EUR/USD intraday: the downside prevails.

Pivot: 1.3530.
Preference: SHORT positions below 1.353 with 1.347 & 1.3455 in sight.
Alternative scenario: The upside penetration of 1.353 will call for 1.3555 & 1.3585.
Comment: the pair stands below its resistance and remains under pressure.

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: the upside prevails.

Pivot: 97.20.
Preference: LONG positions above 97.2 with targets @ 97.85 & 98.05.
Alternative scenario: The downside penetration of 97.2 will call for 96.95 & 96.75.
Comment: the pair has broken above a declining trend line 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.

GBP/USD intraday: the downside prevails.

Pivot: 1.6000.
Our preference: SHORT positions below 1.6 with targets @ 1.588 & 1.583.
Alternative scenario: The upside penetration of 1.6 will call for a rebound towards 1.6045 & 1.609.
Comment: the pair stands below its resistance 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: further advance.

Pivot: 1.038
Preference: Long positions above 1.038 with targets @ 1.0445 & 1.047 in extension.
Alternative scenario: Below 1.038 look for further downside with 1.035 & 1.033 as targets.
Comment: the ascending 50-periods moving average (in blue) maintains a bullish bias while the RSI is 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.

EUR/GBP intraday: further advance.

Pivot: 0.8445.
Preference: LONG positions above 0.8445 with targets @ 0.8485 & 0.85.
Alternative scenario: The downside penetration of 0.8445 will call for 0.842 & 0.84.
Comment: the pair remains on the upside and is challenging 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.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1317.00
Preference: SHORT positions below 1317 with 1294 & 1285 as next targets.
Alternative scenario: The upside breakout of 1317 will open the way to 1330 & 1337.
Comment: as long as the resistance at 1317 is not surpassed, the risk of the break below 1294 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.

SILVER (Spot) intraday: key ST resistance at 22.2

Pivot: 22.20
Preference: SHORT positions below 22.2 with targets @ 21.49 & 21.3.
Alternative scenario: The upside penetration of 22.2 will call for a rebound towards 22.5 & 22.8.
Comment: as long as 22.2 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.