SILVER (Spot) intraday: rebound.

Pivot: 21.45
Preference: LONG positions above 21.45 with 22.1 & 22.35 in sight.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 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.

GOLD (Spot) intraday: rebound.

Pivot: 1320.00
Preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside penetration of 1320 will call for a slide towards 1306 & 1291.
Comment: the RSI has just broken above 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: 0.8370.
Preference: SHORT positions below 0.837 with targets @ 0.8325 & 0.83.
Alternative scenario: The upside penetration of 0.837 will call for a rebound towards 0.839 & 0.842.
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: intraday support around 1.027.

Pivot: 1.027
Preference: Long positions above 1.027 with targets @ 1.034 & 1.0355 in extension.
Alternative scenario: Below 1.027 look for further downside with 1.023 & 1.018 as targets.
Comment: a support base at 1.027 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.

GBP/USD intraday: the upside prevails.

Pivot: 1.6170.
Preference: LONG positions @ 1.619 with 1.627 & 1.63 in sight.
Alternative scenario: The downside penetration of 1.617 will call for 1.612 & 1.607.
Comment: the pair stands above its new support and remains within a bullish 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.

USD/JPY intraday: caution.

Pivot: 98.00.
Preference: LONG positions above 98 with 98.55 & 98.85 in sight.
Alternative scenario: The downside breakout of 98 will open the way to 97.45 & 97.
Comment: the pair is facing a pull back and is challenging its support, caution.

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: 1.3510.
Preference: LONG positions above 1.351 with 1.357 & 1.3595 in sight.
Alternative scenario: The downside breakout of 1.351 will open the way to 1.349 & 1.347.
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.