| Pre European Open, Daily Technical Analysis Wednesday, January 20, 2016 |
|
|
| | | 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 upside prevails. |
| |
|
| |  | | | Pivot: 1.09
Most Likely Scenario: long positions above 1.09 with targets @ 1.0965 & 1.0985 in extension.
Alternative scenario: below 1.09 look for further downside with 1.0855 & 1.0835 as targets.
Comment: the RSI is bullish and calls for further upside.
|
| | |
| | | | GBP/USD Intraday: under pressure. |
| |
|
| |  | | | Pivot: 1.423
Most Likely Scenario: short positions below 1.423 with targets @ 1.4125 & 1.408 in extension.
Alternative scenario: above 1.423 look for further upside with 1.427 & 1.432 as targets.
Comment: a break below 1.4125 would trigger a drop towards 1.408.
|
| | |
| | USD/JPY Intraday: under pressure. |
| |
|
| |  | | | Pivot: 117.65
Most Likely Scenario: short positions below 117.65 with targets @ 116.5 & 116.25 in extension.
Alternative scenario: above 117.65 look for further upside with 118.1 & 118.35 as targets.
Comment: the RSI has broken down its 30 level.
|
| | |
| | AUD/USD Intraday: under pressure. |
| |
|
| |  | | | Pivot: 0.69
Most Likely Scenario: short positions below 0.69 with targets @ 0.6825 & 0.68 in extension.
Alternative scenario: above 0.69 look for further upside with 0.693 & 0.6955 as targets.
Comment: the RSI is badly directed.
|
| | |
| | Gold spot Intraday: rebound expected. |
| |
|
| |  | | | Pivot: 1085
Most Likely Scenario: long positions above 1085 with targets @ 1097 & 1106 in extension.
Alternative scenario: below 1085 look for further downside with 1080 & 1076 as targets.
Comment: the RSI is supported by a rising trend line.
|
| | |
| | Crude Oil (WTI) (G6) Intraday: the downside prevails. |
| |
|
| |  | | | Pivot: 29.4
Most Likely Scenario: short positions below 29.4 with targets @ 27 & 26.2 in extension.
Alternative scenario: above 29.4 look for further upside with 30.2 & 30.96 as targets.
Comment: the RSI is bearish and calls for further decline.
|
|
|
