Technical Analysis – 5 August, 2019 - Technical Analysis – 5 August, 2019 -

Technical Analysis – 5 August, 2019

Daily Analysis
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Daily Technical Analysis

5 August, 2019

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EUR/USD Intraday: further advance.
Pivot: 1.1130

Our preference: long positions above 1.1130 with targets at 1.1185 & 1.1225 in extension.

Alternative scenario: below 1.1130 look for further downside with 1.1115 & 1.1090 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: the downside prevails.
Pivot: 0.9795

Our preference: short positions below 0.9795 with targets at 0.9725 & 0.9700 in extension.

Alternative scenario: above 0.9795 look for further upside with 0.9820 & 0.9845 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

USD/JPY Intraday: under pressure.
Pivot: 106.45

Our preference: short positions below 106.45 with targets at 105.75 & 105.30 in extension.

Alternative scenario: above 106.45 look for further upside with 106.75 & 107.00 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

GBP/USD Intraday: continuation of the rebound.
Pivot: 1.2120

Our preference: long positions above 1.2120 with targets at 1.2165 & 1.2185 in extension.

Alternative scenario: below 1.2120 look for further downside with 1.2100 & 1.2075 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: 0.6785

Our preference: short positions below 0.6785 with targets at 0.6745 & 0.6720 in extension.

Alternative scenario: above 0.6785 look for further upside with 0.6805 & 0.6820 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


USD/CAD Intraday: the bias remains bullish.
Pivot: 1.3215

Our preference: long positions above 1.3215 with targets at 1.3265 & 1.3280 in extension.

Alternative scenario: below 1.3215 look for further downside with 1.3195 & 1.3180 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


Gold spot Intraday: further upside.
Pivot: 1442.00

Our preference: long positions above 1442.00 with targets at 1469.00 & 1480.00 in extension.

Alternative scenario: below 1442.00 look for further downside with 1436.00 & 1430.00 as targets.

Comment: the RSI advocates for further advance.

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) (U9) Intraday: capped by a negative trend line.
Pivot: 55.55

Our preference: short positions below 55.55 with targets at 54.35 & 53.90 in extension.

Alternative scenario: above 55.55 look for further upside with 56.05 & 56.45 as targets.

Comment: the RSI is bearish and calls for further decline.

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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