Technical Snapshot

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Feb 05, 2020 – Wednesday

EUR/USD Intraday: Capped By A Negative Trend Line

Pivot: 1.1045
Our Preference: Short positions below 1.1045 with targets at 1.1030 & 1.1020 in extension
Alternative Scenario: Above 1.1045 look for further upside with 1.1055 & 1.1065 as targets
Comment: The RSI is bearish and calls for further downside


GBP/USD Intraday: Under Pressure

Pivot: 1.3040
Our Preference: Short positions below 1.3040 with targets at 1.3005 & 1.2980 in extension
Alternative Scenario: Above 1.3040 look for further upside with 1.3060 & 1.3080 as targets
Comment: The RSI is mixed to bearish


AUD/USD Intraday: Bullish Bias Above 0.6720

Pivot: 0.6720
Our Preference: Long positions above 0.6720 with targets at 0.6750 & 0.6765 in extension
Alternative Scenario: Below 0.6720 look for further downside with 0.6705 & 0.6695 as targets
Comment: A support base at 0.6720 has formed and has allowed for a temporary stabilisation


GOLD Intraday: Capped By A Negative Trend Line

Pivot: 1563.00
Our Preference: Short positions below 1563.00 with targets at 1553.00 & 1549.00 in extension
Alternative Scenario: Above 1563.00 look for further upside with 1567.00 & 1571.50 as targets
Comment: A break below 1553.00 would trigger a drop towards 1549.00


CRUDE OIL Intraday: Watch 49.30

Pivot: 50.45
Our Preference: Short positions below 50.45 with targets at 49.70 & 49.30 in extension
Alternative Scenario: Above 50.45 look for further upside with 51.00 & 51.55 as targets
Comment: The RSI is mixed to bearish

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Opinion is published in an intradey view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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