| Pre US Open, Daily Technical Analysis Thursday, February 25, 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 1.1040. |
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| |  | | | Pivot: 1.1040
Most Likely Scenario: short positions below 1.1040 with targets @ 1.0990 & 1.0955 in extension.
Alternative scenario: above 1.1040 look for further upside with 1.1065 & 1.1100 as targets.
Comment: the RSI is mixed to bearish.
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| | GBP/USD Intraday: the downside prevails. |
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| |  | | | Pivot: 1.3975
Most Likely Scenario: short positions below 1.3975 with targets @ 1.3875 & 1.3820 in extension.
Alternative scenario: above 1.3975 look for further upside with 1.4050 & 1.4120 as targets.
Comment: the RSI is mixed to bearish.
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| | USD/JPY Intraday: the upside prevails. |
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| |  | | | Pivot: 111.80
Most Likely Scenario: long positions above 111.80 with targets @ 112.70 & 113.05 in extension.
Alternative scenario: below 111.80 look for further downside with 111.30 & 111.00 as targets.
Comment: the RSI lacks downward momentum.
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| | AUD/USD Intraday: under pressure. |
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| |  | | | Pivot: 0.7215
Most Likely Scenario: short positions below 0.7215 with targets @ 0.7140 & 0.7095 in extension.
Alternative scenario: above 0.7215 look for further upside with 0.7255 & 0.7275 as targets.
Comment: the RSI is mixed to bearish.
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| | Gold spot Intraday: the bias remains bullish. |
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| |  | | | Pivot: 1220.00
Most Likely Scenario: long positions above 1220.00 with targets @ 1254.00 & 1264.00 in extension.
Alternative scenario: below 1220.00 look for further downside with 1207.00 & 1200.00 as targets.
Comment: the RSI is mixed to bullish.
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| | Crude Oil (WTI) (J6) Intraday: bullish bias above 30.53. |
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| |  | | | Pivot: 30.53
Most Likely Scenario: long positions above 30.53 with targets @ 33.00 & 33.55 in extension.
Alternative scenario: below 30.53 look for further downside with 29.80 & 28.80 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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