henyep
 
Technical snapshots
August 22, 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: under pressure.
 
Pivot:
1.1095
 
Our preference:
short positions below 1.1095 with targets at 1.1075 & 1.1065 in extension.
 
Alternative scenario:
above 1.1095 look for further upside with 1.1105 & 1.1120 as targets.
 
Comment:
as long as the resistance at 1.1095 is not surpassed, the risk of the break below 1.1075 remains high.
 
 
 
 
 
 
GBP/USD Intraday: under pressure.
 
Pivot:
1.2150
 
Our preference:
short positions below 1.2150 with targets at 1.2105 & 1.2080 in extension.
 
Alternative scenario:
above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.
 
Comment:
the RSI is mixed to bearish.
 
 
 
 
 
 
AUD/USD Intraday: under pressure.
 
Pivot:
0.6785
 
Our preference:
short positions below 0.6785 with targets at 0.6750 & 0.6735 in extension.
 
Alternative scenario:
above 0.6785 look for further upside with 0.6800 & 0.6810 as targets.
 
Comment:
the RSI is bearish and calls for further downside.
 
 
 
 
 
 
Gold spot Intraday: consolidation.
 
Pivot:
1506.00
 
Our preference:
short positions below 1506.00 with targets at 1496.50 & 1493.00 in extension.
 
Alternative scenario:
above 1506.00 look for further upside with 1509.00 & 1512.50 as targets.
 
Comment:
as long as 1506.00 is resistance, expect a return to 1496.50.
 
 
 
 
 
 
Silver spot Intraday: turning down.
 
Pivot:
17.1500
 
Our preference:
short positions below 17.1500 with targets at 16.9300 & 16.8300 in extension.
 
Alternative scenario:
above 17.1500 look for further upside with 17.2000 & 17.3000 as targets.
 
Comment:
the RSI calls for a drop.
 
 
 
 
 
 
Crude Oil (WTI)‎ (V9)‎ Intraday: under pressure.
 
Pivot:
56.10
 
Our preference:
short positions below 56.10 with targets at 55.15 & 54.85 in extension.
 
Alternative scenario:
above 56.10 look for further upside with 56.60 & 56.95 as targets.
 
Comment:
the RSI is bearish and calls for further downside.
 
 
 
     
 
 
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