| Pre US Open, Daily Technical Analysis Wednesday, June 08, 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 upside prevails. |
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| | | | | Pivot: 1.1315
Most Likely Scenario: long positions above 1.1315 with targets @ 1.1390 & 1.1415 in extension.
Alternative scenario: below 1.1315 look for further downside with 1.1280 & 1.1245 as targets.
Comment: technically the RSI is above its neutrality area at 50.
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| | GBP/USD Intraday: the upside prevails. |
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| | | | | Pivot: 1.4475
Most Likely Scenario: long positions above 1.4475 with targets @ 1.4610 & 1.4665 in extension.
Alternative scenario: below 1.4475 look for further downside with 1.4425 & 1.4365 as targets.
Comment: the RSI is mixed to bullish.
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| | USD/JPY Intraday: under pressure. |
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| | | | | Pivot: 107.45
Most Likely Scenario: short positions below 107.45 with targets @ 106.65 & 106.40 in extension.
Alternative scenario: above 107.45 look for further upside with 107.95 & 108.50 as targets.
Comment: the RSI lacks upward momentum.
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| | AUD/USD Intraday: the upside prevails.
Pivot: 0.7415
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Most Likely Scenario: long positions above 0.7415 with targets @ 0.7480 & 0.7515 in extension.
Alternative scenario: below 0.7415 look for further downside with 0.7380 & 0.7355 as targets.
Comment: the RSI lacks downward momentum.
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| | Gold spot Intraday: further advance. |
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| | | | | Pivot: 1234.50
Most Likely Scenario: long positions above 1234.50 with targets @ 1258.00 & 1263.00 in extension.
Alternative scenario: below 1234.50 look for further downside with 1223.00 & 1217.00 as targets.
Comment: the RSI shows upside momentum.
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| | Crude Oil (WTI) (N6) Intraday: the upside prevails. |
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| | | | | Pivot: 49.80
Most Likely Scenario: long positions above 49.80 with targets @ 51.00 & 51.30 in extension.
Alternative scenario: below 49.80 look for further downside with 49.45 & 49.10 as targets.
Comment: the RSI is supported by a rising trend line.
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