FX Markets Report

2019/05/24

EUR/USD Intraday: continuation of the rebound.

EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1160

Our preference: long positions above 1.1160 with targets at 1.1200 & 1.1215 in extension.

Alternative scenario: below 1.1160 look for further downside with 1.1145 & 1.1130 as targets.

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


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

GBP/USD Intraday: continuation of the rebound.

Pivot: 1.2645

Our preference: long positions above 1.2645 with targets at 1.2680 & 1.2700 in extension.

Alternative scenario: below 1.2645 look for further downside with 1.2625 & 1.2605 as targets.

Comment: the RSI advocates for further upside.


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

AUD/USD Intraday: target 0.6925.
Pivot: 0.6880

Our preference: long positions above 0.6880 with targets at 0.6910 & 0.6925 in extension.

Alternative scenario: below 0.6880 look for further downside with 0.6865 & 0.6850 as targets.

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


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

USD/JPY Intraday: watch 109.15.
Pivot: 109.80

Our preference: short positions below 109.80 with targets at 109.40 & 109.15 in extension.

Alternative scenario: above 109.80 look for further upside with 110.00 & 110.20 as targets.

Comment: a break below 109.40 would trigger a drop towards 109.15.


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

Gold spot Intraday: bullish bias above 1280.00.
Pivot: 1280.00

Our preference: long positions above 1280.00 with targets at 1287.00 & 1291.00 in extension.

Alternative scenario: below 1280.00 look for further downside with 1277.00 & 1274.50 as targets.

Comment: the RSI is mixed to bullish.


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

 

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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