EUR/USD Intraday August 20, 2020

EUR/USD Intraday August 20, 2020 key resistance at 1.1865.           Pivot: 1.1865 Probable market moves: sell positions below 1.1865 with targets at 1.1830 & 1.1810 in extension. Possible outcome: above 1.1865 look for further trending up with 1.1895 & 1.1915 as targets. Additional observations: the RSI shows trending down momentum.

Gold Spot Intraday August 20, 2020

Gold spot Intraday: bounce.           Pivot: 1924.00 Probable market moves: buy positions above 1924.00 with targets at 1965.00 & 1976.00 in extension. Possible outcome: below 1924.00 look for further trending down with 1906.00 & 1893.00 as targets. Additional observations: a support base at 1924.00 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday August 20, 2020

GBP/USD Intraday: under pressure.     Pivot: 1.3125 Probable market moves: sell positions below 1.3125 with targets at 1.3070 & 1.3045 in extension. Possible outcome: above 1.3125 look for further trending up with 1.3160 & 1.3190 as targets. Additional observations: the RSI shows trending down momentum.

GBP/JPY Intraday August 20, 2020

GBP/JPY intraday: rebound towards 139.59           Our pivot point is at 138.70. Probable market moves: rebound towards 139.59. Possible outcome: the trending down breakout of 138.70 would call for 138.38 and 138.19. Additional observations: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (138.98) but under its 50 MA (139.27).

EUR/JPY Intraday August 20, 2020

EUR/JPY intraday: rebound           Our pivot point stands at 125.40. Probable market moves: rebound. Possible outcome: the trending down breakout of 125.40 would call for 125.09 and 124.90. Additional observations: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger more gains. Moreover, the pair stands above its 20 MA (125.63) but below its 50 MA (125.73).

EUR/GBP Intraday August 20, 2020

EUR/GBP intraday: the trending up prevails as buy as 0.9023 is support           Our pivot point is at 0.9023. Probable market moves: the trending up prevails as buy as 0.9023 is support. Possible outcome: below 0.9023, expect 0.9002 and 0.8990. Additional observations: the RSI is above its neutrality area at 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 0.9038 and 0.9028).

DAX Intraday August 20, 2020

Dax (U0) Intraday: the trending down prevails.           Pivot: 12935.00 Probable market moves: sell positions below 12935.00 with targets at 12785.00 & 12720.00 in extension. Possible outcome: above 12935.00 look for further trending up with 12990.00 & 13050.00 as targets. Additional observations: the RSI advocates for further trending down.

BRENT Intraday August 20, 2020

Brent (V0) Intraday: consolidation in place.   Pivot: 45.40 Probable market moves: sell positions below 45.40 with targets at 44.75 & 44.50 in extension. Possible outcome: above 45.40 look for further trending up with 45.60 & 45.80 as targets. Additional observations: as buy as 45.40 is resistance, look for choppy price action with a bearish sentiment.