Technical Analysis | 18.03.2019

Investmentpips technical analysis

EUR/USD Intraday: the bias remains bullish.


Pivot: 1.1315
Our preference: long positions above 1.1315 with targets at 1.1345 & 1.1360 in extension.
Alternative scenario: below 1.1315 look for further downside with 1.1300 & 1.1275 as targets.
Comment: the RSI shows upside momentum.
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: intraday support around 1.3260.


Pivot: 1.3260
Our preference: long positions above 1.3260 with targets at 1.3330 & 1.3380 in extension.
Alternative scenario: below 1.3260 look for further downside with 1.3230 & 1.3200 as targets.
Comment: the RSI lacks downward momentum.
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: the bias remains bullish.


Pivot: 0.7090
Our preference: long positions above 0.7090 with targets at 0.7130 & 0.7145 in extension.
Alternative scenario: below 0.7090 look for further downside with 0.7070 & 0.7055 as targets.
Comment: the RSI shows upside momentum.
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: watch 1292.50.


Pivot: 1304.0000
Our preference: short positions below 1304.00 with targets at 1297.00 & 1292.50 in extension.
Alternative scenario: above 1304.00 look for further upside with 1308.00 & 1311.00 as targets.
Comment: a break below 1297.00 would trigger a drop towards 1292.50.
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: target 15.1000.


Pivot: 15.3800
Our preference: short positions below 15.3800 with targets at 15.2000 & 15.1000 in extension.
Alternative scenario: above 15.3800 look for further upside with 15.4400 & 15.5300 as targets.
Comment: the RSI calls for a drop.
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) (J19) Intraday: expect 57.75.


Pivot: 58.6500
Our preference: short positions below 58.65 with targets at 58.05 & 57.75 in extension.
Alternative scenario: above 58.65 look for further upside with 58.95 & 59.20 as targets.
Comment: the RSI calls for a drop. Prices stay below both the 20-period and 50-period moving averages.
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