| Pre US Open, Daily Technical Analysis Wednesday, January 06, 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: 1.0775
Most Likely Scenario: short positions below 1.0775 with targets @ 1.0705 & 1.067 in extension.
Alternative scenario: above 1.0775 look for further upside with 1.08 & 1.084 as targets.
Comment: the RSI is mixed to bearish.
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| | GBP/USD Intraday: the downside prevails. |
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| |  | | | Pivot: 1.47
Most Likely Scenario: short positions below 1.47 with targets @ 1.459 & 1.456 in extension.
Alternative scenario: above 1.47 look for further upside with 1.4725 & 1.4755 as targets.
Comment: the RSI is mixed to bearish.
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| | USD/JPY Intraday: the downside prevails. |
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| |  | | | Pivot: 119.3
Most Likely Scenario: short positions below 119.3 with targets @ 118.25 & 117.95 in extension.
Alternative scenario: above 119.3 look for further upside with 119.7 & 119.95 as targets.
Comment: the RSI is mixed to bearish.
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| | AUD/USD Intraday: the downside prevails. |
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| |  | | | Pivot: 0.7135
Most Likely Scenario: short positions below 0.7135 with targets @ 0.703 & 0.7015 in extension.
Alternative scenario: above 0.7135 look for further upside with 0.7175 & 0.7215 as targets.
Comment: the RSI is badly directed.
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| | Gold spot Intraday: further advance. |
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| |  | | | Pivot: 1074.7
Most Likely Scenario: long positions above 1074.7 with targets @ 1090 & 1094 in extension.
Alternative scenario: below 1074.7 look for further downside with 1072.5 & 1070 as targets.
Comment: the RSI is well directed.
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| | Crude Oil (WTI) (G6) Intraday: under pressure. |
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| |  | | | Pivot: 36.4
Most Likely Scenario: short positions below 36.4 with targets @ 35.03 & 34.65 in extension.
Alternative scenario: above 36.4 look for further upside with 37.1 & 37.45 as targets.
Comment: the RSI is capped by a declining trend line.
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