Daily Pivot Point Summary

Daily Pivot Point Summary . EUR/USD Intraday: the upside prevails.
Pivot: 1.1615
Our preference: long positions above 1.1615 with targets at 1.1655 & 1.1680 in extension.
Alternative scenario: below 1.1615 look for further downside with 1.1590 & 1.1570 as targets.
Comment: technically the RSI is above its neutrality area at 50.

GBP/USD Intraday: under pressure.
Pivot: 1.3145
Our preference: short positions below 1.3145 with targets at 1.3110 & 1.3090 in extension.
Alternative scenario: above 1.3145 look for further upside with 1.3180 & 1.3210 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3145.

AUD/USD Intraday: turning up.
Pivot: 0.7330
Our preference: long positions above 0.7330 with targets at 0.7370 & 0.7390 in extension.
Alternative scenario: below 0.7330 look for further downside with 0.7310 & 0.7290 as targets.
Comment: the RSI calls for a new upleg.

Gold spot Intraday: under pressure.
Pivot: 1243.0000
Our preference: short positions below 1243.00 with targets at 1235.50 & 1232.00 in extension.
Alternative scenario: above 1243.00 look for further upside with 1247.50 & 1251.00 as targets.
Comment: the RSI is mixed to bearish.

Silver spot Intraday: the downside prevails.
Pivot: 15.8700
Our preference: short positions below 15.8700 with targets at 15.7000 & 15.6500 in extension.
Alternative scenario: above 15.8700 look for further upside with 15.9800 & 16.0800 as targets.
Comment: the RSI advocates for further decline.

Crude Oil (WTI) (Q18) Intraday: further upside.
Pivot: 73.7500
Our preference: long @ 74.68 with targets @ 75.20 & 76.00 in extension.
Alternative scenario: below 73.75 look for further downside with 73.00 & 72.60 as targets.
Comment: the RSI shows upside momentum. The prices are trading above the 20-period and 50-period moving averages.

Source: HYCM Forex Broker