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FX Majors Technical Overview For 06.02.18: EUR/USD Capped By Negative Trend line

Published 02/06/2018, 04:58 AM
Updated 03/09/2019, 08:30 AM


EUR/USD Intraday: capped by a negative trend line.

EUR/USD 30min Chart

Pivot: 1.2435

Our preference: short positions below 1.2435 with targets at 1.2350 & 1.2315 in extension.

Alternative scenario: above 1.2435 look for further upside with 1.2475 & 1.2520 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

1.2520 1.2475 1.2435

1.2395 Last seen

1.2350 1.2315 1.2280

GBP/USD Intraday: under pressure.

GBP/USD 30min Chart
Pivot: 1.4035

Our preference: short positions below 1.4035 with targets at 1.3940 & 1.3890 in extension.

Alternative scenario: above 1.4035 look for further upside with 1.4085 & 1.4150 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

1.4150 1.4085 1.4035

1.3983 Last seen

1.3940 1.3890 1.3840

USD/JPY Intraday: consolidation.
USD/JPY 30min Chart


Pivot: 109.30

Our preference: short positions below 109.30 with targets at 108.40 & 108.10 in extension.

Alternative scenario: above 109.30 look for further upside with 109.65 & 110.25 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

110.25 109.65 109.30

108.80 Last seen
108.40 108.10 107.75

USD/CAD Intraday: the upside prevails.
USD/CAD 30min Chart

Pivot: 1.2470

Our preference: long positions above 1.2470 with targets at 1.2565 & 1.2615 in extension.

Alternative scenario: below 1.2470 look for further downside with 1.2405 & 1.2360 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.2665 1.2615 1.2565

1.2525 Last seen

1.2470 1.2405 1.2360

NZD/USD Intraday: rebound.

NZD/USD 30min Chart

Pivot: 0.7255

Our preference: long positions above 0.7255 with targets at 0.7330 & 0.7360 in extension.

Alternative scenario: below 0.7255 look for further downside with 0.7210 & 0.7170 as targets.

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Comment: the RSI shows upside momentum.

Supports and resistances:

0.7380 0.7360 0.7330

0.7295 Last seen

0.7255 0.7210 0.7170

AUD/USD Intraday: under pressure.
AUD/USD 30min Chart

Pivot: 0.7920

Our preference: short positions below 0.7920 with targets at 0.7820 & 0.7780 in extension.

Alternative scenario: above 0.7920 look for further upside with 0.7960 & 0.7995 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

0.7995 0.7960 0.7920

0.7870 Last seen

0.7820 0.7780 0.7735


Gold Spot Intraday: supported by a rising trend line.

Gold 30min Chart

Pivot: 1335.50

Our preference: long positions above 1335.50 with targets at 1351.00 & 1357.00 in extension.

Alternative scenario: below 1335.50 look for further downside with 1332.00 & 1327.00 as targets.

Comment: the RSI is supported by a rising trend line.

Supports and resistances:

1362.00 1357.00 1351.00

1343.50 Last

1335.50 1332.00 1327.00

Crude Oil‏ (WTI)‏ (H18) Intraday: under pressure.

WTI 30min Chart

Pivot: 64.45

Our preference: short positions below 64.45 with targets at 62.95 & 62.50 in extension.

Alternative scenario: above 64.45 look for further upside with 65.15 & 65.50 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:

65.50 65.15 64.45

63.53 Last seen

62.95 62.50 61.80

Latest comments

30min - That's not where yo wanna stay....
You don't want to stay in 30min chart!!
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