Technical Analysis (US Session) on 18/03/2020

EU

Technical Analysis (US Session) on 18/03/2020

183 Views

EUR/USD Intraday: under pressure.

Pivot:
1.1050

Our preference:
short positions below 1.1050 with targets at 1.0950 & 1.0900 in extension.

Alternative scenario:
above 1.1050 look for further upside with 1.1095 & 1.1135 as targets.

Comment:
the RSI shows downside momentum.

GBP/USD Intraday: under pressure.

Pivot:
1.2025

Our preference:
short positions below 1.2025 with targets at 1.1895 & 1.1840 in extension.

Alternative scenario:
above 1.2025 look for further upside with 1.2090 & 1.2130 as targets.

Comment:
the RSI shows downside momentum.

USD/JPY Intraday: consolidation.

Pivot:
107.85

Our preference:
short positions below 107.85 with targets at 106.70 & 106.25 in extension.

Alternative scenario:
above 107.85 look for further upside with 108.50 & 109.05 as targets.

Comment:
the RSI lacks upward momentum.

S&P 500 (CME)‎ (M0)‎ Intraday: under pressure.

Pivot:
2535.00

Our preference:
short positions below 2535.00 with targets at 2349.00 & 2230.00 in extension.

Alternative scenario:
above 2535.00 look for further upside with 2623.00 & 2695.00 as targets.

Comment:
a break below 2349.00 would trigger a drop towards 2230.00.

Gold spot Intraday: the downside prevails.

Pivot:
1533.00

Our preference:
short positions below 1533.00 with targets at 1465.00 & 1451.00 in extension.

Alternative scenario:
above 1533.00 look for further upside with 1546.00 & 1563.00 as targets.

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

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

Pivot:
26.35

Our preference:
short positions below 26.35 with targets at 24.40 & 23.15 in extension.

Alternative scenario:
above 26.35 look for further upside with 27.20 & 28.10 as targets.

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

 

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