---

Market Technical Analysis

24 February, 2021

---

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: intraday support around 1.2140.
Pivot: 1.2140

Our preference: long positions above 1.2140 with targets at 1.2180 & 1.2200 in extension.

Alternative scenario: below 1.2140 look for further downside with 1.2125 & 1.2105 as targets.

Comment: the RSI shows upside momentum.

---

USD/CHF Intraday: the bias remains bullish.
Pivot: 0.9035

Our preference: long positions above 0.9035 with targets at 0.9085 & 0.9100 in extension.

Alternative scenario: below 0.9035 look for further downside with 0.9015 & 0.8990 as targets.

Comment: the RSI is mixed to bullish.

---

USD/JPY Intraday: the upside prevails.
Pivot: 105.40

Our preference: long positions above 105.40 with targets at 106.00 & 106.20 in extension.

Alternative scenario: below 105.40 look for further downside with 105.25 & 105.05 as targets.

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

---

GBP/USD Intraday: the upside prevails.
Pivot: 1.4100

Our preference: long positions above 1.4100 with targets at 1.4195 & 1.4240 in extension.

Alternative scenario: below 1.4100 look for further downside with 1.4055 & 1.4015 as targets.

Comment: the RSI is mixed to bullish.

---

AUD/USD Intraday: the upside prevails.
Pivot: 0.7900

Our preference: long positions above 0.7900 with targets at 0.7945 & 0.7970 in extension.

Alternative scenario: below 0.7900 look for further downside with 0.7875 & 0.7850 as targets.

Comment: the RSI is mixed to bullish.

---

USD/CAD Intraday: under pressure.
Pivot: 1.2595

Our preference: short positions below 1.2595 with targets at 1.2535 & 1.2510 in extension.

Alternative scenario: above 1.2595 look for further upside with 1.2610 & 1.2645 as targets.

Comment: the RSI shows downside momentum.

---

Gold Intraday: expect 1790.00.
Pivot: 1816.00

Our preference: short positions below 1816.00 with targets at 1795.00 & 1790.00 in extension.

Alternative scenario: above 1816.00 look for further upside with 1821.00 & 1828.00 as targets.

Comment: as long as the resistance at 1816.00 is not surpassed, the risk of the break below 1795.00 remains high.

---

Crude Oil (WTI) (J1) Intraday: further upside.
Pivot: 61.60

Our preference: long positions above 61.60 with targets at 63.00 & 64.00 in extension.

Alternative scenario: below 61.60 look for further downside with 60.65 & 60.10 as targets.

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