| Pre US Open, Daily Technical Analysis Tuesday, February 23, 2016 |
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| | | Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. | |
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| | EUR/USD Intraday: under pressure. |
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| |  | | | Pivot: 1.1065
Most Likely Scenario: short positions below 1.1065 with targets @ 1.0965 & 1.0935 in extension.
Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.
Comment: the RSI is mixed to bearish.
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| | GBP/USD Intraday: under pressure. |
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| |  | | | Pivot: 1.4170
Most Likely Scenario: short positions below 1.4170 with targets @ 1.4055 & 1.3990 in extension.
Alternative scenario: above 1.4170 look for further upside with 1.4250 & 1.4340 as targets.
Comment: the RSI is mixed to bearish.
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| | USD/JPY Intraday: under pressure. |
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| |  | | | Pivot: 112.70
Most Likely Scenario: short positions below 112.70 with targets @ 111.65 & 111.00 in extension.
Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 as targets.
Comment: The pair emerges to the downside after completing a broadening formation.
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| | AUD/USD Intraday: the bias remains bullish. |
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| |  | | | Pivot: 0.7195
Most Likely Scenario: long positions above 0.7195 with targets @ 0.7270 & 0.7305 in extension.
Alternative scenario: below 0.7195 look for further downside with 0.7155 & 0.7130 as targets.
Comment: the RSI is mixed to bullish.
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| | Gold spot Intraday: further upside. |
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| |  | | | Pivot: 1210.00
Most Likely Scenario: long @ 1220.20 with targets @ 1233.00 & 1240.00 in extension.
Alternative scenario: below 1210.00 look for further downside with 1200.00 & 1191.00 as targets.
Comment: the RSI is supported by a rising trend line.
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| | Crude Oil (WTI) (J6) Intraday: limited upside. |
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| |  | | | Pivot: 32.15
Most Likely Scenario: long positions above 32.15 with targets @ 33.80 & 34.20 in extension.
Alternative scenario: below 32.15 look for further downside with 31.50 & 30.75 as targets.
Comment: the RSI is mixed to bullish.
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