Daily Technical Analysis – 28 May, 2019 - Daily Technical Analysis – 28 May, 2019 -

Daily Technical Analysis – 28 May, 2019

Technical Analysis
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Daily Technical Analysis

15 May, 2019

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EUR/USD Intraday: the upside prevails.
Pivot: 1.1175

Our preference: long positions above 1.1175 with targets at 1.1205 & 1.1215 in extension.

Alternative scenario: below 1.1175 look for further downside with 1.1165 & 1.1150 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: intraday support around 1.0025.
Pivot: 1.0025

Our preference: long positions above 1.0025 with targets at 1.0060 & 1.0075 in extension.

Alternative scenario: below 1.0025 look for further downside with 1.0005 & 0.9990 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

USD/JPY Intraday: under pressure.
Pivot: 109.60

Our preference: short positions below 109.60 with targets at 109.15 & 109.00 in extension.

Alternative scenario: above 109.60 look for further upside with 109.75 & 109.95 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: 1.2685

Our preference: short positions below 1.2685 with targets at 1.2645 & 1.2625 in extension.

Alternative scenario: above 1.2685 look for further upside with 1.2700 & 1.2720 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: the bias remains bullish.
Pivot: 0.6910

Our preference: long positions above 0.6910 with targets at 0.6930 & 0.6940 in extension.

Alternative scenario: below 0.6910 look for further downside with 0.6900 & 0.6890 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


USD/CAD Intraday: the bias remains bullish.
Pivot: 1.3445

Our preference: long positions above 1.3445 with targets at 1.3485 & 1.3505 in extension.

Alternative scenario: below 1.3445 look for further downside with 1.3430 & 1.3410 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: towards 1278.00.
Pivot: 1285.50

Our preference: short positions below 1285.50 with targets at 1280.50 & 1278.00 in extension.

Alternative scenario: above 1285.50 look for further upside with 1287.00 & 1289.00 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

Crude Oil (WTI) (N9) Intraday: bullish bias above 58.50.
Pivot: 58.50

Our preference: long positions above 58.50 with targets at 59.65 & 60.05 in extension.

Alternative scenario: below 58.50 look for further downside with 58.20 & 57.85 as targets.

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

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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