Daily Market Newsletter

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (Z6)‎ intraday: the downside prevails.

Pivot:

101.95

Our preference:

Short positions below 101.95 with targets at 98.90 & 97.00 in extension.

Alternative scenario:

Above 101.95 look for further upside with 103.90 & 105.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Gold intraday : As long as 4,037 is support, look for 4,121

Our pivot point is at 4,037.

Our preference:

As long as 4,037 is support, look for 4,121

Alternative scenario:

Below 4,037, expect 4,005 and 3,987.

Comment:

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. The price is above its 20 and 50 period moving average (respectively at 4,055 and 4,027).

Bitcoin / USD intraday : Key resistance level approaches

Our pivot point is at 79,290.

Our preference:

Rebound above 79,290 towards 81,496

Alternative scenario:

Below 79,290, expect 78,567 and 78,137.

Comment:

As prices near our first target, a throwback could occur, though a clean break above could fuel further gains.

USD/JPY intraday : Expect 158.29

Our pivot point is at 157.68.

Our preference:

The upside prevails as long as 157.68 is support, with 158.29 and 158.46 as targets

Alternative scenario:

Below 157.68, expect 157.40 and 157.23.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 157.90 and 157.78).

EUR/USD intraday : Decline at a crossroads

Our pivot point is at 1.1172.

Our preference:

The downside prevails as long as 1.1172 is resistance, with 1.1113 and 1.1101 as targets

Alternative scenario:

Above 1.1172, look for 1.1192 and 1.1204.

Comment:

Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.

Binance Coin / Dollar intraday : Target 733.9

Our pivot point is at 750.3.

Our preference:

In spite of the current rebound, our pivot threshold at 750.3 has not been hit and our target remains 733.9

Alternative scenario:

Above 750.3, look for 756.1 and 759.5.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price is below its 20 period moving average (747.7) but above its 50 period moving average (742.8).

Solana / Dollar intraday : Expect 102.7

Our pivot point is at 99.7.

Our preference:

The upside prevails as long as 99.7 is support, with 102.7 and 103.4 as targets

Alternative scenario:

Below 99.7, expect 98.5 and 97.8.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 100.9 and 100.4).