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Daily Technical levels – Trading Central 20-01-2016‏ By orbex

 

EUR/USD Intraday: the upside prevails.

 

 

Pivot: 1.09

Our preference: long positions above 1.09 with targets @ 1.0965 & 1.0985 in extension.

Alternative scenario: below 1.09 look for further downside with 1.0855 & 1.0835 as targets.

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

 

USD/CHF Intraday: the downside prevails.

 

 

Pivot: 1.004

Our preference: short positions below 1.004 with targets @ 0.996 & 0.993 in extension.

Alternative scenario: above 1.004 look for further upside with 1.008 & 1.011 as targets.

Comment: the RSI is badly directed.

 

 

GBP/USD Intraday: under pressure.

 

 

Pivot: 1.423

Our preference: short positions below 1.423 with targets @ 1.4125 & 1.408 in extension.

Alternative scenario: above 1.423 look for further upside with 1.427 & 1.432 as targets.

Comment: a break below 1.4125 would trigger a drop towards 1.408.

 

 

Dow Jones (CME) (H6) Intraday: the downside prevails.

 

 

Pivot: 16000

Our preference: short positions below 16000 with targets @ 15500 & 15400 in extension.

Alternative scenario: above 16000 look for further upside with 16190 & 16390 as targets.

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

 

 

Gold spot Intraday: rebound expected.

 

 

Pivot: 1085

Our preference: long positions above 1085 with targets @ 1097 & 1106 in extension.

Alternative scenario: below 1085 look for further downside with 1080 & 1076 as targets.

Comment: the RSI is supported by a rising trend line.

 

 

Crude Oil (WTI) (G6) Intraday: the downside prevails.

 

 

Pivot: 29.4

Our preference: short positions below 29.4 with targets @ 27 & 26.2 in extension.

Alternative scenario: above 29.4 look for further upside with 30.2 & 30.96 as targets.

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

 

Source: https://www.orbex.com/

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