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Friday, August 25, 2017

EUR/USD Intraday: bullish bias above 1.1785.Next
Pivot: 1.1785

Our preference: long positions above 1.1785 with targets at 1.1815 & 1.1830 in extension.

Alternative scenario: below 1.1785 look for further downside with 1.1765 & 1.1745 as targets.

Comment: a support base at 1.1785 has formed and has allowed for a temporary stabilisation.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: target 109.80.Previous  | Next
Pivot: 109.25

Our preference: long positions above 109.25 with targets at 109.80 & 110.05 in extension.

Alternative scenario: below 109.25 look for further downside with 109.05 & 108.80 as targets.

Comment: the RSI is bullish and calls for further upside.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: key resistance at 1.2830.Previous  | Next
Pivot: 1.2830

Our preference: short positions below 1.2830 with targets at 1.2775 & 1.2745 in extension.

Alternative scenario: above 1.2830 look for further upside with 1.2855 & 1.2890 as targets.

Comment: as long as the resistance at 1.2830 is not surpassed, the risk of the break below 1.2775 remains high. 
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Gold spot Intraday: the upside prevails.Previous  | Next
Pivot: 1282.50

Our preference: long positions above 1282.50 with targets at 1291.50 & 1294.00 in extension.

Alternative scenario: below 1282.50 look for further downside with 1280.50 & 1276.00 as targets.

Comment: the RSI is mixed to bullish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Silver spot Intraday: further advance.Previous  | Next
Pivot: 16.8000

Our preference: long positions above 16.8000 with targets at 17.1200 & 17.2000 in extension.

Alternative scenario: below 16.8000 look for further downside with 16.7000 & 16.5500 as targets.

Comment: a support base at 16.8000 has formed and has allowed for a temporary stabilisation.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Crude Oil (WTI) (V7) Intraday: break of a ST rising trendline support.Previous 
Pivot: 48.15

Our preference: short positions below 48.15 with targets at 47.15 & 46.90 in extension.

Alternative scenario: above 48.15 look for further upside with 48.45 & 48.90 as targets.

Comment: the RSI is mixed with a bearish bias.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Dax (Eurex) (U7) Intraday: further upside.Previous 
Pivot: 12105.00

Our preference: long positions above 12105.00 with targets at 12265.00 & 12295.00 in extension.

Alternative scenario: below 12105.00 look for further downside with 12070.00 & 12010.00 as targets.

Comment: the RSI is bullish and calls for further advance.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Dow Jones (CME) (U7) Intraday: bullish bias above 21745.00.Previous 
Pivot: 21745.00

Our preference: long positions above 21745.00 with targets at 21860.00 & 21900.00 in extension.

Alternative scenario: below 21745.00 look for further downside with 21710.00 & 21640.00 as targets.

Comment: the RSI is mixed to bullish. Prices broke above a falling broadening wedge pattern.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced