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Market Review & Forecast - March 18, 2019

AETOS Capital Group

EUR/USD

EUR-USD

EUR/USD ST: key resistance at 1.1425.
Pivot: 1.1425
Our preference: Our preference: short positions below 1.1425 with targets at 1.1100 & 1.0870 in extension.
Alternative scenario: Alternative scenario: above 1.1425 look for further upside with 1.1515 & 1.1625 as targets. Comment: Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

GBP/USD

GBP-USD

GBP/USD ST: caution.
Pivot: 1.3300
Our preference: Our preference: short positions below 1.3300 with targets at 1.2950 & 1.2770 in extension.
Alternative scenario: Alternative scenario: above 1.3300 look for further upside with 1.3450 & 1.3620 as targets. Comment: Comment: the RSI is mixed and calls for caution.

USD/JPY

USD-JPY

USD/JPY ST: the upside prevails.
Pivot: 110.0000
Our preference: Our preference: long positions above 110.00 with targets at 112.90 & 114.05 in extension.
Alternative scenario: Alternative scenario: below 110.00 look for further downside with 108.50 & 107.70 as targets. Comment: Comment: the RSI lacks downward momentum.

AUD/USD

AUD-USD

AUD/USD ST: the downside prevails.
Pivot: 0.7270
Our preference: Our preference: short positions below 0.7270 with targets at 0.6870 & 0.6740 in extension.
Alternative scenario: Alternative scenario: above 0.7270 look for further upside with 0.7400 & 0.7490 as targets. Comment: Comment: as long as the resistance at 0.7270 is not surpassed, the risk of the break below 0.6870 remains high.

USD/CAD

USD-CAD

USD/CAD ST: bullish bias above 1.3250.
Pivot: 1.3250
Our preference: Our preference: long positions above 1.3250 with targets at 1.3555 & 1.3660 in extension.
Alternative scenario: Alternative scenario: below 1.3250 look for further downside with 1.3120 & 1.2910 as targets. Comment: Comment: technically the RSI is above its neutrality area at 50.

XAU/USD

XAU-USD

Gold spot ST: key resistance at 1320.00.
Pivot: 1320.0000
Our preference: Our preference: short positions below 1320.00 with targets at 1275.00 & 1260.00 in extension.
Alternative scenario: Alternative scenario: above 1320.00 look for further upside with 1347.00 & 1365.00 as targets. Comment: Comment: as long as the resistance at 1320.00 is not surpassed, the risk of the break below 1275.00 remains high.

UK/OIL

UK-OIL

Brent (ICE) (K19) ST: target 75.10.
Pivot: 63.0000
Our preference: Our preference: long positions above 63.00 with targets at 72.05 & 75.10 in extension.
Alternative scenario: Alternative scenario: below 63.00 look for further downside with 58.90 & 55.30 as targets. Comment: Comment: the RSI is bullish and calls for further advance.

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Disclaimer

This report and commentary provided above is from Trading Central. The information has not been independently verified and AETOS Capital Group Pty. Ltd. (AETOS) makes no representation as to the accuracy and/or completeness of such information, and is not responsible for any error of any form. AETOS accepts no liability whatsoever for any direct, indirect or consequential loss and/or damage of any form arising from any use of this report.

AETOS Capital Group Review

Source: https://www.aetoscg.com
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