Pre US Open, Daily Technical Analysis Monday, February 15, 2016
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Pre US Open, Daily Technical Analysis Monday, February 15, 2016

15 February 2016, 13:25
Mohammed Abdulwadud Soubra
Mohammed Abdulwadud Soubra
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Pre US Open, Daily Technical Analysis   Monday, February 15, 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 downside prevails.
 
 
  
 Pivot: 1.1260

Most Likely Scenario: short positions below 1.1260 with targets @ 1.1185 & 1.1155 in extension.

Alternative scenario: above 1.1260 look for further upside with 1.1300 & 1.1320 as targets.

Comment: the RSI is capped by a declining trend line.

  
 
 
 GBP/USD Intraday: the bias remains bullish.
 


 
  
 Pivot: 1.4440

Most Likely Scenario: long positions above 1.4440 with targets @ 1.4570 & 1.4615 in extension.

Alternative scenario: below 1.4440 look for further downside with 1.4380 & 1.4320 as targets.

Comment: the RSI lacks downward momentum.

  
 
 
 USD/JPY Intraday: the upside prevails.
 
 
  
 Pivot: 113.00

Most Likely Scenario: long positions above 113.00 with targets @ 114.25 & 115.25 in extension.

Alternative scenario: below 113.00 look for further downside with 112.35 & 111.60 as targets.

Comment: the RSI is bullish and calls for further advance.

  
 
 
 AUD/USD Intraday: the upside prevails.
 
 
  
 Pivot: 0.7105

Most Likely Scenario: long positions above 0.7105 with targets @ 0.7170 & 0.7200 in extension.

Alternative scenario: below 0.7105 look for further downside with 0.7060 & 0.7025 as targets.

Comment: the RSI is mixed to bullish.

  
 
 
 Gold spot Intraday: under pressure.
 
 
  
 Pivot: 1232.00

Most Likely Scenario: short positions below 1232.00 with targets @ 1205.00 & 1194.00 in extension.

Alternative scenario: above 1232.00 look for further upside with 1246.00 & 1258.00 as targets.

Comment: the RSI lacks upward momentum.

  
 
 
 Crude Oil (WTI) (H6) Intraday: continuation of the rebound.
 
 
  
 Pivot: 27.80

Most Likely Scenario: long positions above 27.80 with targets @ 29.80 & 30.60 in extension.

Alternative scenario: below 27.80 look for further downside with 26.95 & 26.00 as targets.

Comment: the RSI is mixed to bullish.