Forex signals and trading forecast August 13 – 2020
Published on: August 13, 2020

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EUR/USD Intraday: the bias remains bullish

High probability Market: buy positions above 1.1775 with targets at 1.1820 & 1.1835 in extension.

Possible scenario: below 1.1775 look for further downward trend with 1.1760 & 1.1740 as targets.

Additional information: the RSI shows upward trend momentum.        
 
Forex Signals - EUR/USD
Gold spot Intraday: bullish bias above 1906.00.             Pivot: 1906.00

High probability Market: buy positions above 1906.00 with targets at 1950.00 & 1970.00 in extension.

Possible scenario: below 1906.00 look for further downward trend with 1880.00 & 1863.00 as targets.

Additional information: the RSI is mixed to bullish.        
 
Forex Signals - Gold spot
GBP/USD Intraday: the upward trend prevails.         Pivot: 1.3035

High probability Market: buy positions above 1.3035 with targets at 1.3075 & 1.3095 in extension.

Possible scenario: below 1.3035 look for further downward trend with 1.3020 & 1.3000 as targets.

Additional information: the RSI shows upward trend momentum.        
 
Forex Signals - GBP/USD
GBP/JPY intraday: the upward trend prevails as buy as 139.04 is support          Our pivot point is at 139.04.

High probability Market: the upward trend prevails as buy as 139.04 is support.

Possible scenario: the downward trend breakout of 139.04 would call for 138.73 and 138.55.

Additional information: 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 139.30 and 139.28).        
 
Forex Signals - GBP/JPY
EUR/JPY intraday: as buy as 125.71 is support look for 126.56  Our pivot point stands at 125.71.

High probability Market: as buy as 125.71 is support look for 126.56.

Possible scenario: below 125.71, expect 125.41 and 125.23.

Additional information: 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 trading above both its 20 and 50 MAs (respectively at 125.98 and 125.77).        
 
Forex Signals - EUR/JPY
EUR/GBP intraday: as buy as 0.9021 is support look for 0.9085 Our pivot point is at 0.9021.

High probability Market: as buy as 0.9021 is support look for 0.9085.

Possible scenario: the downward trend breakout of 0.9021 would call for 0.8998 and 0.8985.

Additional information: 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 (0.9043) but above its 50 MA (0.9029).        
 
Forex Signals - EUR/GBP
Dax (U0) Intraday: bullish bias above 13000.00.             Pivot: 13000.00

High probability Market: buy positions above 13000.00 with targets at 13130.00 & 13200.00 in extension.

Possible scenario: below 13000.00 look for further downward trend with 12900.00 & 12820.00 as targets.

Additional information: the break above 13000.00 is a positive signal that has opened a path to 13130.00.        
 
Forex Signals - DAX
Brent (V0) Intraday: bullish bias above 45.10.     Pivot: 45.10

High probability Market: buy positions above 45.10 with targets at 45.60 & 45.80 in extension.

Possible scenario: below 45.10 look for further downward trend with 44.85 & 44.65 as targets.

Additional information: the RSI is mixed to bullish.        
Forex Signals - Brent

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