Pre US Open, Daily Technical Analysis
Monday, November 26, 2018
Monday, November 26, 2018
EUR/USD Intraday: the bias remains bullish.
[You must be registered and logged in to see this image.]
Pivot: 1.1345
Most Likely Scenario: long positions above 1.1345 with targets at 1.1400 & 1.1420 in extension.
Alternative scenario: below 1.1345 look for further downside with 1.1325 & 1.1310 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: continuation of the rebound.
[You must be registered and logged in to see this image.]
Pivot: 1.2795
Most Likely Scenario: long positions above 1.2795 with targets at 1.2870 & 1.2910 in extension.
Alternative scenario: below 1.2795 look for further downside with 1.2765 & 1.2730 as targets.
Comment: the RSI shows upside momentum.
USD/JPY Intraday: the bias remains bullish.
[You must be registered and logged in to see this image.]
Pivot: 113.05
Most Likely Scenario: long positions above 113.05 with targets at 113.40 & 113.70 in extension.
Alternative scenario: below 113.05 look for further downside with 112.90 & 112.65 as targets.
Comment: the RSI shows upside momentum.
AUD/USD Intraday: further upside.
[You must be registered and logged in to see this image.]
Pivot: 0.7240
Most Likely Scenario: long positions above 0.7240 with targets at 0.7300 & 0.7325 in extension.
Alternative scenario: below 0.7240 look for further downside with 0.7215 & 0.7200 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: the upside prevails.
[You must be registered and logged in to see this image.]
Pivot: 1222.50
Most Likely Scenario: long positions above 1222.50 with targets at 1230.50 & 1233.50 in extension.
Alternative scenario: below 1222.50 look for further downside with 1219.50 & 1217.50 as targets.
Comment: the RSI is bullish and calls for further upside.
Crude Oil (WTI) (F19) Intraday: capped by a negative trend line.
[You must be registered and logged in to see this image.]
Pivot: 51.60
Most Likely Scenario: short positions below 51.60 with targets at 50.10 & 49.40 in extension.
Alternative scenario: above 51.60 look for further upside with 52.80 & 53.55 as targets.
Comment: the RSI is below its neutrality area at 50%