Dear Customers,
Daily Technical Analysis Mon, Mar 20, 2017
* 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: continuation of the rebound.
Pivot: 1.0730
Most Likely Scenario: long positions above 1.0730 with targets at 1.0780 & 1.0810 in extension.
Alternative scenario: below 1.0730 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI calls for a new upleg.
GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2340
Most Likely Scenario: long positions above 1.2340 with targets at 1.2430 & 1.2475 in extension.
Alternative scenario: below 1.2340 look for further downside with 1.2295 & 1.2250 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: a break below 112.40 would trigger a drop towards 112.05.
Pivot: 113.00
Most Likely Scenario: short positions below 113.00 with targets at 112.40 & 112.05 in extension.
Alternative scenario: above 113.00 look for further upside with 113.50 & 114.00 as targets.
Comment: a break below 112.40 would trigger a drop towards 112.05.
AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7680
Most Likely Scenario: long positions above 0.7680 with targets at 0.7755 & 0.7780 in extension.
Alternative scenario: below 0.7680 look for further downside with 0.7660 & 0.7630 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: the RSI broke above a declining trend line.
Pivot: 1229.00
Most Likely Scenario: long positions above 1229.00 with targets at 1241.00 & 1246.50 in extension.
Alternative scenario: below 1229.00 look for further downside with 1224.00 & 1218.00 as targets.
Comment: the RSI broke above a declining trend line.
Pivot: 1.0730
Most Likely Scenario: long positions above 1.0730 with targets at 1.0780 & 1.0810 in extension.
Alternative scenario: below 1.0730 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI calls for a new upleg.
GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2340
Most Likely Scenario: long positions above 1.2340 with targets at 1.2430 & 1.2475 in extension.
Alternative scenario: below 1.2340 look for further downside with 1.2295 & 1.2250 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: a break below 112.40 would trigger a drop towards 112.05.
Pivot: 113.00
Most Likely Scenario: short positions below 113.00 with targets at 112.40 & 112.05 in extension.
Alternative scenario: above 113.00 look for further upside with 113.50 & 114.00 as targets.
Comment: a break below 112.40 would trigger a drop towards 112.05.
AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7680
Most Likely Scenario: long positions above 0.7680 with targets at 0.7755 & 0.7780 in extension.
Alternative scenario: below 0.7680 look for further downside with 0.7660 & 0.7630 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: the RSI broke above a declining trend line.
Pivot: 1229.00
Most Likely Scenario: long positions above 1229.00 with targets at 1241.00 & 1246.50 in extension.
Alternative scenario: below 1229.00 look for further downside with 1224.00 & 1218.00 as targets.
Comment: the RSI broke above a declining trend line.