Technical Analysis (US Session)

EU

Technical Analysis (US Session)

90 Views

EUR/USD Intraday: under pressure.

Pivot:
1.1100

Our preference:
short positions below 1.1100 with targets at 1.0985 & 1.0950 in extension.

Alternative scenario:
above 1.1100 look for further upside with 1.1160 & 1.1200 as targets.

Comment:
the RSI advocates for further decline.

GBP/USD Intraday: under pressure.

Pivot:
1.2235

Our preference:
short positions below 1.2235 with targets at 1.2040 & 1.1950 in extension.

Alternative scenario:
above 1.2235 look for further upside with 1.2300 & 1.2335 as targets.

Comment:
the RSI shows downside momentum.

USD/JPY Intraday: bullish bias above 106.15.

Pivot:
106.15

Our preference:
long positions above 106.15 with targets at 107.10 & 107.55 in extension.

Alternative scenario:
below 106.15 look for further downside with 105.55 & 105.10 as targets.

Comment:
the RSI is mixed to bullish.

S&P 500 (CME)‎ (M0)‎ Intraday: the downside prevails.

Pivot:
2500.00

Our preference:
short positions below 2500.00 with targets at 2300.00 & 2250.00 in extension.

Alternative scenario:
above 2500.00 look for further upside with 2550.00 & 2620.00 as targets.

Comment:
as long as 2500.00 is resistance, expect a return to 2300.00.

Gold spot Intraday: the downside prevails.

Pivot:
1504.00

Our preference:
short positions below 1504.00 with targets at 1451.00 & 1433.00 in extension.

Alternative scenario:
above 1504.00 look for further upside with 1520.00 & 1540.00 as targets.

Comment:
the RSI calls for a new downleg.

Crude Oil (WTI)‎ (J0)‎ Intraday: the downside prevails.

Pivot:
29.65

Our preference:
short positions below 29.65 with targets at 28.10 & 27.35 in extension.

Alternative scenario:
above 29.65 look for further upside with 30.25 & 30.85 as targets.

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

 

Analysis by Trading Central

To get the trading signals earlier, go to our signals site to register

Or for earlier access, download the Android App at