FxPro – European Session, Daily Technical Analysis Thursday, February 13, 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: under pressure.

Pivot: 1.0890

Most Likely Scenario: short positions below 1.0890 with targets at 1.0855 & 1.0840 in extension.

Alternative scenario: above 1.0890 look for further upside with 1.0905 & 1.0925 as targets.

Comment: the RSI is mixed to bearish.

technical-analysis-13-2-2020Gold spot Intraday: further advance.

Pivot: 1568.00

Most Likely Scenario: long positions above 1568.00 with targets at 1577.00 & 1581.50 in extension.

Alternative scenario: below 1568.00 look for further downside with 1565.00 & 1561.50 as targets.

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

gold-technical-analysis-todayGBP/USD Intraday: the downside prevails.

Pivot: 1.2970

Most Likely Scenario: short positions below 1.2970 with targets at 1.2930 & 1.2920 in extension.

Alternative scenario: above 1.2970 look for further upside with 1.2990 & 1.3010 as targets.

Comment: the RSI shows downside momentum.

fxpro-technical-analysis-13-2-2020GBP/JPY intraday: the downside prevails as long as 142.75 is resistance

Our pivot point stands at 142.75.

Most Likely Scenario: the downside prevails as long as 142.75 is resistance.

Alternative scenario: the upside breakout of 142.75, would call for 143.25 and 143.55.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 142.50 and 142.57).

gbpjpy technical analysis 13 2 2020EUR/JPY intraday: the RSI is oversold

Our pivot point stands at 119.66.

Most Likely Scenario: the downside prevails as long as 119.66 is resistance.

Alternative scenario: the upside breakout of 119.66, would call for 119.93 and 120.10.

Comment: the RSI is trading below 30. This could mean that either the pair is 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. Moreover, the pair stands below its 20 and 50 MAs (respectively at 119.57 and 119.78).

eurjpy technical analysisEUR/GBP intraday: rebound towards 0.8429

0.8371 is our pivot point.

Most Likely Scenario: rebound towards 0.8429.

Alternative scenario: the downside breakout of 0.8371 would call for 0.8349 and 0.8336.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8390 and 0.8401).

eurgbp technical analysisDax (H0) Intraday: further upside.

Pivot: 13620.00

Most Likely Scenario: long positions above 13620.00 with targets at 13770.00 & 13830.00 in extension.

Alternative scenario: below 13620.00 look for further downside with 13550.00 & 13490.00 as targets.

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

dax technical analysisBrent (J0) Intraday: bullish bias above 55.40.

Pivot: 55.40

Most Likely Scenario: long positions above 55.40 with targets at 56.35 & 56.55 in extension.

Alternative scenario: below 55.40 look for further downside with 55.10 & 54.70 as targets.

Comment: the RSI is mixed to bullish.

fxpro-technical-analysisfxpro-open-accountNot sure about trading at FxPro yet? Read our entire FxPro review, updated for 2020 first!

FxPro Review 2020 – Is FxPro a Reliable Broker or Scam Broker?

Tagged with:

This website is owned by GC Media Holdings Ltd. 306 Victoria House, Victoria, Mahe Island, Seychelles. Advertise / (media) buying enquiries