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Technical snapshots
June 17, 2019
 
 
 
Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!
 
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
 
 
EUR/USD Intraday: key resistance at 1.1240.
 
Pivot:
1.1240
 
Our preference:
short positions below 1.1240 with targets at 1.1200 & 1.1185 in extension.
 
Alternative scenario:
above 1.1240 look for further upside with 1.1265 & 1.1285 as targets.
 
Comment:
as long as the resistance at 1.1240 is not surpassed, the risk of the break below 1.1200 remains high.
 
 
 
 
 
 
GBP/USD Intraday: under pressure.
 
Pivot:
1.2620
 
Our preference:
short positions below 1.2620 with targets at 1.2575 & 1.2560 in extension.
 
Alternative scenario:
above 1.2620 look for further upside with 1.2650 & 1.2670 as targets.
 
Comment:
the RSI shows downside momentum.
 
 
 
 
 
 
AUD/USD Intraday: key resistance at 0.6890.
 
Pivot:
0.6890
 
Our preference:
short positions below 0.6890 with targets at 0.6860 & 0.6850 in extension.
 
Alternative scenario:
above 0.6890 look for further upside with 0.6905 & 0.6920 as targets.
 
Comment:
the upward potential is likely to be limited by the resistance at 0.6890.
 
 
 
 
 
 
Gold spot Intraday: look for 1330.00.
 
Pivot:
1347.00
 
Our preference:
short positions below 1347.00 with targets at 1336.00 & 1330.00 in extension.
 
Alternative scenario:
above 1347.00 look for further upside with 1351.00 & 1356.00 as targets.
 
Comment:
as long as the resistance at 1347.00 is not surpassed, the risk of the break below 1336.00 remains high.
 
 
 
 
 
 
Silver spot Intraday: expect 14.7200.
 
Pivot:
14.9300
 
Our preference:
short positions below 14.9300 with targets at 14.7800 & 14.7200 in extension.
 
Alternative scenario:
above 14.9300 look for further upside with 15.0000 & 15.1100 as targets.
 
Comment:
as long as the resistance at 14.9300 is not surpassed, the risk of the break below 14.7800 remains high.
 
 
 
 
 
 
Crude Oil (WTI)‎ (N9)‎ Intraday: supported by a rising trend line.
 
Pivot:
52.20
 
Our preference:
long positions above 52.20 with targets at 53.00 & 53.45 in extension.
 
Alternative scenario:
below 52.20 look for further downside with 51.70 & 51.30 as targets.
 
Comment:
the RSI is mixed with a bullish bias. The rising 50-period moving average is playing a support role.
 
 
 
     
 
 
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