Daily Technical Analysis – 1 May, 2018 - Daily Technical Analysis – 1 May, 2018 -

Daily Technical Analysis – 1 May, 2018

Technical Analysis
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Daily Technical Analysis

1 May, 2018

EUR/USD Intraday: under pressure.
Pivot: 1.2065

Our preference: short positions below 1.2065 with targets at 1.2000 & 1.1975 in extension.

Alternative scenario: above 1.2065 look for further upside with 1.2095 & 1.2115 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/CHF Intraday: further upside.
Pivot: 0.9900

Our preference: long positions above 0.9900 with targets at 0.9975 & 1.0020 in extension.

Alternative scenario: below 0.9900 look for further downside with 0.9885 & 0.9865 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: further upside.
Pivot: 109.35

Our preference: long positions above 109.35 with targets at 109.75 & 110.00 in extension.

Alternative scenario: below 109.35 look for further downside with 109.10 & 108.95 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: under pressure.
Pivot: 1.3735

Our preference: short positions below 1.3735 with targets at 1.3655 & 1.3600 in extension.

Alternative scenario: above 1.3735 look for further upside with 1.3795 & 1.3830 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


AUD/USD Intraday: under pressure.
Pivot: 0.7535

Our preference: short positions below 0.7535 with targets at 0.7500 & 0.7485 in extension.

Alternative scenario: above 0.7535 look for further upside with 0.7550 & 0.7570 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


USD/CAD Intraday: continuation of the rebound.
Pivot: 1.2820

Our preference: long positions above 1.2820 with targets at 1.2875 & 1.2900 in extension.

Alternative scenario: below 1.2820 look for further downside with 1.2800 & 1.2770 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


Gold spot Intraday: the downside prevails.
Pivot: 1320.50

Our preference: short positions below 1320.50 with targets at 1307.00 & 1303.00 in extension.

Alternative scenario: above 1320.50 look for further upside with 1326.50 & 1332.00 as targets.

Comment: the RSI is bearish and calls for further decline.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Crude Oil (WTI) (M18) Intraday: bullish bias above 68.00.
Pivot: 68.00

Our preference: long positions above 68.00 with targets at 69.35 & 69.65 in extension.

Alternative scenario: below 68.00 look for further downside with 67.65 & 67.20 as targets.

Comment: the RSI is mixed to bullish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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