Technical Analysis (European Session) on 20/03/2020

EU

Technical Analysis (European Session) on 20/03/2020

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EUR/USD Intraday: the upside prevails.

Pivot:
1.0650

Our preference:
long positions above 1.0650 with targets at 1.0840 & 1.0890 in extension.

Alternative scenario:
below 1.0650 look for further downside with 1.0600 & 1.0550 as targets.

Comment:
the RSI shows upside momentum.

GBP/USD Intraday: the upside prevails.

Pivot:
1.1520

Our preference:
long positions above 1.1520 with targets at 1.1710 & 1.1790 in extension.

Alternative scenario:
below 1.1520 look for further downside with 1.1460 & 1.1405 as targets.

Comment:
the RSI shows upside momentum.

USD/JPY Intraday: under pressure.

Pivot:
110.75

Our preference:
short positions below 110.75 with targets at 109.70 & 109.20 in extension.

Alternative scenario:
above 110.75 look for further upside with 111.35 & 111.90 as targets.

Comment:
the RSI shows downside momentum.

Dax (Eurex)‎ (H0)‎ Intraday: range.

Pivot:
9150.00

Our preference:
short positions below 9150.00 with targets at 8200.00 & 7970.00 in extension.

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

Comment:
the RSI is around its neutrality area at 50%

Gold spot Intraday: rebound expected.

Pivot:
1471.00

Our preference:
long positions above 1471.00 with targets at 1510.00 & 1523.00 in extension.

Alternative scenario:
below 1471.00 look for further downside with 1455.00 & 1430.00 as targets.

Comment:
the RSI advocates for further advance.

Crude Oil (WTI)‎ (K0)‎ Intraday: expect 29.70.

Pivot:
25.30

Our preference:
long positions above 25.30 with targets at 28.30 & 29.70 in extension.

Alternative scenario:
below 25.30 look for further downside with 24.40 & 23.20 as targets.

Comment:
the RSI is bullish and calls for further advance.

 

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