Technical Analysis – 6 October, 2020 - Technical Analysis – 6 October, 2020 -

Technical Analysis – 6 October, 2020

Technical Analysis
NewLogoForexEn_450

Daily Technical Analysis

6 October, 2020

    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: the upside prevails.
Pivot: 1.1765

Our preference: long positions above 1.1765 with targets at 1.1800 & 1.1815 in extension.

Alternative scenario: below 1.1765 look for further downside with 1.1750 & 1.1735 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

USD/CHF Intraday: under pressure.
Pivot: 0.9165

Our preference: short positions below 0.9165 with targets at 0.9135 & 0.9120 in extension.

Alternative scenario: above 0.9165 look for further upside with 0.9185 & 0.9200 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

USD/JPY Intraday: key resistance at 105.80.
Pivot: 105.80

Our preference: short positions below 105.80 with targets at 105.40 & 105.25 in extension.

Alternative scenario: above 105.80 look for further upside with 106.00 & 106.15 as targets.

Comment: as long as the resistance at 105.80 is not surpassed, the risk of the break below 105.40 remains high.

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: under pressure.
Pivot: 1.2970

Our preference: short positions below 1.2970 with targets at 1.2900 & 1.2865 in extension.

Alternative scenario: above 1.2970 look for further upside with 1.3010 & 1.3035 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


AUD/USD Intraday: under pressure.
Pivot: 0.7180

Our preference: short positions below 0.7180 with targets at 0.7130 & 0.7100 in extension.

Alternative scenario: above 0.7180 look for further upside with 0.7195 & 0.7210 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: under pressure.
Pivot: 1.3280

Our preference: short positions below 1.3280 with targets at 1.3240 & 1.3220 in extension.

Alternative scenario: above 1.3280 look for further upside with 1.3300 & 1.3320 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


Gold spot Intraday: further advance.
Pivot: 1907.00

Our preference: long positions above 1907.00 with targets at 1919.00 & 1925.00 in extension.

Alternative scenario: below 1907.00 look for further downside with 1902.00 & 1897.00 as targets.

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

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) (X0) Intraday: bullish bias above 39.10.
Pivot: 39.10

Our preference: long positions above 39.10 with targets at 39.85 & 40.40 in extension.

Alternative scenario: below 39.10 look for further downside with 38.45 & 38.15 as targets.

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

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | CoverNews by AF themes.