Pre European Open, Daily Technical Analysis   Wednesday, January 27, 2016

Pre European Open, Daily Technical Analysis Wednesday, January 27, 2016

27 January 2016, 08:12
Mohammed Abdulwadud Soubra
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 Pre European Open, Daily Technical Analysis   Wednesday, January 27, 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: 1.082

Most Likely Scenario: long positions above 1.082 with targets @ 1.0875 & 1.0895 in extension.

Alternative scenario: below 1.082 look for further downside with 1.08 & 1.0785 as targets.

Comment: the RSI is well directed.

  
 
 
 
 GBP/USD Intraday: the upside prevails.
 
 
  
 Pivot: 1.4265

Most Likely Scenario: long positions above 1.4265 with targets @ 1.4395 & 1.445 in extension.

Alternative scenario: below 1.4265 look for further downside with 1.4225 & 1.4175 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  
 
 
 USD/JPY Intraday: bullish bias above 117.95.
 
 
  
 Pivot: 117.95

Most Likely Scenario: long positions above 117.95 with targets @ 118.6 & 118.85 in extension.

Alternative scenario: below 117.95 look for further downside with 117.6 & 117.2 as targets.

Comment: the RSI is mixed to bullish.

  
 
 
 AUD/USD Intraday: the bias remains bullish.
 
 
  
 Pivot: 0.698

Most Likely Scenario: long positions above 0.698 with targets @ 0.7045 & 0.7075 in extension.

Alternative scenario: below 0.698 look for further downside with 0.694 & 0.6915 as targets.

Comment: the RSI is well directed.

  
 
 
 Gold spot Intraday: further upside.
 
 
  
 Pivot: 1114

Most Likely Scenario: long positions above 1114 with targets @ 1124.75 & 1128 in extension.

Alternative scenario: below 1114 look for further downside with 1109.5 & 1104.5 as targets.

Comment: the RSI is mixed to bullish.

  
 
 
 Crude Oil (WTI) (H6) Intraday: supported by a rising trend line.
 
 
  
 Pivot: 29.95

Most Likely Scenario: long positions above 29.95 with targets @ 32.4 & 32.75 in extension.

Alternative scenario: below 29.95 look for further downside with 29.25 & 28.46 as targets.

Comment: the RSI is mixed to bullish.

  
 
 
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