Fx Majors Intraday Technical Overview - Wednesday

Published on Wednesday, 13 June 2018 08:10 ,by  FxGrow Investment Research Desk
EUR/USD Intraday: under pressure.

 
 Pivot: 1.1775
 
Our preference: short positions below 1.1775 with targets at 1.1725 & 1.1710 in extension.
 
Alternative scenario: above 1.1775 look for further upside with 1.1810 & 1.1840 as targets.
 
Comment: the RSI is mixed with a bearish bias.
 
Supports and resistances:
1.1840
1.1810
1.1775
1.1748 Last
1.1725
1.1710
1.1680
 
GBP/USD Intraday: bullish bias above 1.3345.

 
 Pivot: 1.3345
 
Our preference: long positions above 1.3345 with targets at 1.3380 & 1.3400 in extension.
 
Alternative scenario: below 1.3345 look for further downside with 1.3305 & 1.3280 as targets.
 
Comment: a support base at 1.3345 has formed and has allowed for a temporary stabilisation.
 
Supports and resistances:
1.3425
1.3400
1.3380
1.3360 Last
1.3345
1.3305
1.3280
 
USD/JPY Intraday: the upside prevails.

 
 Pivot: 110.10
 
Our preference: long positions above 110.10 with targets at 110.85 & 111.15 in extension.
 
Alternative scenario: below 110.10 look for further downside with 109.80 & 109.50 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
111.50
111.15
110.85
110.53 Last
110.10
109.80
109.50
 
USD/CAD Intraday: the upside prevails.

 
 Pivot: 1.2975
 
Our preference: long positions above 1.2975 with targets at 1.3065 & 1.3100 in extension.
 
Alternative scenario: below 1.2975 look for further downside with 1.2950 & 1.2920 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1.3125
1.3100
1.3065
1.3030 Last
1.2975
1.2950
1.2920
 
NZD/USD Intraday: under pressure.

 
 Pivot: 0.7020
 
Our preference: short positions below 0.7020 with targets at 0.6990 & 0.6980 in extension.
 
Alternative scenario: above 0.7020 look for further upside with 0.7035 & 0.7055 as targets.
 
Comment: the RSI lacks upward momentum.
 
Supports and resistances:
0.7055
0.7035
0.7020
0.7010 Last
0.6990
0.6980
0.6965
 
AUD/USD Intraday: under pressure.


 
 Pivot: 0.7595
 
Our preference: short positions below 0.7595 with targets at 0.7540 & 0.7520 in extension.
 
Alternative scenario: above 0.7595 look for further upside with 0.7625 & 0.7645 as targets.
 
Comment: the RSI is mixed to bearish.
 
Supports and resistances:
0.7645
0.7625
0.7595
0.7570 Last
0.7540
0.7520
0.7500
 
Crude Oil(WTI) (N18) Intraday: under pressure.

 
 Pivot: 66.35
 
Our preference: short positions below 66.35 with targets at 65.50 & 65.20 in extension.
 
Alternative scenario: above 66.35 look for further upside with 66.70 & 67.00 as targets.
 
Comment: the RSI advocates for further decline.
 
Supports and resistances:
67.00
66.70
66.35
65.88 Last
65.50
65.20
64.85
 
Gold spot Intraday: range.

 
 Pivot: 1300.00
 
Our preference: short positions below 1300.00 with targets at 1292.50 & 1290.00 in extension.
 
Alternative scenario: above 1300.00 look for further upside with 1303.25 & 1306.75 as targets.
 
Comment: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.
 
Supports and resistances:
1306.75
1303.25
1300.00
1294.82 Last
1292.50
1290.00
1287.50

 

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