Market Technical Analysis

17 Feb, 2022

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EUR/USD Intraday: the upside prevails.
Pivot: 1.1340

Our preference: long positions above 1.1340 with targets at 1.1395 & 1.1415 in extension.

Alternative scenario: below 1.1340 look for further downside with 1.1320 & 1.1300 as targets.

Comment: the RSI is mixed to bullish.

USD/CHF Intraday: key resistance at 0.9230.
Pivot: 0.9230

Our preference: short positions below 0.9230 with targets at 0.9200 & 0.9185 in extension.

Alternative scenario: above 0.9230 look for further upside with 0.9245 & 0.9260 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.9230.

USD/JPY Intraday: under pressure.
Pivot: 115.40

Our preference: short positions below 115.40 with targets at 114.85 & 114.70 in extension.

Alternative scenario: above 115.40 look for further upside with 115.55 & 115.75 as targets.

Comment: the RSI shows downside momentum.

GBP/USD Intraday: the upside prevails.
Pivot: 1.3565

Our preference: long positions above 1.3565 with targets at 1.3620 & 1.3645 in extension.

Alternative scenario: below 1.3565 look for further downside with 1.3545 & 1.3525 as targets.

Comment: the RSI shows upside momentum.

AUD/USD Intraday: the upside prevails.
Pivot: 0.7165

Our preference: long positions above 0.7165 with targets at 0.7215 & 0.7235 in extension.

Alternative scenario: below 0.7165 look for further downside with 0.7145 & 0.7120 as targets.

Comment: the RSI shows upside momentum.

USD/CAD Intraday: the upside prevails.
Pivot: 1.2680

Our preference: long positions above 1.2680 with targets at 1.2735 & 1.2760 in extension.

Alternative scenario: below 1.2680 look for further downside with 1.2660 & 1.2645 as targets.

Comment: the RSI is mixed to bullish.

Gold Intraday: bullish bias above 1879.00.
Pivot: 1879.00

Our preference: long positions above 1879.00 with targets at 1894.00 & 1900.00 in extension.

Alternative scenario: below 1879.00 look for further downside with 1872.00 & 1865.00 as targets.

Comment: the break above 1879.00 is a positive signal that has opened a path to 1894.00.

Crude Oil (WTI) (H2) Intraday: key resistance at 92.50.
Pivot: 92.50

Our preference: short positions below 92.50 with targets at 90.00 & 89.00 in extension.

Alternative scenario: above 92.50 look for further upside with 93.30 & 94.00 as targets.

Comment: the break below 92.50 is a negative signal that has opened a path to 90.00.