HYCM Affiliates

Technical snapshots

07.12.2018
EUR GPB AUD GOLD SILVER CRUDE OIL

EUR/USD Intraday: intraday support around 1.1355.


Pivot: 1.1355
Our preference: long positions above 1.1355 with targets at 1.1395 & 1.1415 in extension.
Alternative scenario: below 1.1355 look for further downside with 1.1335 & 1.1320 as targets.
Comment: a support base at 1.1355 has formed and has allowed for a temporary stabilisation.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

GBP/USD Intraday: caution.


Pivot: 1.2755
Our preference: long positions above 1.2755 with targets at 1.2810 & 1.2840 in extension.
Alternative scenario: below 1.2755 look for further downside with 1.2730 & 1.2700 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

AUD/USD Intraday: caution.


Pivot: 0.7215
Our preference: long positions above 0.7215 with targets at 0.7240 & 0.7255 in extension.
Alternative scenario: below 0.7215 look for further downside with 0.7190 & 0.7160 as targets.
Comment: the RSI is mixed and calls for caution.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Gold spot Intraday: consolidation in place.


Pivot: 1242.0000
Our preference: short positions below 1242.00 with targets at 1236.00 & 1233.00 in extension.
Alternative scenario: above 1242.00 look for further upside with 1244.50 & 1248.00 as targets.
Comment: as long as 1242.00 is resistance, look for choppy price action with a bearish bias.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Silver spot Intraday: expect 14.3200.


Pivot: 14.5100
Our preference: short positions below 14.5100 with targets at 14.3800 & 14.3200 in extension.
Alternative scenario: above 14.5100 look for further upside with 14.5800 & 14.6600 as targets.
Comment: as long as 14.5100 is resistance, look for choppy price action with a bearish bias.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Crude Oil (WTI) (F19) Intraday: intraday support around 50.85.


Pivot: 50.8500
Our preference: long positions above 50.85 with targets at 52.05 & 52.60 in extension.
Alternative scenario: below 50.85 look for further downside with 50.10 & 49.40 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The key support level at 50.85 should limit the downside potential.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Disclaimer: Please note that the Trading Signals merely reflect the outcomes of the technical analysis prepared by Trading Central, an independent third party research provider, which might change without any prior notice and should not in any way be construed as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument or be used as the sole factor influencing the client's decision. HYCM provides an execution-only service. Trading Central provides proprietary research.
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