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

EU

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

184 Views

EUR/USD Intraday: under pressure.

Pivot:
1.0840

Our preference:
short positions below 1.0840 with targets at 1.0650 & 1.0600 in extension.

Alternative scenario:
above 1.0840 look for further upside with 1.0890 & 1.0955 as targets.

Comment:
the RSI shows downside momentum.

GBP/USD Intraday: the upside prevails.

Pivot:
1.1650

Our preference:
long positions above 1.1650 with targets at 1.1890 & 1.2000 in extension.

Alternative scenario:
below 1.1650 look for further downside with 1.1520 & 1.1460 as targets.

Comment:
the RSI is mixed to bullish.

USD/JPY Intraday: under pressure.

Pivot:
110.75

Our preference:
short positions below 110.75 with targets at 109.20 & 108.75 in extension.

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

Comment:
the RSI is mixed to bearish.

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

Pivot:
2380.00

Our preference:
long positions above 2380.00 with targets at 2535.00 & 2610.00 in extension.

Alternative scenario:
below 2380.00 look for further downside with 2330.00 & 2263.00 as targets.

Comment:
the RSI advocates for further upside.

Gold spot Intraday: continuation of the rebound.

Pivot:
1487.00

Our preference:
long positions above 1487.00 with targets at 1524.00 & 1547.00 in extension.

Alternative scenario:
below 1487.00 look for further downside with 1474.00 & 1457.00 as targets.

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

Crude Oil (WTI)‎ (K0)‎ Intraday: further advance.

Pivot:
26.45

Our preference:
long positions above 26.45 with targets at 28.45 & 30.00 in extension.

Alternative scenario:
below 26.45 look for further downside with 25.35 & 24.40 as targets.

Comment:
the break above 26.45 is a positive signal that has opened a path to 28.45.

 

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