Daily Markets Review Pre 20.11.2020 – US EUR/USD | GBP/USD | USD/JPY | Bitcoin | Gold | Dow Jones

Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!

USD/CAD Intraday: under pressure.   Pivot: 1.3090   Trading Central preference: short positions below 1.3090 with targets at 1.3030 & 1.3010 in extension.   Alternative scenario: above 1.3090 look for further upside with 1.3100 & 1.3125 as targets.   Comment: the RSI shows downside momentum.

EUR/USD Intraday: the upside prevails.   Pivot: 1.1850   Trading Central preference: long positions above 1.1850 with targets at 1.1880 & 1.1890 in extension.   Alternative scenario: below 1.1850 look for further downside with 1.1830 & 1.1815 as targets.   Comment: the RSI is mixed to bullish.

Bitcoin / Dollar intraday: the upside prevails as long as 17969 is support   Our pivot point stands at 17969.   Trading Central preference: the upside prevails as long as 17969 is support.   Alternative scenario: below 17969, expect 17674 and 17499.   Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 18138 and 17999).

GBP/USD Intraday: the upside prevails.   Pivot: 1.3245   Trading Central preference: long positions above 1.3245 with targets at 1.3290 & 1.3310 in extension.   Alternative scenario: below 1.3245 look for further downside with 1.3225 & 1.3195 as targets.   Comment: the RSI is mixed to bullish.

GBP/JPY intraday: as long as 137.25 is support look for 138.76   Our pivot point stands at 137.25.   Trading Central preference: as long as 137.25 is support look for 138.76.   Alternative scenario: below 137.25, expect 136.71 and 136.38.   Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (137.76) but above its 50 MA (137.65).

EUR/GBP intraday: the downside prevails as long as 0.8961 is resistance   Our pivot point is at 0.8961.   Trading Central preference: the downside prevails as long as 0.8961 is resistance.   Alternative scenario: above 0.8961, look for 0.8990 and 0.9007.   Comment: the RSI is below 50. 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 0.8947 and 0.8948).

AUD/USD Intraday: the bias remains bullish.   Pivot: 0.7280   Trading Central preference: long positions above 0.7280 with targets at 0.7330 & 0.7340 in extension.   Alternative scenario: below 0.7280 look for further downside with 0.7265 & 0.7250 as targets.   Comment: the RSI shows upside momentum.

USD/JPY Intraday: under pressure.   Pivot: 104.00   Trading Central preference: short positions below 104.00 with targets at 103.60 & 103.40 in extension.   Alternative scenario: above 104.00 look for further upside with 104.20 & 104.40 as targets.   Comment: as long as the resistance at 104.00 is not surpassed, the risk of the break below 103.60 remains high.