EUR, JPY, CAD, AUD And Gold Intraday Technical Overview
FxGrow | Mar 20, 2018 04:32AM ET
EUR/USD Intraday: the bias remains bullish.
Pivot: 1.2300
Our preference: long positions above 1.2300 with targets at 1.2360 & 1.2385 in extension.
Alternative scenario: below 1.2300 look for further downside with 1.2275 & 1.2260 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.2415 1.2385 1.2360
1.2330 Last seen
1.2300 1.2275 1.2260
GBP/USD Intraday: intraday support around 1.3990.
Pivot: 1.3990
Our preference: long positions above 1.3990 with targets at 1.4085 & 1.4125 in extension.
Alternative scenario: below 1.3990 look for further downside with 1.3950 & 1.3910 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.4165 1.4125 1.4085
1.4045 Last seen
1.3990 1.3950 1.3910
USD/JPY Intraday: the upside prevails.
Pivot: 105.75
Our preference: long positions above 105.75 with targets at 106.40 & 106.70 in extension.
Alternative scenario: below 105.75 look for further downside with 105.55 & 105.30 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
107.00 106.70 106.40
106.10 Last seen
105.75 105.55 105.30
USD/CAD Intraday: under pressure.
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Pivot: 1.3100
Our preference: short positions below 1.3100 with targets at 1.3040 & 1.3000 in extension.
Alternative scenario: above 1.3100 look for further upside with 1.3130 & 1.3160 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3100.
Supports and resistances:
1.3160 1.3130 1.3100
1.3065 Last seen
1.3040 1.3000 1.2955
NZD/USD Intraday: turning down.
Pivot: 0.7260
Our preference: short positions below 0.7260 with targets at 0.7195 & 0.7175 in extension.
Alternative scenario: above 0.7260 look for further upside with 0.7280 & 0.7300 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
0.7300 0.7280 0.7260
0.7230 Last seen
0.7195 0.7175 0.7160
AUD/USD Intraday: bullish bias above 0.7685.
Pivot: 0.7685
Our preference: long positions above 0.7685 with targets at 0.7725 & 0.7745 in extension.
Alternative scenario: below 0.7685 look for further downside with 0.7655 & 0.7625 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7770 0.7745 0.7725
0.7706 Last seen
0.7685 0.7655 0.7625
Gold Spot Intraday: the bias remains bullish.
Pivot: 1312.50
Our preference: long positions above 1312.50 with targets at 1319.50 & 1321.50 in extension.
Alternative scenario: below 1312.50 look for further downside with 1307.50 & 13.00 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1325.50 1321.50 1319.50
1315.30 Last seen
1312.50 1307.50 1305.00
Crude Oil (WTI) (J18) Intraday: further upside.
Pivot: 61.50
Our preference: long positions above 61.50 with targets at 62.75 & 62.97 in extension.
Alternative scenario: below 61.50 look for further downside with 61.15 & 60.90 as targets.
Comment: the RSI is mixed with a bullish bias. The prices are trading at levels above both the 20-period and 50-period moving averages.
Supports and resistances:
63.25 62.97 62.75
62.29 Last seen
61.50 61.15 60.90
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