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FX Majors Technical Overview Ahead Of U.S. CPI Data

Published 02/14/2018, 04:36 AM
Updated 03/09/2019, 08:30 AM


EUR/USD Intraday: the bias remains bullish.
EUR/USD 30min Chart

Pivot: 1.2340

Our preference: long positions above 1.2340 with targets at 1.2405 & 1.2435 in extension.

Alternative scenario: below 1.2340 look for further downside with 1.2305 & 1.2275 as targets.

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

Supports and resistances:

1.2465 1.2435 1.2405

1.2370 Last

1.2340 1.2305 1.2275


GBP/USD Intraday: the bias remains bullish.
GBP/USD 30min Chart

Pivot: 1.3850

Our preference: long positions above 1.3850 with targets at 1.3925 & 1.3980 in extension.

Alternative scenario: below 1.3850 look for further downside with 1.3800 & 1.3760 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.4050 1.3980 1.3925

1.3895 Last seen

1.3850 1.3800 1.3760

USD/JPY Intraday: the downside prevails.

USD/JPY 30min Chart
Pivot: 107.85

Our preference: short positions below 107.85 with targets at 106.60 & 106.15 in extension.

Alternative scenario: above 107.85 look for further upside with 108.20 & 108.50 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

108.50 108.20 107.85

107.20 Last seen

106.60 106.15 105.70

USD/CAD Intraday: under pressure.

Pivot: 1.2630

Our preference: short positions below 1.2630 with targets at 1.2550 & 1.2500 in extension.

Alternative scenario: above 1.2630 look for further upside with 1.2685 & 1.2725 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.2725 1.2685 1.2630

1.2580 Last seen

1.2550 1.2500 1.2460

NZD/USD Intraday: the upside prevails.

NZD/USD 30min Chart

Pivot: 0.7285

Our preference: long positions above 0.7285 with targets at 0.7350 & 0.7380 in extension.

Alternative scenario: below 0.7285 look for further downside with 0.7265 & 0.7245 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.7400 0.7380 0.7350

0.7315 Last seen

0.7285 0.7265 0.7245


AUD/USD Intraday: the upside prevails.
AUD/USD 30min Chart
Pivot: 0.7850

Our preference: long positions above 0.7850 with targets at 0.7895 & 0.7915 in extension.

Alternative scenario: below 0.7850 look for further downside with 0.7825 & 0.7805 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.7940 0.7915 0.7895

0.7875 Last seen

0.7850 0.7825 0.7805


Gold Spot Intraday: the upside prevails.
Gold 30min Chart

Pivot: 1326.00

Our preference: long positions above 1326.00 with targets at 1339.00 & 1346.00 in extension.

Alternative scenario: below 1326.00 look for further downside with 1321.00 & 1316.00 as targets.

Comment: the RSI is supported by a bullish trend line. Prices are ranging within a bullish channel.

Supports and resistances:

1351.00 1346.00 1339.00

1332.50 Last seen

1326.00 1321.00 1316.00


Crude Oil (WTI) (H18) Intraday: bullish bias above 59.70.
WTI 30min Chart
Pivot: 59.70

Our preference: short positions below 59.70 with targets at 58.40 & 58.05 in extension.

Alternative scenario: above 59.70 look for further upside with 60.25 & 60.75 as targets.

Comment: as long as the resistance at 59.70 is not surpassed, the risk of the break below 58.40 remains high. The RSI lacks upward momentum.

Supports and resistances:

60.75 60.25 59.70

59.18 Last seen

58.40 58.05 57.25

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