Technical Snapshot

See All Posts In This Category

Feb 10, 2020 – Monday

EUR/USD Intraday: Key Resistance At 1.0965

Pivot: 1.0965
Our Preference: Short positions below 1.0965 with targets at 1.0940 & 1.0930 in extension
Alternative Scenario: Above 1.0965 look for further upside with 1.0975 & 1.0985 as targets
Comment: As long as the resistance at 1.0965 is not surpassed, the risk of the break below 1.0940 remains high


GBP/USD Intraday: Under Pressure

Pivot: 1.2920
Our Preference: Short positions below 1.2920 with targets at 1.2875 & 1.2845 in extension
Alternative Scenario: Above 1.2920 look for further upside with 1.2955 & 1.2980 as targets
Comment: As long as 1.2920 is resistance, look for choppy price action with a bearish bias


AUD/USD Intraday: The Upside Prevails

Pivot: 0.6680
Our Preference: Long positions above 0.6680 with targets at 0.6710 & 0.6735 in extension
Alternative Scenario: Below 0.6680 look for further downside with 0.6660 & 0.6635 as targets
Comment: The RSI shows upside momentum


GOLD Intraday: The Bias Remains Bullish

Pivot: 1567.00
Our Preference: Long positions above 1567.00 with targets at 1576.50 & 1580.00 in extension
Alternative Scenario: Below 1567.00 look for further downside with 1563.00 & 1560.00 as targets
Comment: A support base at 1567.00 has formed and has allowed for a temporary stabilisation


CRUDE OIL Intraday: Key Resistance At 50.65

Pivot: 50.65
Our Preference: Short positions below 50.65 with targets at 49.90 & 49.55 in extension
Alternative Scenario: Above 50.65 look for further upside with 51.00 & 51.30 as targets
Comment: A break below 49.90 would trigger a drop towards 49.55

Share it on Social Media

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

Leave a Reply

Your email address will not be published. Required fields are marked *

two + nine =