DAILY TECHNICAL ANALYSIS

 

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

AUD/USD intraday: the downside prevails as long as 0.6826 is resistance   Our pivot point stands at 0.6826.   Our preference: The downside prevails as long as 0.6826 is resistance.   Alternative scenario: The upside breakout of 0.6826, would call for 0.6855 and 0.6873.   Comment: The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6819 and 0.6831).

EUR/USD intraday: the downside prevails as long as 1.0632 is resistance   Our pivot point stands at 1.0632.   Our preference: The downside prevails as long as 1.0632 is resistance.   Alternative scenario: The upside breakout of 1.0632, would call for 1.0668 and 1.0689.   Comment: The RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0629 and 1.0642).

Gold Intraday: under pressure.   Pivot: 1835.00   Our preference: Short positions below 1835.00 with targets at 1827.00 & 1824.00 in extension.   Alternative scenario: Above 1835.00 look for further upside with 1838.00 & 1843.00 as targets.   Comment: The RSI is below its neutrality area at 50%

USD/JPY intraday: the upside prevails as long as 134.37 is support   Our pivot point is at 134.37.   Our preference: The upside prevails as long as 134.37 is support.   Alternative scenario: The downside breakout of 134.37 would call for 133.67 and 133.26.   Comment: The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 134.70 and 134.80).

GBP/USD intraday: the downside prevails as long as 1.2081 is resistance   Our pivot point stands at 1.2081.   Our preference: The downside prevails as long as 1.2081 is resistance.   Alternative scenario: The upside breakout of 1.2081, would call for 1.2128 and 1.2156.   Comment: The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2077 and 1.2094).

EUR/JPY intraday: rebound towards 144.32   Our pivot point stands at 142.56.   Our preference: Rebound towards 144.32.   Alternative scenario: The downside breakout of 142.56 would call for 141.90 and 141.50.   Comment: The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 143.21 and 143.48).

EUR/GBP intraday: the upside prevails as long as 0.8783 is support   Our pivot point stands at 0.8783.   Our preference: The upside prevails as long as 0.8783 is support.   Alternative scenario: Below 0.8783, expect 0.8760 and 0.8746.   Comment: The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8801 and 0.8799).

USD/CAD intraday: the upside prevails as long as 1.3520 is support   Our pivot point stands at 1.3520.   Our preference: The upside prevails as long as 1.3520 is support.   Alternative scenario: Below 1.3520, expect 1.3475 and 1.3448.   Comment: The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3542 and 1.3541).