Forex Technical Analysis: Trade Setups and Ideas (28th Jan 2019)

Note: These Forex trading products can change your life. This piece of technical analysis is for traders who prefer hands on approach as opposed to automated trading.

EUR/USD INTRADAY: UNDER PRESSURE

Pivot: 1.1425

Our preference: short positions below 1.1425 with targets at 1.1390 & 1.1370 in extension.

Alternative scenario: above 1.1425 look for further upside with 1.1435 & 1.1455 as targets.

Comment: the RSI is mixed to bearish.

eurusd technical analysis

 

AUD/USD INTRADAY: CONSOLIDATION

Pivot: 0.7205

Our preference: short positions below 0.7205 with targets at 0.7165 & 0.7145 in extension.

Alternative scenario: above 0.7205 look for further upside with 0.7215 & 0.7235 as targets.

Comment: the RSI is mixed to bearish.

audusd technical analysis

 

USD/CHF INTRADAY: CONSOLIDATION

Pivot: 0.9935

Our preference: short positions below 0.9935 with targets at 0.9905 & 0.9885 in extension.

Alternative scenario: above 0.9935 look for further upside with 0.9950 & 0.9975 as targets.

Comment: the RSI lacks upward momentum.

usdchf technical analysis

 

USD/JPY INTRADAY: UNDER PRESSURE

Pivot: 109.55

Our preference: short positions below 109.55 with targets at 109.25 & 109.10 in extension.

Alternative scenario: above 109.55 look for further upside with 109.70 & 109.95 as targets.

Comment: the RSI is mixed to bearish.

usdjpy technical analysis

 

NZD/USD INTRADAY: AS LONG AS 0.6835 IS SUPPORT LOOK FOR 0.6900

Our pivot point stands at 0.6835.

Our preference: as long as 0.6835 is support look for 0.6900.

Alternative scenario: below 0.6835, expect 0.6811 and 0.6797.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (0.6858) but above its 50 MA (0.6844).

nzdusd technical analysis

 

GBP/USD INTRADAY: TURNING DOWN

Pivot: 1.3185

Our preference: short positions below 1.3185 with targets at 1.3115 & 1.3080 in extension.

Alternative scenario: above 1.3185 look for further upside with 1.3220 & 1.3260 as targets.

Comment: the RSI shows downside momentum.

gbpusd technical analysis

 

SILVER SPOT INTRADAY: THE UPSIDE PREVAILS

Pivot: 15.6200

Our preference: long positions above 15.6200 with targets at 15.8700 & 15.9300 in extension.

Alternative scenario: below 15.6200 look for further downside with 15.5500 & 15.4800 as targets.

Comment: the RSI calls for a new upleg.

silver spot technical analysis

 

GOLD SPOT INTRADAY: THE UPSIDE PREVAILS

Pivot: 1296.50

Our preference: long positions above 1296.50 with targets at 1307.00 & 1309.00 in extension.

Alternative scenario: below 1296.50 look for further downside with 1293.50 & 1290.50 as targets.

Comment: the RSI calls for a new upleg.

gold spot technical analysis

 

CRUDE OIL (WTI) (H19) INTRADAY: THE DOWNSIDE PREVAILS

Pivot: 53.40

Our preference: short positions below 53.40 with targets at 52.10 & 51.85 in extension.

Alternative scenario: above 53.40 look for further upside with 53.70 & 53.95 as targets.

Comment: the RSI is bearish and calls for further decline.

crude oil technical analysis

 

NATURAL GAS (NYMEX) (G9) INTRADAY: THE DOWNSIDE PREVAILS AS LONG AS 3.0400 IS RESISTANCE

Our pivot point is at 3.0400.

Our preference: the downside prevails as long as 3.0400 is resistance.

Alternative scenario: the upside breakout of 3.0400, would call for 3.1900 and 3.2700.

Comment: the RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (G9) is trading under both its 20 and 50 period MA (respectively at 3 and 3.0900).

natural gas nymex technical analysis

 

DOW JONES (CME) (H19) INTRADAY: BULLISH BIAS ABOVE 24570.00

Pivot: 24570.00

Our preference: long positions above 24570.00 with targets at 24750.00 & 24830.00 in extension.

Alternative scenario: below 24570.00 look for further downside with 24485.00 & 24390.00 as targets.

Comment: the RSI is mixed with a bullish bias.

dow jones technical analysis

 

NASDAQ 100 (CME) (H19) INTRADAY: THE BIAS REMAINS BULLISH

Pivot: 6740.00

Our preference: long positions above 6740.00 with targets at 6792.00 & 6811.00 in extension.

Alternative scenario: below 6740.00 look for further downside with 6712.00 & 6673.00 as targets.

Comment: the RSI is mixed with a bullish bias.

nasdaq technical analysis

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Forex Technical Analysis: Trade Setups and Ideas (28th Jan 2019) | Campforex
Note: These Forex trading products can change your life. This piece of technical analysis is for traders who prefer hands on approach as opposed to automat
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