It seems to me there is a clear cup and handle pattern , also the weakness in the USD in the coming period along side the higher expected inflation will give a strong rise to the safe haven
Oct 21, 2020
Our preference
Short positions below 3.4150 with targets at 1.3750 & 1.3550 in extension.
Alternative scenario
above 3.4250 look for further rie with 3.4655 & 3.5100 as targets.
Comment
The RSI close to neutrality area at 44%.
Oct 21,2020
Our preference
Long positions above 1910.00 with targets at 1941 & 1951 in extension.
Alternative scenario
Below 1900 look for further downside with 1882.78as targets.
Comment
The RSI is above its neutrality area at 61%.
Bearish cypher
Short positions below 1.2735 with targets at 1.2490 & 1.2380.
Alternative scenario
Above 1.2770 look for further extension with 1.2810 & 1.3005 as targets.
Comment
The RSI is in neutrality area at 57%.
Our preference
Long positions above 1.1452.00 with targets at 1.1870 & 1.1946 in extension.
Alternative scenario
Below 1.1406 look for further downside with 1.1275 & 1.1170 as targets.
Comment
The RSI is above its neutrality area at 71%.
Our preference
Long positions above 10985.00 with targets at 11,500.00 & 11,300.00 in extension.
Alternative scenario
Below 10,790.00 look for further downside with 10640 & 10,460.00 as targets.
Comment
The RSI is above its neutrality area at 63%.
