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Tuesday's FX Majors Technical Overview: EUR/USD, GBP/USD, USD/JPY

Published 01/23/2018, 04:10 AM
Updated 03/09/2019, 08:30 AM


EUR/USD 30-Min Chart

EUR/USD Intraday: supported by a rising trend line.

Pivot: 1.2230

Our preference: long positions above 1.2230 with targets at 1.2275 and 1.2290 in extension.

Alternative scenario: below 1.2230 look for further downside with 1.2215 and 1.2195 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.2305 1.2290 1.2275

1.2255 Last seen

1.2230 1.2215 1.2195


GBP/USD 30-Min Chart


GBP/USD Intraday: caution.

Pivot: 1.3940

Our preference: long positions above 1.3940 with targets at 1.4010 and 1.4035 in extension.

Alternative scenario: below 1.3940 look for further downside with 1.3900 and 1.3855 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:

1.4075 1.4035 1.4010

1.3975 Last seen

1.3940 1.3900 1.3855

USD/JPY 30-Min Chart


USD/JPY Intraday: continuation of the rebound.

Pivot: 110.50

Our preference: long positions above 110.50 with targets at 111.25 and 111.45 in extension.

Alternative scenario: below 110.50 look for further downside with 110.20 and 109.85 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

111.70 111.45 111.25

110.90 Last seen

110.50 110.20 109.85


AUD/USD 30-Min Chart


AUD/USD Intraday: turning down.

Pivot: 0.8000

Our preference: short positions below 0.8000 with targets at 0.7940 and 0.7920 in extension.

Alternative scenario: above 0.8000 look for further upside with 0.8020 and 0.8040 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

0.8040 ***0.8020 **0.8000 ***

0.7965 Last seen

0.7940 ***0.7920 ***0.7900 ***


WTI 30-Min Chart


Crude Oil‏ (WTI)‏ (H18) Intraday: further advance.

Pivot: 63.60

Our preference: long positions above 63.60 with targets at 64.25 and 64.50 in extension.

Alternative scenario: below 63.60 look for further downside with 63.35 and 63.05 as targets.

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Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:

64.85 64.50 64.25

63.90 Last

63.60 63.35 63.05


Gold 30-Min Chart


Gold spot Intraday: supported by a rising trend line.

Pivot: 1332.00

Our preference: long positions above 1332.00 with targets at 1340.50 and 1345.00 in extension.

Alternative scenario: below 1332.00 look for further downside with 1328.00 and 1325.00 as targets.

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

Supports and resistances:

1350.00 1345.00 1340.50

1336.59 Last

1332.00 1328.00 1325.00

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