Technical Snapshot

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Jan 22, 2020 – Wednesday

EUR/USD Intraday: Under Pressure

Pivot: 1.1095
Our Preference: Short positions below 1.1095 with targets at 1.1075 & 1.1065 in extension
Alternative Scenario: Above 1.1095 look for further upside with 1.1110 & 1.1120 as targets
Comment: The RSI is mixed to bearish


GBP/USD Intraday: Intraday Support Around 1.3030

Pivot: 1.3030
Our Preference: Long positions above 1.3030 with targets at 1.3085 & 1.3110 in extension
Alternative Scenario: Below 1.3030 look for further downside with 1.3015 & 1.2995 as targets
Comment: The RSI shows upside momentum


AUD/USD Intraday: Key Resistance At 0.6855

Pivot: 0.6855
Our Preference: Short positions below 0.6855 with targets at 0.6820 & 0.6800 in extension
Alternative Scenario: Above 0.6855 look for further upside with 0.6875 & 0.6890 as targets
Comment: As long as the resistance at 0.6855 is not surpassed, the risk of the break below 0.6820 remains high


GOLD Intraday: Towards 1542.00

Pivot: 1557.50
Our Preference: Short positions below 1557.50 with targets at 1546.00 & 1542.00 in extension
Alternative Scenario: Above 1557.50 look for further upside with 1561.00 & 1564.50 as targets
Comment: The RSI is mixed to bearish


CRUDE OIL Intraday: Bullish Bias Above 58.05

Pivot: 58.05
Our Preference: Long positions above 58.05 with targets at 58.35 & 58.55 in extension
Alternative Scenario: Below 58.05 look for further downside with 57.70 & 57.40 as targets
Comment: A support base at 58.05 has formed and has allowed for a temporary stabilisation

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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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