Daily Technical Analysis Tue, May 23, 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: the bias remains bullish.
Pivot: 1.1215
Most Likely Scenario: long positions above 1.1215 with targets at 1.1265 & 1.1300 in extension.
Alternative scenario: below 1.1215 look for further downside with 1.1180 & 1.1160 as targets.
Comment: the RSI is mixed with a bullish bias.
GBP/USD Intraday: the RSI is mixed to bearish.
Pivot: 1.3040
Most Likely Scenario: short positions below 1.3040 with targets at 1.2960 & 1.2935 in extension.
Alternative scenario: above 1.3040 look for further upside with 1.3090 & 1.3120 as targets.
Comment: the RSI is mixed to bearish.
USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 111.60
Most Likely Scenario: short positions below 111.60 with targets at 110.65 & 110.25 in extension.
Alternative scenario: above 111.60 look for further upside with 112.20 & 112.60 as targets.
Comment: the RSI is mixed to bearish.
AUD/USD Intraday: the RSI advocates for further upside.
Pivot: 0.7460
Most Likely Scenario: long positions above 0.7460 with targets at 0.7505 & 0.7520 in extension.
Alternative scenario: below 0.7460 look for further downside with 0.7445 & 0.7425 as targets.
Comment: the RSI advocates for further upside.
Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1257.50
Most Likely Scenario: long positions above 1257.50 with targets at 1265.00 & 1268.00 in extension.
Alternative scenario: below 1257.50 look for further downside with 1255.00 & 1251.50 as targets.
Comment: the RSI is mixed with a bullish bias.
Pivot: 1.1215
Most Likely Scenario: long positions above 1.1215 with targets at 1.1265 & 1.1300 in extension.
Alternative scenario: below 1.1215 look for further downside with 1.1180 & 1.1160 as targets.
Comment: the RSI is mixed with a bullish bias.
GBP/USD Intraday: the RSI is mixed to bearish.
Pivot: 1.3040
Most Likely Scenario: short positions below 1.3040 with targets at 1.2960 & 1.2935 in extension.
Alternative scenario: above 1.3040 look for further upside with 1.3090 & 1.3120 as targets.
Comment: the RSI is mixed to bearish.
USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 111.60
Most Likely Scenario: short positions below 111.60 with targets at 110.65 & 110.25 in extension.
Alternative scenario: above 111.60 look for further upside with 112.20 & 112.60 as targets.
Comment: the RSI is mixed to bearish.
AUD/USD Intraday: the RSI advocates for further upside.
Pivot: 0.7460
Most Likely Scenario: long positions above 0.7460 with targets at 0.7505 & 0.7520 in extension.
Alternative scenario: below 0.7460 look for further downside with 0.7445 & 0.7425 as targets.
Comment: the RSI advocates for further upside.
Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1257.50
Most Likely Scenario: long positions above 1257.50 with targets at 1265.00 & 1268.00 in extension.
Alternative scenario: below 1257.50 look for further downside with 1255.00 & 1251.50 as targets.
Comment: the RSI is mixed with a bullish bias.
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