henyep
 
Technical snapshots
October 18, 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!
 
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 bias remains bullish.
 
Pivot:
1.1105
 
Our preference:
long positions above 1.1105 with targets at 1.1140 & 1.1160 in extension.
 
Alternative scenario:
below 1.1105 look for further downside with 1.1085 & 1.1065 as targets.
 
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
 
 
 
 
 
GBP/USD Intraday: consolidation.
 
Pivot:
1.2890
 
Our preference:
short positions below 1.2890 with targets at 1.2800 & 1.2755 in extension.
 
Alternative scenario:
above 1.2890 look for further upside with 1.2930 & 1.2990 as targets.
 
Comment:
the RSI shows downside momentum.
 
 
 
 
 
 
AUD/USD Intraday: the bias remains bullish.
 
Pivot:
0.6810
 
Our preference:
long positions above 0.6810 with targets at 0.6850 & 0.6870 in extension.
 
Alternative scenario:
below 0.6810 look for further downside with 0.6790 & 0.6775 as targets.
 
Comment:
the RSI is mixed to bullish.
 
 
 
 
 
 
Gold spot Intraday: target 1500.00.
 
Pivot:
1488.00
 
Our preference:
long positions above 1488.00 with targets at 1497.00 & 1500.00 in extension.
 
Alternative scenario:
below 1488.00 look for further downside with 1484.00 & 1481.00 as targets.
 
Comment:
the RSI calls for a bounce.
 
 
 
 
 
 
Silver spot Intraday: watch 17.7100.
 
Pivot:
17.4200
 
Our preference:
long positions above 17.4200 with targets at 17.6400 & 17.7100 in extension.
 
Alternative scenario:
below 17.4200 look for further downside with 17.3500 & 17.3000 as targets.
 
Comment:
the RSI is mixed to bullish.
 
 
 
 
 
 
Crude Oil (WTI)‎ (X9)‎ Intraday: further advance.
 
Pivot:
53.60
 
Our preference:
long positions above 53.60 with targets at 54.15 & 54.40 in extension.
 
Alternative scenario:
below 53.60 look for further downside with 53.30 & 52.95 as targets.
 
Comment:
the RSI calls for a new upleg.
 
 
 
     
 
 
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