ThemasterFxIdea

ThemasterFxIdea

Dax may rise to 14800 - 15170 Our preference Long positions above 13670.00 with targets at 14800.00 & 15170.00 in extension. Alternative scenario Below 13670.00 look for further downside with 13300.00 & 12860.00 as targets. Comment The immediate trend remains up but the momentum is weak.

ThemasterFxIdea

Crude Oil (WTI) may rise to 111.90 - 112.30 Our preference Long positions above 110.30 with targets at 111.90 & 112.30 in extension. Alternative scenario Below 110.30 look for further downside with 109.30 & 108.60 as targets. Comment The RSI is mixed with a bullish bias. Daily and weekly charts are also bullish.

ThemasterFxIdea

Silver may rise to 22.00 - 22.18 Our preference Long positions above 21.72 with targets at 22.00 & 22.18 in extension. Alternative scenario Below 21.72 look for further downside with 21.59 & 21.42 as targets. Comment The RSI shows upside momentum.

ThemasterFxIdea

Gold may rise to 1865.00 - 1871.00 Our preference Long positions above 1851.00 with targets at 1865.00 & 1871.00 in extension. Alternative scenario Below 1851.00 look for further downside with 1846.00 & 1840.00 as targets. Comment The RSI calls for a bounce. Daily and weekly charts are also bullish.

ThemasterFxIdea

S&P 500 may fall to 3720 - 3860 Our preference Short positions below 4110.00 with targets at 3860.00 & 3720.00 in extension. Alternative scenario Above 4110.00 look for further upside with 4310.00 & 4390.00 as targets. Comment The RSI is bearish and calls for further downside. Weekly chart is also bearish.

ThemasterFxIdea

Silver may rise to 22.20 - 22.45 Our preference Long positions above 21.75 with targets at 22.20 & 22.45 in extension. Alternative scenario Below 21.75 look for further downside with 21.60 & 21.45 as targets. Comment The RSI is bullish and calls for further upside.

ThemasterFxIdea

Crude Oil (WTI) may fall to 105.10 - 106.60 Our preference Short positions below 110.90 with targets at 106.60 & 105.10 in extension. Alternative scenario Above 110.90 look for further upside with 113.00 & 115.50 as targets. Comment As long as 110.90 is resistance, look for choppy price action with a bearish bias.

ThemasterFxIdea

Gold may rise to 1836 - 1846 Our preference Long positions above 1812.00 with targets at 1836.00 & 1846.00 in extension. Alternative scenario Below 1812.00 look for further downside with 1807.00 & 1798.00 as targets. Comment The RSI calls for a new upleg.

ThemasterFxIdea

NZD/JPY may rise 52 - 77 pips Preference Our next up target stands at 81.89. Alternative scenario The downside breakout of 80.68 would call for 80.26 and 80.02. Comment The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving...

ThemasterFxIdea

NZD/USD may rise 36 - 53 pips Preference Our next up target stands at 0.6326. Alternative scenario Below 0.6240, expect 0.6211 and 0.6194. Comment The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50...

ThemasterFxIdea

EUR/GBP may rise 35 - 51 pips Our preference The upside prevails as long as 0.8501 is support. Alternative scenario The downside breakout of 0.8501 would call for 0.8475 and 0.8459. Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case)....

ThemasterFxIdea

Gold may fall to 1780 - 1786 Our preference Short positions below 1808.00 with targets at 1786.00 & 1780.00 in extension. Alternative scenario Above 1808.00 look for further upside with 1818.00 & 1828.00 as targets. Comment The RSI is bearish and calls for further downside. Daily and weekly charts are also bearish.

ThemasterFxIdea

Crude Oil (WTI) may rise to 108.10 - 108.70 Our preference Long positions above 106.30 with targets at 108.10 & 108.70 in extension. Alternative scenario Below 106.30 look for further downside with 105.10 & 103.80 as targets. Comment The break above 106.30 is a positive signal that has opened a path to 108.10.

ThemasterFxIdea

EURNZD may fall 96 - 138 pips Our pivot point is at 1.6712. Our preference The downside prevails as long as 1.6712 is resistance. Alternative scenario The upside breakout of 1.6712, would call for 1.6782 and 1.6824. Comment The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under...

ThemasterFxIdea

NZDUSD may rise 43 - 61 pips Our pivot point is at 0.6314. Our preference The upside prevails as long as 0.6314 is support. Alternative scenario The downside breakout of 0.6314 would call for 0.6284 and 0.6267. 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...

ThemasterFxIdea

GBPCAD may fall to 1.5293 - 1.5529 Our preference The downside prevails as long as 1.6406 is resistance. Alternative scenario The upside breakout of 1.6406, would call for 1.6805 and 1.7043. 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 stands below its 20...

ThemasterFxIdea

Dow Jones may fall to 31540 - 31920 Our preference Short positions below 32900 with targets at 31920 & 31540 in extension. Alternative scenario Above 32900 look for further upside with 33350 & 33700 as targets. Comment The RSI is below its neutrality area at 50% Daily and weekly charts are also bearish.

ThemasterFxIdea

S&P 500 may fall to 3985 - 3990 Our preference Short positions below 4073.00 with targets at 3990.00 & 3985.00 in extension. Alternative scenario Above 4073.00 look for further upside with 4197.00 & 4299.00 as targets. Comment The RSI is below its neutrality area at 50%