Dear Customers,
Daily Technical Analysis Fri, Mar 17, 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: further advance.
Pivot: 1.0740
Most Likely Scenario: long positions above 1.0740 with targets at 1.0790 & 1.0825 in extension.
Alternative scenario: below 1.0740 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI is bullish and calls for further upside.
GBP/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1.2310
Most Likely Scenario: long positions above 1.2310 with targets at 1.2400 & 1.2430 in extension.
Alternative scenario: below 1.2310 look for further downside with 1.2260 & 1.2235 as targets.
Comment: technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: as long as the resistance at 113.70 is not surpassed, the risk of the break below 112.90 remains high.
Pivot: 113.70
Most Likely Scenario: short positions below 113.70 with targets at 112.90 & 112.55 in extension.
Alternative scenario: above 113.70 look for further upside with 114.00 & 114.45 as targets.
Comment: as long as the resistance at 113.70 is not surpassed, the risk of the break below 112.90 remains high.
AUD/USD Intraday: a support base at 0.7655 has formed and has allowed for a temporary stabilisation.
Pivot: 0.7655
Most Likely Scenario: long positions above 0.7655 with targets at 0.7695 & 0.7720 in extension.
Alternative scenario: below 0.7655 look for further downside with 0.7630 & 0.7605 as targets.
Comment: a support base at 0.7655 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday: a support base at 1223.20 has formed and has allowed for a temporary stabilisation.
Pivot: 1223.20
Most Likely Scenario: long positions above 1223.20 with targets at 1233.70 & 1237.00 in extension.
Alternative scenario: below 1223.20 look for further downside with 1217.50 & 1211.00 as targets.
Comment: a support base at 1223.20 has formed and has allowed for a temporary stabilisation.
Pivot: 1.0740
Most Likely Scenario: long positions above 1.0740 with targets at 1.0790 & 1.0825 in extension.
Alternative scenario: below 1.0740 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI is bullish and calls for further upside.
GBP/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1.2310
Most Likely Scenario: long positions above 1.2310 with targets at 1.2400 & 1.2430 in extension.
Alternative scenario: below 1.2310 look for further downside with 1.2260 & 1.2235 as targets.
Comment: technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: as long as the resistance at 113.70 is not surpassed, the risk of the break below 112.90 remains high.
Pivot: 113.70
Most Likely Scenario: short positions below 113.70 with targets at 112.90 & 112.55 in extension.
Alternative scenario: above 113.70 look for further upside with 114.00 & 114.45 as targets.
Comment: as long as the resistance at 113.70 is not surpassed, the risk of the break below 112.90 remains high.
AUD/USD Intraday: a support base at 0.7655 has formed and has allowed for a temporary stabilisation.
Pivot: 0.7655
Most Likely Scenario: long positions above 0.7655 with targets at 0.7695 & 0.7720 in extension.
Alternative scenario: below 0.7655 look for further downside with 0.7630 & 0.7605 as targets.
Comment: a support base at 0.7655 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday: a support base at 1223.20 has formed and has allowed for a temporary stabilisation.
Pivot: 1223.20
Most Likely Scenario: long positions above 1223.20 with targets at 1233.70 & 1237.00 in extension.
Alternative scenario: below 1223.20 look for further downside with 1217.50 & 1211.00 as targets.
Comment: a support base at 1223.20 has formed and has allowed for a temporary stabilisation.
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