Fx Majors Intraday Technical Overview - Tuesday

Published on Tuesday, 12 June 2018 07:49 ,by  FxGrow Investment Research Desk
EUR/USD Intraday: rebound.

 
 Pivot: 1.1755
 
Our preference: long positions above 1.1755 with targets at 1.1815 & 1.1840 in extension.
 
Alternative scenario: below 1.1755 look for further downside with 1.1735 & 1.1710 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.1875
1.1840
1.1815
1.1794 Last
1.1755
1.1735
1.1710
 
GBP/USD Intraday: under pressure.

 
 Pivot: 1.3400
 
Our preference: short positions below 1.3400 with targets at 1.3340 & 1.3305 in extension.
 
Alternative scenario: above 1.3400 look for further upside with 1.3440 & 1.3470 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
1.3470
1.3440
1.3400
1.3365 Last
1.3340
1.3305
1.3265
 
USD/JPY Intraday: the bias remains bullish.

 
 Pivot: 109.90
 
Our preference: long positions above 109.90 with targets at 110.60 & 110.85 in extension.
 
Alternative scenario: below 109.90 look for further downside with 109.60 & 109.30 as targets.
 
Comment: technically the RSI is above its neutrality area at 50.
 
Supports and resistances:
111.15
110.85
110.60
110.25 Last
109.90
109.60
109.30
 
USD/CAD Intraday: the bias remains bullish.

 
 Pivot: 1.2950
 
Our preference: long positions above 1.2950 with targets at 1.3030 & 1.3065 in extension.
 
Alternative scenario: below 1.2950 look for further downside with 1.2920 & 1.2890 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3100
1.3065
1.3030
1.2995 Last
1.2950
1.2920
1.2890
 
NZD/USD Intraday: the upside prevails.

 
 Pivot: 0.7010
 
Our preference: long positions above 0.7010 with targets at 0.7055 & 0.7070 in extension.
 
Alternative scenario: below 0.7010 look for further downside with 0.6995 & 0.6975 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7090
0.7070
0.7055
0.7035 Last
0.7010
0.6995
0.6975
 
AUD/USD Intraday: the upside prevails.

 
 Pivot: 0.7595
 
Our preference: long positions above 0.7595 with targets at 0.7625 & 0.7645 in extension.
 
Alternative scenario: below 0.7595 look for further downside with 0.7580 & 0.7560 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
0.7660
0.7645
0.7625
0.7614 Last
0.7595
0.7580
0.7560
 
Gold spot Intraday: bullish bias above 1294.00.
 

 Pivot: 1294.00
 
Our preference: long positions above 1294.00 with targets at 1300.50 & 1303.25 in extension.
 
Alternative scenario: below 1294.00 look for further downside with 1290.00 & 1287.50 as targets.
 
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Supports and resistances:
1306.75
1303.25
1300.50
1297.95 Last
1294.00
1290.00
1287.50
 
Crude Oil(WTI) (N18) Intraday: further advance.

 
 Pivot: 65.90
 
Our preference: long positions above 65.90 with targets at 67.00 & 67.30 in extension.
 
Alternative scenario: below 65.90 look for further downside with 65.60 & 65.20 as targets.
 
Comment: the RSI advocates for further advance.
 
Supports and resistances:
67.90
67.30
67.00
66.50 Last
65.90
65.60
65.20

 

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