TheConcierge

TheConcierge

Pivot: 47.50 Most Likely Scenario: short positions below 47.50 with targets @ 45.55 & 44.50 in extension. Alternative scenario: above 47.50 look for further upside with 48.50 & 49.30 as targets. Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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Pivot: 1297.00 Most Likely Scenario: short positions below 1297.00 with targets @ 1264.50 & 1256.50 in extension. Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets. Comment: the RSI is mixed with a bearish bias.

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Pivot: 0.7355 Most Likely Scenario: long positions above 0.7355 with targets @ 0.7425 & 0.7445 in extension. Alternative scenario: below 0.7355 look for further downside with 0.7335 & 0.7305 as targets. Comment: the RSI shows upside momentum.

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Pivot: 105.00 Most Likely Scenario: short positions below 105.00 with targets @ 103.70 & 103.20 in extension. Alternative scenario: above 105.00 look for further upside with 105.60 & 106.00 as targets. Comment: the RSI is mixed to bearish.

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Pivot: 1.4190 Most Likely Scenario: long positions above 1.4190 with targets @ 1.4295 & 1.4325 in extension. Alternative scenario: below 1.4190 look for further downside with 1.4140 & 1.4090 as targets. Comment: the RSI shows upside momentum.

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Pivot: 1.1215 Most Likely Scenario: long positions above 1.1215 with targets @ 1.1300 & 1.1320 in extension. Alternative scenario: below 1.1215 look for further downside with 1.1185 & 1.1160 as targets. Comment: the RSI shows upside momentum.

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See the emergence of a Cup and Handle Price formation, as well as what seems to be a rounded bottom which suggests a reversal. RSI suggests some fluctuation, however range has subsisted mostly within channel and we are likely to see a downtrend.

TheConcierge

Pivot: 48.72 Most Likely Scenario: short positions below 48.72 with targets @ 46.50 & 45.55 in extension. Alternative scenario: above 48.72 look for further upside with 49.30 & 50.00 as targets. Comment: the RSI is mixed with a bearish bias.

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Pivot: 1290.00 Most Likely Scenario: long positions above 1290.00 with targets @ 1308.00 & 1315.00 in extension. Alternative scenario: below 1290.00 look for further downside with 1278.00 & 1265.00 as targets. Comment: the RSI advocates for further advance.

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Pivot: 0.7380 Most Likely Scenario: long positions above 0.7380 with targets @ 0.7445 & 0.7475 in extension. Alternative scenario: below 0.7380 look for further downside with 0.7355 & 0.7330 as targets. Comment: the RSI is mixed and calls for caution!.

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Pivot: 105.60 Most Likely Scenario: short positions below 105.60 with targets @ 104.05 & 103.40 in extension. Alternative scenario: above 105.60 look for further upside with 106.00 & 106.40 as targets. Comment: the RSI has broken down its 30 level.

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Pivot: 1.4130 Most Likely Scenario: long positions above 1.4130 with targets @ 1.4230 & 1.4285 in extension. Alternative scenario: below 1.4130 look for further downside with 1.4085 & 1.4050 as targets. Comment: the RSI lacks downward momentum.

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Pivot: 1.1230 Most Likely Scenario: long positions above 1.1230 with targets @ 1.1300 & 1.1320 in extension. Alternative scenario: below 1.1230 look for further downside with 1.1210 & 1.1185 as targets. Comment: the RSI shows upside momentum.

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Pivot: 48.60 Most Likely Scenario: short positions below 48.60 with targets @ 47.50 & 47.10 in extension. Alternative scenario: above 48.60 look for further upside with 49.30 & 50.00 as targets. Comment: the RSI lacks upward momentum.

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Pivot: 1278.00 Most Likely Scenario: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension. Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets. Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.

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Pivot: 0.7405 Most Likely Scenario: short positions below 0.7405 with targets @ 0.7330 & 0.7310 in extension. Alternative scenario: above 0.7405 look for further upside with 0.7445 & 0.7475 as targets. Comment: as long as the resistance at 0.7405 is not surpassed, the risk of the break below 0.7330 remains high.

TheConcierge

Pivot: 106.40 Most Likely Scenario: short positions below 106.40 with targets @ 105.65 & 105.30 in extension. Alternative scenario: above 106.40 look for further upside with 106.65 & 107.20 as targets. Comment: the RSI lacks upward momentum.

TheConcierge

Pivot: 1.4190 Most Likely Scenario: short positions below 1.4190 with targets @ 1.4085 & 1.4050 in extension. Alternative scenario: above 1.4190 look for further upside with 1.4285 & 1.4360 as targets. Comment: the RSI lacks upward momentum.