Technical Snapshot

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Jan 27, 2020 – Monday

EUR/USD Intraday: Consolidation

Pivot: 1.1040
Our Preference: Short positions below 1.1040 with targets at 1.1020 & 1.1010 in extension
Alternative Scenario: Above 1.1040 look for further upside with 1.1050 & 1.1060 as targets
Comment: The RSI lacks upward momentum


GBP/USD Intraday: Under Pressure

Pivot: 1.3085
Our Preference: Short positions below 1.3085 with targets at 1.3035 & 1.3010 in extension
Alternative Scenario: Above 1.3085 look for further upside with 1.3105 & 1.3130 as targets
Comment: As long as 1.3085 is resistance, expect a return to 1.3035


AUD/USD Intraday: Under Pressure

Pivot: 0.6825
Our Preference: Short positions below 0.6825 with targets at 0.6790 & 0.6770 in extension
Alternative Scenario: Above 0.6825 look for further upside with 0.6840 & 0.6855 as targets
Comment: As long as 0.6825 is resistance, look for choppy price action with a bearish bias


GOLD Intraday: Further Upside

Pivot: 1573.00
Our Preference: Long positions above 1573.00 with targets at 1588.50 & 1591.50 in extension
Alternative Scenario: Below 1573.00 look for further downside with 1568.00 & 1564.00 as targets
Comment: The RSI calls for a new upleg


CRUDE OIL Intraday: The Downside Prevails

Pivot: 53.70
Our Preference: Short positions below 53.70 with targets at 52.20 & 50.80 in extension
Alternative Scenario: Above 53.70 look for further upside with 54.40 & 55.15 as targets
Comment: The RSI advocates for further downside

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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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