Pre US Open, Daily Technical Analysis Friday, February 19, 2016 |
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| | Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. | |
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| EUR/USD Intraday: key resistance at 1.1145. |
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| | | Pivot: 1.1145
Most Likely Scenario: short positions below 1.1145 with targets @ 1.1070 & 1.1040 in extension.
Alternative scenario: above 1.1145 look for further upside with 1.1185 & 1.1210 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1145.
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| GBP/USD Intraday: the bias remains bullish. |
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| | | Pivot: 1.4270
Most Likely Scenario: long positions above 1.4270 with targets @ 1.4400 & 1.4465 in extension.
Alternative scenario: below 1.4270 look for further downside with 1.4240 & 1.4205 as targets.
Comment: the RSI lacks downward momentum.
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| USD/JPY Intraday: the downside prevails. |
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| | | Pivot: 113.65
Most Likely Scenario: short positions below 113.65 with targets @ 112.35 & 111.65 in extension.
Alternative scenario: above 113.65 look for further upside with 114.50 & 114.90 as targets.
Comment: the RSI is mixed to bearish.
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| AUD/USD Intraday: the downside prevails. |
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| | Pivot: 0.7145
Most Likely Scenario: short positions below 0.7145 with targets @ 0.7080 & 0.7060 in extension.
Alternative scenario: above 0.7145 look for further upside with 0.7170 & 0.7190 as targets.
Comment: the RSI is mixed to bearish.
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| Gold spot Intraday: bullish bias above 1218.00. |
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| | | Pivot: 1218.00
Most Likely Scenario: long positions above 1218.00 with targets @ 1240.00 & 1246.00 in extension.
Alternative scenario: below 1218.00 look for further downside with 1202.00 & 1191.00 as targets.
Comment: the RSI is mixed to bullish.
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| Crude Oil (WTI) (H6) Intraday: under pressure. |
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| | | Pivot: 32.00
Most Likely Scenario: short positions below 32.00 with targets @ 29.50 & 28.75 in extension.
Alternative scenario: above 32.00 look for further upside with 32.90 & 33.60 as targets.
Comment: the RSI is mixed to bearish.
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