Forex Technical Analysis: Trade Setups and Ideas (22nd Jan 2019)

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EUR/USD INTRADAY: UNDER PRESSURE

Pivot: 1.1375

Our preference: short positions below 1.1375 with targets at 1.1335 & 1.1310 in extension.

Alternative scenario: above 1.1375 look for further upside with 1.1390 & 1.1410 as targets.

Comment: the RSI is mixed to bearish.

eurusd technical analysis

AUD/USD INTRADAY: UNDER PRESSURE

Pivot: 0.7160

Our preference: short positions below 0.7160 with targets at 0.7100 & 0.7085 in extension.

Alternative scenario: above 0.7160 look for further upside with 0.7185 & 0.7205 as targets.

Comment: the RSI shows downside momentum.

audusd technical analysis

 

USD/CHF INTRADAY: THE BIAS REMAINS BULLISH

Pivot: 0.9955

Our preference: long positions above 0.9955 with targets at 1.0010 & 1.0030 in extension.

Alternative scenario: below 0.9955 look for further downside with 0.9930 & 0.9905 as targets.

Comment: the RSI shows upside momentum.

usdchf technical analysis

 

USD/JPY INTRADAY: UNDER PRESSURE

Pivot: 109.60

Our preference: short positions below 109.60 with targets at 109.30 & 109.10 in extension.

Alternative scenario: above 109.60 look for further upside with 109.70 & 109.90 as targets.

Comment: the RSI shows downside momentum.

usdjpy technical analysis

 

NZD/USD INTRADAY: OUR NEXT UP TARGET STANDS AT 0.6766

Our pivot point stands at 0.6702.

Our preference: our next up target stands at 0.6766.

Alternative scenario: the downside breakout of 0.6702 would call for 0.6680 and 0.6667.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.6717 and 0.6723).

nzdusd technical analysis

 

GBP/USD INTRADAY: THE BIAS REMAINS BULLISH

Pivot: 1.2880

Our preference: long positions above 1.2880 with targets at 1.2965 & 1.3000 in extension.

Alternative scenario: below 1.2880 look for further downside with 1.2855 & 1.2830 as targets.

Comment: the RSI shows upside momentum.

gbpusd technical analysis

 

SILVER SPOT INTRADAY: THE BIAS REMAINS BULLISH

Pivot: 15.2200

Our preference: long positions above 15.2200 with targets at 15.3700 & 15.4300 in extension.

Alternative scenario: below 15.2200 look for further downside with 15.1600 & 15.0900 as targets.

Comment: the RSI is mixed with a bullish bias.

silver spot technical analysis

 

GOLD SPOT INTRADAY: UNDER PRESSURE

Pivot: 1284.50

Our preference: short positions below 1284.50 with targets at 1276.50 & 1274.00 in extension.

Alternative scenario: above 1284.50 look for further upside with 1286.50 & 1289.00 as targets.

Comment: the RSI advocates for further downside.

gold spot technical analysis

 

CRUDE OIL (WTI) (H19) INTRADAY: CAPPED BY A NEGATIVE TREND LINE

Pivot: 53.05

Our preference: short positions below 53.05 with targets at 51.50 & 51.05 in extension.

Alternative scenario: above 53.05 look for further upside with 53.55 & 53.80 as targets.

Comment: the RSI shows downside momentum.

crude oil techical analysis

 

NATURAL GAS (NYMEX) (G9) INTRADAY: THE UPSIDE PREVAILS AS LONG AS 3.2400 IS SUPPORT

Our pivot point is at 3.2400.

Our preference: the upside prevails as long as 3.2400 is support.

Alternative scenario: the downside breakout of 3.2400 would call for 3.1100 and 3.0400.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Natural Gas (NYMEX) (G9) is above its 20 and 50 period MA (respectively at 3.3200 and 3.3200).

natural gas nymex technical analysis

 

DOW JONES (CME) (H19) INTRADAY: CAPPED BY A NEGATIVE TREND LINE

Pivot: 24595.00

Our preference: short positions below 24595.00 with targets at 24370.00 & 24300.00 in extension.

Alternative scenario: above 24595.00 look for further upside with 24650.00 & 24745.00 as targets.

Comment: the RSI advocates for further downside.

dow jones technical analysis

 

NASDAQ 100 (CME) (H19) INTRADAY: CAPPED BY A NEGATIVE TREND LINE

Pivot: 6750.00

Our preference: short positions below 6750.00 with targets at 6698.00 & 6665.00 in extension.

Alternative scenario: above 6750.00 look for further upside with 6778.00 & 6806.00 as targets.

Comment: the RSI shows downside momentum.

nasdaq 100 technical analysis

That’s all for today. If you need training on how to properly trade the Forex market, this course can be of help.

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Forex Technical Analysis: Trade Setups and Ideas
Note: For the best Forex trading robots which have been professionally coded, click here. Alternatively, you can take our trading course to gain access to
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