| Pre US Open, Daily Technical Analysis Friday, April 01, 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: further upside. |
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Pivot: 1.1365
Most Likely Scenario: long positions above 1.1365 with targets @ 1.1410 & 1.1450 in extension.
Alternative scenario: below 1.1365 look for further downside with 1.1340 & 1.1310 as targets.
Comment: the RSI is well directed.
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| | GBP/USD Intraday: turning down. |
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| |  | | | Pivot: 1.4375
Most Likely Scenario: short positions below 1.4375 with targets @ 1.4305 & 1.4260 in extension.
Alternative scenario: above 1.4375 look for further upside with 1.4425 & 1.4455 as targets.
Comment: the RSI is mixed to bearish.
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| | USD/JPY Intraday: under pressure. |
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| |  | | | Pivot: 112.65
Most Likely Scenario: short positions below 112.65 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.65 look for further upside with 113.20 & 113.45 as targets.
Comment: a break below 112.05 would trigger a drop towards 111.60.
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| | AUD/USD Intraday: the upside prevails. |
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| |  | | | Pivot: 0.7630
Most Likely Scenario: long positions above 0.7630 with targets @ 0.7705 & 0.7745 in extension.
Alternative scenario: below 0.7630 look for further downside with 0.7565 & 0.7515 as targets.
Comment: the RSI is mixed to bullish.
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| | Gold spot Intraday: the bias remains bullish. |
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| |  | | | Pivot: 1229.00
Most Likely Scenario: long positions above 1229.00 with targets @ 1239.00 & 1243.00 in extension.
Alternative scenario: below 1229.00 look for further downside with 1223.00 & 1216.00 as targets.
Comment: a support base at 1229.00 has formed and has allowed for a temporary stabilisation.
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| | Crude Oil (WTI) (K6) Intraday: further advance. |
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| |  | | | Pivot: 37.65
Most Likely Scenario: long positions above 37.65 with targets @ 39.07 & 39.45 in extension.
Alternative scenario: below 37.65 look for further downside with 36.94 & 36.20 as targets.
Comment: the RSI is mixed to bullish.
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