Charts All Blogs / My Trading / Charts Charts Pre US Open, Daily Technical Analysis Monday, March 07, 2016 7 March 2016, 12:24 Mohammed Abdulwadud Soubra 0 205 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: 1.1000Most 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: 1.4095Most 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: 113.20Most 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: 0.7345Most 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: 1256.00Most 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: 35.30Most 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. To add comments, please log in or register Risk/Reward vs Win Rate: The Breakeven Line Every Strategy Must Beat Trading Strategies 17 0 Quantum Queen X Review: I Tried to Break It My Trading 34 0 SX Chart Tools – User Guide: Style and Sync Your MT5 Charts Charts 32 0 Recovery factor: how many times an account has already earned back its worst fall Statistics 31 0 Worst Month by Money vs by Percent in 8 EA Backtests: A Different Month in 7 of 8; MEGAMAX DONCHIAN's Deepest: -21.75% Trading Strategies 35 0 Tick Volume in MT5: What It Measures and When You Can Trust It Trading Strategies 40 0 The ICT Liquidity Matrix: Automating New York Session Sweeps & Market Structure Shifts on NAS100 Trading Strategies 47 0 1 Quantitative 1-Minute Scalping: Combining Stochastic Momentum with Standard Deviation Volatility Regimes on MT5 Trading Strategies 61 0 1 WHY EXPERT ADVISOR SETTINGS MATTER: RISK, EXECUTION AND DEFAULT CONFIGURATIONS Trading Strategies 42 0 97 More than $2 trillion wiped off the Nasdaq 100 index 164 AiX Gold: Built for Gold. 76 TwoKey AI for MetaTrader 5: how it works, how to set it up, and how to test it safely forex technical analysis eurusd EUR/USD gbpusd gold usdjpy GBP/USD usd/jpy usd Trading AUD/USD usd/chf S&P 500 forecast usd/cad Fed bitcoin Fxwirepro dax fundamental analysis VistaBrokers Gold spot ($) Silver spot ($) Crude Oil (WTI) USD/TRY audusd EUR forex news ECB
