Daily Technical Analysis Fri, Sep 01, 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: 1.1865
Most Likely Scenario: long positions above 1.1865 with targets at 1.1940 & 1.1985 in extension.
Alternative scenario: below 1.1865 look for further downside with 1.1825 & 1.1785 as targets.
Comment: the RSI is mixed to bullish.
GBP/USD Intraday: the RSI lacks downward momentum.
Pivot: 1.2900
Most Likely Scenario: long positions above 1.2900 with targets at 1.2970 & 1.3000 in extension.
Alternative scenario: below 1.2900 look for further downside with 1.2875 & 1.2850 as targets.
Comment: the RSI lacks downward momentum.
USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 110.40
Most Likely Scenario: short positions below 110.40 with targets at 109.85 & 109.50 in extension.
Alternative scenario: above 110.40 look for further upside with 110.70 & 111.00 as targets.
Comment: the RSI is mixed to bearish.
AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7920
Most Likely Scenario: long positions above 0.7920 with targets at 0.7960 & 0.7980 in extension.
Alternative scenario: below 0.7920 look for further downside with 0.7890 & 0.7870 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1313.00
Most Likely Scenario: long positions above 1313.00 with targets at 1330.00 & 1334.00 in extension.
Alternative scenario: below 1313.00 look for further downside with 1307.00 & 1300.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Pivot: 1.1865
Most Likely Scenario: long positions above 1.1865 with targets at 1.1940 & 1.1985 in extension.
Alternative scenario: below 1.1865 look for further downside with 1.1825 & 1.1785 as targets.
Comment: the RSI is mixed to bullish.
GBP/USD Intraday: the RSI lacks downward momentum.
Pivot: 1.2900
Most Likely Scenario: long positions above 1.2900 with targets at 1.2970 & 1.3000 in extension.
Alternative scenario: below 1.2900 look for further downside with 1.2875 & 1.2850 as targets.
Comment: the RSI lacks downward momentum.
USD/JPY Intraday: the RSI is mixed to bearish.
Pivot: 110.40
Most Likely Scenario: short positions below 110.40 with targets at 109.85 & 109.50 in extension.
Alternative scenario: above 110.40 look for further upside with 110.70 & 111.00 as targets.
Comment: the RSI is mixed to bearish.
AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7920
Most Likely Scenario: long positions above 0.7920 with targets at 0.7960 & 0.7980 in extension.
Alternative scenario: below 0.7920 look for further downside with 0.7890 & 0.7870 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1313.00
Most Likely Scenario: long positions above 1313.00 with targets at 1330.00 & 1334.00 in extension.
Alternative scenario: below 1313.00 look for further downside with 1307.00 & 1300.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
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