| Pre US Open, Daily Technical Analysis Friday, November 13, 2015 |
|
|
| | | Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
| |
|
| |
| | EUR/USD Intraday: the bias remains bullish. |
| |
|
| | | | | Pivot: 1.0745
Most Likely Scenario: Long positions above 1.0745 with targets @ 1.0795 & 1.083 in extension.
Alternative scenario: Below 1.0745 look for further downside with 1.0705 & 1.067 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
|
| | |
| | GBP/USD Intraday: the bias remains bullish. |
| |
|
| | | | | Pivot: 1.517
Most Likely Scenario: Long positions above 1.517 with targets @ 1.524 & 1.5275 in extension.
Alternative scenario: Below 1.517 look for further downside with 1.514 & 1.5095 as targets.
Comment: The RSI is mixed to bullish.
|
| | |
| | USD/JPY Intraday: capped by a negative trend line. |
| |
|
| | | | | Pivot: 123.05
Most Likely Scenario: Short positions below 123.05 with targets @ 122.45 & 122 in extension.
Alternative scenario: Above 123.05 look for further upside with 123.4 & 123.6 as targets.
Comment: As long as 123.05 is resistance, look for choppy price action with a bearish bias.
|
| | |
| | AUD/USD Intraday: the upside prevails. |
| |
|
| | | | | Pivot: 0.708
Most Likely Scenario: Long positions above 0.708 with targets @ 0.715 & 0.717 in extension.
Alternative scenario: Below 0.708 look for further downside with 0.704 & 0.7015 as targets.
Comment: The RSI is mixed to bullish.
|
| | |
| | Gold spot Intraday: under pressure. |
| |
|
| | | | | Pivot: 1090
Most Likely Scenario: Short positions below 1090 with targets @ 1075 & 1072 in extension.
Alternative scenario: Above 1090 look for further upside with 1095 & 1103 as targets.
Comment: As long as 1090 is resistance, look for choppy price action with a bearish bias.
|
| | |
| | Crude Oil (WTI) (Z5) Intraday: the downside prevails. |
| |
|
| | | | | Pivot: 43.3
Most Likely Scenario: Short positions below 43.3 with targets @ 40.95 & 40.08 in extension.
Alternative scenario: Above 43.3 look for further upside with 44.1 & 44.7 as targets.
Comment: As long as the resistance at 43.3 is not surpassed, the risk of the break below 40.95 remains high. The contract is currently trading in a bearish channel.
|
|
|
