Tuesday's FX Majors Technical Overview: EUR/USD, GBP/USD, USD/JPY
FxGrow | Jan 23, 2018 04:10AM ET
EUR/USD Intraday: supported by a rising trend line.
Pivot: 1.2230
Our preference: long positions above 1.2230 with targets at 1.2275 and 1.2290 in extension.
Alternative scenario: below 1.2230 look for further downside with 1.2215 and 1.2195 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.2305 1.2290 1.2275
1.2255 Last seen
1.2230 1.2215 1.2195
GBP/USD Intraday: caution.
Pivot: 1.3940
Our preference: long positions above 1.3940 with targets at 1.4010 and 1.4035 in extension.
Alternative scenario: below 1.3940 look for further downside with 1.3900 and 1.3855 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
1.4075 1.4035 1.4010
1.3975 Last seen
1.3940 1.3900 1.3855
USD/JPY Intraday: continuation of the rebound.
Pivot: 110.50
Our preference: long positions above 110.50 with targets at 111.25 and 111.45 in extension.
Alternative scenario: below 110.50 look for further downside with 110.20 and 109.85 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
111.70 111.45 111.25
110.90 Last seen
110.50 110.20 109.85
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AUD/USD Intraday: turning down.
Pivot: 0.8000
Our preference: short positions below 0.8000 with targets at 0.7940 and 0.7920 in extension.
Alternative scenario: above 0.8000 look for further upside with 0.8020 and 0.8040 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
0.8040 ***0.8020 **0.8000 ***
0.7965 Last seen
0.7940 ***0.7920 ***0.7900 ***
Crude Oil (WTI) (H18) Intraday: further advance.
Pivot: 63.60
Our preference: long positions above 63.60 with targets at 64.25 and 64.50 in extension.
Alternative scenario: below 63.60 look for further downside with 63.35 and 63.05 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
64.85 64.50 64.25
63.90 Last
63.60 63.35 63.05
Gold spot Intraday: supported by a rising trend line.
Pivot: 1332.00
Our preference: long positions above 1332.00 with targets at 1340.50 and 1345.00 in extension.
Alternative scenario: below 1332.00 look for further downside with 1328.00 and 1325.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1350.00 1345.00 1340.50
1336.59 Last
1332.00 1328.00 1325.00
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