| Pre US Open, Daily Technical Analysis Monday, April 18, 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: bullish bias above 1.1270. |
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| |  | | | Pivot: 1.1270
Most Likely Scenario: long positions above 1.1270 with targets @ 1.1320 & 1.1345 in extension.
Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1215 as targets.
Comment: the RSI is well directed.
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| | GBP/USD Intraday: key resistance at 1.4205. |
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| |  | | | Pivot: 1.4205
Most Likely Scenario: short positions below 1.4205 with targets @ 1.4130 & 1.4100 in extension.
Alternative scenario: above 1.4205 look for further upside with 1.4240 & 1.4280 as targets.
Comment: the RSI lacks upward momentum.
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| | USD/JPY Intraday: under pressure. |
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| |  | | | Pivot: 108.85
Most Likely Scenario: short positions below 108.85 with targets @ 107.75 & 107.30 in extension.
Alternative scenario: above 108.85 look for further upside with 109.45 & 109.75 as targets.
Comment: the RSI lacks upward momentum.
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| | AUD/USD Intraday: caution. |
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| |  | | | Pivot: 0.7710
Most Likely Scenario: short positions below 0.7710 with targets @ 0.7615 & 0.7580 in extension.
Alternative scenario: above 0.7710 look for further upside with 0.7740 & 0.7770 as targets.
Comment: the RSI is mixed and calls for caution.
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| | Gold spot Intraday: further advance. |
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| |  | | | Pivot: 1230.00
Most Likely Scenario: long positions above 1230.00 with targets @ 1240.00 & 1244.00 in extension.
Alternative scenario: below 1230.00 look for further downside with 1227.00 & 1224.00 as targets.
Comment: the RSI is mixed to bullish.
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| | Crude Oil (WTI) (K6) Intraday: key resistance at 40.00. |
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| |  | | | Pivot: 40.00
Most Likely Scenario: short positions below 40.00 with targets @ 37.60 & 36.80 in extension.
Alternative scenario: above 40.00 look for further upside with 40.80 & 41.73 as targets.
Comment: the RSI lacks upward momentum.
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