| Pre US Open, Daily Technical Analysis Wednesday, April 27, 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: the upside prevails. |
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Pivot: 1.1270
Most Likely Scenario: long positions above 1.1270 with targets @ 1.1340 & 1.1380 in extension.
Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1215 as targets.
Comment: the RSI lacks downward momentum.
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| | GBP/USD Intraday: intraday support around 1.4520. |
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| |  | | | Pivot: 1.4520
Most Likely Scenario: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension.
Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets.
Comment: the RSI lacks downward momentum.
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| | USD/JPY Intraday: bullish bias above 110.75. |
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| |  | | | Pivot: 110.75
Most Likely Scenario: long positions above 110.75 with targets @ 111.80 & 112.45 in extension.
Alternative scenario: below 110.75 look for further downside with 110.25 & 109.90 as targets.
Comment: the RSI is mixed to bullish.
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| | AUD/USD Intraday: the downside prevails. |
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| |  | | | Pivot: 0.7685
Most Likely Scenario: short positions below 0.7685 with targets @ 0.7580 & 0.7530 in extension.
Alternative scenario: above 0.7685 look for further upside with 0.7725 & 0.7765 as targets.
Comment: the RSI has broken down its 30 level.
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| | Gold spot Intraday: further upside. |
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| |  | | | Pivot: 1231.00
Most Likely Scenario: long positions above 1231.00 with targets @ 1249.00 & 1252.60 in extension.
Alternative scenario: below 1231.00 look for further downside with 1227.00 & 1220.00 as targets.
Comment: the RSI is mixed to bullish.
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| | Crude Oil (WTI) (M6) Intraday: further advance. |
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| |  | | | Pivot: 42.90
Most Likely Scenario: long positions above 42.90 with targets @ 45.30 & 46.35 in extension.
Alternative scenario: below 42.90 look for further downside with 42.00 & 41.40 as targets.
Comment: the RSI advocates for further upside.
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