| Pre US Open, Daily Technical Analysis Wednesday, April 06, 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: 1.1385
Most Likely Scenario: short positions below 1.1385 with targets @ 1.1340 & 1.1310 in extension.
Alternative scenario: above 1.1385 look for further upside with 1.1415 & 1.1435 as targets.
Comment: the RSI is badly directed.
|
| | |
| | GBP/USD Intraday: under pressure. |
| |
|
| |  | | | Pivot: 1.4195
Most Likely Scenario: short positions below 1.4195 with targets @ 1.4055 & 1.4005 in extension.
Alternative scenario: above 1.4195 look for further upside with 1.4245 & 1.4325 as targets.
Comment: the RSI is badly directed.
|
| | |
| | USD/JPY Intraday: under pressure. |
| |
|
| |  | | | Pivot: 111.05
Most Likely Scenario: short positions below 111.05 with targets @ 109.90 & 109.50 in extension.
Alternative scenario: above 111.05 look for further upside with 111.40 & 111.75 as targets.
Comment: the RSI lacks upward momentum.
|
| | |
| | AUD/USD Intraday: key resistance at 0.7570. |
| |
|
| |  | | | Pivot: 0.7570
Most Likely Scenario: short positions below 0.7570 with targets @ 0.7505 & 0.7475 in extension.
Alternative scenario: above 0.7570 look for further upside with 0.7605 & 0.7645 as targets.
Comment: The pair is shaping a bearish flag.
|
| | |
| | Gold spot Intraday: bullish bias above 1222.50. |
| |
|
| |  | | | Pivot: 1222.50
Most Likely Scenario: long positions above 1222.50 with targets @ 1232.00 & 1236.80 in extension.
Alternative scenario: below 1222.50 look for further downside with 1214.50 & 1208.50 as targets.
Comment: a support base at 1222.50 has formed and has allowed for a temporary stabilisation.
|
| | |
| | Crude Oil (WTI) (K6) Intraday: key resistance at 37.25. |
| |
|
| |  | | | Pivot: 37.25
Most Likely Scenario: short positions below 37.25 with targets @ 35.88 & 35.20 in extension.
Alternative scenario: above 37.25 look for further upside with 38.39 & 39.07 as targets.
Comment: the upward potential is likely to be limited by the resistance at 37.25.
|
| | |
|
