| Pre US Open, Daily Technical Analysis Wednesday, February 17, 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: the downside prevails. |
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| |  | | | Pivot: 1.1185
Most Likely Scenario: short positions below 1.1185 with targets @ 1.1120 & 1.1085 in extension.
Alternative scenario: above 1.1185 look for further upside with 1.1210 & 1.1260 as targets.
Comment: the RSI is mixed to bearish.
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| | GBP/USD Intraday: caution. |
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| |  | | | Pivot: 1.4350
Most Likely Scenario: short positions below 1.4350 with targets @ 1.4240 & 1.4205 in extension.
Alternative scenario: above 1.4350 look for further upside with 1.4400 & 1.4465 as targets.
Comment: the RSI is mixed and calls for caution.
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| | USD/JPY Intraday: under pressure. |
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| |  | | | Pivot: 114.40
Most Likely Scenario: short positions below 114.40 with targets @ 113.00 & 112.35 in extension.
Alternative scenario: above 114.40 look for further upside with 114.90 & 115.25 as targets.
Comment: the RSI lacks upward momentum.
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| | AUD/USD Intraday: rebound. |
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| |  | | | Pivot: 0.7080
Most Likely Scenario: long positions above 0.7080 with targets @ 0.7150 & 0.7180 in extension.
Alternative scenario: below 0.7080 look for further downside with 0.7060 & 0.7025 as targets.
Comment: the RSI is well directed.
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| | Gold spot Intraday: supported by a rising trend line. |
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| |  | | | Pivot: 1195.00
Most Likely Scenario: long positions above 1195.00 with targets @ 1217.00 & 1232.00 in extension.
Alternative scenario: below 1195.00 look for further downside with 1181.00 & 1175.00 as targets.
Comment: the RSI is mixed to bullish.
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| | Crude Oil (WTI) (H6) Intraday: under pressure. |
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| |  | | | Pivot: 30.25
Most Likely Scenario: short positions below 30.25 with targets @ 27.75 & 26.95 in extension.
Alternative scenario: above 30.25 look for further upside with 30.65 & 31.50 as targets.
Comment: the RSI lacks upward momentum.
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