| Pre US Open, Daily Technical Analysis Friday, April 08, 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 1.1405. |
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| |  | | | Pivot: 1.1405
Most Likely Scenario: short positions below 1.1405 with targets @ 1.1345 & 1.1325 in extension.
Alternative scenario: above 1.1405 look for further upside with 1.1430 & 1.1455 as targets.
Comment: the RSI lacks upward momentum.
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| | GBP/USD Intraday: rebound. |
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| |  | | | Pivot: 1.4005
Most Likely Scenario: long positions above 1.4005 with targets @ 1.4170 & 1.4245 in extension.
Alternative scenario: below 1.4005 look for further downside with 1.3945 & 1.3900 as targets.
Comment: the RSI is well directed.
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| | USD/JPY Intraday: key resistance at 109.30. |
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| |  | | | Pivot: 109.30
Most Likely Scenario: short positions below 109.30 with targets @ 107.70 & 107.00 in extension.
Alternative scenario: above 109.30 look for further upside with 109.95 & 110.50 as targets.
Comment: the RSI lacks upward momentum.
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| | AUD/USD Intraday: rebound. |
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| |  | | | Pivot: 0.7490
Most Likely Scenario: long positions above 0.7490 with targets @ 0.7590 & 0.7635 in extension.
Alternative scenario: below 0.7490 look for further downside with 0.7455 & 0.7420 as targets.
Comment: the RSI is well directed.
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| | Gold spot Intraday: under pressure. |
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| |  | | | Pivot: 1243.30
Most Likely Scenario: short positions below 1243.30 with targets @ 1226.00 & 1220.00 in extension.
Alternative scenario: above 1243.30 look for further upside with 1249.50 & 1255.50 as targets.
Comment: the RSI is bearish and calls for further decline.
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| | Crude Oil (WTI) (K6) Intraday: further advance. |
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| |  | | | Pivot: 37.44
Most Likely Scenario: long positions above 37.44 with targets @ 39.00 & 39.85 in extension.
Alternative scenario: below 37.44 look for further downside with 36.70 & 36.16 as targets.
Comment: the RSI is well directed.
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