Technical Analysis – 21 January, 2020 - Technical Analysis – 21 January, 2020 -

Technical Analysis – 21 January, 2020

Daily Analysis
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Daily Technical Analysis

21 January, 2020

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EUR/USD Intraday: the upside prevails.
Pivot: 1.1085

Our preference: long positions above 1.1085 with targets at 1.1110 & 1.1120 in extension.

Alternative scenario: below 1.1085 look for further downside with 1.1075 & 1.1065 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: consolidation.
Pivot: 0.9690

Our preference: short positions below 0.9690 with targets at 0.9665 & 0.9650 in extension.

Alternative scenario: above 0.9690 look for further upside with 0.9700 & 0.9715 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: consolidation.
Pivot: 110.10

Our preference: short positions below 110.10 with targets at 109.90 & 109.80 in extension.

Alternative scenario: above 110.10 look for further upside with 110.20 & 110.30 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

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.3010

Our preference: long positions above 1.3010 with targets at 1.3075 & 1.3090 in extension.

Alternative scenario: below 1.3010 look for further downside with 1.2990 & 1.2980 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: under pressure.
Pivot: 0.6880

Our preference: short positions below 0.6880 with targets at 0.6840 & 0.6825 in extension.

Alternative scenario: above 0.6880 look for further upside with 0.6890 & 0.6900 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/CAD Intraday: the bias remains bullish.
Pivot: 1.3040

Our preference: long positions above 1.3040 with targets at 1.3080 & 1.3105 in extension.

Alternative scenario: below 1.3040 look for further downside with 1.3030 & 1.3020 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: towards 1546.00.
Pivot: 1563.00

Our preference: short positions below 1563.00 with targets at 1549.00 & 1546.00 in extension.

Alternative scenario: above 1563.00 look for further upside with 1568.00 & 1571.00 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) (H0) Intraday: under pressure.
Pivot: 58.70

Our preference: short positions below 58.70 with targets at 57.60 & 57.40 in extension.

Alternative scenario: above 58.70 look for further upside with 59.00 & 59.25 as targets.

Comment: the RSI has broken down its 30 level.

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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