Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

FX Majors Under Pressure By Recovering USD

Published 04/20/2018, 04:17 AM
Updated 03/09/2019, 08:30 AM


EUR/USD Intraday: under pressure

EUR/USD 30 mins
Pivot: 1.2365

Our preference: short positions below 1.2365 with targets at 1.2330 and 1.2305 in extension.

Alternative scenario: above 1.2365 look for further upside with 1.2385 and 1.2400 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.2400 1.2385 1.2365

1.2350 Last seen

1.2330 1.2305 1.2280

GBP/USD Intraday: the downside prevails
GBP/USD 30 min Chart

Pivot: 1.4135

Our preference: short positions below 1.4135 with targets at 1.4025 and 1.3985 in extension.

Alternative scenario: above 1.4135 look for further upside with 1.4170 and 1.4215 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.4215 1.4170 1.4135

1.4080 Last seen

1.4025 1.3985 1.3950

USD/JPY Intraday: supported by a rising trend line.
usdjpy 30 mins

Pivot: 107.35

Our preference: long positions above 107.35 with targets at 107.80 and 108.05 in extension.

Alternative scenario: below 107.35 look for further downside with 107.15 and 106.85 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

108.30 108.05 107.80

107.55 Last seen

107.35 107.15 106.85

USD/CAD Intraday: the bias remains bullish.
usdcad 30 mins

Pivot: 1.2630

Our preference: long positions above 1.2630 with targets at 1.2685 and 1.2720 in extension.

Alternative scenario: below 1.2630 look for further downside with 1.2600 and 1.2580 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.2745 1.2720 1.2685

1.2655 Last seen

1.2630 1.2600 1.2580

NZD/USD Intraday: the downside prevails.
nzdusd 30 mins

Pivot: 0.7290

Our preference: short positions below 0.7290 with targets at 0.7225 and 0.7200 in extension.

Alternative scenario: above 0.7290 look for further upside with 0.7330 and 0.7345 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

0.7345 0.7330 0.7290

0.7255 Last

0.7225 0.7200 0.7175

AUD/USD Intraday: under pressure.
audusd 30 mins

Pivot: 0.7740

Our preference: short positions below 0.7740 with targets at 0.7700 and 0.7685 in extension.

Alternative scenario: above 0.7740 look for further upside with 0.7760 and 0.7785 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

0.7785 0.7760 0.7740

0.7720 Last

0.7700 0.7685 0.7660

Gold spot Intraday: under pressure.
Gold 30 min Chart

Pivot: 1347.00

Our preference: short positions below 1347.00 with targets at 1337.50 and 1334.50 in extension.

Alternative scenario: above 1347.00 look for further upside with 1351.00 and 1356.00 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

1356.00 1351.00 1347.00

1342.09 Last seen

1337.50 1334.50 1331.00

Crude Oil‏ (WTI)‏ (K18) Intraday: 67.70 expected.
WTI 30 mins Chart

Pivot: 68.95

Our preference: short positions below 68.95 with targets at 67.70 and 66.90 in extension.

Alternative scenario: above 68.95 look for further upside with 69.55 and 70.20 as targets.

Comment: the RSI is bearish and calls for further decline. The prices are trading below the 50-period moving average.

Supports and resistances:

70.20 69.55 68.95

68.27 Last seen

67.70 66.90 66.15

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.