Fx Majors Intraday Technical Overview - Thursday

Published on Thursday, 12 July 2018 07:38 ,by  FxGrow Investment Research Desk
EUR/USD Intraday: key resistance at 1.1695.

 
 Pivot: 1.1695
 
Our preference: short positions below 1.1695 with targets at 1.1655 & 1.1625 in extension.
 
Alternative scenario: above 1.1695 look for further upside with 1.1725 & 1.1760 as targets.
 
Comment: as long as 1.1695 is resistance, look for choppy price action with a bearish bias.
 
Supports and resistances:
1.1760
1.1725
1.1695
1.1676 Last
1.1655
1.1625
1.1590
 
GBP/USD Intraday: key resistance at 1.3230.

 
 Pivot: 1.3230
 
Our preference: short positions below 1.3230 with targets at 1.3170 & 1.3150 in extension.
 
Alternative scenario: above 1.3230 look for further upside with 1.3255 & 1.3285 as targets.
 
Comment: as long as 1.3230 is resistance, likely decline to 1.3170.
 
Supports and resistances:
1.3285
1.3255
1.3230
1.3201 Last
1.3170
1.3150
1.3135
 
USD/JPY Intraday: bullish bias above 111.90.

 
 Pivot: 111.90
 
Our preference: long positions above 111.90 with targets at 112.40 & 112.60 in extension.
 
Alternative scenario: below 111.90 look for further downside with 111.65 & 111.35 as targets.
 
Comment: the RSI is mixed to bullish.
 
Supports and resistances:
112.80
112.60
112.40
112.19 Last
111.90
111.65
111.35
 
USD/CAD Intraday: bullish bias above 1.3170.

 
 Pivot: 1.3170
 
Our preference: long positions above 1.3170 with targets at 1.3220 & 1.3240 in extension.
 
Alternative scenario: below 1.3170 look for further downside with 1.3135 & 1.3095 as targets.
 
Comment: the RSI is mixed with a bullish bias.
 
Supports and resistances:
1.3260
1.3240
1.3220
1.3195 Last
1.3170
1.3135
1.3095
 
Gold spot Intraday: turning up.

 
 Pivot: 1242.00
 
Our preference: long positions above 1242.00 with targets at 1249.00 & 1251.00 in extension.
 
Alternative scenario: below 1242.00 look for further downside with 1239.00 & 1237.00 as targets.
 
Comment: the RSI shows upside momentum.
 
Supports and resistances:
1253.00
1251.00
1249.00
1245.08 Last
1242.00
1239.00
1237.00
 
Crude Oil(WTI) (Q18) Intraday: under pressure.

 
 Pivot: 71.20
 
Our preference: short positions below 71.20 with targets at 70.00 & 69.40 in extension.
 
Alternative scenario: above 71.20 look for further upside with 72.10 & 72.70 as targets.
 
Comment: the RSI is capped by a bearish trend line.
 
Supports and resistances:
72.70
72.10
71.20
70.82 Last
70.00
69.40
68.70 

AWARDS

NEED HELP?

chat LIVE CHAT

FOLLOW US

OPEN ACCOUNT

* TRADING FOREX AND CFDS IS RISKY
DON'T HAVE AN ACCOUNT YET?
* TRADING FOREX AND CFD IS RISKY
X
 x 

Request a call back

Please fill out and submit the form below and we will call you back

CallBack EN
  1. Name*
    Please provide your First Name
  2. Phone*
    +Invalid Input
    Please Provide Your phone number
  3. Best time to call
    Invalid Input
    xWhat is the best time to call?
    00
    00
    AM

×
RISK WARNING : FOREX and CFDs are high risk leveraged products and can result in the loss of all invested capital. CFDs may not be suitable for all investors. Please read our full Risk Disclosure Statement.
Cookie Policy: Fxgrow.com uses cookies, and by continuing to use this website you consent to this. For more information please read our Cookie Policy.