| Pre European Open, Daily Technical Analysis Monday, January 25, 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: capped by a negative trend line. |
| |
|
| |  | | | Pivot: 1.0845
Most Likely Scenario: short positions below 1.0845 with targets @ 1.0775 & 1.0745 in extension.
Alternative scenario: above 1.0845 look for further upside with 1.0865 & 1.0895 as targets.
Comment: as long as 1.0845 is resistance, look for choppy price action with a bearish bias.
|
| | |
| | GBP/USD Intraday: the upside prevails. |
| |
|
| |  | | | Pivot: 1.425
Most Likely Scenario: long positions above 1.425 with targets @ 1.436 & 1.44 in extension.
Alternative scenario: below 1.425 look for further downside with 1.42 & 1.4165 as targets.
Comment: the RSI is bullish and calls for further upside.
|
| | |
| | USD/JPY Intraday: the bias remains bullish. |
| |
|
| |  | | | Pivot: 118.3
Most Likely Scenario: long positions above 118.3 with targets @ 119.15 & 119.6 in extension.
Alternative scenario: below 118.3 look for further downside with 117.95 & 117.5 as targets.
Comment: technically the RSI is above its neutrality area at 50.
|
| | |
| | AUD/USD Intraday: the bias remains bullish. |
| |
|
| |  | | | Pivot: 0.6955
Most Likely Scenario: long positions above 0.6955 with targets @ 0.7045 & 0.7065 in extension.
Alternative scenario: below 0.6955 look for further downside with 0.6925 & 0.688 as targets.
Comment: the RSI has just broken above a declining trend line.
|
| | |
| | Gold spot Intraday: further advance. |
| |
|
| |  | | | Pivot: 1093.5
Most Likely Scenario: long positions above 1093.5 with targets @ 1106 & 1110 in extension.
Alternative scenario: below 1093.5 look for further downside with 1090.5 & 1086 as targets.
Comment: the RSI is mixed to bullish.
|
| | |
| | Crude Oil (WTI) (H6) Intraday: continuation of the rebound. |
| |
|
| |  | | | Pivot: 30.51
Most Likely Scenario: long positions above 30.51 with targets @ 33.31 & 34.3 in extension.
Alternative scenario: below 30.51 look for further downside with 30 & 29.33 as targets.
Comment: the RSI lacks downward momentum.
|
| | |
|
