Analytics & Forecasts

Pre US Open, Daily Technical Analysis Friday, February 12, 2016

12 February 2016, 12:29
Mohammed Abdulwadud Soubra
Mohammed Abdulwadud Soubra
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Pre US Open, Daily Technical Analysis   Friday, February 12, 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: under pressure.
 
 
  


 Pivot: 1.1330

Most Likely Scenario: short positions below 1.1330 with targets @ 1.1245 & 1.1220 in extension.

Alternative scenario: above 1.1330 look for further upside with 1.1375 & 1.1400 as targets.

Comment: the RSI is mixed to bearish.

  
 
 
 GBP/USD Intraday: the upside prevails.
 
 
  


 Pivot: 1.4435

Most Likely Scenario: long positions above 1.4435 with targets @ 1.4615 & 1.4670 in extension.

Alternative scenario: below 1.4435 look for further downside with 1.4380 & 1.4320 as targets.

Comment: the RSI is well directed.

  
 
 
 USD/JPY Intraday: under pressure.
 

  


 Pivot: 113.10

Most Likely Scenario: short positions below 113.10 with targets @ 111.60 & 111.00 in extension.

Alternative scenario: above 113.10 look for further upside with 114.20 & 115.25 as targets.

Comment: the RSI lacks upward momentum.

  
 
 
 AUD/USD Intraday: the upside prevails.
 


 
  


 Pivot: 0.7065

Most Likely Scenario: long positions above 0.7065 with targets @ 0.7150 & 0.7170 in extension.

Alternative scenario: below 0.7065 look for further downside with 0.7025 & 0.6985 as targets.

Comment: the RSI is well directed.

  
 
 
 Gold spot Intraday: further advance.
 
 
  


 Pivot: 1229.50

Most Likely Scenario: long @ 1239.60 with targets @ 1258.00 & 1274.00 in extension.

Alternative scenario: below 1229.50 look for further downside with 1215.00 & 1205.00 as targets.

Comment: the RSI is mixed to bullish.

  
 
 
 Crude Oil (WTI) (H6) Intraday: rebound expected.
 

  


 Pivot: 26.00

Most Likely Scenario: long positions above 26.00 with targets @ 27.77 & 28.71 in extension.

Alternative scenario: below 26.00 look for further downside with 25.38 & 24.60 as targets.

Comment: a support base at 26.00 has formed and has allowed for a temporary stabilisation.