| Pre US Open, Daily Technical Analysis Monday, February 22, 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: under pressure. |
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| |  | | | Pivot: 1.1145
Most Likely Scenario: short positions below 1.1145 with targets @ 1.1040 & 1.0990 in extension.
Alternative scenario: above 1.1145 look for further upside with 1.1185 & 1.1210 as targets.
Comment: the RSI is badly directed.
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| | GBP/USD Intraday: under pressure. |
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| |  | | | Pivot: 1.4310
Most Likely Scenario: short positions below 1.4310 with targets @ 1.4125 & 1.4080 in extension.
Alternative scenario: above 1.4310 look for further upside with 1.4340 & 1.4405 as targets.
Comment: the RSI is badly directed.
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| | USD/JPY Intraday: rebound. |
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| |  | | | Pivot: 112.35
Most Likely Scenario: long positions above 112.35 with targets @ 113.65 & 114.15 in extension.
Alternative scenario: below 112.35 look for further downside with 111.65 & 111.00 as targets.
Comment: the RSI is well directed.
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| | AUD/USD Intraday: the upside prevails. |
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| |  | | | Pivot: 0.7125
Most Likely Scenario: long positions above 0.7125 with targets @ 0.7220 & 0.7245 in extension.
Alternative scenario: below 0.7125 look for further downside with 0.7100 & 0.7070 as targets.
Comment: the RSI is well directed.
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| | Gold spot Intraday: under pressure. |
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| |  | | | Pivot: 1220.00
Most Likely Scenario: short positions below 1220.00 with targets @ 1200.00 & 1191.00 in extension.
Alternative scenario: above 1220.00 look for further upside with 1233.00 & 1240.00 as targets.
Comment: as long as 1220.00 is resistance, likely decline to 1200.00.
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| | Crude Oil (WTI) (H6) Intraday: continuation of the rebound. |
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| |  | | | Pivot: 29.05
Most Likely Scenario: long positions above 29.05 with targets @ 31.55 & 32.00 in extension.
Alternative scenario: below 29.05 look for further downside with 28.70 & 27.75 as targets.
Comment: the RSI is bullish and calls for further advance.
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