FxPro – European Session, Daily Technical Analysis Friday, February 14, 2020

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD Intraday: the downside prevails.

Pivot: 1.0855

Most Likely Scenario: short positions below 1.0855 with targets at 1.0825 & 1.0815 in extension.

Alternative scenario: above 1.0855 look for further upside with 1.0875 & 1.0890 as targets.

Comment: the RSI is mixed to bearish.

eurusd-technical-analysis

Gold spot Intraday: bullish bias above 1571.50.

Pivot: 1571.50

Most Likely Scenario: long positions above 1571.50 with targets at 1578.00 & 1581.00 in extension.

Alternative scenario: below 1571.50 look for further downside with 1569.00 & 1565.00 as targets.

Comment: a support base at 1571.50 has formed and has allowed for a temporary stabilization

goldspot-technical-analysis

GBP/USD Intraday: bullish bias above 1.3015.

Pivot: 1.3015

Most Likely Scenario: long positions above 1.3015 with targets at 1.3070 & 1.3100 in extension.

Alternative scenario: below 1.3015 look for further downside with 1.2990 & 1.2965 as targets.

Comment: the RSI shows upside momentum.

gbp-usd-ta-14-2-2020

GBP/JPY intraday: as long as 142.87 is support look for 144.31.

Our pivot point stands at 142.87.

Most Likely Scenario: as long as 142.87 is support look for 144.31.

Alternative scenario: below 142.87, expect 142.37 and 142.07.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 143.27 and 142.88).

gbpjpy ta 14 2 2020

EUR/JPY intraday: rebound towards 119.59.

Our pivot point is at 118.78.

Most Likely Scenario: rebound towards 119.59.

Alternative scenario: below 118.78, expect 118.51 and 118.34.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (119.02) but under its 50 MA (119.18).

eurjpy ta 4 2 2020EUR/GBP intraday: rebound towards 0.8345.

0.8286 is our pivot point.

Most Likely Scenario: rebound towards 0.8345.

Alternative scenario: below 0.8286, expect 0.8264 and 0.8252.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8307 and 0.8340).

eurgbp ta 14 2020Dax (H0) Intraday: intraday support around 13565.00.

Pivot: 13565.00

Most Likely Scenario: long positions above 13565.00 with targets at 13700.00 & 13740.00 in extension.

Alternative scenario: below 13565.00 look for further downside with 13480.00 & 13420.00 as targets.

Comment: the immediate trend remains down but the momentum is weak.

dax ta 14 2 2020Brent (J0) Intraday: the upside prevails.

Pivot: 55.90

Most Likely Scenario: long positions above 55.90 with targets at 56.80 & 57.30 in extension.

Alternative scenario: below 55.90 look for further downside with 55.60 & 55.30 as targets.

Comment: the RSI calls for a new upleg.

brent-oil-t-a-14-2-2020

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