| Thursday, December 5, 2024 | |
|
 |
| EUR/USD Intraday: the bias remains bullish. | Next |
| Pivot: 1.0505
Our preference: long positions above 1.0505 with targets at 1.0540 & 1.0555 in extension.
Alternative scenario: below 1.0505 look for further downside with 1.0490 & 1.0475 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 |  |
|
| Our pivot point is at 158.67.
Our preference: eye 156.98.
Alternative scenario: the upside breakout of 158.67, would call for 159.26 and 159.61.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (158.18) but above its 50 period moving average (158.09).
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
| Pivot: 1.2670
Our preference: long positions above 1.2670 with targets at 1.2720 & 1.2745 in extension.
Alternative scenario: below 1.2670 look for further downside with 1.2650 & 1.2630 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 | |
|
| Our pivot point is at 191.69.
Our preference: target 189.50.
Alternative scenario: the upside breakout of 191.69, would call for 192.46 and 192.92.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (191.05) but above its 50 period moving average (190.86).
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
| Pivot: 150.75
Our preference: short positions below 150.75 with targets at 149.20 & 148.65 in extension.
Alternative scenario: above 150.75 look for further upside with 151.20 & 151.60 as targets.
Comment: the RSI is bearish and calls 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 | |
|
| USD/CAD Intraday: bullish bias above 1.4045. | Previous | Next |
| Pivot: 1.4045
Our preference: long positions above 1.4045 with targets at 1.4085 & 1.4105 in extension.
Alternative scenario: below 1.4045 look for further downside with 1.4025 & 1.4005 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 | |
|
| Crude Oil (WTI) (F5) Intraday: towards 67.75. | Previous | Next |
| Pivot: 69.10
Our preference: short positions below 69.10 with targets at 68.20 & 67.75 in extension.
Alternative scenario: above 69.10 look for further upside with 69.50 & 69.90 as targets.
Comment: the RSI shows downside momentum.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
| Pivot: 72.85
Our preference: short positions below 72.85 with targets at 72.00 & 71.50 in extension.
Alternative scenario: above 72.85 look for further upside with 73.15 & 73.55 as targets.
Comment: the RSI shows downside momentum.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
| Dow Jones (CME) (Z4) Intraday: further upside. | Previous | Next |
| Pivot: 44870.00
Our preference: long positions above 44870.00 with targets at 45170.00 & 45400.00 in extension.
Alternative scenario: below 44870.00 look for further downside with 44680.00 & 44530.00 as targets.
Comment: the RSI shows upside momentum.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
| Pivot: 2634.00
Our preference: long positions above 2634.00 with targets at 2666.00 & 2673.00 in extension.
Alternative scenario: below 2634.00 look for further downside with 2621.00 & 2612.00 as targets.
Comment: the RSI calls for a bounce.
|  | | Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | |
|
|
 |  | | -------------------------------------------------------------------------------------------------------------------------------------------------------- |
Disclaimer TRADING CENTRAL is an independent third party research provider and the information provided should not be considered as trading advice. ICM Capital provides TRADING CENTRAL research to support clients in their trades and give them trading ideas, which should be independently evaluated. ICM Capital cannot be held liable for any information provided by TRADING CENTRAL. ICM Capital Ltd is a company registered in England and Wales under registered number: 07101360. ICM Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) regulatory number: 520965. Registered address: Level 30, 122 Leadenhall Street, London EC3V 4AB, United Kingdom | CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.
TRADING CENTRAL Terms and conditions
The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned.
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.
In the United States, TRADING CENTRAL AMERICAS, INC. is a Registered Investment Adviser (RIA) with the U.S. Securities and Exchange Commission (SEC) under IARD/CRD number 801-67210. Services are provided in the United States by TRADING Central Americas, Inc. TRADING Central will provide a copy of its most recent written disclosure statement without charge upon written request. Notwithstanding the foregoing paragraphs, nothing herein shall constitute a waiver or limitation of any U.S. person's rights under relevant U.S. federal or state laws.
In Asia, TRADING CENTRAL ASIA LTD has received a license (number AWI815) from the Hong Kong-based Securities and Futures Commission (SFC) to conduct “Type 4” and “Type 5” regulated activities (Advising on Securities and Futures).
TRADING CENTRAL recommends that you read the legal and regulatory information and warnings about the information provided by visiting the following link : terms_of_use_web_sites_en.pdf
Headquarters of the publisher : TRADING CENTRAL SA, 11 bis rue Scribe, 75009 Paris
RCS : PARIS B 423 512 607 VAT N° FR 174 235 12607 |
|
|
|
