Pivot: 1.2975 Our preference: short positions below 1.2975 with targets at 1.2900 & 1.2865 in extension. Alternative scenario: above 1.2975 look for further upside with 1.3005 & 1.3030 as targets. Comment: as long as the resistance at 1.2975 is not surpassed, the risk of the break below 1.2900 remains high. Supports and resistances: 1.3030 1.3005 1.2975 …
GBP/USD Intraday: key resistance at 1.2975.(24.12.2019) Read More »
Pivot: 1.2700 Our preference: long positions above 1.2700 with targets at 1.3800 & 1.4375 in extension. Alternative scenario: below 1.2700 look for further downside with 1.2270 & 1.2000 as targets. Comment: the RSI is bullish and calls for further advance. The pair is rebounding and is breaking above a declining trend line in place since 2018 and above …
Pivot: 1.3180 Our preference: short positions below 1.3180 with targets at 1.3145 & 1.3125 in extension. Alternative scenario: above 1.3180 look for further upside with 1.3195 & 1.3225 as targets. Comment: a break below 1.3145 would trigger a drop towards 1.3125. Supports and resistances: 1.3225 1.3195 1.3180 1.3159 Last 1.3145 1.3125 1.3100
1.0937 is our pivot point. Our preference: rebound towards 1.0987. Alternative scenario: the downside breakout of 1.0937 would call for 1.0919 and 1.0908. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA …
EUR/CHF intraday: rebound towards 1.0987(16.12.2019) Read More »
Pivot: 1.1155 Our preference: short positions below 1.1155 with targets at 1.1130 & 1.1110 in extension. Alternative scenario: above 1.1155 look for further upside with 1.1170 & 1.1185 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.1155. Supports and resistances: 1.1185 1.1170 1.1155 1.1147 Last 1.1130 1.1110 1.1100
Pivot: 109.55 Our preference: short positions below 109.55 with targets at 109.25 & 109.10 in extension. Alternative scenario: above 109.55 look for further upside with 109.70 & 109.85 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 109.85 109.70 109.55 109.45 Last 109.25 109.10 109.00
Pivot: 1480.00 Our preference: long positions above 1480.00 with targets at 1485.50 & 1489.00 in extension. Alternative scenario: below 1480.00 look for further downside with 1477.50 & 1475.00 as targets. Comment: the RSI is above its neutrality area at 50%. Supports and resistances: 1491.50 1489.00 1485.50 1482.20 Last 1480.00 1477.50 1475.00
Pivot: 1.3105 Our preference: short positions below 1.3105 with targets at 1.3060 & 1.3040 in extension. Alternative scenario: above 1.3105 look for further upside with 1.3130 & 1.3170 as targets. Comment: as long as the resistance at 1.3105 is not surpassed, the risk of the break below 1.3060 remains high. Supports and resistances: 1.3170 1.3130 1.3105 1.3073 Last 1.3060 …
GBP/USD Intraday: key resistance at 1.3105.(19.12.2019) Read More »
