Market Review And Forecast: Caution For GBP/USD
AETOS Capital Group | Mar 18, 2019 11:12
EUR/USD
EUR/USD ST: key resistance at 1.1425.
Pivot: 1.1425
Our preference: Our preference: short positions below 1.1425 with targets at 1.1100 and 1.0870 in extension.
Alternative scenario: Alternative scenario: above 1.1425 look for further upside with 1.1515 and 1.1625 as targets. Comment: Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD
GBP/USD ST: caution.
Pivot: 1.3300
Our preference: Our preference: short positions below 1.3300 with targets at 1.2950 and 1.2770 in extension.
Alternative scenario: Alternative scenario: above 1.3300 look for further upside with 1.3450 and 1.3620 as targets. Comment: Comment: the RSI is mixed and calls for caution.
USD/JPY
USD/JPY ST: the upside prevails.
Pivot: 110.0000
Our preference: Our preference: long positions above 110.00 with targets at 112.90 and 114.05 in extension.
Alternative scenario: Alternative scenario: below 110.00 look for further downside with 108.50 and 107.70 as targets. Comment: Comment: the RSI lacks downward momentum.
AUD/USD
AUD/USD ST: the downside prevails.
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Pivot: 0.7270
Our preference: Our preference: short positions below 0.7270 with targets at 0.6870 and 0.6740 in extension.
Alternative scenario: Alternative scenario: above 0.7270 look for further upside with 0.7400 and 0.7490 as targets. Comment: Comment: as long as the resistance at 0.7270 is not surpassed, the risk of the break below 0.6870 remains high.
USD/CAD
USD/CAD ST: bullish bias above 1.3250.
Pivot: 1.3250
Our preference: Our preference: long positions above 1.3250 with targets at 1.3555 and 1.3660 in extension.
Alternative scenario: Alternative scenario: below 1.3250 look for further downside with 1.3120 and 1.2910 as targets. Comment: Comment: technically the RSI is above its neutrality area at 50.
XAU/USD
Gold spot ST: key resistance at 1320.00.
Pivot: 1320.0000
Our preference: Our preference: short positions below 1320.00 with targets at 1275.00 and 1260.00 in extension.
Alternative scenario: Alternative scenario: above 1320.00 look for further upside with 1347.00 and 1365.00 as targets. Comment: Comment: as long as the resistance at 1320.00 is not surpassed, the risk of the break below 1275.00 remains high.
UK/OIL
Brent (ICE (NYSE:ICE)) (K19) ST: target 75.10.
Pivot: 63.0000
Our preference: Our preference: long positions above 63.00 with targets at 72.05 and 75.10 in extension.
Alternative scenario: Alternative scenario: below 63.00 look for further downside with 58.90 and 55.30 as targets. Comment: Comment: the RSI is bullish and calls for further advance.
Disclaimer: This report and commentary provided above is from Trading Central. The information has not been independently verified and AETOS Capital Group Pty. Ltd. (AETOS) makes no representation as to the accuracy and/or completeness of such information, and is not responsible for any error of any form. AETOS accepts no liability whatsoever for any direct, indirect or consequential loss and/or damage of any form arising from any use of this report.
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