| Pre US Open, Daily Technical Analysis Monday, March 07, 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: 1.1000
Most Likely Scenario: short positions below 1.1000 with targets @ 1.0925 & 1.0890 in extension.
Alternative scenario: above 1.1000 look for further upside with 1.1040 & 1.1070 as targets.
Comment: the RSI is badly directed.
|
| | |
| | GBP/USD Intraday: the upside prevails. |
| |
|
| |  | | | Pivot: 1.4095
Most Likely Scenario: long positions above 1.4095 with targets @ 1.4255 & 1.4305 in extension.
Alternative scenario: below 1.4095 look for further downside with 1.4020 & 1.3980 as targets.
Comment: the RSI lacks downward momentum.
|
| | |
| | USD/JPY Intraday: the bias remains bullish. |
| |
|
| |  | | | Pivot: 113.20
Most Likely Scenario: long positions above 113.20 with targets @ 114.25 & 114.55 in extension.
Alternative scenario: below 113.20 look for further downside with 112.85 & 112.50 as targets.
Comment: the RSI lacks downward momentum.
|
| | |
| | AUD/USD Intraday: the upside prevails. |
| |
|
| |  | | | Pivot: 0.7345
Most Likely Scenario: long positions above 0.7345 with targets @ 0.7445 & 0.7495 in extension.
Alternative scenario: below 0.7345 look for further downside with 0.7295 & 0.7250 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
|
| | |
| | Gold spot Intraday: supported by a rising trend line. |
| |
|
| |  | | | Pivot: 1256.00
Most Likely Scenario: long positions above 1256.00 with targets @ 1280.00 & 1291.00 in extension.
Alternative scenario: below 1256.00 look for further downside with 1246.00 & 1240.00 as targets.
Comment: the RSI calls for a rebound.
|
| | |
| | Crude Oil (WTI) (J6) Intraday: bullish bias above 35.30. |
| |
|
| |  | | | Pivot: 35.30
Most Likely Scenario: long positions above 35.30 with targets @ 37.50 & 38.60 in extension.
Alternative scenario: below 35.30 look for further downside with 34.40 & 33.55 as targets.
Comment: the break above 35.30 is a positive signal that has opened a path to 37.50.
|
|
|
