VStar Africa

19/10/2023

26/09/2023

USD/JPY Intraday: the upside prevails.

Pivot:
148.60

Our preference:
Long positions above 148.60 with targets at 149.10 & 149.30 in extension.

Alternative scenario:
Below 148.60 look for further downside with 148.35 & 148.15 as targets.

Comment:
The RSI shows upside momentum

15/09/2023

EUR/USD Intraday: under pressure.

Pivot:
1.0690

Our preference:
Short positions below 1.0690 with targets at 1.0625 & 1.0600 in extension.

Alternative scenario:
Above 1.0690 look for further upside with 1.0720 & 1.0750 as targets.

Comment:
As long as the resistance at 1.0690 is not surpassed, the risk of the break below 1.0625 remains high.

14/09/2023

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Dax (Eurex)‎ Intraday: choppy.

Pivot:
15782.00

Our preference:
Short positions below 15782.00 with targets at 15620.00 & 15570.00 in extension.

Alternative scenario:
Above 15782.00 look for further upside with 15845.00 & 15900.00 as targets.

Comment:
As long as 15782.00 is resistance, look for choppy price action with a bearish bias.

13/09/2023

CPI data is released today, with renewed focus on 1900-03 support! Unsurprisingly, the probability is that this key support will be broken! The first resistance is here at 1918.8, strong pressure 1922!
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13/09/2023

GBP/USD Intraday: under pressure.

Pivot:
1.2500

Our preference:
Short positions below 1.2500 with targets at 1.2435 & 1.2420 in extension.

Alternative scenario:
Above 1.2500 look for further upside with 1.2515 & 1.2530 as targets.

Comment:
The RSI shows downside momentum.

12/09/2023

EUR/USD Intraday: under pressure.

Pivot:
1.0760

Our preference:
Short positions below 1.0760 with targets at 1.0715 & 1.0700 in extension.

Alternative scenario:
Above 1.0760 look for further upside with 1.0775 & 1.0790 as targets.

Comment:
The RSI shows downside momentum.

11/09/2023

EUR/USD Intraday: the upside prevails.

Pivot:
1.0700

Our preference:
Long positions above 1.0700 with targets at 1.0745 & 1.0760 in extension.

Alternative scenario:
Below 1.0700 look for further downside with 1.0685 & 1.0670 as targets.

Comment:
The RSI shows upside momentum.