FX Majors Technical Overview For 06.02.18: EUR/USD Capped By Negative Trend line
FxGrow | Feb 06, 2018 04:58AM ET
EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.2435
Our preference: short positions below 1.2435 with targets at 1.2350 & 1.2315 in extension.
Alternative scenario: above 1.2435 look for further upside with 1.2475 & 1.2520 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.2520 1.2475 1.2435
1.2395 Last seen
1.2350 1.2315 1.2280
GBP/USD Intraday: under pressure.
Pivot: 1.4035
Our preference: short positions below 1.4035 with targets at 1.3940 & 1.3890 in extension.
Alternative scenario: above 1.4035 look for further upside with 1.4085 & 1.4150 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.4150 1.4085 1.4035
1.3983 Last seen
1.3940 1.3890 1.3840
USD/JPY Intraday: consolidation.
Pivot: 109.30
Our preference: short positions below 109.30 with targets at 108.40 & 108.10 in extension.
Alternative scenario: above 109.30 look for further upside with 109.65 & 110.25 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
110.25 109.65 109.30
108.80 Last seen
108.40 108.10 107.75
USD/CAD Intraday: the upside prevails.
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Pivot: 1.2470
Our preference: long positions above 1.2470 with targets at 1.2565 & 1.2615 in extension.
Alternative scenario: below 1.2470 look for further downside with 1.2405 & 1.2360 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.2665 1.2615 1.2565
1.2525 Last seen
1.2470 1.2405 1.2360
NZD/USD Intraday: rebound.
Pivot: 0.7255
Our preference: long positions above 0.7255 with targets at 0.7330 & 0.7360 in extension.
Alternative scenario: below 0.7255 look for further downside with 0.7210 & 0.7170 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
0.7380 0.7360 0.7330
0.7295 Last seen
0.7255 0.7210 0.7170
AUD/USD Intraday: under pressure.
Pivot: 0.7920
Our preference: short positions below 0.7920 with targets at 0.7820 & 0.7780 in extension.
Alternative scenario: above 0.7920 look for further upside with 0.7960 & 0.7995 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
0.7995 0.7960 0.7920
0.7870 Last seen
0.7820 0.7780 0.7735
Gold Spot Intraday: supported by a rising trend line.
Pivot: 1335.50
Our preference: long positions above 1335.50 with targets at 1351.00 & 1357.00 in extension.
Alternative scenario: below 1335.50 look for further downside with 1332.00 & 1327.00 as targets.
Comment: the RSI is supported by a rising trend line.
Supports and resistances:
1362.00 1357.00 1351.00
1343.50 Last
1335.50 1332.00 1327.00
Crude Oil (WTI) (H18) Intraday: under pressure.
Pivot: 64.45
Our preference: short positions below 64.45 with targets at 62.95 & 62.50 in extension.
Alternative scenario: above 64.45 look for further upside with 65.15 & 65.50 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
65.50 65.15 64.45
63.53 Last seen
62.95 62.50 61.80
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