GBP/USD: Capped By Negative Trend Line
FxGrow | Feb 20, 2018 02:52AM ET
EUR/USD Intraday: under pressure.
Pivot: 1.2435
Our preference: short positions below 1.2435 with targets at 1.2370 & 1.2340 in extension.
Alternative scenario: above 1.2435 look for further upside with 1.2460 & 1.2490 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.2490 1.2460 1.2435
1.2395 Last seen
1.2370 1.2340 1.2300
GBP/USD Intraday: capped by a negative trend line.
Pivot: 1.4030
Our preference: short positions below 1.4030 with targets at 1.3955 & 1.3920 in extension.
Alternative scenario: above 1.4030 look for further upside with 1.4075 & 1.4115 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.4115 1.4075 1.4030
1.3985 Last seen
1.3955 1.3920 1.3880
USD/JPY Intraday: supported by a rising trend line.
Pivot: 106.45
Our preference: long positions above 106.45 with targets at 107.20 & 107.55 in extension.
Alternative scenario: below 106.45 look for further downside with 106.05 & 105.50 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
107.90 107.55 107.20
106.85 Last seen
106.45 106.05 105.50
USD/CAD Intraday: the bias remains bullish.
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Pivot: 1.2550
Our preference: long positions above 1.2550 with targets at 1.2590 & 1.2620 in extension.
Alternative scenario: below 1.2550 look for further downside with 1.2525 & 1.2490 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.2650 1.2620 1.2590
1.2575 Last seen
1.2550 1.2525 1.2490
NZD/USD Intraday: capped by a negative trend line.
Pivot: 0.7375
Our preference: short positions below 0.7375 with targets at 0.7335 & 0.7295 in extension.
Alternative scenario: above 0.7375 look for further upside with 0.7410 & 0.7440 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
0.7440 0.7410 0.7375
0.7345 Last seen
0.7335 0.7295 0.7270
AUD/USD Intraday: caution.
Pivot: 0.7930
Our preference: short positions below 0.7930 with targets at 0.7885 & 0.7855 in extension.
Alternative scenario: above 0.7930 look for further upside with 0.7965 & 0.7990 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
0.7990 0.7965 0.7930
0.7905 Last seen
0.7885 0.7855 0.7825
Gold Spot Intraday: the downside prevails.
Pivot: 1351.50
Our preference: short positions below 1351.50 with targets at 1336.00 & 1330.00 in extension.
Alternative scenario: above 1351.50 look for further upside with 1356.50 & 1362.00 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1362.00 1356.50 1351.50
1341.02 Last seen
1336.00 1330.00 1322.50
Crude Oil WTI (H18) Intraday: the bias remains bullish.
Pivot: 61.30
Our preference: long positions above 61.30 with targets at 63.25 & 63.75 in extension.
Alternative scenario: below 61.30 look for further downside with 60.50 & 59.75 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The RSI is mixed with a bullish bias.
Supports and resistances:
64.20 63.75 63.25
62.38 Last seen
61.30 60.50 59.75
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