment: the pair has broken below its support and is posting a pull back.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.6080.
Preference: LONG positions @ 1.609 with 1.6165 & 1.6205 as next targets.
Alternative scenario: The downside penetration of 1.608 will call for a slide towards 1.6045 & 1.6.
Comment: the pair is pulling back on its support ahead of further advance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: key ST resistance at 1.046.

Pivot: 1.046
Preference: Short positions below 1.046 with targets @ 1.0395 & 1.036 in extension.
Alternative scenario: Above 1.046 look for further upside with 1.0485 & 1.0525 as targets.
Comment: as long as the resistance at 1.046 is not surpassed, the risk of the break below 1.0395 remains high.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8355.
Preference: LONG positions above 0.8355 with targets @ 0.8415 & 0.8445.
Alternative scenario: The downside breakout of 0.8355 will open the way to 0.8335 & 0.8315.
Comment: the pair stands above its support and remains on the upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1286.00
Preference: SHORT positions below 1286 with 1267 & 1261 in sight.
Alternative scenario: The upside breakout of 1286 will open the way to 1294 & 1303.
Comment: a break below 1267 would trigger a drop towards 1261

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the downside prevails.

Pivot: 20.70
Preference: SHORT positions below 20.7 with 20.1 & 19.9 in sight.
Alternative scenario: The upside breakout of 20.7 will open the way to 21 & 21.3.
Comment: a break below 20.1 would trigger a drop towards 19.9.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the bias remains bullish.

Pivot: 1.3480.
Preference: LONG positions above 1.348 with targets @ 1.3565 & 1.36.
Alternative scenario: The downside penetration of 1.348 will call for a slide towards 1.3445 & 1.341.
Comment: the pair is rebouding above its support and remains on the upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: the bias remains bullish.

Pivot: 98.35.
Preference: LONG positions above 98.35 with targets @ 99 & 99.25.
Alternative scenario: The downside breakout of 98.35 will open the way to 98.05 & 97.75.
Comment: the pair stands above its support and remains supported by a rising trend line.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: intraday support around 1.605

Pivot: 1.6050.
Preference: LONG positions above 1.605 with targets @ 1.612 & 1.6165.
Alternative scenario: The downside breakout of 1.605 will open the way to 1.601 & 1.598.
Comment: the pair stands above its new support and remains on the upside as the RSI is well directed.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: rebound in sight.

Pivot: 1.0395
Preference: Long positions above 1.0395 with targets @ 1.046 & 1.0495 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.036 & 1.0335 as targets.
Comment: the RSI broke above a declining trend line.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: key ST resistance at 0.8425

Pivot: 0.8425.
Preference: SHORT positions below 0.8425 with 0.836 & 0.833 as next targets.
Alternative scenario: The upside penetration of 0.8425 will call for a rebound towards 0.845 & 0.848.
Comment: the pair is rebounding but stands below its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1328.00
Preference: SHORT positions below 1328 with 1303 & 1290 in sight.
Alternative scenario: The upside penetration of 1328 will call for a rebound towards 1337 & 1348.
Comment: a break below 1303 would trigger a drop towards 1290.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the downside prevails.

Pivot: 22.15
Preference: SHORT positions below 22.15 with 21.45 & 21.1 in sight.
Alternative scenario: The upside penetration of 22.15 will call for a rebound towards 22.4 & 22.85.
Comment: as long as 22.15 is resistance, likely decline to 21.45.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: key ST resistance at 1.354

Pivot: 1.3540.
Preference: SHORT positions below 1.354 with 1.3455 & 1.341 in sight.
Alternative scenario: The upside penetration of 1.354 will call for 1.36 & 1.365.
Comment: the pair stands below its resistance and remains under pressure

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 98.70.
Preference: SHORT positions below 98.7 with 98.05 & 97.75 in sight.
Alternative scenario: The upside penetration of 98.7 will call for 99 & 99.3.
Comment: the pair is pulling back on its new resistance ahead of further weakness.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: key ST resistance at 1.6

Pivot: 1.6000.

Preference: SHORT positions below 1.6 with targets @ 1.589 & 1.5845.

Alternative scenario: The upside penetration of 1.6 will call for 1.608 & 1.612.

Comment: the pair stands below its resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: under pressure.

Pivot: 1.045
Preference: Short positions below 1.045 with targets @ 1.0395 & 1.036 in extension.
Alternative scenario: Above 1.045 look for further upside with 1.0495 & 1.054 as targets.
Comment: as long as the resistance at 1.045 is not surpassed, the risk of the break below 1.0395 remains high.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the downside prevails.

Pivot: 0.8480.
Preference: SHORT positions below 0.848 with 0.8445 & 0.842 in sight.
Alternative scenario: The upside penetration of 0.848 will call for 0.851 & 0.8545.
Comment: the pair remains under pressure and is challenging its support.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1328.00
Preference: SHORT positions below 1328 with 1303 & 1290 in sight.
Alternative scenario: The upside penetration of 1328 will call for a rebound towards 1337 & 1348.
Comment: a break below 1303 would trigger a drop towards 1290.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: under pressure.

Pivot: 22.40
Preference: SHORT positions below 22.4 with 21.45 & 21.1 in sight.
Alternative scenario: The upside breakout of 22.4 will open the way to 22.85 & 23.05.
Comment: the RSI is around its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the downside prevails.

Pivot: 1.3600.
Preference: SHORT positions below 1.36 with 1.3515 & 1.3485 in sight.
Alternative scenario: The upside breakout of 1.36 will open the way to 1.365 & 1.369.
Comment: the pair stands below its new resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the downside prevails.

Pivot: 1.6080.
Preference: SHORT positions below 1.608 with 1.5995 & 1.5935 in sight.
Alternative scenario: The upside breakout of 1.608 will open the way to 1.612 & 1.617.
Comment: the pair stands below its resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 98.40.
Preference: SHORT positions below 98.4 with 97.75 & 97.4 in sight.
Alternative scenario: The upside breakout of 98.4 will open the way to 98.7 & 99.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: break of a ST rising trendline support.

Pivot: 1.045
Preference: Short positions below 1.045 with targets @ 1.039 & 1.036 in extension.
Alternative scenario: Above 1.045 look for further upside with 1.0495 & 1.054 as targets.
Comment: the RSI is capped by a bearish trend line.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the downside prevails.

Pivot: 0.8480.
Preference: SHORT positions below 0.848 with 0.8445 & 0.842 as next targets.
Alternative scenario: The upside breakout of 0.848 will open the way to 0.85 & 0.8525.
Comment: the pair remains on the downside and is approaching its support.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: under pressure.

Pivot: 1337.00
Preference: SHORT positions below 1337 with 1310 & 1290 as next targets.
Alternative scenario: The upside breakout of 1337 will open the way to 1348 & 1360.
Comment: as long as 1337 is resistance, likely decline to 1310.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the downside prevails.

Pivot: 22.40
Preference: SHORT positions below 22.4 with targets @ 21.58 & 21.1.
Alternative scenario: The upside breakout of 22.4 will open the way to 22.85 & 23.05.
Comment: the RSI is around its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: intraday support around 1.377

Pivot: 1.3770.
Preference: LONG positions above 1.377 with 1.383 & 1.386 in sight.
Alternative scenario: The downside penetration of 1.377 will call for 1.3735 & 1.37.
Comment: the pair is facing a pull back and is challenging its support.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: the bias remains bullish.

Pivot: 97.40.
Preference: LONG positions above 97.4 with 97.8 & 98 in sight.
Alternative scenario: The downside penetration of 97.4 will call for 97.15 & 96.9.
Comment: the pair is pulling back on its support ahead of a rebound.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the downside prevails.

Pivot: 1.6170.
Preference: SHORT positions below 1.617 with targets @ 1.6055 & 1.6.
Alternative scenario: The upside penetration of 1.617 will call for 1.621 & 1.626.
Comment: the pair has broken below a rising trend line and remains on the downside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: intraday support around 1.0425.

Pivot: 1.0425
Preference: Long positions above 1.0425 with targets @ 1.0465 & 1.049 in extension.
Alternative scenario: Below 1.0425 look for further downside with 1.039 & 1.036 as targets.
Comment: a support base at 1.0425 has formed and has allowed for a temporary stabilisation.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8515.
Preference: LONG positions above 0.8515 with 0.858 & 0.8605 in sight.
Alternative scenario: The downside penetration of 0.8515 will call for 0.85 & 0.848.
Comment: the pair remains on the upside and is challenging its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1341.00
Preference: LONG positions above 1341 with 1362 & 1374 as next targets.
Alternative scenario: The downside penetration of 1341 will call for a slide towards 1328 & 1309.
Comment: the RSI has just landed on its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: under pressure.

Pivot: 22.85
Preference: SHORT positions below 22.85 with 22.25 & 21.95 in sight.
Alternative scenario: The upside penetration of 22.85 will call for 23.4 & 24.1.
Comment: as long as 22.85 is resistance, look for choppy price action with a bearish bias.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the upside prevails.

Pivot: 1.3735.
Preference: LONG positions above 1.3735 with 1.383 & 1.389 as next targets.
Alternative scenario: The downside penetration of 1.3735 will call for 1.37 & 1.3645.
Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 97.50.
Preference: SHORT positions below 97.5 with 96.8 & 96.55 as next targets.
Alternative scenario: The upside penetration of 97.5 will call for a rebound towards 97.8 & 98.2.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: rebound.

Pivot: 1.6155.
Preference: LONG positions above 1.6155 with 1.626 & 1.629 as next targets.
Alternative scenario: The downside breakout of 1.6155 will open the way to 1.611 & 1.608.
Comment: the pair has broken above its resistance and is approaching its previous high.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.