Market Technical Analysis

29 April, 2021

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EUR/USD Intraday: the upside prevails.
Pivot: 1.2100

Our preference: long positions above 1.2100 with targets at 1.2135 & 1.2150 in extension.

Alternative scenario: below 1.2100 look for further downside with 1.2080 & 1.2060 as targets.

Comment: the RSI shows upside momentum.

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USD/CHF Intraday: under pressure.
Pivot: 0.9115

Our preference: short positions below 0.9115 with targets at 0.9075 & 0.9060 in extension.

Alternative scenario: above 0.9115 look for further upside with 0.9140 & 0.9160 as targets.

Comment: the RSI shows downside momentum.

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USD/JPY Intraday: the bias remains bullish.
Pivot: 108.55

Our preference: long positions above 108.55 with targets at 109.10 & 109.25 in extension.

Alternative scenario: below 108.55 look for further downside with 108.40 & 108.20 as targets.

Comment: the RSI is mixed to bullish.

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GBP/USD Intraday: the upside prevails.
Pivot: 1.3925

Our preference: long positions above 1.3925 with targets at 1.3980 & 1.4000 in extension.

Alternative scenario: below 1.3925 look for further downside with 1.3890 & 1.3860 as targets.

Comment: the RSI lacks downward momentum.

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AUD/USD Intraday: bullish bias above 0.7770.
Pivot: 0.7770

Our preference: long positions above 0.7770 with targets at 0.7820 & 0.7840 in extension.

Alternative scenario: below 0.7770 look for further downside with 0.7755 & 0.7735 as targets.

Comment: the RSI shows upside momentum.

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USD/CAD Intraday: under pressure.
Pivot: 1.2335

Our preference: short positions below 1.2335 with targets at 1.2280 & 1.2255 in extension.

Alternative scenario: above 1.2335 look for further upside with 1.2370 & 1.2400 as targets.

Comment: the RSI is mixed to bearish.

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Gold Intraday: rebound expected.
Pivot: 1773.00

Our preference: long positions above 1773.00 with targets at 1781.00 & 1790.00 in extension.

Alternative scenario: below 1773.00 look for further downside with 1767.00 & 1762.00 as targets.

Comment: a support base at 1773.00 has formed and has allowed for a temporary stabilisation.

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Crude Oil (WTI) (M1) Intraday: bullish bias above 64.25.
Pivot: 64.25

Our preference: long positions above 64.25 with targets at 65.10 & 65.50 in extension.

Alternative scenario: below 64.25 look for further downside with 63.60 & 63.25 as targets.

Comment: the break above 64.25 is a positive signal that has opened a path to 65.10.

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