| Wednesday, September 11, 2024 | |
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| EUR/USD Intraday: rebound. | Next |
| Pivot: 1.1015
Our preference: long positions above 1.1015 with targets at 1.1075 & 1.1090 in extension.
Alternative scenario: below 1.1015 look for further downside with 1.1000 & 1.0985 as targets.
Comment: the RSI calls for a rebound.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced |  |
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| Our pivot point stands at 156.74.
Our preference: the downside prevails as long as 156.74 is resistance.
Alternative scenario: above 156.74, look for 157.58 and 158.07.
Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 156.69 and 157.33). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 156.03).
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Pivot: 1.3070
Our preference: long positions above 1.3070 with targets at 1.3120 & 1.3140 in extension.
Alternative scenario: below 1.3070 look for further downside with 1.3045 & 1.3030 as targets.
Comment: the RSI calls for a new upleg.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Our pivot point stands at 186.06.
Our preference: the downside prevails as long as 186.06 is resistance.
Alternative scenario: the upside breakout of 186.06, would call for 187.21 and 187.89.
Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 185.92 and 186.57). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 185.07).
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Pivot: 142.00
Our preference: short positions below 142.00 with targets at 140.30 & 139.80 in extension.
Alternative scenario: above 142.00 look for further upside with 142.40 & 142.85 as targets.
Comment: the immediate trend remains down and the momentum is strong.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Pivot: 1.3580
Our preference: long positions above 1.3580 with targets at 1.3625 & 1.3645 in extension.
Alternative scenario: below 1.3580 look for further downside with 1.3560 & 1.3545 as targets.
Comment: intraday technical indicators are mixed and call for caution.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Crude Oil (WTI) (V4) Intraday: key resistance at 67.30. | Previous | Next |
| Pivot: 67.30
Our preference: short positions below 67.30 with targets at 65.25 & 64.40 in extension.
Alternative scenario: above 67.30 look for further upside with 68.20 & 69.10 as targets.
Comment: the RSI is below its neutrality area at 50%
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Brent (ICE) (X4) Intraday: key resistance at 70.70. | Previous | Next |
| Pivot: 70.70
Our preference: short positions below 70.70 with targets at 68.70 & 68.00 in extension.
Alternative scenario: above 70.70 look for further upside with 71.50 & 72.25 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Dow Jones (CME) (U4) Intraday: intraday support around 40500.00. | Previous | Next |
| Pivot: 40500.00
Our preference: long positions above 40500.00 with targets at 40830.00 & 41070.00 in extension.
Alternative scenario: below 40500.00 look for further downside with 40300.00 & 40050.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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| Gold Intraday: further advance. | Previous |
| Pivot: 2501.00
Our preference: long positions above 2501.00 with targets at 2529.00 & 2540.00 in extension.
Alternative scenario: below 2501.00 look for further downside with 2493.00 & 2485.00 as targets.
Comment: the RSI is bullish and calls for further upside.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
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