Technical Snapshot

See All Posts In This Category

Jan 21, 2020 – Tuesday

EUR/USD Intraday: The Upside Prevails

Pivot: 1.1080
Our Preference: Long positions above 1.1080 with targets at 1.1110 & 1.1120 in extension
Alternative Scenario: Below 1.1080 look for further downside with 1.1065 & 1.1050 as targets
Comment: The RSI shows upside momentum

 


GBP/USD Intraday: The Bias Remains Bullish

 

Pivot: 1.2990
Our Preference: Long positions above 1.2990 with targets at 1.3030 & 1.3045 in extension
Alternative Scenario: Below 1.2990 look for further downside with 1.2980 & 1.2960 as targets
Comment: The RSI shows upside momentum


AUD/USD Intraday: Under Pressure

Pivot: 0.6880
Our Preference: Short positions below 0.6880 with targets at 0.6845 & 0.6825 in extension
Alternative Scenario: Above 0.6880 look for further upside with 0.6890 & 0.6900 as targets
Comment: As long as the resistance at 0.6880 is not surpassed, the risk of the break below 0.6845 remains high


GOLD Intraday: Expect 1575.00

Pivot: 1560.00
Our Preference: Long positions above 1560.00 with targets at 1570.00 & 1575.00 in extension
Alternative Scenario: Below 1560.00 look for further downside with 1556.00 & 1553.00 as targets
Comment: The RSI is bullish and calls for further advance


CRUDE OIL‎ Intraday: The Downside Prevails

Pivot: 58.85
Our Preference: Short positions below 58.85 with targets at 57.90 & 57.60 in extension
Alternative Scenario: Above 58.85 look for further upside with 59.15 & 59.45 as targets
Comment: The RSI has broken down its 30 level

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Your email address will not be published.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 *

seventeen − 4 =