Daily Technical Analysis Mon, Sep 04, 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: under pressure.
Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1855 & 1.1820 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.1980 & 1.2025 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1855 remains high.
#GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2935
Most Likely Scenario: long positions above 1.2935 with targets at 1.2995 & 1.3020 in extension.
Alternative scenario: below 1.2935 look for further downside with 1.2900 & 1.2865 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 109.55 would trigger a drop towards 109.00.
Pivot: 110.25
Most Likely Scenario: short positions below 110.25 with targets at 109.55 & 109.00 in extension.
Alternative scenario: above 110.25 look for further upside with 110.65 & 111.00 as targets.
Comment: a break below 109.55 would trigger a drop towards 109.00.
#AUD/USD Intraday: the RSI is mixed to bullish.
Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7995 & 0.8020 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7890 as targets.
Comment: the RSI is mixed to bullish.
#Gold spot Intraday: the RSI is bullish and calls for further advance.
Pivot: 1324.00
Most Likely Scenario: long positions above 1324.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1324.00 look for further downside with 1316.00 & 1307.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1855 & 1.1820 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.1980 & 1.2025 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1855 remains high.
#GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2935
Most Likely Scenario: long positions above 1.2935 with targets at 1.2995 & 1.3020 in extension.
Alternative scenario: below 1.2935 look for further downside with 1.2900 & 1.2865 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 109.55 would trigger a drop towards 109.00.
Pivot: 110.25
Most Likely Scenario: short positions below 110.25 with targets at 109.55 & 109.00 in extension.
Alternative scenario: above 110.25 look for further upside with 110.65 & 111.00 as targets.
Comment: a break below 109.55 would trigger a drop towards 109.00.
#AUD/USD Intraday: the RSI is mixed to bullish.
Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7995 & 0.8020 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7890 as targets.
Comment: the RSI is mixed to bullish.
#Gold spot Intraday: the RSI is bullish and calls for further advance.
Pivot: 1324.00
Most Likely Scenario: long positions above 1324.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1324.00 look for further downside with 1316.00 & 1307.00 as targets.
Comment: the RSI is bullish and calls for further advance.
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