Technical Analysis (European Session) on 19/03/2020

EU

Technical Analysis (European Session) on 19/03/2020

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EUR/USD Intraday: under pressure.

Pivot:
1.0960

Our preference:
short positions below 1.0960 with targets at 1.0865 & 1.0830 in extension.

Alternative scenario:
above 1.0960 look for further upside with 1.0980 & 1.1015 as targets.

Comment:
as long as the resistance at 1.0960 is not surpassed, the risk of the break below 1.0865 remains high.

GBP/USD Intraday: the downside prevails.

Pivot:
1.1660

Our preference:
short positions below 1.1660 with targets at 1.1440 & 1.1310 in extension.

Alternative scenario:
above 1.1660 look for further upside with 1.1750 & 1.1875 as targets.

Comment:
the RSI is mixed to bearish.

USD/JPY Intraday: the upside prevails.

Pivot:
108.45

Our preference:
long positions above 108.45 with targets at 109.80 & 110.45 in extension.

Alternative scenario:
below 108.45 look for further downside with 107.90 & 107.50 as targets.

Comment:
the RSI is mixed to bullish.

Dax (Eurex)‎ (H0)‎ Intraday: key resistance at 9150.00.

Pivot:
9150.00

Our preference:
short positions below 9150.00 with targets at 7970.00 & 7640.00 in extension.

Alternative scenario:
above 9150.00 look for further upside with 9550.00 & 9930.00 as targets.

Comment:
as long as 9150.00 is resistance, look for choppy price action with a bearish bias.

Gold spot Intraday: key resistance at 1500.00.

Pivot:
1500.00

Our preference:
short positions below 1500.00 with targets at 1464.00 & 1451.00 in extension.

Alternative scenario:
above 1500.00 look for further upside with 1523.00 & 1546.00 as targets.

Comment:
the RSI is mixed with a bearish bias.

Crude Oil (WTI)‎ (J0)‎ Intraday: key resistance at 23.80.

Pivot:
23.80

Our preference:
short positions below 23.80 with targets at 21.35 & 20.05 in extension.

Alternative scenario:
above 23.80 look for further upside with 25.00 & 26.20 as targets.

Comment:
the upward potential is likely to be limited by the resistance at 23.80.

 

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