Daily Technical Analysis – 15 May, 2019 - Daily Technical Analysis – 15 May, 2019 -

Daily Technical Analysis – 15 May, 2019

Technical Analysis
NewLogoForexEn_450

Daily Technical Analysis

15 May, 2019

AFX Advisors is one of the online leaders in Forex Technical Analysis and Forex Trade Recommendations. Click and Register today for the best services and bonus offers in the market.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1215

Our preference: short positions below 1.1215 with targets at 1.1180 & 1.1165 in extension.

Alternative scenario: above 1.1215 look for further upside with 1.1230 & 1.1245 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: consolidation.
Pivot: 1.0090

Our preference: short positions below 1.0090 with targets at 1.0045 & 1.0020 in extension.

Alternative scenario: above 1.0090 look for further upside with 1.0110 & 1.0125 as targets.

Comment: the RSI lacks upward 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: under pressure.
Pivot: 109.70

Our preference: short positions below 109.70 with targets at 109.25 & 109.00 in extension.

Alternative scenario: above 109.70 look for further upside with 109.85 & 110.05 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

GBP/USD Intraday: under pressure.
Pivot: 1.2930

Our preference: short positions below 1.2930 with targets at 1.2890 & 1.2865 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2970 & 1.2990 as targets.

Comment: the RSI is mixed to bearish.

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: 0.6940

Our preference: short positions below 0.6940 with targets at 0.6910 & 0.6890 in extension.

Alternative scenario: above 0.6940 look for further upside with 0.6965 & 0.6985 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: consolidation.
Pivot: 1.3485

Our preference: short positions below 1.3485 with targets at 1.3445 & 1.3420 in extension.

Alternative scenario: above 1.3485 look for further upside with 1.3505 & 1.3525 as targets.

Comment: the RSI lacks upward 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: further advance.
Pivot: 1293.00

Our preference: long positions above 1293.00 with targets at 1303.00 & 1306.00 in extension.

Alternative scenario: below 1293.00 look for further downside with 1290.50 & 1287.00 as targets.

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

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) (M9) Intraday: under pressure.
Pivot: 61.75

Our preference: short positions below 61.75 with targets at 60.65 & 60.30 in extension.

Alternative scenario: above 61.75 look for further upside with 62.00 & 62.30 as targets.

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

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | CoverNews by AF themes.