| Pre US Open, Daily Technical Analysis Monday, January 11, 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: 1.0875
Most Likely Scenario: long positions above 1.0875 with targets @ 1.0945 & 1.097 in extension.
Alternative scenario: below 1.0875 look for further downside with 1.0825 & 1.077 as targets.
Comment: the RSI lacks downward momentum.
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| | GBP/USD Intraday: rebound. |
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| |  | | | Pivot: 1.449
Most Likely Scenario: long positions above 1.449 with targets @ 1.46 & 1.4645 in extension.
Alternative scenario: below 1.449 look for further downside with 1.445 & 1.44 as targets.
Comment: the RSI is well directed.
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| | USD/JPY Intraday: under pressure. |
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| |  | | | Pivot: 117.95
Most Likely Scenario: short positions below 117.95 with targets @ 117.05 & 116.7 in extension.
Alternative scenario: above 117.95 look for further upside with 118.8 & 119.3 as targets.
Comment: as long as 117.95 is resistance, expect a return to 117.05.
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| | AUD/USD Intraday: rebound. |
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| |  | | | Pivot: 0.6925
Most Likely Scenario: long positions above 0.6925 with targets @ 0.704 & 0.7085 in extension.
Alternative scenario: below 0.6925 look for further downside with 0.69 & 0.686 as targets.
Comment: the RSI is well directed.
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| | Gold spot Intraday: bullish bias above 1096. |
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| |  | | | Pivot: 1096
Most Likely Scenario: long positions above 1096 with targets @ 1110 & 1114 in extension.
Alternative scenario: below 1096 look for further downside with 1091 & 1086 as targets.
Comment: the RSI is mixed to bullish.
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| | Crude Oil (WTI) (G6) Intraday: the downside prevails. |
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| |  | | | Pivot: 34.35
Most Likely Scenario: short positions below 34.35 with targets @ 32.08 & 31 in extension.
Alternative scenario: above 34.35 look for further upside with 35.15 & 35.7 as targets.
Comment: the RSI lacks upward momentum.
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