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!
henyep
 
Technical snapshots
July 3, 2020
 
 
 
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!
 
 
 
EUR/USD   GBP/USD   AUD/USD   Gold spot   Silver spot   Crude Oil (WTI)  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
EUR/USD Intraday: the downside prevails.
 
Pivot:
1.1255
 
Our preference:
short positions below 1.1255 with targets at 1.1205 & 1.1185 in extension.
 
Alternative scenario:
above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.
 
Comment:
the RSI is bearish and calls for further downside.
 
 
 
 
 
 
GBP/USD Intraday: consolidation in place.
 
Pivot:
1.2490
 
Our preference:
short positions below 1.2490 with targets at 1.2450 & 1.2420 in extension.
 
Alternative scenario:
above 1.2490 look for further upside with 1.2525 & 1.2545 as targets.
 
Comment:
the RSI lacks upward momentum.
 
 
 
 
 
 
AUD/USD Intraday: under pressure.
 
Pivot:
0.6930
 
Our preference:
short positions below 0.6930 with targets at 0.6910 & 0.6900 in extension.
 
Alternative scenario:
above 0.6930 look for further upside with 0.6945 & 0.6960 as targets.
 
Comment:
the upward potential is likely to be limited by the resistance at 0.6930.
 
 
 
 
 
 
Gold spot Intraday: bullish bias above 1766.00.
 
Pivot:
1766.00
 
Our preference:
long positions above 1766.00 with targets at 1784.00 & 1789.00 in extension.
 
Alternative scenario:
below 1766.00 look for further downside with 1759.00 & 1753.50 as targets.
 
Comment:
the RSI is mixed to bullish.
 
 
 
 
 
 
Silver spot Intraday: rebound.
 
Pivot:
17.8500
 
Our preference:
long positions above 17.8500 with targets at 18.1300 & 18.2700 in extension.
 
Alternative scenario:
below 17.8500 look for further downside with 17.7400 & 17.6700 as targets.
 
Comment:
the RSI calls for a new upleg.
 
 
 
 
 
 
Crude Oil (WTI)‎ (Q0)‎ Intraday: the bias remains bullish.
 
Pivot:
39.85
 
Our preference:
long positions above 39.85 with targets at 40.75 & 41.25 in extension.
 
Alternative scenario:
below 39.85 look for further downside with 39.45 & 39.05 as targets.
 
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
 
 
 
 
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