Forex Daily Technical Overview
GBP/USD Intraday: the upside prevails
Pivot: 1.3220
Our preference: long positions above 1.3220 with targets at 1.3290 and 1.3345 in extension.
Alternative scenario: below 1.3220 look for further downside with 1.3175 and 1.3125 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.3400
1.3345
1.3290
1.3265 Last
1.3220
1.3175
1.3125
USD/JPY Intraday: capped by a negative trend line
Pivot: 112.45
Our preference: short positions below 112.45 with targets at 111.95 and 111.80 in extension.
Alternative scenario: above 112.45 look for further upside with 112.60 and 112.80 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
112.80
112.60
112.45
112.15 Last
111.95
111.80
111.55
EUR/USD Intraday: caution
Pivot: 1.1855
Our preference: short positions below 1.1855 with targets at 1.1820 and 1.1795 in extension.
Alternative scenario: above 1.1855 look for further upside with 1.1880 and 1.1900 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
1.1900
1.1880
1.1855
1.1835 Last
1.1820
1.1795
1.1760
AUD/USD Intraday: the bias remains bullish
Pivot: 0.7805
Our preference: long positions above 0.7805 with targets at 0.7855 and 0.7875 in extension.
Alternative scenario: below 0.7805 look for further downside with 0.7785 and 0.7770 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
0.7900
0.7875
0.7855
0.7830 Last
0.7805
0.7785
0.7770
Crude Oil (WTI) (X7) Intraday: rebound expected
Pivot: 50.25
Our preference: long positions above 50.25 with targets at 51.10 and 51.40 in extension.
Alternative scenario: below 50.25 look for further downside with 49.75 and 49.20 as targets.
Comment: the RSI advocates for further advance. A strong support base around 50.25 (the previous swing low) has formed,and should limit any downward attempts.
Supports and resistances:
51.75
51.40
51.10
50.94 Last
50.25
49.75
49.20
Gold spot Intraday: the upside prevails
Pivot: 1289.50
Our preference: long positions above 1289.50 with targets at 1301.00 and 1306.00 in extension.
Alternative scenario: below 1289.50 look for further downside with 1284.00 and 1281.00 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
1310.00
1306.00
1301.00
1295.70 Last
1289.50
1284.00
1281.00