Dear Customers,
Daily Technical Analysis Mon, Aug 28, 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 upside prevails.
Pivot: 1.1890
Most Likely Scenario: long positions above 1.1890 with targets at 1.1970 & 1.2000 in extension.
Alternative scenario: below 1.1890 look for further downside with 1.1865 & 1.1830 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2865
Most Likely Scenario: long positions above 1.2865 with targets at 1.2915 & 1.2950 in extension.
Alternative scenario: below 1.2865 look for further downside with 1.2840 & 1.2815 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 108.80 would trigger a drop towards 108.55.
Pivot: 109.55
Most Likely Scenario: short positions below 109.55 with targets at 108.80 & 108.55 in extension.
Alternative scenario: above 109.55 look for further upside with 109.80 & 110.05 as targets.
Comment: a break below 108.80 would trigger a drop towards 108.55.
#AUD/USD Intraday: the RSI is mixed to bullish.
Pivot: 0.7920
Most Likely Scenario: long positions above 0.7920 with targets at 0.7955 & 0.7975 in extension.
Alternative scenario: below 0.7920 look for further downside with 0.7900 & 0.7885 as targets.
Comment: the RSI is mixed to bullish.
#Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1288.00
Most Likely Scenario: long positions above 1288.00 with targets at 1297.00 & 1301.00 in extension.
Alternative scenario: below 1288.00 look for further downside with 1285.00 & 1280.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Pivot: 1.1890
Most Likely Scenario: long positions above 1.1890 with targets at 1.1970 & 1.2000 in extension.
Alternative scenario: below 1.1890 look for further downside with 1.1865 & 1.1830 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2865
Most Likely Scenario: long positions above 1.2865 with targets at 1.2915 & 1.2950 in extension.
Alternative scenario: below 1.2865 look for further downside with 1.2840 & 1.2815 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 108.80 would trigger a drop towards 108.55.
Pivot: 109.55
Most Likely Scenario: short positions below 109.55 with targets at 108.80 & 108.55 in extension.
Alternative scenario: above 109.55 look for further upside with 109.80 & 110.05 as targets.
Comment: a break below 108.80 would trigger a drop towards 108.55.
#AUD/USD Intraday: the RSI is mixed to bullish.
Pivot: 0.7920
Most Likely Scenario: long positions above 0.7920 with targets at 0.7955 & 0.7975 in extension.
Alternative scenario: below 0.7920 look for further downside with 0.7900 & 0.7885 as targets.
Comment: the RSI is mixed to bullish.
#Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1288.00
Most Likely Scenario: long positions above 1288.00 with targets at 1297.00 & 1301.00 in extension.
Alternative scenario: below 1288.00 look for further downside with 1285.00 & 1280.00 as targets.
Comment: the RSI is mixed with a bullish bias.
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