Weekly Stocks Report 13/01/2024
CFI Group English
@cfimarketupdates
CFI Group English (English)
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CFI Group English
13 Jan, 16:58
EUR/USD intraday: rebound
Our pivot point is at 1.0184.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0184 would call for 1.0156 and 1.0139.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.0204) but under its 50 period moving average (1.0223).
Supports and resistances:
1.0296 **
1.0280 *
1.0263 **
1.0246
1.0213 last
1.0195
1.0184 **
1.0156 *
1.0139 **
https://charts.tradingcentral.com/charts/eureur250113173630.gif
Our pivot point is at 1.0184.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0184 would call for 1.0156 and 1.0139.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.0204) but under its 50 period moving average (1.0223).
Supports and resistances:
1.0296 **
1.0280 *
1.0263 **
1.0246
1.0213 last
1.0195
1.0184 **
1.0156 *
1.0139 **
https://charts.tradingcentral.com/charts/eureur250113173630.gif
CFI Group English
13 Jan, 16:57
Gold Intraday: the downside prevails.
Pivot: 2675.00
Our preference: short positions below 2675.00 with targets at 2660.00 & 2655.00 in extension.
Alternative scenario: above 2675.00 look for further upside with 2682.00 & 2690.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2690.00
2682.00
2675.00
2667.00 Last
2660.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113173340.gif
Pivot: 2675.00
Our preference: short positions below 2675.00 with targets at 2660.00 & 2655.00 in extension.
Alternative scenario: above 2675.00 look for further upside with 2682.00 & 2690.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2690.00
2682.00
2675.00
2667.00 Last
2660.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113173340.gif
CFI Group English
13 Jan, 16:55
Crude Oil (WTI) (H5) Intraday: intraday support around 76.00.
Pivot: 76.00
Our preference: long positions above 76.00 with targets at 78.60 & 80.00 in extension.
Alternative scenario: below 76.00 look for further downside with 74.60 & 73.60 as targets.
Comment: the next resistances are at 78.60 and then at 80.00.
Supports and resistances:
81.00
80.00
78.60
77.27 Last
76.00
74.60
73.60
https://charts.tradingcentral.com/charts/174_20250113173341.gif
Pivot: 76.00
Our preference: long positions above 76.00 with targets at 78.60 & 80.00 in extension.
Alternative scenario: below 76.00 look for further downside with 74.60 & 73.60 as targets.
Comment: the next resistances are at 78.60 and then at 80.00.
Supports and resistances:
81.00
80.00
78.60
77.27 Last
76.00
74.60
73.60
https://charts.tradingcentral.com/charts/174_20250113173341.gif
CFI Group English
13 Jan, 14:53
Gold Intraday: the downside prevails.
Pivot: 2675.00
Our preference: short positions below 2675.00 with targets at 2660.00 & 2655.00 in extension.
Alternative scenario: above 2675.00 look for further upside with 2682.00 & 2690.00 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
2690.00
2682.00
2675.00
2666.00 Last
2660.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113153732.gif
Pivot: 2675.00
Our preference: short positions below 2675.00 with targets at 2660.00 & 2655.00 in extension.
Alternative scenario: above 2675.00 look for further upside with 2682.00 & 2690.00 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
2690.00
2682.00
2675.00
2666.00 Last
2660.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113153732.gif
CFI Group English
13 Jan, 14:51
Crude Oil (WTI) (H5) Intraday: intraday support around 76.00.
Pivot: 76.00
Our preference: long positions above 76.00 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 76.00 look for further downside with 75.60 & 74.65 as targets.
Comment: the next resistances are at 77.60 and then at 78.60.
Supports and resistances:
80.00
78.60
77.60
76.55 Last
76.00
75.60
74.65
https://charts.tradingcentral.com/charts/174_20250113153735.gif
Pivot: 76.00
Our preference: long positions above 76.00 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 76.00 look for further downside with 75.60 & 74.65 as targets.
Comment: the next resistances are at 77.60 and then at 78.60.
Supports and resistances:
80.00
78.60
77.60
76.55 Last
76.00
75.60
74.65
https://charts.tradingcentral.com/charts/174_20250113153735.gif
CFI Group English
13 Jan, 12:16
Gold Intraday: break of a ST rising trendline support.
Pivot: 2690.00
Our preference: short positions below 2690.00 with targets at 2663.00 & 2655.00 in extension.
Alternative scenario: above 2690.00 look for further upside with 2698.00 & 2708.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2708.00
2698.00
2690.00
2678.15 Last
2663.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113130518.gif
Pivot: 2690.00
Our preference: short positions below 2690.00 with targets at 2663.00 & 2655.00 in extension.
Alternative scenario: above 2690.00 look for further upside with 2698.00 & 2708.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2708.00
2698.00
2690.00
2678.15 Last
2663.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250113130518.gif
CFI Group English
13 Jan, 12:15
Crude Oil (WTI) (H5) Intraday: bullish bias above 75.60.
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
80.00
78.60
77.60
76.94 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113130518.gif
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
80.00
78.60
77.60
76.94 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113130518.gif
CFI Group English
13 Jan, 12:12
EUR/USD Intraday: under pressure.
Pivot: 1.0230
Our preference: short positions below 1.0230 with targets at 1.0160 & 1.0140 in extension.
Alternative scenario: above 1.0230 look for further upside with 1.0250 & 1.0280 as targets.
Comment: as long as the resistance at 1.0230 is not surpassed, the risk of the break below 1.0160 remains high.
Supports and resistances:
1.0280
1.0250
1.0230
1.0198 Last
1.0160
1.0140
1.0120
https://charts.tradingcentral.com/charts/74_20250113125617.gif
Pivot: 1.0230
Our preference: short positions below 1.0230 with targets at 1.0160 & 1.0140 in extension.
Alternative scenario: above 1.0230 look for further upside with 1.0250 & 1.0280 as targets.
Comment: as long as the resistance at 1.0230 is not surpassed, the risk of the break below 1.0160 remains high.
Supports and resistances:
1.0280
1.0250
1.0230
1.0198 Last
1.0160
1.0140
1.0120
https://charts.tradingcentral.com/charts/74_20250113125617.gif
CFI Group English
13 Jan, 11:10
Gold Intraday: bullish bias above 2675.00.
Pivot: 2675.00
Our preference: long positions above 2675.00 with targets at 2698.00 & 2708.00 in extension.
Alternative scenario: below 2675.00 look for further downside with 2663.00 & 2655.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
2716.00
2708.00
2698.00
2685.72 Last
2675.00
2663.00
2655.00
https://charts.tradingcentral.com/charts/169_20250113114143.gif
Pivot: 2675.00
Our preference: long positions above 2675.00 with targets at 2698.00 & 2708.00 in extension.
Alternative scenario: below 2675.00 look for further downside with 2663.00 & 2655.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
2716.00
2708.00
2698.00
2685.72 Last
2675.00
2663.00
2655.00
https://charts.tradingcentral.com/charts/169_20250113114143.gif
CFI Group English
13 Jan, 10:46
Crude Oil (WTI) (H5) Intraday: intraday support around 75.60.
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
80.00
78.60
77.60
76.65 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113114143.gif
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
80.00
78.60
77.60
76.65 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113114143.gif
CFI Group English
13 Jan, 10:05
EUR/USD Intraday: the downside prevails.
Pivot: 1.0230
Our preference: short positions below 1.0230 with targets at 1.0160 & 1.0140 in extension.
Alternative scenario: above 1.0230 look for further upside with 1.0250 & 1.0280 as targets.
Comment: the break below 1.0230 is a negative signal that has opened a path to 1.0160.
Supports and resistances:
1.0280
1.0250
1.0230
1.0189 Last
1.0160
1.0140
1.0120
https://charts.tradingcentral.com/charts/74_20250113105852.gif
Pivot: 1.0230
Our preference: short positions below 1.0230 with targets at 1.0160 & 1.0140 in extension.
Alternative scenario: above 1.0230 look for further upside with 1.0250 & 1.0280 as targets.
Comment: the break below 1.0230 is a negative signal that has opened a path to 1.0160.
Supports and resistances:
1.0280
1.0250
1.0230
1.0189 Last
1.0160
1.0140
1.0120
https://charts.tradingcentral.com/charts/74_20250113105852.gif
CFI Group English
13 Jan, 09:05
Crude Oil (WTI) (H5) Intraday: further upside.
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
80.00
78.60
77.60
76.91 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113084716.gif
Pivot: 75.60
Our preference: long positions above 75.60 with targets at 77.60 & 78.60 in extension.
Alternative scenario: below 75.60 look for further downside with 74.65 & 74.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
80.00
78.60
77.60
76.91 Last
75.60
74.65
74.00
https://charts.tradingcentral.com/charts/174_20250113084716.gif
CFI Group English
13 Jan, 09:04
Gold Intraday: the bias remains bullish.
Pivot: 2675.00
Our preference: long positions above 2675.00 with targets at 2698.00 & 2708.00 in extension.
Alternative scenario: below 2675.00 look for further downside with 2663.00 & 2655.00 as targets.
Comment: the next resistances are at 2698.00 and then at 2708.00.
Supports and resistances:
2716.00
2708.00
2698.00
2686.38 Last
2675.00
2663.00
2655.00
https://charts.tradingcentral.com/charts/169_20250113084243.gif
Pivot: 2675.00
Our preference: long positions above 2675.00 with targets at 2698.00 & 2708.00 in extension.
Alternative scenario: below 2675.00 look for further downside with 2663.00 & 2655.00 as targets.
Comment: the next resistances are at 2698.00 and then at 2708.00.
Supports and resistances:
2716.00
2708.00
2698.00
2686.38 Last
2675.00
2663.00
2655.00
https://charts.tradingcentral.com/charts/169_20250113084243.gif
CFI Group English
13 Jan, 09:03
EUR/USD Intraday: the downside prevails.
Pivot: 1.0260
Our preference: short positions below 1.0260 with targets at 1.0180 & 1.0160 in extension.
Alternative scenario: above 1.0260 look for further upside with 1.0300 & 1.0325 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
1.0325
1.0300
1.0260
1.0213 Last
1.0180
1.0160
1.0140
https://charts.tradingcentral.com/charts/74_20250113064234.gif
Pivot: 1.0260
Our preference: short positions below 1.0260 with targets at 1.0180 & 1.0160 in extension.
Alternative scenario: above 1.0260 look for further upside with 1.0300 & 1.0325 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
1.0325
1.0300
1.0260
1.0213 Last
1.0180
1.0160
1.0140
https://charts.tradingcentral.com/charts/74_20250113064234.gif
CFI Group English
13 Jan, 09:02
Economy Spotlight: What to Watch out For! Click Here to Read More.
CFI Group English
12 Jan, 12:09
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
CFI Group English
10 Jan, 16:51
Crude Oil (WTI) (G5) Intraday: under pressure.
Pivot: 76.80
Our preference: short positions below 76.80 with targets at 74.35 & 73.75 in extension.
Alternative scenario: above 76.80 look for further upside with 77.85 & 78.70 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
78.70
77.85
76.80
75.77 Last
74.35
73.75
73.10
https://charts.tradingcentral.com/charts/174_20250110174805.gif
Pivot: 76.80
Our preference: short positions below 76.80 with targets at 74.35 & 73.75 in extension.
Alternative scenario: above 76.80 look for further upside with 77.85 & 78.70 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
78.70
77.85
76.80
75.77 Last
74.35
73.75
73.10
https://charts.tradingcentral.com/charts/174_20250110174805.gif
CFI Group English
09 Jan, 14:53
Gold Intraday: intraday support around 2662.00.
Pivot: 2662.00
Our preference: long positions above 2662.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2662.00 look for further downside with 2655.00 & 2645.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2700.00
2690.00
2678.00
2673.25 Last
2662.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250109153955.gif
Pivot: 2662.00
Our preference: long positions above 2662.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2662.00 look for further downside with 2655.00 & 2645.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2700.00
2690.00
2678.00
2673.25 Last
2662.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250109153955.gif
CFI Group English
09 Jan, 14:52
Crude Oil (WTI) (G5) Intraday: intraday support around 73.15.
Pivot: 73.15
Our preference: long positions above 73.15 with targets at 74.20 & 74.50 in extension.
Alternative scenario: below 73.15 look for further downside with 72.85 & 72.30 as targets.
Comment: the next resistances are at 74.20 and then at 74.50.
Supports and resistances:
74.90
74.50
74.20
73.69 Last
73.15
72.85
72.30
https://charts.tradingcentral.com/charts/174_20250109153956.gif
Pivot: 73.15
Our preference: long positions above 73.15 with targets at 74.20 & 74.50 in extension.
Alternative scenario: below 73.15 look for further downside with 72.85 & 72.30 as targets.
Comment: the next resistances are at 74.20 and then at 74.50.
Supports and resistances:
74.90
74.50
74.20
73.69 Last
73.15
72.85
72.30
https://charts.tradingcentral.com/charts/174_20250109153956.gif
CFI Group English
09 Jan, 14:14
🇺🇸🇯🇵 After USD/JPY broke through the 158 resistance level, will the upward momentum continue, or are market participants holding off for tomorrow’s U.S. job report to make their next move?
Click here to read more!
Click here to read more!
CFI Group English
09 Jan, 12:17
Gold Intraday: further advance.
Pivot: 2662.00
Our preference: long positions above 2662.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2662.00 look for further downside with 2655.00 & 2645.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2690.00
2678.00
2670.42 Last
2662.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250109131344.gif
Pivot: 2662.00
Our preference: long positions above 2662.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2662.00 look for further downside with 2655.00 & 2645.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2690.00
2678.00
2670.42 Last
2662.00
2655.00
2645.00
https://charts.tradingcentral.com/charts/169_20250109131344.gif
CFI Group English
09 Jan, 12:12
EUR/USD Intraday: consolidation in place.
Pivot: 1.0325
Our preference: short positions below 1.0325 with targets at 1.0275 & 1.0245 in extension.
Alternative scenario: above 1.0325 look for further upside with 1.0355 & 1.0380 as targets.
Comment: as long as the resistance at 1.0325 is not surpassed, the risk of the break below 1.0275 remains high.
Supports and resistances:
1.0380
1.0355
1.0325
1.0301 Last
1.0275
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250109130449.gif
Pivot: 1.0325
Our preference: short positions below 1.0325 with targets at 1.0275 & 1.0245 in extension.
Alternative scenario: above 1.0325 look for further upside with 1.0355 & 1.0380 as targets.
Comment: as long as the resistance at 1.0325 is not surpassed, the risk of the break below 1.0275 remains high.
Supports and resistances:
1.0380
1.0355
1.0325
1.0301 Last
1.0275
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250109130449.gif
CFI Group English
09 Jan, 10:39
Gold Intraday: supported by a rising trend line.
Pivot: 2656.00
Our preference: long positions above 2656.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2656.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2690.00
2678.00
2670.00
2665.45 Last
2656.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250109112104.gif
Pivot: 2656.00
Our preference: long positions above 2656.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2656.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2690.00
2678.00
2670.00
2665.45 Last
2656.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250109112104.gif
CFI Group English
09 Jan, 10:38
Crude Oil (WTI) (G5) Intraday: under pressure.
Pivot: 73.70
Our preference: short positions below 73.70 with targets at 72.85 & 72.30 in extension.
Alternative scenario: above 73.70 look for further upside with 74.20 & 74.50 as targets.
Comment: as long as the resistance at 73.70 is not surpassed, the risk of the break below 72.85 remains high.
Supports and resistances:
74.50
74.20
73.70
73.14 Last
72.85
72.30
71.80
https://charts.tradingcentral.com/charts/174_20250109112215.gif
Pivot: 73.70
Our preference: short positions below 73.70 with targets at 72.85 & 72.30 in extension.
Alternative scenario: above 73.70 look for further upside with 74.20 & 74.50 as targets.
Comment: as long as the resistance at 73.70 is not surpassed, the risk of the break below 72.85 remains high.
Supports and resistances:
74.50
74.20
73.70
73.14 Last
72.85
72.30
71.80
https://charts.tradingcentral.com/charts/174_20250109112215.gif
CFI Group English
09 Jan, 10:07
EUR/USD Intraday: under pressure.
Pivot: 1.0325
Our preference: short positions below 1.0325 with targets at 1.0275 & 1.0245 in extension.
Alternative scenario: above 1.0325 look for further upside with 1.0355 & 1.0380 as targets.
Comment: as long as the resistance at 1.0325 is not surpassed, the risk of the break below 1.0275 remains high.
Supports and resistances:
1.0380
1.0355
1.0325
1.0303 Last
1.0275
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250109110147.gif
Pivot: 1.0325
Our preference: short positions below 1.0325 with targets at 1.0275 & 1.0245 in extension.
Alternative scenario: above 1.0325 look for further upside with 1.0355 & 1.0380 as targets.
Comment: as long as the resistance at 1.0325 is not surpassed, the risk of the break below 1.0275 remains high.
Supports and resistances:
1.0380
1.0355
1.0325
1.0303 Last
1.0275
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250109110147.gif
CFI Group English
09 Jan, 09:06
Crude Oil (WTI) (G5) Intraday: the downside prevails.
Pivot: 73.70
Our preference: short positions below 73.70 with targets at 72.85 & 72.30 in extension.
Alternative scenario: above 73.70 look for further upside with 74.20 & 74.50 as targets.
Comment: as long as the resistance at 73.70 is not surpassed, the risk of the break below 72.85 remains high.
Supports and resistances:
74.50
74.20
73.70
73.28 Last
72.85
72.30
71.80
https://charts.tradingcentral.com/charts/174_20250109085932.gif
Pivot: 73.70
Our preference: short positions below 73.70 with targets at 72.85 & 72.30 in extension.
Alternative scenario: above 73.70 look for further upside with 74.20 & 74.50 as targets.
Comment: as long as the resistance at 73.70 is not surpassed, the risk of the break below 72.85 remains high.
Supports and resistances:
74.50
74.20
73.70
73.28 Last
72.85
72.30
71.80
https://charts.tradingcentral.com/charts/174_20250109085932.gif
CFI Group English
09 Jan, 09:05
Gold Intraday: the upside prevails.
Pivot: 2652.00
Our preference: long positions above 2652.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2652.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2690.00
2678.00
2670.00
2664.28 Last
2652.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250109085628.gif
Pivot: 2652.00
Our preference: long positions above 2652.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2652.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2690.00
2678.00
2670.00
2664.28 Last
2652.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250109085628.gif
CFI Group English
09 Jan, 09:03
EUR/USD Intraday: under pressure.
Pivot: 1.0330
Our preference: short positions below 1.0330 with targets at 1.0295 & 1.0275 in extension.
Alternative scenario: above 1.0330 look for further upside with 1.0355 & 1.0380 as targets.
Comment: a break below 1.0295 would trigger a drop towards 1.0275.
Supports and resistances:
1.0380
1.0355
1.0330
1.0305 Last
1.0295
1.0275
1.0260
https://charts.tradingcentral.com/charts/74_20250109070153.gif
Pivot: 1.0330
Our preference: short positions below 1.0330 with targets at 1.0295 & 1.0275 in extension.
Alternative scenario: above 1.0330 look for further upside with 1.0355 & 1.0380 as targets.
Comment: a break below 1.0295 would trigger a drop towards 1.0275.
Supports and resistances:
1.0380
1.0355
1.0330
1.0305 Last
1.0295
1.0275
1.0260
https://charts.tradingcentral.com/charts/74_20250109070153.gif
CFI Group English
09 Jan, 08:43
FIVE THINGS TO KNOW
9/01/2025
📉Edison International (EIX) shares dropped nearly 13% on Wednesday after the company cut power to tens of thousands in Southern California amid raging wildfires. Southern California Edison reported 69,601 customers affected by outages, while poweroutage.us estimated around 400,000 Californians were without power statewide.
🔊According to industry executives at CES, global auto suppliers are exploring relocating production to the U.S. to counter tariffs proposed by President-elect Trump. The industry, already impacted by protectionist policies under Trump and Biden, faces potential 10% global import tariffs and 60% on Chinese goods, with 25% tariffs on Canadian and Mexican imports. These tariffs could make many foreign produced auto parts uneconomical in the U.S. market. Hence the need for the relocation to the U.S.
🥇Gold prices stabilized in Asian trading on Thursday following two consecutive days of gains, as increased uncertainty over a hawkish Federal Reserve and President-elect Donald Trump's trade tariff plans boosted safe-haven demand. At 12:01 GMT +4 Gold spot trades at $2661.91 with a 0.02% daily change.
🔔Minutes from the December 2024 FOMC meeting showed that nearly all Fed officials viewed the risk of higher inflation as increasing, influenced by stronger-than-expected inflation data and possible effects from trade and immigration policy changes. They anticipated inflation would gradually move toward the 2% target but recognized that the timeline could be longer than expected.
🇨🇳China's annual inflation rate dropped to 0.1% in December 2024 matching expectations, the lowest since March, due to lower food prices and a modest rise in non-food costs. Producer prices fell by 2.3% year-over-year, the smallest decline in four months. Following the news release, crude oil prices dropped by approximately 0.485. As China is one of the largest consumers of oil, we may see further declines in oil prices due to a likely reduction in demand.
9/01/2025
📉Edison International (EIX) shares dropped nearly 13% on Wednesday after the company cut power to tens of thousands in Southern California amid raging wildfires. Southern California Edison reported 69,601 customers affected by outages, while poweroutage.us estimated around 400,000 Californians were without power statewide.
🔊According to industry executives at CES, global auto suppliers are exploring relocating production to the U.S. to counter tariffs proposed by President-elect Trump. The industry, already impacted by protectionist policies under Trump and Biden, faces potential 10% global import tariffs and 60% on Chinese goods, with 25% tariffs on Canadian and Mexican imports. These tariffs could make many foreign produced auto parts uneconomical in the U.S. market. Hence the need for the relocation to the U.S.
🥇Gold prices stabilized in Asian trading on Thursday following two consecutive days of gains, as increased uncertainty over a hawkish Federal Reserve and President-elect Donald Trump's trade tariff plans boosted safe-haven demand. At 12:01 GMT +4 Gold spot trades at $2661.91 with a 0.02% daily change.
🔔Minutes from the December 2024 FOMC meeting showed that nearly all Fed officials viewed the risk of higher inflation as increasing, influenced by stronger-than-expected inflation data and possible effects from trade and immigration policy changes. They anticipated inflation would gradually move toward the 2% target but recognized that the timeline could be longer than expected.
🇨🇳China's annual inflation rate dropped to 0.1% in December 2024 matching expectations, the lowest since March, due to lower food prices and a modest rise in non-food costs. Producer prices fell by 2.3% year-over-year, the smallest decline in four months. Following the news release, crude oil prices dropped by approximately 0.485. As China is one of the largest consumers of oil, we may see further declines in oil prices due to a likely reduction in demand.
CFI Group English
09 Jan, 06:49
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
CFI Group English
08 Jan, 19:21
Fed Minutes: A cautious approach to monetary policy decisions is warranted over the coming quarters. These factors include recent higher inflation readings, continued strength in spending, reduced downside risks to the labor market and economic activity outlook, and increased upside risks to the inflation outlook
CFI Group English
08 Jan, 19:20
Fed Minutes: Many participants suggested that the committee could hold rates at a tight level, or ease policy more slowly, if inflation remained elevated. Several noted that policy could be eased more quickly if labor market conditions deteriorated, economic activity faltered, or inflation returned to 2% more quickly than expected.
CFI Group English
08 Jan, 19:19
Fed Minutes: Participants noted that the Fed has reached or is close to the point where it may be appropriate to slow the pace of monetary easing.
CFI Group English
08 Jan, 19:19
Fed Minutes: Participants expected inflation to continue moving toward 2%, but the effects of potential changes in trade and immigration policy suggest that this process may take longer than previously anticipated.
CFI Group English
08 Jan, 16:50
Gold Intraday: intraday support around 2654.00.
Pivot: 2654.00
Our preference: long positions above 2654.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2654.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the next resistances are at 2678.00 and then at 2690.00.
Supports and resistances:
2700.00
2690.00
2678.00
2666.00 Last
2654.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250108174100.gif
Pivot: 2654.00
Our preference: long positions above 2654.00 with targets at 2678.00 & 2690.00 in extension.
Alternative scenario: below 2654.00 look for further downside with 2645.00 & 2638.00 as targets.
Comment: the next resistances are at 2678.00 and then at 2690.00.
Supports and resistances:
2700.00
2690.00
2678.00
2666.00 Last
2654.00
2645.00
2638.00
https://charts.tradingcentral.com/charts/169_20250108174100.gif
CFI Group English
08 Jan, 16:47
Crude Oil (WTI) (G5) Intraday: turning down.
Pivot: 74.25
Our preference: short positions below 74.25 with targets at 73.10 & 72.70 in extension.
Alternative scenario: above 74.25 look for further upside with 74.85 & 75.25 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
75.25
74.85
74.25
73.54 Last
73.10
72.70
72.30
https://charts.tradingcentral.com/charts/174_20250108174101.gif
Pivot: 74.25
Our preference: short positions below 74.25 with targets at 73.10 & 72.70 in extension.
Alternative scenario: above 74.25 look for further upside with 74.85 & 75.25 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
75.25
74.85
74.25
73.54 Last
73.10
72.70
72.30
https://charts.tradingcentral.com/charts/174_20250108174101.gif
CFI Group English
08 Jan, 15:56
EUR/USD intraday: rebound towards 1.0354
Our pivot point stands at 1.0272.
Our preference: rebound towards 1.0354.
Alternative scenario: the downside breakout of 1.0272 would call for 1.0244 and 1.0227.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0313 and 1.0337).
Supports and resistances:
1.0388 **
1.0371 *
1.0354 **
1.0337
1.0299 last
1.0284
1.0272 **
1.0244 *
1.0227 **
https://charts.tradingcentral.com/charts/eureur250108164830.gif
Our pivot point stands at 1.0272.
Our preference: rebound towards 1.0354.
Alternative scenario: the downside breakout of 1.0272 would call for 1.0244 and 1.0227.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0313 and 1.0337).
Supports and resistances:
1.0388 **
1.0371 *
1.0354 **
1.0337
1.0299 last
1.0284
1.0272 **
1.0244 *
1.0227 **
https://charts.tradingcentral.com/charts/eureur250108164830.gif
CFI Group English
08 Jan, 15:16
Gold Intraday: intraday support around 2645.00.
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2638.00 & 2632.00 as targets.
Comment: the next resistances are at 2670.00 and then at 2678.00.
Supports and resistances:
2690.00
2678.00
2670.00
2660.00 Last
2645.00
2638.00
2632.00
https://charts.tradingcentral.com/charts/169_20250108160551.gif
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2670.00 & 2678.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2638.00 & 2632.00 as targets.
Comment: the next resistances are at 2670.00 and then at 2678.00.
Supports and resistances:
2690.00
2678.00
2670.00
2660.00 Last
2645.00
2638.00
2632.00
https://charts.tradingcentral.com/charts/169_20250108160551.gif
CFI Group English
08 Jan, 15:14
Crude Oil (WTI) (G5) Intraday: turning down.
Pivot: 75.25
Our preference: short positions below 75.25 with targets at 73.80 & 73.10 in extension.
Alternative scenario: above 75.25 look for further upside with 75.75 & 76.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
76.00
75.75
75.25
74.49 Last
73.80
73.10
72.70
https://charts.tradingcentral.com/charts/174_20250108160549.gif
Pivot: 75.25
Our preference: short positions below 75.25 with targets at 73.80 & 73.10 in extension.
Alternative scenario: above 75.25 look for further upside with 75.75 & 76.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
76.00
75.75
75.25
74.49 Last
73.80
73.10
72.70
https://charts.tradingcentral.com/charts/174_20250108160549.gif
CFI Group English
08 Jan, 14:30
Could Samsung Capture the Future of iPhone Photography?
Click Here to Read More.
Click Here to Read More.
CFI Group English
08 Jan, 12:37
Crude Oil (WTI) (G5) Intraday: turning down.
Pivot: 75.25
Our preference: short positions below 75.25 with targets at 73.80 & 73.10 in extension.
Alternative scenario: above 75.25 look for further upside with 75.75 & 76.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
76.00
75.75
75.25
74.59 Last
73.80
73.10
72.70
https://charts.tradingcentral.com/charts/174_20250108132222.gif
Pivot: 75.25
Our preference: short positions below 75.25 with targets at 73.80 & 73.10 in extension.
Alternative scenario: above 75.25 look for further upside with 75.75 & 76.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
76.00
75.75
75.25
74.59 Last
73.80
73.10
72.70
https://charts.tradingcentral.com/charts/174_20250108132222.gif
CFI Group English
08 Jan, 12:16
EUR/USD Intraday: the downside prevails.
Pivot: 1.0320
Our preference: short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario: above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment: the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250108130900.gif
Pivot: 1.0320
Our preference: short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario: above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment: the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
https://charts.tradingcentral.com/charts/74_20250108130900.gif
CFI Group English
08 Jan, 11:07
Gold Intraday: key resistance at 2659.00.
Pivot: 2659.00
Our preference: short positions below 2659.00 with targets at 2644.00 & 2638.00 in extension.
Alternative scenario: above 2659.00 look for further upside with 2664.00 & 2670.00 as targets.
Comment: as long as 2659.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2670.00
2664.00
2659.00
2653.41 Last
2644.00
2638.00
2632.00
https://charts.tradingcentral.com/charts/169_20250108114117.gif
Pivot: 2659.00
Our preference: short positions below 2659.00 with targets at 2644.00 & 2638.00 in extension.
Alternative scenario: above 2659.00 look for further upside with 2664.00 & 2670.00 as targets.
Comment: as long as 2659.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2670.00
2664.00
2659.00
2653.41 Last
2644.00
2638.00
2632.00
https://charts.tradingcentral.com/charts/169_20250108114117.gif
CFI Group English
08 Jan, 11:06
Crude Oil (WTI) (G5) Intraday: bullish bias above 74.50.
Pivot: 74.50
Our preference: long positions above 74.50 with targets at 75.75 & 76.00 in extension.
Alternative scenario: below 74.50 look for further downside with 73.80 & 73.10 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
76.40
76.00
75.75
75.06 Last
74.50
73.80
73.10
https://charts.tradingcentral.com/charts/174_20250108114409.gif
Pivot: 74.50
Our preference: long positions above 74.50 with targets at 75.75 & 76.00 in extension.
Alternative scenario: below 74.50 look for further downside with 73.80 & 73.10 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
76.40
76.00
75.75
75.06 Last
74.50
73.80
73.10
https://charts.tradingcentral.com/charts/174_20250108114409.gif
CFI Group English
08 Jan, 10:36
🗂What are the four files that could be a bright spot for the US stock markets in 2025?
To know the answer, click here !
To know the answer, click here !
CFI Group English
08 Jan, 10:36
EUR/USD Intraday: the downside prevails.
Pivot: 1.0355
Our preference: short positions below 1.0355 with targets at 1.0295 & 1.0270 in extension.
Alternative scenario: above 1.0355 look for further upside with 1.0390 & 1.0430 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
1.0430
1.0390
1.0355
1.0313 Last
1.0295
1.0270
1.0245
https://charts.tradingcentral.com/charts/74_20250108111305.gif
Pivot: 1.0355
Our preference: short positions below 1.0355 with targets at 1.0295 & 1.0270 in extension.
Alternative scenario: above 1.0355 look for further upside with 1.0390 & 1.0430 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
1.0430
1.0390
1.0355
1.0313 Last
1.0295
1.0270
1.0245
https://charts.tradingcentral.com/charts/74_20250108111305.gif
CFI Group English
08 Jan, 09:17
5 Things You Need to Know: 08/01/2025
✈️The aviation industry anticipates continued struggles into 2025, with Boeing facing delivery delays and safety scrutiny, especially after issues with the 737 Max 9. Despite efforts to enhance safety protocols, experts criticize Boeing's management and foresee stiff competition from Airbus. Recovery for the sector is expected to be challenging and prolonged.
📣At the CES tech conference, Honda unveiled the Honda 0 Saloon and Honda 0 SUV, set to be produced in Ohio by 2026. These prototypes, part of the "0 Series," showcase innovative designs and feature Asimo OS for advanced functions like hands-free driving. This launch aligns with Honda's strategy to strengthen its position in the competitive EV market, especially in crucial areas like California. The effects of Honda's recent partnership with Nissan on these models remain uncertain.
🧳Yesterday, the JOLTS Job Openings report revealed a surge in U.S. job openings, reaching 8.10 million, surpassing the forecast of 7.73 million. This is the highest level since September 2024, signaling a robust improvement in the job market. At the time of this positive news, the U.S. Dollar index rose by 0.18%.
🇦🇺On Thursday, January 9, 2024, Australia's monthly Retail Sales figures are set to be released at 4:30 AM, GMT+4 (Dubai Time). The data is expected to decrease from the previous 0.6% to just 0.1%, suggesting a slowdown in retail activity.
🇨🇳On Thursday, January 9, 2024, at 5:30 AM GMT+4, China will release its inflation data. The Consumer Price Index (CPI) is expected to slightly decrease from 0.2% to 0.1%, indicating reduced consumer spending, while the Producer Price Index (PPI) is set to improve slightly from -2.5% to -2.4%, suggesting easing production costs. In response, the central bank might lower interest rates to stimulate spending and cautiously manage deflationary pressures to support economic growth.
✈️The aviation industry anticipates continued struggles into 2025, with Boeing facing delivery delays and safety scrutiny, especially after issues with the 737 Max 9. Despite efforts to enhance safety protocols, experts criticize Boeing's management and foresee stiff competition from Airbus. Recovery for the sector is expected to be challenging and prolonged.
📣At the CES tech conference, Honda unveiled the Honda 0 Saloon and Honda 0 SUV, set to be produced in Ohio by 2026. These prototypes, part of the "0 Series," showcase innovative designs and feature Asimo OS for advanced functions like hands-free driving. This launch aligns with Honda's strategy to strengthen its position in the competitive EV market, especially in crucial areas like California. The effects of Honda's recent partnership with Nissan on these models remain uncertain.
🧳Yesterday, the JOLTS Job Openings report revealed a surge in U.S. job openings, reaching 8.10 million, surpassing the forecast of 7.73 million. This is the highest level since September 2024, signaling a robust improvement in the job market. At the time of this positive news, the U.S. Dollar index rose by 0.18%.
🇦🇺On Thursday, January 9, 2024, Australia's monthly Retail Sales figures are set to be released at 4:30 AM, GMT+4 (Dubai Time). The data is expected to decrease from the previous 0.6% to just 0.1%, suggesting a slowdown in retail activity.
🇨🇳On Thursday, January 9, 2024, at 5:30 AM GMT+4, China will release its inflation data. The Consumer Price Index (CPI) is expected to slightly decrease from 0.2% to 0.1%, indicating reduced consumer spending, while the Producer Price Index (PPI) is set to improve slightly from -2.5% to -2.4%, suggesting easing production costs. In response, the central bank might lower interest rates to stimulate spending and cautiously manage deflationary pressures to support economic growth.
CFI Group English
29 Dec, 13:11
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
CFI Group English
29 Dec, 12:41
🇺🇸 Trump surprises the world with his opinion on TikTok and demands something important for the Chinese app.
🇪🇺 Europe is devouring a natural resource at the fastest rate in three years.
🇨🇳 China promises important things and a reduction in tariffs on strategic resources.
for more click here
🇪🇺 Europe is devouring a natural resource at the fastest rate in three years.
🇨🇳 China promises important things and a reduction in tariffs on strategic resources.
for more click here
CFI Group English
27 Dec, 17:00
EUR/USD intraday: as long as 1.0402 is support look for 1.0485
Our pivot point is at 1.0402.
Our preference: as long as 1.0402 is support look for 1.0485.
Alternative scenario: the downside breakout of 1.0402 would call for 1.0373 and 1.0355.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0424 and 1.0419).
Supports and resistances:
1.0520 **
1.0503 *
1.0485 **
1.0468
1.0427 last
1.0414
1.0402 **
1.0373 *
1.0355 **
https://charts.tradingcentral.com/charts/eureur241227175318.gif
Our pivot point is at 1.0402.
Our preference: as long as 1.0402 is support look for 1.0485.
Alternative scenario: the downside breakout of 1.0402 would call for 1.0373 and 1.0355.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0424 and 1.0419).
Supports and resistances:
1.0520 **
1.0503 *
1.0485 **
1.0468
1.0427 last
1.0414
1.0402 **
1.0373 *
1.0355 **
https://charts.tradingcentral.com/charts/eureur241227175318.gif
CFI Group English
27 Dec, 16:33
EUR/USD intraday: as long as 1.0397 is support look for 1.0483
1.0397 is our pivot point.
Our preference: as long as 1.0397 is support look for 1.0483.
Alternative scenario: below 1.0397, expect 1.0368 and 1.0350.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0423 and 1.0419).
Supports and resistances:
1.0518 **
1.0500 *
1.0483 **
1.0465
1.0427 last
1.0409
1.0397 **
1.0368 *
1.0350 **
https://charts.tradingcentral.com/charts/eureur241227172658.gif
1.0397 is our pivot point.
Our preference: as long as 1.0397 is support look for 1.0483.
Alternative scenario: below 1.0397, expect 1.0368 and 1.0350.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0423 and 1.0419).
Supports and resistances:
1.0518 **
1.0500 *
1.0483 **
1.0465
1.0427 last
1.0409
1.0397 **
1.0368 *
1.0350 **
https://charts.tradingcentral.com/charts/eureur241227172658.gif
CFI Group English
27 Dec, 16:30
Gold Intraday: the downside prevails.
Pivot: 2623.00
Our preference: short positions below 2623.00 with targets at 2608.00 & 2600.00 in extension.
Alternative scenario: above 2623.00 look for further upside with 2631.00 & 2639.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2639.00
2631.00
2623.00
2616.14 Last
2608.00
2600.00
2591.00
https://charts.tradingcentral.com/charts/169_20241227172016.gif
Pivot: 2623.00
Our preference: short positions below 2623.00 with targets at 2608.00 & 2600.00 in extension.
Alternative scenario: above 2623.00 look for further upside with 2631.00 & 2639.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2639.00
2631.00
2623.00
2616.14 Last
2608.00
2600.00
2591.00
https://charts.tradingcentral.com/charts/169_20241227172016.gif
CFI Group English
27 Dec, 16:29
Crude Oil (WTI) (G5) Intraday: intraday support around 69.70.
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 70.75 & 71.30 in extension.
Alternative scenario: below 69.70 look for further downside with 69.30 & 68.90 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
71.85
71.30
70.75
70.33 Last
69.70
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241227172018.gif
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 70.75 & 71.30 in extension.
Alternative scenario: below 69.70 look for further downside with 69.30 & 68.90 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
71.85
71.30
70.75
70.33 Last
69.70
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241227172018.gif
CFI Group English
27 Dec, 12:42
Crude Oil (WTI) (G5) Intraday: limited upside.
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 70.75 & 71.00 in extension.
Alternative scenario: below 69.70 look for further downside with 69.30 & 68.90 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
71.30
71.00
70.75
70.12 Last
69.70
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241227132128.gif
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 70.75 & 71.00 in extension.
Alternative scenario: below 69.70 look for further downside with 69.30 & 68.90 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
71.30
71.00
70.75
70.12 Last
69.70
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241227132128.gif
CFI Group English
27 Dec, 12:37
📊 What are the technical scenarios expected for the U.S. Dollar Index movement?
📌 Analysis of the daily and 4-hour charts, including key target levels !
To learn more, click here.
📌 Analysis of the daily and 4-hour charts, including key target levels !
To learn more, click here.
CFI Group English
27 Dec, 12:12
EUR/USD Intraday: further advance.
Pivot: 1.0420
Our preference: long positions above 1.0420 with targets at 1.0450 & 1.0470 in extension.
Alternative scenario: below 1.0420 look for further downside with 1.0405 & 1.0385 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0490
1.0470
1.0450
1.0442 Last
1.0420
1.0405
1.0385
https://charts.tradingcentral.com/charts/74_20241227130837.gif
Pivot: 1.0420
Our preference: long positions above 1.0420 with targets at 1.0450 & 1.0470 in extension.
Alternative scenario: below 1.0420 look for further downside with 1.0405 & 1.0385 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0490
1.0470
1.0450
1.0442 Last
1.0420
1.0405
1.0385
https://charts.tradingcentral.com/charts/74_20241227130837.gif
CFI Group English
27 Dec, 10:37
Gold Intraday: bullish bias above 2621.00.
Pivot: 2621.00
Our preference: long positions above 2621.00 with targets at 2642.00 & 2651.00 in extension.
Alternative scenario: below 2621.00 look for further downside with 2613.00 & 2608.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
2658.00
2651.00
2642.00
2625.39 Last
2621.00
2613.00
2608.00
https://charts.tradingcentral.com/charts/169_20241227111608.gif
Pivot: 2621.00
Our preference: long positions above 2621.00 with targets at 2642.00 & 2651.00 in extension.
Alternative scenario: below 2621.00 look for further downside with 2613.00 & 2608.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
2658.00
2651.00
2642.00
2625.39 Last
2621.00
2613.00
2608.00
https://charts.tradingcentral.com/charts/169_20241227111608.gif
CFI Group English
27 Dec, 10:35
Crude Oil (WTI) (G5) Intraday: consolidation.
Pivot: 70.15
Our preference: short positions below 70.15 with targets at 69.30 & 68.90 in extension.
Alternative scenario: above 70.15 look for further upside with 70.75 & 71.30 as targets.
Comment: as long as the resistance at 70.15 is not surpassed, the risk of the break below 69.30 remains high.
Supports and resistances:
71.30
70.75
70.15
69.83 Last
69.30
68.90
68.60
https://charts.tradingcentral.com/charts/174_20241227111521.gif
Pivot: 70.15
Our preference: short positions below 70.15 with targets at 69.30 & 68.90 in extension.
Alternative scenario: above 70.15 look for further upside with 70.75 & 71.30 as targets.
Comment: as long as the resistance at 70.15 is not surpassed, the risk of the break below 69.30 remains high.
Supports and resistances:
71.30
70.75
70.15
69.83 Last
69.30
68.90
68.60
https://charts.tradingcentral.com/charts/174_20241227111521.gif
CFI Group English
27 Dec, 10:05
EUR/USD Intraday: intraday support around 1.0400.
Pivot: 1.0400
Our preference: long positions above 1.0400 with targets at 1.0435 & 1.0450 in extension.
Alternative scenario: below 1.0400 look for further downside with 1.0385 & 1.0370 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.0470
1.0450
1.0435
1.0412 Last
1.0400
1.0385
1.0370
https://charts.tradingcentral.com/charts/74_20241227104440.gif
Pivot: 1.0400
Our preference: long positions above 1.0400 with targets at 1.0435 & 1.0450 in extension.
Alternative scenario: below 1.0400 look for further downside with 1.0385 & 1.0370 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.0470
1.0450
1.0435
1.0412 Last
1.0400
1.0385
1.0370
https://charts.tradingcentral.com/charts/74_20241227104440.gif
CFI Group English
27 Dec, 09:04
Crude Oil (WTI) (G5) Intraday: consolidation in place.
Pivot: 70.15
Our preference: short positions below 70.15 with targets at 69.30 & 68.90 in extension.
Alternative scenario: above 70.15 look for further upside with 70.75 & 71.30 as targets.
Comment: as long as 70.15 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
71.30
70.75
70.15
69.63 Last
69.30
68.90
68.60
https://charts.tradingcentral.com/charts/174_20241227085036.gif
Pivot: 70.15
Our preference: short positions below 70.15 with targets at 69.30 & 68.90 in extension.
Alternative scenario: above 70.15 look for further upside with 70.75 & 71.30 as targets.
Comment: as long as 70.15 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
71.30
70.75
70.15
69.63 Last
69.30
68.90
68.60
https://charts.tradingcentral.com/charts/174_20241227085036.gif
CFI Group English
27 Dec, 09:03
Gold Intraday: rebound.
Pivot: 2621.00
Our preference: long positions above 2621.00 with targets at 2642.00 & 2651.00 in extension.
Alternative scenario: below 2621.00 look for further downside with 2613.00 & 2608.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
2658.00
2651.00
2642.00
2632.04 Last
2621.00
2613.00
2608.00
https://charts.tradingcentral.com/charts/169_20241227085033.gif
Pivot: 2621.00
Our preference: long positions above 2621.00 with targets at 2642.00 & 2651.00 in extension.
Alternative scenario: below 2621.00 look for further downside with 2613.00 & 2608.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
2658.00
2651.00
2642.00
2632.04 Last
2621.00
2613.00
2608.00
https://charts.tradingcentral.com/charts/169_20241227085033.gif
CFI Group English
27 Dec, 09:02
EUR/USD Intraday: caution.
Pivot: 1.0400
Our preference: long positions above 1.0400 with targets at 1.0435 & 1.0450 in extension.
Alternative scenario: below 1.0400 look for further downside with 1.0385 & 1.0370 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
1.0470
1.0450
1.0435
1.0411 Last
1.0400
1.0385
1.0370
https://charts.tradingcentral.com/charts/74_20241227064021.gif
Pivot: 1.0400
Our preference: long positions above 1.0400 with targets at 1.0435 & 1.0450 in extension.
Alternative scenario: below 1.0400 look for further downside with 1.0385 & 1.0370 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
1.0470
1.0450
1.0435
1.0411 Last
1.0400
1.0385
1.0370
https://charts.tradingcentral.com/charts/74_20241227064021.gif
CFI Group English
27 Dec, 06:57
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
CFI Group English
26 Dec, 09:26
📉📈Learn about the concept of fundamental analysis and its basics?
📊Why is fundamental analysis the cornerstone of a more accurate financial decision?
What are the most prominent methods and sources for fundamental analysis?
To learn more, click here !
📊Why is fundamental analysis the cornerstone of a more accurate financial decision?
What are the most prominent methods and sources for fundamental analysis?
To learn more, click here !
CFI Group English
26 Dec, 07:13
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
CFI Group English
25 Dec, 09:04
Crude Oil (WTI) (G5) Intraday: bullish bias above 69.50.
Pivot: 69.50
Our preference: long positions above 69.50 with targets at 70.80 & 71.30 in extension.
Alternative scenario: below 69.50 look for further downside with 68.90 & 68.40 as targets.
Comment: the next resistances are at 70.80 and then at 71.30.
Supports and resistances:
72.00
71.30
70.80
70.03 Last
69.50
68.90
68.40
https://charts.tradingcentral.com/charts/174_20241224200625.gif
Pivot: 69.50
Our preference: long positions above 69.50 with targets at 70.80 & 71.30 in extension.
Alternative scenario: below 69.50 look for further downside with 68.90 & 68.40 as targets.
Comment: the next resistances are at 70.80 and then at 71.30.
Supports and resistances:
72.00
71.30
70.80
70.03 Last
69.50
68.90
68.40
https://charts.tradingcentral.com/charts/174_20241224200625.gif
CFI Group English
21 Nov, 17:00
EUR/USD intraday: below its lower Bollinger band
Our pivot point stands at 1.0514.
Our preference: the downside prevails as long as 1.0514 is resistance.
Alternative scenario: above 1.0514, look for 1.0540 and 1.0555.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0521 and 1.0533). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0490).
Supports and resistances:
1.0555 **
1.0540 *
1.0514 **
1.0503
1.0475 last
1.0444
1.0428 **
1.0413 *
1.0397 **
https://charts.tradingcentral.com/charts/eureur241121174545.gif
Our pivot point stands at 1.0514.
Our preference: the downside prevails as long as 1.0514 is resistance.
Alternative scenario: above 1.0514, look for 1.0540 and 1.0555.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0521 and 1.0533). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0490).
Supports and resistances:
1.0555 **
1.0540 *
1.0514 **
1.0503
1.0475 last
1.0444
1.0428 **
1.0413 *
1.0397 **
https://charts.tradingcentral.com/charts/eureur241121174545.gif
CFI Group English
21 Nov, 16:19
Gold Intraday: the upside prevails.
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2618.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2730.00
2700.00
2685.00
2667.45 Last
2645.00
2635.00
2618.00
https://charts.tradingcentral.com/charts/169_20241121170655.gif
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2618.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2730.00
2700.00
2685.00
2667.45 Last
2645.00
2635.00
2618.00
https://charts.tradingcentral.com/charts/169_20241121170655.gif
CFI Group English
21 Nov, 16:14
Crude Oil (WTI) (F5) Intraday: intraday support around 69.45.
Pivot: 69.45
Our preference: long positions above 69.45 with targets at 70.70 & 71.25 in extension.
Alternative scenario: below 69.45 look for further downside with 68.85 & 68.50 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
71.85
71.25
70.70
69.75 Last
69.45
68.85
68.50
https://charts.tradingcentral.com/charts/174_20241121170052.gif
Pivot: 69.45
Our preference: long positions above 69.45 with targets at 70.70 & 71.25 in extension.
Alternative scenario: below 69.45 look for further downside with 68.85 & 68.50 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
71.85
71.25
70.70
69.75 Last
69.45
68.85
68.50
https://charts.tradingcentral.com/charts/174_20241121170052.gif
CFI Group English
21 Nov, 12:18
EUR/USD Intraday: the downside prevails.
Pivot: 1.0570
Our preference: short positions below 1.0570 with targets at 1.0510 & 1.0495 in extension.
Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.
Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0610
1.0590
1.0570
1.0521 Last
1.0510
1.0495
1.0470
https://charts.tradingcentral.com/charts/74_20241121131255.gif
Pivot: 1.0570
Our preference: short positions below 1.0570 with targets at 1.0510 & 1.0495 in extension.
Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.
Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0610
1.0590
1.0570
1.0521 Last
1.0510
1.0495
1.0470
https://charts.tradingcentral.com/charts/74_20241121131255.gif
CFI Group English
21 Nov, 12:17
Gold Intraday: the upside prevails.
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2730.00
2700.00
2685.00
2667.70 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121130619.gif
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2730.00
2700.00
2685.00
2667.70 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121130619.gif
CFI Group English
21 Nov, 12:16
Crude Oil (WTI) (F5) Intraday: continuation of the rebound.
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 70.90 & 71.60 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
72.00
71.60
70.90
70.28 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121130618.gif
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 70.90 & 71.60 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
72.00
71.60
70.90
70.28 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121130618.gif
CFI Group English
21 Nov, 10:57
Understanding Demo Accounts in Trading: Key Insights for Beginners
Click to find out more:
https://cfi.trade/en/kw/blog/trading/understanding-demo-accounts-in-trading-key-insights-for-beginners
Click to find out more:
https://cfi.trade/en/kw/blog/trading/understanding-demo-accounts-in-trading-key-insights-for-beginners
CFI Group English
21 Nov, 10:38
EUR/USD Intraday: under pressure.
Pivot: 1.0570
Our preference: short positions below 1.0570 with targets at 1.0520 & 1.0495 in extension.
Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.
Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0610
1.0590
1.0570
1.0534 Last
1.0520
1.0495
1.0470
https://charts.tradingcentral.com/charts/74_20241121112235.gif
Pivot: 1.0570
Our preference: short positions below 1.0570 with targets at 1.0520 & 1.0495 in extension.
Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.
Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0610
1.0590
1.0570
1.0534 Last
1.0520
1.0495
1.0470
https://charts.tradingcentral.com/charts/74_20241121112235.gif
CFI Group English
21 Nov, 10:37
Crude Oil (WTI) (F5) Intraday: rebound.
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
70.75
70.30
69.90
69.55 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121111651.gif
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
70.75
70.30
69.90
69.55 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121111651.gif
CFI Group English
21 Nov, 10:36
Gold Intraday: further advance.
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2685.00
2675.00
2670.29 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121111426.gif
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2685.00
2675.00
2670.29 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121111426.gif
CFI Group English
21 Nov, 09:07
Crude Oil (WTI) (F5) Intraday: rebound.
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
70.75
70.30
69.90
69.38 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121085702.gif
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
70.75
70.30
69.90
69.38 Last
68.85
68.50
68.20
https://charts.tradingcentral.com/charts/174_20241121085702.gif
CFI Group English
21 Nov, 09:05
Gold Intraday: further advance.
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2685.00
2675.00
2662.49 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121085415.gif
Pivot: 2645.00
Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.
Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2700.00
2685.00
2675.00
2662.49 Last
2645.00
2635.00
2627.00
https://charts.tradingcentral.com/charts/169_20241121085415.gif
CFI Group English
21 Nov, 09:03
EUR/USD Intraday: continuation of the rebound.
Pivot: 1.0525
Our preference: long positions above 1.0525 with targets at 1.0565 & 1.0580 in extension.
Alternative scenario: below 1.0525 look for further downside with 1.0505 & 1.0490 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
1.0595
1.0580
1.0565
1.0549 Last
1.0525
1.0505
1.0490
https://charts.tradingcentral.com/charts/74_20241121071624.gif
Pivot: 1.0525
Our preference: long positions above 1.0525 with targets at 1.0565 & 1.0580 in extension.
Alternative scenario: below 1.0525 look for further downside with 1.0505 & 1.0490 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
1.0595
1.0580
1.0565
1.0549 Last
1.0525
1.0505
1.0490
https://charts.tradingcentral.com/charts/74_20241121071624.gif
CFI Group English
21 Nov, 07:38
5 Things to know for today:
🛢 Yesterday, the Crude Oil Inventory report was released, showing a negative reading as it increased to 0.5 million barrels, higher than the expected -0.1 million. This reading is considered negative for oil prices!
📊 NVIDIA announced its third-quarter results for 2024, reporting a rise in earnings per share to $0.81 and record-breaking revenues of $35.1 billion. These positive results reflect the ongoing boom in the artificial intelligence sector!
🚀 Bitcoin continues to soar, reaching a new all-time high of $97,915, just $3,000 away from the $100,000 mark. These gains are driven by the positive cryptocurrency policies of the Trump administration!
🇺🇸 Markets are awaiting the U.S. unemployment claims report today, with expectations indicating a rise to 220,000. Any reading above expectations would be considered negative for the U.S. dollar!
🥇 Gold prices have risen for the fourth consecutive day due to increased demand for safe-haven assets amid concerns over escalating tensions between Russia and Ukraine in Europe!
🛢 Yesterday, the Crude Oil Inventory report was released, showing a negative reading as it increased to 0.5 million barrels, higher than the expected -0.1 million. This reading is considered negative for oil prices!
📊 NVIDIA announced its third-quarter results for 2024, reporting a rise in earnings per share to $0.81 and record-breaking revenues of $35.1 billion. These positive results reflect the ongoing boom in the artificial intelligence sector!
🚀 Bitcoin continues to soar, reaching a new all-time high of $97,915, just $3,000 away from the $100,000 mark. These gains are driven by the positive cryptocurrency policies of the Trump administration!
🇺🇸 Markets are awaiting the U.S. unemployment claims report today, with expectations indicating a rise to 220,000. Any reading above expectations would be considered negative for the U.S. dollar!
🥇 Gold prices have risen for the fourth consecutive day due to increased demand for safe-haven assets amid concerns over escalating tensions between Russia and Ukraine in Europe!
CFI Group English
21 Nov, 07:05
📊Company: NVIDIA (NVDA)
EPS:
Actual: $ 0.81
Forecast: $ 0.75
Revenue:
Actual: 35.1B
Forecast: 33.09B
EPS:
Actual: $ 0.81
Forecast: $ 0.75
Revenue:
Actual: 35.1B
Forecast: 33.09B
CFI Group English
15 Nov, 16:29
Gold Intraday: the upside prevails.
Pivot: 2555.00
Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.
Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2617.00
2601.00
2587.00
2572.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115170508.gif
Pivot: 2555.00
Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.
Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2617.00
2601.00
2587.00
2572.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115170508.gif
CFI Group English
15 Nov, 16:26
Crude Oil (WTI) (Z4) Intraday: intraday support around 67.50.
Pivot: 67.50
Our preference: long positions above 67.50 with targets at 68.80 & 69.40 in extension.
Alternative scenario: below 67.50 look for further downside with 67.00 & 66.30 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
69.90
69.40
68.80
68.39 Last
67.50
67.00
66.30
https://charts.tradingcentral.com/charts/174_20241115170509.gif
Pivot: 67.50
Our preference: long positions above 67.50 with targets at 68.80 & 69.40 in extension.
Alternative scenario: below 67.50 look for further downside with 67.00 & 66.30 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
69.90
69.40
68.80
68.39 Last
67.50
67.00
66.30
https://charts.tradingcentral.com/charts/174_20241115170509.gif
CFI Group English
15 Nov, 12:14
Gold Intraday: continuation of the rebound.
Pivot: 2560.00
Our preference: long positions above 2560.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2560.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2601.00
2587.00
2577.00
2571.96 Last
2560.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115131104.gif
Pivot: 2560.00
Our preference: long positions above 2560.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2560.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
2601.00
2587.00
2577.00
2571.96 Last
2560.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115131104.gif
CFI Group English
15 Nov, 12:11
EUR/USD Intraday: further advance.
Pivot: 1.0540
Our preference: long positions above 1.0540 with targets at 1.0600 & 1.0625 in extension.
Alternative scenario: below 1.0540 look for further downside with 1.0515 & 1.0495 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0645
1.0625
1.0600
1.0578 Last
1.0540
1.0515
1.0495
https://charts.tradingcentral.com/charts/74_20241115124745.gif
Pivot: 1.0540
Our preference: long positions above 1.0540 with targets at 1.0600 & 1.0625 in extension.
Alternative scenario: below 1.0540 look for further downside with 1.0515 & 1.0495 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0645
1.0625
1.0600
1.0578 Last
1.0540
1.0515
1.0495
https://charts.tradingcentral.com/charts/74_20241115124745.gif
CFI Group English
15 Nov, 10:39
EUR/USD Intraday: continuation of the rebound.
Pivot: 1.0535
Our preference: long positions above 1.0535 with targets at 1.0600 & 1.0625 in extension.
Alternative scenario: below 1.0535 look for further downside with 1.0515 & 1.0495 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.0645
1.0625
1.0600
1.0571 Last
1.0535
1.0515
1.0495
https://charts.tradingcentral.com/charts/74_20241115110319.gif
Pivot: 1.0535
Our preference: long positions above 1.0535 with targets at 1.0600 & 1.0625 in extension.
Alternative scenario: below 1.0535 look for further downside with 1.0515 & 1.0495 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.0645
1.0625
1.0600
1.0571 Last
1.0535
1.0515
1.0495
https://charts.tradingcentral.com/charts/74_20241115110319.gif
CFI Group English
15 Nov, 10:38
Gold Intraday: intraday support around 2552.00.
Pivot: 2552.00
Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2601.00
2587.00
2577.00
2566.88 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115111939.gif
Pivot: 2552.00
Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
2601.00
2587.00
2577.00
2566.88 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115111939.gif
CFI Group English
15 Nov, 10:37
Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot: 68.40
Our preference: short positions below 68.40 with targets at 67.00 & 66.30 in extension.
Alternative scenario: above 68.40 look for further upside with 69.00 & 69.40 as targets.
Comment: as long as 68.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
69.40
69.00
68.40
67.96 Last
67.00
66.30
65.50
https://charts.tradingcentral.com/charts/174_20241115112506.gif
Pivot: 68.40
Our preference: short positions below 68.40 with targets at 67.00 & 66.30 in extension.
Alternative scenario: above 68.40 look for further upside with 69.00 & 69.40 as targets.
Comment: as long as 68.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
69.40
69.00
68.40
67.96 Last
67.00
66.30
65.50
https://charts.tradingcentral.com/charts/174_20241115112506.gif
CFI Group English
15 Nov, 09:05
Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot: 68.40
Our preference: short positions below 68.40 with targets at 67.00 & 66.30 in extension.
Alternative scenario: above 68.40 look for further upside with 69.00 & 69.40 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
69.40
69.00
68.40
67.56 Last
67.00
66.30
65.50
https://charts.tradingcentral.com/charts/174_20241115091130.gif
Pivot: 68.40
Our preference: short positions below 68.40 with targets at 67.00 & 66.30 in extension.
Alternative scenario: above 68.40 look for further upside with 69.00 & 69.40 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
69.40
69.00
68.40
67.56 Last
67.00
66.30
65.50
https://charts.tradingcentral.com/charts/174_20241115091130.gif
CFI Group English
15 Nov, 09:04
Gold Intraday: bullish bias above 2552.00.
Pivot: 2552.00
Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
2601.00
2587.00
2577.00
2566.03 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115090929.gif
Pivot: 2552.00
Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.
Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
2601.00
2587.00
2577.00
2566.03 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115090929.gif
CFI Group English
15 Nov, 09:03
EUR/USD Intraday: key resistance at 1.0580.
Pivot: 1.0580
Our preference: short positions below 1.0580 with targets at 1.0495 & 1.0475 in extension.
Alternative scenario: above 1.0580 look for further upside with 1.0600 & 1.0625 as targets.
Comment: as long as the resistance at 1.0580 is not surpassed, the risk of the break below 1.0495 remains high.
Supports and resistances:
1.0625
1.0600
1.0580
1.0540 Last
1.0495
1.0475
1.0455
https://charts.tradingcentral.com/charts/74_20241115065241.gif
Pivot: 1.0580
Our preference: short positions below 1.0580 with targets at 1.0495 & 1.0475 in extension.
Alternative scenario: above 1.0580 look for further upside with 1.0600 & 1.0625 as targets.
Comment: as long as the resistance at 1.0580 is not surpassed, the risk of the break below 1.0495 remains high.
Supports and resistances:
1.0625
1.0600
1.0580
1.0540 Last
1.0495
1.0475
1.0455
https://charts.tradingcentral.com/charts/74_20241115065241.gif
CFI Group English
14 Nov, 16:23
EUR/USD intraday: the upside prevails as long as 1.0544 is support
1.0544 is our pivot point.
Our preference: the upside prevails as long as 1.0544 is support.
Alternative scenario: below 1.0544, expect 1.0516 and 1.0500.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0539 and 1.0552).
Supports and resistances:
1.0657 **
1.0641 *
1.0624 **
1.0608
1.0570 last
1.0555
1.0544 **
1.0516 *
1.0500 **
https://charts.tradingcentral.com/charts/eureur241114171628.gif
1.0544 is our pivot point.
Our preference: the upside prevails as long as 1.0544 is support.
Alternative scenario: below 1.0544, expect 1.0516 and 1.0500.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0539 and 1.0552).
Supports and resistances:
1.0657 **
1.0641 *
1.0624 **
1.0608
1.0570 last
1.0555
1.0544 **
1.0516 *
1.0500 **
https://charts.tradingcentral.com/charts/eureur241114171628.gif
CFI Group English
14 Nov, 12:15
Crude Oil (WTI) (Z4) Intraday: continuation of the rebound.
Pivot: 68.10
Our preference: long positions above 68.10 with targets at 69.10 & 69.90 in extension.
Alternative scenario: below 68.10 look for further downside with 67.60 & 67.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
70.55
69.90
69.10
68.74 Last
68.10
67.60
67.00
https://charts.tradingcentral.com/charts/174_20241114124912.gif
Pivot: 68.10
Our preference: long positions above 68.10 with targets at 69.10 & 69.90 in extension.
Alternative scenario: below 68.10 look for further downside with 67.60 & 67.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
70.55
69.90
69.10
68.74 Last
68.10
67.60
67.00
https://charts.tradingcentral.com/charts/174_20241114124912.gif
CFI Group English
14 Nov, 12:15
EUR/USD Intraday: the downside prevails.
Pivot: 1.0555
Our preference: short positions below 1.0555 with targets at 1.0460 & 1.0425 in extension.
Alternative scenario: above 1.0555 look for further upside with 1.0590 & 1.0625 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1.0625
1.0590
1.0555
1.0506 Last
1.0460
1.0425
1.0400
https://charts.tradingcentral.com/charts/74_20241114124853.gif
Pivot: 1.0555
Our preference: short positions below 1.0555 with targets at 1.0460 & 1.0425 in extension.
Alternative scenario: above 1.0555 look for further upside with 1.0590 & 1.0625 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1.0625
1.0590
1.0555
1.0506 Last
1.0460
1.0425
1.0400
https://charts.tradingcentral.com/charts/74_20241114124853.gif
CFI Group English
14 Nov, 10:39
Gold Intraday: the downside prevails.
Pivot: 2565.00
Our preference: short positions below 2565.00 with targets at 2500.00 & 2470.00 in extension.
Alternative scenario: above 2565.00 look for further upside with 2585.00 & 2605.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2605.00
2585.00
2565.00
2536.83 Last
2500.00
2470.00
2434.00
https://charts.tradingcentral.com/charts/169_20241114112507.gif
Pivot: 2565.00
Our preference: short positions below 2565.00 with targets at 2500.00 & 2470.00 in extension.
Alternative scenario: above 2565.00 look for further upside with 2585.00 & 2605.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2605.00
2585.00
2565.00
2536.83 Last
2500.00
2470.00
2434.00
https://charts.tradingcentral.com/charts/169_20241114112507.gif
CFI Group English
08 Nov, 16:18
Gold Intraday: intraday support around 2680.00.
Pivot: 2680.00
Our preference: long positions above 2680.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario: below 2680.00 look for further downside with 2657.00 & 2643.00 as targets.
Comment: the next resistances are at 2710.00 and then at 2728.00.
Supports and resistances:
2749.00
2728.00
2710.00
2686.00 Last
2680.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108170233.gif
Pivot: 2680.00
Our preference: long positions above 2680.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario: below 2680.00 look for further downside with 2657.00 & 2643.00 as targets.
Comment: the next resistances are at 2710.00 and then at 2728.00.
Supports and resistances:
2749.00
2728.00
2710.00
2686.00 Last
2680.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108170233.gif
CFI Group English
08 Nov, 16:17
Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot: 71.00
Our preference: short positions below 71.00 with targets at 69.75 & 69.30 in extension.
Alternative scenario: above 71.00 look for further upside with 71.70 & 72.25 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
72.25
71.70
71.00
70.32 Last
69.75
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241108170455.gif
Pivot: 71.00
Our preference: short positions below 71.00 with targets at 69.75 & 69.30 in extension.
Alternative scenario: above 71.00 look for further upside with 71.70 & 72.25 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
72.25
71.70
71.00
70.32 Last
69.75
69.30
68.90
https://charts.tradingcentral.com/charts/174_20241108170455.gif
CFI Group English
08 Nov, 15:46
EUR/USD intraday: below its lower Bollinger band
Our pivot point stands at 1.0770.
Our preference: the downside prevails as long as 1.0770 is resistance.
Alternative scenario: the upside breakout of 1.0770, would call for 1.0792 and 1.0806.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0773 and 1.0786). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0748).
Supports and resistances:
1.0806 **
1.0792 *
1.0770 **
1.0761
1.0743 last
1.0713
1.0699 **
1.0686 *
1.0672 **
https://charts.tradingcentral.com/charts/eureur241108163320.gif
Our pivot point stands at 1.0770.
Our preference: the downside prevails as long as 1.0770 is resistance.
Alternative scenario: the upside breakout of 1.0770, would call for 1.0792 and 1.0806.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0773 and 1.0786). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0748).
Supports and resistances:
1.0806 **
1.0792 *
1.0770 **
1.0761
1.0743 last
1.0713
1.0699 **
1.0686 *
1.0672 **
https://charts.tradingcentral.com/charts/eureur241108163320.gif
CFI Group English
08 Nov, 15:02
Prelim UoM Consumer Sentiment (USD) 🇺🇸
Prelim UoM Inflation Expectations (USD) 🇺🇸
Prelim UoM Inflation Expectations (USD) 🇺🇸
CFI Group English
08 Nov, 14:15
Gold Intraday: turning up.
Pivot: 2680.00
Our preference: long positions above 2680.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario: below 2680.00 look for further downside with 2657.00 & 2643.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2749.00
2728.00
2710.00
2699.70 Last
2680.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108150706.gif
Pivot: 2680.00
Our preference: long positions above 2680.00 with targets at 2710.00 & 2728.00 in extension.
Alternative scenario: below 2680.00 look for further downside with 2657.00 & 2643.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2749.00
2728.00
2710.00
2699.70 Last
2680.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108150706.gif
CFI Group English
08 Nov, 14:14
Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot: 71.70
Our preference: short positions below 71.70 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 71.70 look for further upside with 72.25 & 72.75 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
72.75
72.25
71.70
71.23 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108150916.gif
Pivot: 71.70
Our preference: short positions below 71.70 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 71.70 look for further upside with 72.25 & 72.75 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
72.75
72.25
71.70
71.23 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108150916.gif
CFI Group English
08 Nov, 12:22
EUR/USD Intraday: bullish bias above 1.0760.
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0777 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108131505.gif
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0777 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108131505.gif
CFI Group English
08 Nov, 10:37
Gold Intraday: consolidation in place.
Pivot: 2700.00
Our preference: short positions below 2700.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario: above 2700.00 look for further upside with 2710.00 & 2728.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2728.00
2710.00
2700.00
2687.59 Last
2668.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108111826.gif
Pivot: 2700.00
Our preference: short positions below 2700.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario: above 2700.00 look for further upside with 2710.00 & 2728.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2728.00
2710.00
2700.00
2687.59 Last
2668.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108111826.gif
CFI Group English
08 Nov, 10:36
Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot: 71.70
Our preference: short positions below 71.70 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 71.70 look for further upside with 72.25 & 72.75 as targets.
Comment: the break below the support at 71.70 triggered a bearish acceleration to the support at 70.70.
Supports and resistances:
72.75
72.25
71.70
71.22 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108111825.gif
Pivot: 71.70
Our preference: short positions below 71.70 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 71.70 look for further upside with 72.25 & 72.75 as targets.
Comment: the break below the support at 71.70 triggered a bearish acceleration to the support at 70.70.
Supports and resistances:
72.75
72.25
71.70
71.22 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108111825.gif
CFI Group English
08 Nov, 10:08
EUR/USD Intraday: intraday support around 1.0760.
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0776 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108110638.gif
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0776 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108110638.gif
CFI Group English
08 Nov, 09:04
Crude Oil (WTI) (Z4) Intraday: turning down.
Pivot: 72.25
Our preference: short positions below 72.25 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 72.25 look for further upside with 72.75 & 73.30 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
73.30
72.75
72.25
71.40 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108092657.gif
Pivot: 72.25
Our preference: short positions below 72.25 with targets at 70.70 & 70.20 in extension.
Alternative scenario: above 72.25 look for further upside with 72.75 & 73.30 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
73.30
72.75
72.25
71.40 Last
70.70
70.20
69.75
https://charts.tradingcentral.com/charts/174_20241108092657.gif
CFI Group English
08 Nov, 09:03
Gold Intraday: towards 2657.00.
Pivot: 2700.00
Our preference: short positions below 2700.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario: above 2700.00 look for further upside with 2710.00 & 2728.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2728.00
2710.00
2700.00
2687.00 Last
2668.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108085821.gif
Pivot: 2700.00
Our preference: short positions below 2700.00 with targets at 2668.00 & 2657.00 in extension.
Alternative scenario: above 2700.00 look for further upside with 2710.00 & 2728.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2728.00
2710.00
2700.00
2687.00 Last
2668.00
2657.00
2643.00
https://charts.tradingcentral.com/charts/169_20241108085821.gif
CFI Group English
08 Nov, 09:02
EUR/USD Intraday: consolidation.
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0783 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108070418.gif
Pivot: 1.0760
Our preference: long positions above 1.0760 with targets at 1.0825 & 1.0855 in extension.
Alternative scenario: below 1.0760 look for further downside with 1.0730 & 1.0710 as targets.
Comment: a support base at 1.0760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0885
1.0855
1.0825
1.0783 Last
1.0760
1.0730
1.0710
https://charts.tradingcentral.com/charts/74_20241108070418.gif
CFI Group English
08 Nov, 07:16
📊Company: Motorola (MSI)
EPS:
Actual: $ 3.74
Forecast: $ 3.37
Revenue:
Actual: 2.79B
Forecast: 2.76B
EPS:
Actual: $ 3.74
Forecast: $ 3.37
Revenue:
Actual: 2.79B
Forecast: 2.76B
CFI Group English
08 Nov, 07:14
📊Company: Airbnb (ABNB)
EPS:
Actual: $ 2.13
Forecast: $ 2.14
Revenue:
Actual: 3.7B
Forecast: 3.72B
EPS:
Actual: $ 2.13
Forecast: $ 2.14
Revenue:
Actual: 3.7B
Forecast: 3.72B
CFI Group English
08 Nov, 07:12
FIVE THINGS TO KNOW
8/11/2024
🔊Yesterday November 7th both the RBA and the Fed cut their rates by 25bps, a move already anticipated by the markets. This leaves both rates at 4.75%.
🇨🇦At 5:30pm GMT+4 today, Statistics Canada would be on the wire with employment change and unemployment rate with forecast of 27.9k and 6.6% respectively. CAD pairs is expected to be volatile in view of these data release.
📈Nissan motor (OTC: NSANY) shares dropped by 10% in Tokyo trading on Friday, following announcement that it would cut 9,000 jobs and reduce manufacturing capacity by 20% due to struggling sales in China and the United States.
🛢Oil prices dipped slightly on Friday as the likelihood of a Gulf of Mexico hurricane significantly impacting U.S oil and gas output lessened.
📊Taiwan Semiconductor Manufacturing Co (NYSE: TSM) reported a slower sales growth rate in October with revenue of T$314.24 billion ($9.80 billion), marking a 24.8% increase from the prior month and a 29.2% rise compared to October 2023.
8/11/2024
🔊Yesterday November 7th both the RBA and the Fed cut their rates by 25bps, a move already anticipated by the markets. This leaves both rates at 4.75%.
🇨🇦At 5:30pm GMT+4 today, Statistics Canada would be on the wire with employment change and unemployment rate with forecast of 27.9k and 6.6% respectively. CAD pairs is expected to be volatile in view of these data release.
📈Nissan motor (OTC: NSANY) shares dropped by 10% in Tokyo trading on Friday, following announcement that it would cut 9,000 jobs and reduce manufacturing capacity by 20% due to struggling sales in China and the United States.
🛢Oil prices dipped slightly on Friday as the likelihood of a Gulf of Mexico hurricane significantly impacting U.S oil and gas output lessened.
📊Taiwan Semiconductor Manufacturing Co (NYSE: TSM) reported a slower sales growth rate in October with revenue of T$314.24 billion ($9.80 billion), marking a 24.8% increase from the prior month and a 29.2% rise compared to October 2023.
CFI Group English
01 Nov, 15:53
Gold Intraday: key resistance at 2761.00.
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2790.00
2777.00
2761.00
2747.50 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101164527.gif
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
2790.00
2777.00
2761.00
2747.50 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101164527.gif
CFI Group English
01 Nov, 15:53
Crude Oil (WTI) (Z4) Intraday: intraday support around 69.75.
Pivot: 69.75
Our preference: long positions above 69.75 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.75 look for further downside with 68.90 & 68.20 as targets.
Comment: the next resistances are at 72.25 and then at 73.00.
Supports and resistances:
73.40
73.00
72.25
70.12 Last
69.75
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101164528.gif
Pivot: 69.75
Our preference: long positions above 69.75 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.75 look for further downside with 68.90 & 68.20 as targets.
Comment: the next resistances are at 72.25 and then at 73.00.
Supports and resistances:
73.40
73.00
72.25
70.12 Last
69.75
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101164528.gif
CFI Group English
01 Nov, 13:50
Gold Intraday: key resistance at 2761.00.
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 2761.00.
Supports and resistances:
2790.00
2777.00
2761.00
2757.83 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101144451.gif
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 2761.00.
Supports and resistances:
2790.00
2777.00
2761.00
2757.83 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101144451.gif
CFI Group English
01 Nov, 13:49
Crude Oil (WTI) (Z4) Intraday: the upside prevails.
Pivot: 69.75
Our preference: long positions above 69.75 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.75 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
73.40
73.00
72.25
71.04 Last
69.75
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101144452.gif
Pivot: 69.75
Our preference: long positions above 69.75 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.75 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
73.40
73.00
72.25
71.04 Last
69.75
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101144452.gif
CFI Group English
01 Nov, 12:31
Average Hourly Earnings m/m USD
Non-farm Employment Change USD
Unemployment Rate USD
Non-farm Employment Change USD
Unemployment Rate USD
CFI Group English
01 Nov, 11:20
5 Things to know for today:
📈Positive results were recorded by Amazon (AMZN) yesterday with earnings per share of $1.43, surpassing expectations, and revenue of $158.9 billion. Markets expect the stock to open higher today, around $198.33!
📊 Apple (AAPL) announced its third-quarter results yesterday, reporting earnings per share of $1.64, above expectations, with revenue of $94.9 billion, also exceeding forecasts!
🇨🇭Monthly inflation in Switzerland declined this morning, with the Consumer Price Index (CPI) registering a negative reading of -0.1%, below expectations of 0.0%. This reading is considered negative for the Swiss franc!
🇺🇸 Today, markets are awaiting the U.S. Non-Farm Payrolls (NFP) report, with forecasts pointing to 106K. A reading above expectations would be positive for the currency. Additionally, the U.S. unemployment rate will be released, with expectations to remain at 4.1%!
🇺🇸The U.S. Manufacturing PMI is also set to be released today, with expectations at 47.6. A reading above expectations would be positive for the U.S. dollar!
📈Positive results were recorded by Amazon (AMZN) yesterday with earnings per share of $1.43, surpassing expectations, and revenue of $158.9 billion. Markets expect the stock to open higher today, around $198.33!
📊 Apple (AAPL) announced its third-quarter results yesterday, reporting earnings per share of $1.64, above expectations, with revenue of $94.9 billion, also exceeding forecasts!
🇨🇭Monthly inflation in Switzerland declined this morning, with the Consumer Price Index (CPI) registering a negative reading of -0.1%, below expectations of 0.0%. This reading is considered negative for the Swiss franc!
🇺🇸 Today, markets are awaiting the U.S. Non-Farm Payrolls (NFP) report, with forecasts pointing to 106K. A reading above expectations would be positive for the currency. Additionally, the U.S. unemployment rate will be released, with expectations to remain at 4.1%!
🇺🇸The U.S. Manufacturing PMI is also set to be released today, with expectations at 47.6. A reading above expectations would be positive for the U.S. dollar!
CFI Group English
01 Nov, 10:10
EUR/USD Intraday: intraday support around 1.0842.
Pivot: 1.0842
Our preference: long positions above 1.0842 with targets at 1.0900 & 1.0915 in extension.
Alternative scenario: below 1.0842 look for further downside with 1.0810 & 1.0790 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
1.0930
1.0915
1.0900
1.0864 Last
1.0842
1.0810
1.0790
https://charts.tradingcentral.com/charts/74_20241101105337.gif
Pivot: 1.0842
Our preference: long positions above 1.0842 with targets at 1.0900 & 1.0915 in extension.
Alternative scenario: below 1.0842 look for further downside with 1.0810 & 1.0790 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
1.0930
1.0915
1.0900
1.0864 Last
1.0842
1.0810
1.0790
https://charts.tradingcentral.com/charts/74_20241101105337.gif
CFI Group English
01 Nov, 10:07
Gold Intraday: consolidation in place.
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: as long as 2761.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2790.00
2777.00
2761.00
2752.30 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101104737.gif
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: as long as 2761.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2790.00
2777.00
2761.00
2752.30 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101104737.gif
CFI Group English
01 Nov, 10:05
Crude Oil (WTI) (Z4) Intraday: the upside prevails.
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.70 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
73.40
73.00
72.25
71.31 Last
69.70
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101104633.gif
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 72.25 & 73.00 in extension.
Alternative scenario: below 69.70 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
73.40
73.00
72.25
71.31 Last
69.70
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101104633.gif
CFI Group English
01 Nov, 09:03
Crude Oil (WTI) (Z4) Intraday: the upside prevails.
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 71.30 & 71.90 in extension.
Alternative scenario: below 69.70 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
72.35
71.90
71.30
70.71 Last
69.70
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101090048.gif
Pivot: 69.70
Our preference: long positions above 69.70 with targets at 71.30 & 71.90 in extension.
Alternative scenario: below 69.70 look for further downside with 68.90 & 68.20 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
72.35
71.90
71.30
70.71 Last
69.70
68.90
68.20
https://charts.tradingcentral.com/charts/174_20241101090048.gif
CFI Group English
01 Nov, 09:03
Gold Intraday: the downside prevails.
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2790.00
2777.00
2761.00
2747.99 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101085746.gif
Pivot: 2761.00
Our preference: short positions below 2761.00 with targets at 2742.00 & 2732.00 in extension.
Alternative scenario: above 2761.00 look for further upside with 2777.00 & 2790.00 as targets.
Comment: the RSI advocates for further downside.
Supports and resistances:
2790.00
2777.00
2761.00
2747.99 Last
2742.00
2732.00
2717.00
https://charts.tradingcentral.com/charts/169_20241101085746.gif
CFI Group English
01 Nov, 09:02
EUR/USD Intraday: supported by a rising trend line.
Pivot: 1.0860
Our preference: long positions above 1.0860 with targets at 1.0900 & 1.0915 in extension.
Alternative scenario: below 1.0860 look for further downside with 1.0845 & 1.0830 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0930
1.0915
1.0900
1.0873 Last
1.0860
1.0845
1.0830
https://charts.tradingcentral.com/charts/74_20241101064246.gif
Pivot: 1.0860
Our preference: long positions above 1.0860 with targets at 1.0900 & 1.0915 in extension.
Alternative scenario: below 1.0860 look for further downside with 1.0845 & 1.0830 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0930
1.0915
1.0900
1.0873 Last
1.0860
1.0845
1.0830
https://charts.tradingcentral.com/charts/74_20241101064246.gif
CFI Group English
01 Nov, 07:13
📊Company: Amazon.com (AMZN)
EPS:
Actual: $1.43
Forecast: $1.14
Revenue:
Actual: 158.9B
Forecast: 157.25B
EPS:
Actual: $1.43
Forecast: $1.14
Revenue:
Actual: 158.9B
Forecast: 157.25B
CFI Group English
01 Nov, 07:11
📊Company: Apple (AAPL)
EPS:
Actual: $1.64
Forecast: $1.6
Revenue:
Actual: 94.9B
Forecast: 94.4B
EPS:
Actual: $1.64
Forecast: $1.6
Revenue:
Actual: 94.9B
Forecast: 94.4B
CFI Group English
31 Oct, 17:01
EUR/USD intraday: as long as 1.0839 is support look for 1.0905
Our pivot point is at 1.0839.
Our preference: as long as 1.0839 is support look for 1.0905.
Alternative scenario: the downside breakout of 1.0839 would call for 1.0815 and 1.0801.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0864) but above its 50 period moving average (1.0859).
Supports and resistances:
1.0933 **
1.0919 *
1.0905 **
1.0890
1.0861 last
1.0848
1.0839 **
1.0815 *
1.0801 **
https://charts.tradingcentral.com/charts/eureur241031174224.gif
Our pivot point is at 1.0839.
Our preference: as long as 1.0839 is support look for 1.0905.
Alternative scenario: the downside breakout of 1.0839 would call for 1.0815 and 1.0801.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0864) but above its 50 period moving average (1.0859).
Supports and resistances:
1.0933 **
1.0919 *
1.0905 **
1.0890
1.0861 last
1.0848
1.0839 **
1.0815 *
1.0801 **
https://charts.tradingcentral.com/charts/eureur241031174224.gif
CFI Group English
25 Oct, 16:57
Gold Intraday: intraday support around 2725.00.
Pivot: 2725.00
Our preference: long positions above 2725.00 with targets at 2747.00 & 2758.00 in extension.
Alternative scenario: below 2725.00 look for further downside with 2717.00 & 2709.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2770.00
2758.00
2747.00
2736.00 Last
2725.00
2717.00
2709.00
https://charts.tradingcentral.com/charts/169_20241025183408.gif
Pivot: 2725.00
Our preference: long positions above 2725.00 with targets at 2747.00 & 2758.00 in extension.
Alternative scenario: below 2725.00 look for further downside with 2717.00 & 2709.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2770.00
2758.00
2747.00
2736.00 Last
2725.00
2717.00
2709.00
https://charts.tradingcentral.com/charts/169_20241025183408.gif
CFI Group English
25 Oct, 16:56
Crude Oil (WTI) (Z4) Intraday: target 72.35.
Pivot: 70.65
Our preference: long positions above 70.65 with targets at 72.35 & 72.80 in extension.
Alternative scenario: below 70.65 look for further downside with 70.15 & 69.80 as targets.
Comment: the break above 70.65 is a positive signal that has opened a path to 72.35.
Supports and resistances:
73.40
72.80
72.35
71.34 Last
70.65
70.15
69.80
https://charts.tradingcentral.com/charts/174_20241025183408.gif
Pivot: 70.65
Our preference: long positions above 70.65 with targets at 72.35 & 72.80 in extension.
Alternative scenario: below 70.65 look for further downside with 70.15 & 69.80 as targets.
Comment: the break above 70.65 is a positive signal that has opened a path to 72.35.
Supports and resistances:
73.40
72.80
72.35
71.34 Last
70.65
70.15
69.80
https://charts.tradingcentral.com/charts/174_20241025183408.gif
CFI Group English
25 Oct, 14:51
EUR/USD intraday: the upside prevails as long as 1.0814 is support
Our pivot point is at 1.0814.
Our preference: the upside prevails as long as 1.0814 is support.
Alternative scenario: below 1.0814, expect 1.0791 and 1.0777.
Comment: the RSI is above 50. 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 1.0826 and 1.0822).
Supports and resistances:
1.0905 **
1.0892 *
1.0878 **
1.0865
1.0836 last
1.0822
1.0814 **
1.0791 *
1.0777 **
https://charts.tradingcentral.com/charts/eureur241025161656.gif
Our pivot point is at 1.0814.
Our preference: the upside prevails as long as 1.0814 is support.
Alternative scenario: below 1.0814, expect 1.0791 and 1.0777.
Comment: the RSI is above 50. 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 1.0826 and 1.0822).
Supports and resistances:
1.0905 **
1.0892 *
1.0878 **
1.0865
1.0836 last
1.0822
1.0814 **
1.0791 *
1.0777 **
https://charts.tradingcentral.com/charts/eureur241025161656.gif
CFI Group English
25 Oct, 13:49
Gold Intraday: key resistance at 2733.00.
Pivot: 2733.00
Our preference: short positions below 2733.00 with targets at 2709.00 & 2700.00 in extension.
Alternative scenario: above 2733.00 look for further upside with 2747.00 & 2758.00 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
2758.00
2747.00
2733.00
2727.10 Last
2709.00
2700.00
2680.00
https://charts.tradingcentral.com/charts/169_20241025153808.gif
Pivot: 2733.00
Our preference: short positions below 2733.00 with targets at 2709.00 & 2700.00 in extension.
Alternative scenario: above 2733.00 look for further upside with 2747.00 & 2758.00 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
2758.00
2747.00
2733.00
2727.10 Last
2709.00
2700.00
2680.00
https://charts.tradingcentral.com/charts/169_20241025153808.gif
CFI Group English
25 Oct, 13:48
Crude Oil (WTI) (Z4) Intraday: further upside.
Pivot: 70.65
Our preference: long positions above 70.65 with targets at 71.70 & 72.35 in extension.
Alternative scenario: below 70.65 look for further downside with 70.15 & 69.80 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
72.80
72.35
71.70
71.32 Last
70.65
70.15
69.80
https://charts.tradingcentral.com/charts/174_20241025153809.gif
Pivot: 70.65
Our preference: long positions above 70.65 with targets at 71.70 & 72.35 in extension.
Alternative scenario: below 70.65 look for further downside with 70.15 & 69.80 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
72.80
72.35
71.70
71.32 Last
70.65
70.15
69.80
https://charts.tradingcentral.com/charts/174_20241025153809.gif
CFI Group English
25 Oct, 12:32
Core Retail Sales m/m CAD
Retail Sales m/m CAD
Core Durable Goods Orders m/m USD
Durable Goods Orders m/m USD
Retail Sales m/m CAD
Core Durable Goods Orders m/m USD
Durable Goods Orders m/m USD
CFI Group English
25 Oct, 11:41
Crude Oil (WTI) (Z4) Intraday: limited upside.
Pivot: 70.15
Our preference: long positions above 70.15 with targets at 71.00 & 71.50 in extension.
Alternative scenario: below 70.15 look for further downside with 69.85 & 69.40 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
72.35
71.50
71.00
70.63 Last
70.15
69.85
69.40
https://charts.tradingcentral.com/charts/174_20241025132608.gif
Pivot: 70.15
Our preference: long positions above 70.15 with targets at 71.00 & 71.50 in extension.
Alternative scenario: below 70.15 look for further downside with 69.85 & 69.40 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
72.35
71.50
71.00
70.63 Last
70.15
69.85
69.40
https://charts.tradingcentral.com/charts/174_20241025132608.gif
CFI Group English
25 Oct, 11:41
EUR/USD Intraday: bullish bias above 1.0810.
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the break above 1.0810 is a positive signal that has opened a path to 1.0840.
Supports and resistances:
1.0870
1.0855
1.0840
1.0825 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025131847.gif
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the break above 1.0810 is a positive signal that has opened a path to 1.0840.
Supports and resistances:
1.0870
1.0855
1.0840
1.0825 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025131847.gif
CFI Group English
25 Oct, 09:35
Crude Oil (WTI) (Z4) Intraday: key resistance at 70.65.
Pivot: 70.65
Our preference: short positions below 70.65 with targets at 69.85 & 69.40 in extension.
Alternative scenario: above 70.65 look for further upside with 71.00 & 71.50 as targets.
Comment: as long as the resistance at 70.65 is not surpassed, the risk of the break below 69.85 remains high.
Supports and resistances:
71.50
71.00
70.65
70.29 Last
69.85
69.40
68.90
https://charts.tradingcentral.com/charts/174_20241025112303.gif
Pivot: 70.65
Our preference: short positions below 70.65 with targets at 69.85 & 69.40 in extension.
Alternative scenario: above 70.65 look for further upside with 71.00 & 71.50 as targets.
Comment: as long as the resistance at 70.65 is not surpassed, the risk of the break below 69.85 remains high.
Supports and resistances:
71.50
71.00
70.65
70.29 Last
69.85
69.40
68.90
https://charts.tradingcentral.com/charts/174_20241025112303.gif
CFI Group English
25 Oct, 09:34
Gold Intraday: consolidation in place.
Pivot: 2733.00
Our preference: short positions below 2733.00 with targets at 2709.00 & 2700.00 in extension.
Alternative scenario: above 2733.00 look for further upside with 2747.00 & 2758.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2758.00
2747.00
2733.00
2719.22 Last
2709.00
2700.00
2680.00
https://charts.tradingcentral.com/charts/169_20241025112304.gif
Pivot: 2733.00
Our preference: short positions below 2733.00 with targets at 2709.00 & 2700.00 in extension.
Alternative scenario: above 2733.00 look for further upside with 2747.00 & 2758.00 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
2758.00
2747.00
2733.00
2719.22 Last
2709.00
2700.00
2680.00
https://charts.tradingcentral.com/charts/169_20241025112304.gif
CFI Group English
25 Oct, 09:33
EUR/USD Intraday: further advance.
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0870
1.0855
1.0840
1.0823 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025105841.gif
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0870
1.0855
1.0840
1.0823 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025105841.gif
CFI Group English
25 Oct, 09:03
EUR/USD Intraday: further advance.
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0870
1.0855
1.0840
1.0823 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025105841.gif
Pivot: 1.0810
Our preference: long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1.0870
1.0855
1.0840
1.0823 Last
1.0810
1.0790
1.0770
https://charts.tradingcentral.com/charts/74_20241025105841.gif
CFI Group English
25 Oct, 09:02
Gold Intraday: intraday support around 2722.00.
Pivot: 2722.00
Our preference: long positions above 2722.00 with targets at 2738.00 & 2747.00 in extension.
Alternative scenario: below 2722.00 look for further downside with 2715.00 & 2708.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2758.00
2747.00
2738.00
2728.83 Last
2722.00
2715.00
2708.00
https://charts.tradingcentral.com/charts/169_20241025093007.gif
Pivot: 2722.00
Our preference: long positions above 2722.00 with targets at 2738.00 & 2747.00 in extension.
Alternative scenario: below 2722.00 look for further downside with 2715.00 & 2708.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
2758.00
2747.00
2738.00
2728.83 Last
2722.00
2715.00
2708.00
https://charts.tradingcentral.com/charts/169_20241025093007.gif
CFI Group English
25 Oct, 09:02
Crude Oil (WTI) (Z4) Intraday: expect 69.40.
Pivot: 70.85
Our preference: short positions below 70.85 with targets at 69.85 & 69.40 in extension.
Alternative scenario: above 70.85 look for further upside with 71.30 & 71.80 as targets.
Comment: as long as the resistance at 70.85 is not surpassed, the risk of the break below 69.85 remains high.
Supports and resistances:
71.80
71.30
70.85
70.39 Last
69.85
69.40
68.90
https://charts.tradingcentral.com/charts/174_20241025092804.gif
Pivot: 70.85
Our preference: short positions below 70.85 with targets at 69.85 & 69.40 in extension.
Alternative scenario: above 70.85 look for further upside with 71.30 & 71.80 as targets.
Comment: as long as the resistance at 70.85 is not surpassed, the risk of the break below 69.85 remains high.
Supports and resistances:
71.80
71.30
70.85
70.39 Last
69.85
69.40
68.90
https://charts.tradingcentral.com/charts/174_20241025092804.gif
CFI Group English
25 Oct, 07:42
FIVE THINGS TO KNOW
25/10/2024
🔊As the trading week concludes, markets are awaiting Canada’s core retail sales and retail sales data, both set for release at 4:30 pm GMT+4, with forecasts of 0.3% and 0.5%, respectively. Readings above these forecasts are expected to boost the CAD.
📊Australian stocks closed higher on Friday, with gains in the IT, Healthcare, Metals and Mining sectors driving the market up. By the close in Sydney, the S&P/ASX 200 rose 0.06%.
📈Sanofi (SNY) reported stronger than expected earnings growth for the third quarter on Friday. Business operating income, excluding one off item rose 14.4% to 4.6 billion euros ($5.0 billion), exceeding the average analyst estimate of 4 billion euros according to a poll.
🛢Oil prices edged up on Friday, setting up for a weekly gain of over 1%. Brent rose 18 cents or 0.2% to $74.56 a barrel, while WTI increased by 15 cents or 0.2% to around $70.34 a barrel.
🥇Gold prices edged down slightly in Asian trading on Friday, staying close to the record highs reached earlier in the week. Gold spot price is currently pulling back toward the $2,715 support level in anticipation of the next move.
25/10/2024
🔊As the trading week concludes, markets are awaiting Canada’s core retail sales and retail sales data, both set for release at 4:30 pm GMT+4, with forecasts of 0.3% and 0.5%, respectively. Readings above these forecasts are expected to boost the CAD.
📊Australian stocks closed higher on Friday, with gains in the IT, Healthcare, Metals and Mining sectors driving the market up. By the close in Sydney, the S&P/ASX 200 rose 0.06%.
📈Sanofi (SNY) reported stronger than expected earnings growth for the third quarter on Friday. Business operating income, excluding one off item rose 14.4% to 4.6 billion euros ($5.0 billion), exceeding the average analyst estimate of 4 billion euros according to a poll.
🛢Oil prices edged up on Friday, setting up for a weekly gain of over 1%. Brent rose 18 cents or 0.2% to $74.56 a barrel, while WTI increased by 15 cents or 0.2% to around $70.34 a barrel.
🥇Gold prices edged down slightly in Asian trading on Friday, staying close to the record highs reached earlier in the week. Gold spot price is currently pulling back toward the $2,715 support level in anticipation of the next move.
CFI Group English
24 Oct, 15:59
EUR/USD intraday: as long as 1.0778 is support look for 1.0842
Our pivot point is at 1.0778.
Our preference: as long as 1.0778 is support look for 1.0842.
Alternative scenario: below 1.0778, expect 1.0756 and 1.0742.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0797 and 1.0788).
Supports and resistances:
1.0868 **
1.0855 *
1.0842 **
1.0828
1.0800 last
1.0787
1.0778 **
1.0756 *
1.0742 **
https://charts.tradingcentral.com/charts/eureur241024174636.gif
Our pivot point is at 1.0778.
Our preference: as long as 1.0778 is support look for 1.0842.
Alternative scenario: below 1.0778, expect 1.0756 and 1.0742.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0797 and 1.0788).
Supports and resistances:
1.0868 **
1.0855 *
1.0842 **
1.0828
1.0800 last
1.0787
1.0778 **
1.0756 *
1.0742 **
https://charts.tradingcentral.com/charts/eureur241024174636.gif
CFI Group English
18 Oct, 15:23
Gold Intraday: further upside.
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
2760.00
2742.00
2724.00
2716.14 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018171350.gif
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
2760.00
2742.00
2724.00
2716.14 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018171350.gif
CFI Group English
18 Oct, 15:21
Crude Oil (WTI) (X4) Intraday: under pressure.
Pivot: 70.00
Our preference: short positions below 70.00 with targets at 68.40 & 67.80 in extension.
Alternative scenario: above 70.00 look for further upside with 70.70 & 71.20 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
71.20
70.70
70.00
69.09 Last
68.40
67.80
66.80
https://charts.tradingcentral.com/charts/174_20241018171350.gif
Pivot: 70.00
Our preference: short positions below 70.00 with targets at 68.40 & 67.80 in extension.
Alternative scenario: above 70.00 look for further upside with 70.70 & 71.20 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
71.20
70.70
70.00
69.09 Last
68.40
67.80
66.80
https://charts.tradingcentral.com/charts/174_20241018171350.gif
CFI Group English
18 Oct, 14:59
EUR/USD intraday: the upside prevails as long as 1.0840 is support
Our pivot point stands at 1.0840.
Our preference: the upside prevails as long as 1.0840 is support.
Alternative scenario: the downside breakout of 1.0840 would call for 1.0817 and 1.0803.
Comment: the RSI is above its neutrality area at 50. 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 1.0847 and 1.0837).
Supports and resistances:
1.0930 **
1.0917 *
1.0903 **
1.0889
1.0859 last
1.0849
1.0840 **
1.0817 *
1.0803 **
https://charts.tradingcentral.com/charts/eureur241018164835.gif
Our pivot point stands at 1.0840.
Our preference: the upside prevails as long as 1.0840 is support.
Alternative scenario: the downside breakout of 1.0840 would call for 1.0817 and 1.0803.
Comment: the RSI is above its neutrality area at 50. 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 1.0847 and 1.0837).
Supports and resistances:
1.0930 **
1.0917 *
1.0903 **
1.0889
1.0859 last
1.0849
1.0840 **
1.0817 *
1.0803 **
https://charts.tradingcentral.com/charts/eureur241018164835.gif
CFI Group English
18 Oct, 14:27
Gold Intraday: further upside.
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
2760.00
2742.00
2724.00
2714.87 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018161421.gif
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
2760.00
2742.00
2724.00
2714.87 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018161421.gif
CFI Group English
18 Oct, 14:17
Crude Oil (WTI) (X4) Intraday: under pressure.
Pivot: 70.70
Our preference: short positions below 70.70 with targets at 69.00 & 68.40 in extension.
Alternative scenario: above 70.70 look for further upside with 71.20 & 72.10 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
72.10
71.20
70.70
69.64 Last
69.00
68.40
67.80
Pivot: 70.70
Our preference: short positions below 70.70 with targets at 69.00 & 68.40 in extension.
Alternative scenario: above 70.70 look for further upside with 71.20 & 72.10 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
72.10
71.20
70.70
69.64 Last
69.00
68.40
67.80
CFI Group English
18 Oct, 11:44
Gold Intraday: further upside.
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2712.19 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018133136.gif
Pivot: 2695.00
Our preference: long positions above 2695.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2695.00 look for further downside with 2684.00 & 2677.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2712.19 Last
2695.00
2684.00
2677.00
https://charts.tradingcentral.com/charts/169_20241018133136.gif
CFI Group English
18 Oct, 11:41
EUR/USD Intraday: bullish bias above 1.0825.
Pivot: 1.0825
Our preference: long positions above 1.0825 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0825 look for further downside with 1.0810 & 1.0795 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
1.0885
1.0870
1.0855
1.0843 Last
1.0825
1.0810
1.0795
https://charts.tradingcentral.com/charts/74_20241018131700.gif
Pivot: 1.0825
Our preference: long positions above 1.0825 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0825 look for further downside with 1.0810 & 1.0795 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
1.0885
1.0870
1.0855
1.0843 Last
1.0825
1.0810
1.0795
https://charts.tradingcentral.com/charts/74_20241018131700.gif
CFI Group English
18 Oct, 10:08
Gold Intraday: further advance.
Pivot: 2688.00
Our preference: long positions above 2688.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2688.00 look for further downside with 2682.00 & 2673.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2707.51 Last
2688.00
2682.00
2673.00
https://charts.tradingcentral.com/charts/169_20241018113938.gif
Pivot: 2688.00
Our preference: long positions above 2688.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2688.00 look for further downside with 2682.00 & 2673.00 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
2760.00
2742.00
2724.00
2707.51 Last
2688.00
2682.00
2673.00
https://charts.tradingcentral.com/charts/169_20241018113938.gif
CFI Group English
18 Oct, 10:07
Crude Oil (WTI) (X4) Intraday: bullish bias above 70.00.
Pivot: 70.00
Our preference: long positions above 70.00 with targets at 71.45 & 72.10 in extension.
Alternative scenario: below 70.00 look for further downside with 69.45 & 69.00 as targets.
Comment: a support base at 70.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
72.70
72.10
71.45
70.62 Last
70.00
69.45
69.00
https://charts.tradingcentral.com/charts/174_20241018113937.gif
Pivot: 70.00
Our preference: long positions above 70.00 with targets at 71.45 & 72.10 in extension.
Alternative scenario: below 70.00 look for further downside with 69.45 & 69.00 as targets.
Comment: a support base at 70.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
72.70
72.10
71.45
70.62 Last
70.00
69.45
69.00
https://charts.tradingcentral.com/charts/174_20241018113937.gif
CFI Group English
18 Oct, 09:34
EUR/USD Intraday: intraday support around 1.0825.
Pivot: 1.0825
Our preference: long positions above 1.0825 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0825 look for further downside with 1.0810 & 1.0795 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
1.0885
1.0870
1.0855
1.0837 Last
1.0825
1.0810
1.0795
https://charts.tradingcentral.com/charts/74_20241018111244.gif
Pivot: 1.0825
Our preference: long positions above 1.0825 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0825 look for further downside with 1.0810 & 1.0795 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
1.0885
1.0870
1.0855
1.0837 Last
1.0825
1.0810
1.0795
https://charts.tradingcentral.com/charts/74_20241018111244.gif
CFI Group English
18 Oct, 09:05
Gold Intraday: the upside prevails.
Pivot: 2688.00
Our preference: long positions above 2688.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2688.00 look for further downside with 2682.00 & 2673.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
2760.00
2742.00
2724.00
2705.00 Last
2688.00
2682.00
2673.00
https://charts.tradingcentral.com/charts/169_20241018090144.gif
Pivot: 2688.00
Our preference: long positions above 2688.00 with targets at 2724.00 & 2742.00 in extension.
Alternative scenario: below 2688.00 look for further downside with 2682.00 & 2673.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
2760.00
2742.00
2724.00
2705.00 Last
2688.00
2682.00
2673.00
https://charts.tradingcentral.com/charts/169_20241018090144.gif
CFI Group English
18 Oct, 09:05
Crude Oil (WTI) (X4) Intraday: target 72.10.
Pivot: 70.00
Our preference: long positions above 70.00 with targets at 72.10 & 72.70 in extension.
Alternative scenario: below 70.00 look for further downside with 69.45 & 69.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
73.40
72.70
72.10
71.15 Last
70.00
69.45
69.00
https://charts.tradingcentral.com/charts/174_20241018090145.gif
Pivot: 70.00
Our preference: long positions above 70.00 with targets at 72.10 & 72.70 in extension.
Alternative scenario: below 70.00 look for further downside with 69.45 & 69.00 as targets.
Comment: the RSI calls for a bounce.
Supports and resistances:
73.40
72.70
72.10
71.15 Last
70.00
69.45
69.00
https://charts.tradingcentral.com/charts/174_20241018090145.gif
CFI Group English
18 Oct, 09:04
EUR/USD Intraday: turning up.
Pivot: 1.0820
Our preference: long positions above 1.0820 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0820 look for further downside with 1.0805 & 1.0790 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
1.0885
1.0870
1.0855
1.0840 Last
1.0820
1.0805
1.0790
https://charts.tradingcentral.com/charts/74_20241018070721.gif
Pivot: 1.0820
Our preference: long positions above 1.0820 with targets at 1.0855 & 1.0870 in extension.
Alternative scenario: below 1.0820 look for further downside with 1.0805 & 1.0790 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
1.0885
1.0870
1.0855
1.0840 Last
1.0820
1.0805
1.0790
https://charts.tradingcentral.com/charts/74_20241018070721.gif
CFI Group English
18 Oct, 08:51
5 Things to know for today:
📉
Netflix shares fell by around 3.7% yesterday, despite the company reporting an increase in earnings per share to $5.4 and revenue rising to $9.82 billion.
📈
Taiwanese company TSMC entered the trillion-dollar club and posted positive third-quarter results, which led to its stock rising by more than 11% in yesterday's trading session.
🥇
Gold hit a new all-time high at $2,714.08 as heightened geopolitical tensions drove investors to seek the safe-haven asset.
🇪🇺
The European Central Bank lowered interest rates in the Eurozone by 25 basis points yesterday, as expected, bringing the rate to 3.40%. Additionally, final annual inflation in the Eurozone fell to 1.7%.
🇺🇸
The U.S. Building Permits report is due later today, with forecasts predicting a decline to 1.45 million. Any reading above expectations would be seen as positive for the U.S. dollar.
📉
Netflix shares fell by around 3.7% yesterday, despite the company reporting an increase in earnings per share to $5.4 and revenue rising to $9.82 billion.
📈
Taiwanese company TSMC entered the trillion-dollar club and posted positive third-quarter results, which led to its stock rising by more than 11% in yesterday's trading session.
🥇
Gold hit a new all-time high at $2,714.08 as heightened geopolitical tensions drove investors to seek the safe-haven asset.
🇪🇺
The European Central Bank lowered interest rates in the Eurozone by 25 basis points yesterday, as expected, bringing the rate to 3.40%. Additionally, final annual inflation in the Eurozone fell to 1.7%.
🇺🇸
The U.S. Building Permits report is due later today, with forecasts predicting a decline to 1.45 million. Any reading above expectations would be seen as positive for the U.S. dollar.
CFI Group English
18 Oct, 08:28
Company: Netflix (NFLX)
EPS:
Actual: $5.4
Forecast: $5.12
Revenue:
Actual: 9.82B
Forecast: 9.77B
EPS:
Actual: $5.4
Forecast: $5.12
Revenue:
Actual: 9.82B
Forecast: 9.77B
CFI Group English
17 Oct, 15:52
Gold Intraday: further advance.
Pivot: 2682.00
Our preference: long positions above 2682.00 with targets at 2703.00 & 2710.00 in extension.
Alternative scenario: below 2682.00 look for further downside with 2673.00 & 2666.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2742.00
2710.00
2703.00
2694.40 Last
2682.00
2673.00
2666.00
https://charts.tradingcentral.com/charts/169_20241017174715.gif
Pivot: 2682.00
Our preference: long positions above 2682.00 with targets at 2703.00 & 2710.00 in extension.
Alternative scenario: below 2682.00 look for further downside with 2673.00 & 2666.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
2742.00
2710.00
2703.00
2694.40 Last
2682.00
2673.00
2666.00
https://charts.tradingcentral.com/charts/169_20241017174715.gif
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