| Friday, September 27, 2024 | |
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| EUR/USD Intraday: consolidation in place. | Next |
| Pivot: 1.1145
Our preference: long positions above 1.1145 with targets at 1.1190 & 1.1210 in extension.
Alternative scenario: below 1.1145 look for further downside with 1.1125 & 1.1105 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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| Our pivot point is at 162.13.
Our preference: the upside prevails as long as 162.13 is support.
Alternative scenario: the downside breakout of 162.13 would call for 161.33 and 160.86.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 162.17 and 161.72). Finally, the EUR/JPY has crossed above its upper Bollinger band (163.00).
|  | | 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: 1.3360
Our preference: long positions above 1.3360 with targets at 1.3435 & 1.3470 in extension.
Alternative scenario: below 1.3360 look for further downside with 1.3335 & 1.3310 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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| Our pivot point stands at 194.21.
Our preference: the upside prevails as long as 194.21 is support.
Alternative scenario: below 194.21, expect 193.08 and 192.41.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 194.53 and 193.94). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 195.39).
|  | | 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: 144.90
Our preference: long positions above 144.90 with targets at 146.35 & 146.80 in extension.
Alternative scenario: below 144.90 look for further downside with 144.50 & 144.10 as targets.
Comment: the RSI is bullish and calls for further advance.
|  | | 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: 1.3460
Our preference: long positions above 1.3460 with targets at 1.3505 & 1.3520 in extension.
Alternative scenario: below 1.3460 look for further downside with 1.3440 & 1.3420 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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| Crude Oil (WTI) (X4) Intraday: key resistance at 68.70. | Previous | Next |
| Pivot: 68.70
Our preference: short positions below 68.70 with targets at 66.30 & 65.40 in extension.
Alternative scenario: above 68.70 look for further upside with 69.50 & 70.40 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) (Z4) Intraday: the downside prevails. | Previous | Next |
| Pivot: 71.95
Our preference: short positions below 71.95 with targets at 69.70 & 69.00 in extension.
Alternative scenario: above 71.95 look for further upside with 72.50 & 73.20 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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| Dow Jones (CME) (Z4) Intraday: 42780.00 expected. | Previous | Next |
| Pivot: 42400.00
Our preference: long positions above 42400.00 with targets at 42680.00 & 42780.00 in extension.
Alternative scenario: below 42400.00 look for further downside with 42330.00 & 42230.00 as targets.
Comment: the RSI is above 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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| Gold Intraday: bullish bias above 2658.00. | Previous |
| Pivot: 2658.00
Our preference: long positions above 2658.00 with targets at 2685.00 & 2694.00 in extension.
Alternative scenario: below 2658.00 look for further downside with 2650.00 & 2640.00 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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