Daily Technical Analysis – 24 August, 2018 - Daily Technical Analysis – 24 August, 2018 -

Daily Technical Analysis – 24 August, 2018

Technical Analysis
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Daily Technical Analysis

24 August, 2018

EUR/USD Intraday: break of a ST rising trendline support.
Pivot: 1.1545

Our preference: long positions above 1.1545 with targets at 1.1600 & 1.1620 in extension.

Alternative scenario: below 1.1545 look for further downside with 1.1530 & 1.1510 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/CHF Intraday: turning down.
Pivot: 0.9865

Our preference: short positions below 0.9865 with targets at 0.9805 & 0.9785 in extension.

Alternative scenario: above 0.9865 look for further upside with 0.9890 & 0.9915 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

USD/JPY Intraday: the bias remains bullish.
Pivot: 111.00

Our preference: long positions above 111.00 with targets at 111.75 & 112.00 in extension.

Alternative scenario: below 111.00 look for further downside with 110.70 & 110.35 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: rebound.
Pivot: 1.2805

Our preference: long positions above 1.2805 with targets at 1.2885 & 1.2910 in extension.

Alternative scenario: below 1.2805 look for further downside with 1.2780 & 1.2750 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


AUD/USD Intraday: further advance.
Pivot: 0.7260

Our preference: long positions above 0.7260 with targets at 0.7315 & 0.7335 in extension.

Alternative scenario: below 0.7260 look for further downside with 0.7235 & 0.7220 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/CAD Intraday: intraday support around 1.3055.
Pivot: 1.3055

Our preference: long positions above 1.3055 with targets at 1.3100 & 1.3125 in extension.

Alternative scenario: below 1.3055 look for further downside with 1.3025 & 1.3000 as targets.

Comment: the RSI lacks downward 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 upside.
Pivot: 1189.00

Our preference: long positions above 1189.00 with targets at 1196.00 & 1199.00 in extension.

Alternative scenario: below 1189.00 look for further downside with 1185.50 & 1183.00 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) (V18) Intraday: towards 68.90.
Pivot: 68.35

Our preference: long positions above 68.35 with targets at 68.90 & 69.20 in extension.

Alternative scenario: below 68.35 look for further downside with 67.80 & 67.35 as targets.

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

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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