Technical Analysis Newsletter

EUR/USD intraday: under pressure.

Pivot: 1.3965.
Our Preference : SHORT positions below 1.3965 with 1.3885 & 1.3845 as next targets.
Alternative scenario : The upside penetration of 1.3965 will call for 1.4005 & 1.4035.
Comment : the pair is under pressure and is challenging its new support, the RSI is badly directed.
Trend : ST Ltd Upside; MT Range

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GBP/USD intraday: under pressure. Pivot: 1.6170. Our Preference : SHORT positions @ 1.616 with targets @ 1.6075 & 1.6025. Alternative scenario : The upside breakout of 1.617 will open the way to 1.6205 & 1.6255. Comment : the pair is on the downside and should face a further weakness as the RSI is badly directed. Trend : ST Ltd Upside; MT Range << Previous - Next >>

USD/CHF intraday: rebound. Pivot: 0.922 Our preference : Long positions above 0.922 with targets @ 0.927 & 0.9295 in extension. Alternative scenario : Below 0.922 look for further downside with 0.92 & 0.917 as targets. Comment : the RSI is breaking above a declining trend line, the pair should rebound on its support. << Previous - Next >>

USD/JPY intraday: under pressure. Pivot: 81.95. Our Preference : SHORT positions below 81.95 with 81.3 & 81 in sight. Alternative scenario : The upside penetration of 81.95 will call for 82.2 & 82.4. Comment : the pair is posting a rebound but stands below its new resistance. Trend : ST Ltd Downside; MT Range << Previous - Next >>

GOLD (Spot) intraday: the downside prevails. Pivot: 1423.00 Our Preference : SHORT positions below 1423 with 1408 & 1405 as next targets. Alternative scenario : The upside penetration of 1423 will call for 1432 & 1436. Comment : the RSI has just broken below a rising trend line. Trend : ST Ltd upside; MT Bullish << Previous - Next >>

Crude Oil (May 11) intraday: the downside prevails. Pivot: 102.60 Our Preference : SHORT positions below 102.6 with 99.7 & 98.7 as next targets. Alternative scenario : The upside penetration of 102.6 will call for 103.5 & 104. Comment : the RSI advocates for further downside. Trend : ST Ltd upside; MT Ltd upside << Previous - Back to the top