SILVER (Spot) intraday: further advance.

Pivot: 21.30
Preference: LONG positions above 21.3 with targets @ 22 & 22.25.
Alternative scenario: The downside penetration of 21.3 will call for a slide towards 20.95 & 20.6.
Comment: silver prices are supported by a rising trend line and the 50 moving average.



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: further advance.

Pivot: 1296.00
Preference: LONG positions above 1296 with 1323 & 1337 in sight.
Alternative scenario: The downside breakout of 1296 will open the way to 1283 & 1277.
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.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8330.
Preference: LONG positions above 0.833 with 0.839 & 0.842 as next targets.
Alternative scenario: The downside penetration of 0.833 will call for 0.83 & 0.8275.
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.

USD/CAD intraday: turning down.

Pivot: 1.034
Preference: Short positions below 1.034 with targets @ 1.0295 & 1.027 in extension.
Alternative scenario: Above 1.034 look for further upside with 1.0355 & 1.037 as targets.
Comment: the pair has broken below a bullish channel 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.

GBP/USD intraday: the upside prevails.

Pivot: 1.6185.
Our preference: LONG positions above 1.6185 with 1.626 & 1.63 as next targets.
Alternative scenario: The downside penetration of 1.6185 will call for 1.616 & 1.612.
Comment: the pair remains on the upside and is approaching 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.

USD/JPY intraday: rebound.

Pivot: 97.20.
Preference: LONG positions above 97.2 with 98.1 & 98.55 in sight.
Alternative scenario: The downside penetration of 97.2 will call for 97 & 96.7.
Comment: the pair is rebounding and is breaking above its resistance 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.

EUR/USD intraday: the bias remains bullish.

Pivot: 1.3560.
Preference: LONG positions @ 1.3575 with 1.364 & 1.367 as next targets.
Alternative scenario: The downside penetration of 1.356 will call for a slide towards 1.354 & 1.3505.
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.