Daily Technical Analysis Tue, Aug 29, 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: 1.1915
Most Likely Scenario: long positions above 1.1915 with targets at 1.2000 & 1.2040 in extension.
Alternative scenario: below 1.1915 look for further downside with 1.1865 & 1.1830 as targets.
Comment: the RSI shows downside momentum.
#GBP/USD Intraday: the RSI shows upside momentum.
Pivot: 1.2905
Most Likely Scenario: long positions above 1.2905 with targets at 1.2965 & 1.2990 in extension.
Alternative scenario: below 1.2905 look for further downside with 1.2870 & 1.2840 as targets.
Comment: the RSI shows upside momentum.
#USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 109.05
Most Likely Scenario: short positions below 109.05 with targets at 108.35 & 108.00 in extension.
Alternative scenario: above 109.05 look for further upside with 109.35 & 109.55 as targets.
Comment: the RSI is mixed to bearish.
#AUD/USD Intraday: the RSI is mixed to bearish.
Pivot: 0.7950
Most Likely Scenario: short positions below 0.7950 with targets at 0.7905 & 0.7885 in extension.
Alternative scenario: above 0.7950 look for further upside with 0.7975 & 0.8000 as targets.
Comment: the RSI is mixed to bearish.
#Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1308.00
Most Likely Scenario: long positions above 1308.00 with targets at 1329.00 & 1335.00 in extension.
Alternative scenario: below 1308.00 look for further downside with 1300.00 & 1292.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Pivot: 1.1915
Most Likely Scenario: long positions above 1.1915 with targets at 1.2000 & 1.2040 in extension.
Alternative scenario: below 1.1915 look for further downside with 1.1865 & 1.1830 as targets.
Comment: the RSI shows downside momentum.
#GBP/USD Intraday: the RSI shows upside momentum.
Pivot: 1.2905
Most Likely Scenario: long positions above 1.2905 with targets at 1.2965 & 1.2990 in extension.
Alternative scenario: below 1.2905 look for further downside with 1.2870 & 1.2840 as targets.
Comment: the RSI shows upside momentum.
#USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 109.05
Most Likely Scenario: short positions below 109.05 with targets at 108.35 & 108.00 in extension.
Alternative scenario: above 109.05 look for further upside with 109.35 & 109.55 as targets.
Comment: the RSI is mixed to bearish.
#AUD/USD Intraday: the RSI is mixed to bearish.
Pivot: 0.7950
Most Likely Scenario: short positions below 0.7950 with targets at 0.7905 & 0.7885 in extension.
Alternative scenario: above 0.7950 look for further upside with 0.7975 & 0.8000 as targets.
Comment: the RSI is mixed to bearish.
#Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1308.00
Most Likely Scenario: long positions above 1308.00 with targets at 1329.00 & 1335.00 in extension.
Alternative scenario: below 1308.00 look for further downside with 1300.00 & 1292.00 as targets.
Comment: the RSI is mixed with a bullish bias.
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