Forex Technical Analysis: Trade Setups and Ideas (18th Jan 2019)

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EUR/USD INTRADAY: KEY RESISTANCE AT 1.1410

Pivot: 1.1410

Our preference: short positions below 1.1410 with targets at 1.1370 & 1.1340 in extension.

Alternative scenario: above 1.1410 look for further upside with 1.1425 & 1.1455 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1410.

eur usd technical analysis 30 min

AUD/USD INTRADAY: THE UPSIDE PREVAILS

Pivot: 0.7175

Our preference: long positions above 0.7175 with targets at 0.7220 & 0.7235 in extension.

Alternative scenario: below 0.7175 look for further downside with 0.7160 & 0.7145 as targets.

Comment: the RSI calls for a bounce.

audusd technical analysis

USDCHF INTRADAY: REMAINS BULLISH THROUGHOUT

Pivot: 0.9920

Our preference: long positions above 0.9920 with targets at 0.9955 & 0.9970 in extension.

Alternative scenario: below 0.9920 look for further downside with 0.9905 & 0.9885 as targets.

Comment: technically the RSI is above its neutrality area at 50.

usdchf technical analysis

USDJPY INTRADAY: FURTHER ADVANCE

Pivot: 108.90

Our preference: long positions above 108.90 with targets at 109.75 & 110.00 in extension.

Alternative scenario: below 108.90 look for further downside with 108.65 & 108.35 as targets.

Comment: the RSI is bullish and calls for further advance.

USDJPY TECHNICAL ANALYSIS

NZDUSD INTRADAY: THE UPSIDE PREVAILS AS LONG AS 0.6747 IS SUPPORT

Our pivot point is at 0.6747.

Our preference: the upside prevails as long as 0.6747 is support.

Alternative scenario: the downside breakout of 0.6747 would call for 0.6723 and 0.6709.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.6761 and 0.6750).

NZDUSD TECHNICAL ANALYSIS

GBPUSD INTRADAY: WATCH 1.3080

Pivot: 1.2915

Our preference: long positions above 1.2915 with targets at 1.3015 & 1.3080 in extension.

Alternative scenario: below 1.2915 look for further downside with 1.2880 & 1.2830 as targets.

Comment: the RSI is bullish and calls for further upside.

GBPUSD TECHNICAL ANALYSIS

SILVER SPOT INTRADAY: CAPPED BY A NEGATIVE TREND LINE

Pivot: 15.5700

Our preference: short positions below 15.5700 with targets at 15.4800 & 15.4300 in extension.

Alternative scenario: above 15.5700 look for further upside with 15.6100 & 15.6500 as targets.

Comment: as long as the resistance at 15.5700 is not surpassed, the risk of the break below 15.4800 remains high.

SILVER SPOT TECHNICAL ANALYSIS

GOLD SPOT INTRADAY: CONSOLIDATION

Pivot: 1295.00

Our preference: short positions below 1295.00 with targets at 1288.50 & 1286.50 in extension.

Alternative scenario: above 1295.00 look for further upside with 1297.00 & 1299.50 as targets.

Comment: as long as 1295.00 is resistance, look for choppy price action with a bearish bias.

GOLD SPOT TECHNICAL ANALYSIS

CRUDE OIL (WTI) (G19) INTRADAY: FURTHER ADVANCE

Pivot: 52.05

Our preference: long positions above 52.05 with targets at 53.30 & 53.80 in extension.

Alternative scenario: below 52.05 look for further downside with 51.65 & 51.05 as targets.

Comment: the RSI advocates for further advance.

CRUDE OIL TECHNICAL ANALYSIS

NATURAL GAS (NYMEX) (G9) INTRADAY: BELOW ITS LOWER BOLLINGER BAND

3.5600 is our pivot point.

Our preference: under pressure below 3.5600.

Alternative scenario: above 3.5600, look for 3.6900 and 3.7700.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Natural Gas (NYMEX) (G9) is trading under both its 20 and 50 period MA (respectively at 3.5300 and 3.4900). Finally, the Natural Gas (NYMEX) (G9) is trading below its lower Bollinger band (standing at 3.4500)

NATURAL GAS NYMEX TECHNICAL ANALYSIS

DOW JONES (CME) (H19) INTRADAY: THE UPSIDE PREVAILS

Pivot: 24125.00

Our preference: long positions above 24125.00 with targets at 24520.00 & 24610.00 in extension.

Alternative scenario: below 24125.00 look for further downside with 24035.00 & 23960.00 as targets.

Comment: the RSI is bullish and calls for further advance.

DOW JONES CME TECHNICAL ANALYSIS

NASDAQ 100 (CME) (H19) INTRADAY: FURTHER UPSIDE

Pivot: 6665.00

Our preference: long positions above 6665.00 with targets at 6760.00 & 6793.00 in extension.

Alternative scenario: below 6665.00 look for further downside with 6645.00 & 6621.50 as targets.

Comment: the RSI advocates for further advance.

NASDAQ 100 CME TECHNICAL ANALYSIS

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