| Tuesday, November 12, 2024 | |
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| EUR/USD Intraday: watch 1.0625. | Next |
| Pivot: 1.0675
Our preference: short positions below 1.0675 with targets at 1.0625 & 1.0600 in extension.
Alternative scenario: above 1.0675 look for further upside with 1.0720 & 1.0750 as targets.
Comment: a break below 1.0625 would trigger a drop towards 1.0600.
|  | | 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 163.11.
Our preference: rebound towards 164.83.
Alternative scenario: below 163.11, expect 162.49 and 162.12.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.78 and 163.98).
|  | | 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: 1.2880
Our preference: short positions below 1.2880 with targets at 1.2800 & 1.2780 in extension.
Alternative scenario: above 1.2880 look for further upside with 1.2925 & 1.2960 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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| GBP/JPY intraday: below its lower Bollinger band | Previous | Next |
| Our pivot point stands at 198.38.
Our preference: the downside prevails as long as 198.38 is resistance.
Alternative scenario: above 198.38, look for 199.30 and 199.85.
Comment: the RSI is below its neutrality area at 50. 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 197.77 and 197.97). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 197.54).
|  | | 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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| USD/JPY Intraday: bullish bias above 153.95. | Previous | Next |
| Pivot: 153.95
Our preference: short positions below 153.95 with targets at 153.20 & 152.90 in extension.
Alternative scenario: above 153.95 look for further upside with 154.35 & 154.70 as targets.
Comment: as long as the resistance at 153.95 is not surpassed, the risk of the break below 153.20 remains high.
|  | | 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: 1.3920
Our preference: long positions above 1.3920 with targets at 1.3965 & 1.3980 in extension.
Alternative scenario: below 1.3920 look for further downside with 1.3895 & 1.3875 as targets.
Comment: the RSI advocates 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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| Crude Oil (WTI) (Z4) Intraday: towards 66.70. | Previous | Next |
| Pivot: 68.80
Our preference: short positions below 68.80 with targets at 67.60 & 66.70 in extension.
Alternative scenario: above 68.80 look for further upside with 69.40 & 70.00 as targets.
Comment: the RSI is bearish and calls for further decline.
|  | | 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: 72.50
Our preference: short positions below 72.50 with targets at 71.10 & 70.30 in extension.
Alternative scenario: above 72.50 look for further upside with 73.10 & 73.60 as targets.
Comment: the RSI advocates for further downside.
|  | | 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: key resistance at 44480.00. | Previous | Next |
| Pivot: 44480.00
Our preference: short positions below 44480.00 with targets at 44300.00 & 44200.00 in extension.
Alternative scenario: above 44480.00 look for further upside with 44625.00 & 44750.00 as targets.
Comment: the RSI calls for a drop.
|  | | 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: 2632.00
Our preference: short positions below 2632.00 with targets at 2595.00 & 2580.00 in extension.
Alternative scenario: above 2632.00 look for further upside with 2646.00 & 2658.00 as targets.
Comment: the RSI has broken down its 30 level.
|  | | 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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