Dear Customers,
Daily Technical Analysis Fri, Sep 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: 1.1755
Most Likely Scenario: long positions above 1.1755 with targets at 1.1810 & 1.1835 in extension.
Alternative scenario: below 1.1755 look for further downside with 1.1720 & 1.1690 as targets.
Comment: the RSI is supported by a rising trend line.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3405
Most Likely Scenario: long positions above 1.3405 with targets at 1.3430 & 1.3460 in extension.
Alternative scenario: below 1.3405 look for further downside with 1.3370 & 1.3340 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: the upward potential is likely to be limited by the resistance at 112.75.
Pivot: 112.75
Most Likely Scenario: short positions below 112.75 with targets at 112.40 & 112.20 in extension.
Alternative scenario: above 112.75 look for further upside with 113.00 & 113.25 as targets.
Comment: the upward potential is likely to be limited by the resistance at 112.75.
#AUD/USD Intraday: a support base at 0.7830 has formed and has allowed for a temporary stabilisation.
Pivot: 0.7830
Most Likely Scenario: long positions above 0.7830 with targets at 0.7860 & 0.7880 in extension.
Alternative scenario: below 0.7830 look for further downside with 0.7805 & 0.7780 as targets.
Comment: a support base at 0.7830 has formed and has allowed for a temporary stabilisation.
#Gold spot Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1282.00
Most Likely Scenario: long positions above 1282.00 with targets at 1289.00 & 1295.00 in extension.
Alternative scenario: below 1282.00 look for further downside with 1276.00 & 1271.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.1755
Most Likely Scenario: long positions above 1.1755 with targets at 1.1810 & 1.1835 in extension.
Alternative scenario: below 1.1755 look for further downside with 1.1720 & 1.1690 as targets.
Comment: the RSI is supported by a rising trend line.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3405
Most Likely Scenario: long positions above 1.3405 with targets at 1.3430 & 1.3460 in extension.
Alternative scenario: below 1.3405 look for further downside with 1.3370 & 1.3340 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: the upward potential is likely to be limited by the resistance at 112.75.
Pivot: 112.75
Most Likely Scenario: short positions below 112.75 with targets at 112.40 & 112.20 in extension.
Alternative scenario: above 112.75 look for further upside with 113.00 & 113.25 as targets.
Comment: the upward potential is likely to be limited by the resistance at 112.75.
#AUD/USD Intraday: a support base at 0.7830 has formed and has allowed for a temporary stabilisation.
Pivot: 0.7830
Most Likely Scenario: long positions above 0.7830 with targets at 0.7860 & 0.7880 in extension.
Alternative scenario: below 0.7830 look for further downside with 0.7805 & 0.7780 as targets.
Comment: a support base at 0.7830 has formed and has allowed for a temporary stabilisation.
#Gold spot Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1282.00
Most Likely Scenario: long positions above 1282.00 with targets at 1289.00 & 1295.00 in extension.
Alternative scenario: below 1282.00 look for further downside with 1276.00 & 1271.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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