Daily Technical Analysis Wed, Apr 26, 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: bullish bias above 1.0900.
Pivot: 1.0900
Most Likely Scenario: long positions above 1.0900 with targets at 1.0975 & 1.1010 in extension.
Alternative scenario: below 1.0900 look for further downside with 1.0870 & 1.0840 as targets.
Comment: the RSI is mixed to bullish.
GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.2800
Most Likely Scenario: long positions above 1.2800 with targets at 1.2860 & 1.2885 in extension.
Alternative scenario: below 1.2800 look for further downside with 1.2770 & 1.2735 as targets.
Comment: the RSI is mixed to bullish.
USD/JPY Intraday: the RSI is bullish and calls for further advance.
Pivot: 110.65
Most Likely Scenario: long positions above 110.65 with targets at 111.60 & 112.00 in extension.
Alternative scenario: below 110.65 look for further downside with 110.30 & 109.95 as targets
Comment: the RSI is bullish and calls for further advance.
AUD/USD Intraday: the RSI is mixed to bearish.
Pivot: 0.7545
Most Likely Scenario: short positions below 0.7545 with targets at 0.7500 & 0.7490 in extension.
Alternative scenario: above 0.7545 look for further upside with 0.7565 & 0.7580 as targets.
Comment: the RSI is mixed to bearish.
Gold spot Intraday: the RSI is mixed with a bearish bias.
Pivot: 1267.50
Most Likely Scenario: short positions below 1267.50 with targets at 1260.00 & 1256.00 in extension.
Alternative scenario: above 1267.50 look for further upside with 1272.00 & 1275.00 as targets.
Comment: the RSI is mixed with a bearish bias
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