Daily Technical Analysis Thu, Sep 07, 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: supported by a rising trend line.
Pivot: 1.1900
Most Likely Scenario: long positions above 1.1900 with targets at 1.1950 & 1.1965 in extension.
Alternative scenario: below 1.1900 look for further downside with 1.1875 & 1.1850 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3020
Most Likely Scenario: long positions above 1.3020 with targets at 1.3085 & 1.3115 in extension.
Alternative scenario: below 1.3020 look for further downside with 1.2990 & 1.2950 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 108.80
Most Likely Scenario: long positions above 108.80 with targets at 109.40 & 109.80 in extension.
Alternative scenario: below 108.80 look for further downside with 108.50 & 108.30 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.8020
Most Likely Scenario: short positions below 0.8020 with targets at 0.7960 & 0.7940 in extension.
Alternative scenario: above 0.8020 look for further upside with 0.8040 & 0.8060 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: the RSI calls for a rebound.
Pivot: 1331.00
Most Likely Scenario: long positions above 1331.00 with targets at 1340.00 & 1344.00 in extension.
Alternative scenario: below 1331.00 look for further downside with 1326.00 & 1322.00 as targets.
Comment: the RSI calls for a rebound.
Pivot: 1.1900
Most Likely Scenario: long positions above 1.1900 with targets at 1.1950 & 1.1965 in extension.
Alternative scenario: below 1.1900 look for further downside with 1.1875 & 1.1850 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3020
Most Likely Scenario: long positions above 1.3020 with targets at 1.3085 & 1.3115 in extension.
Alternative scenario: below 1.3020 look for further downside with 1.2990 & 1.2950 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 108.80
Most Likely Scenario: long positions above 108.80 with targets at 109.40 & 109.80 in extension.
Alternative scenario: below 108.80 look for further downside with 108.50 & 108.30 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.8020
Most Likely Scenario: short positions below 0.8020 with targets at 0.7960 & 0.7940 in extension.
Alternative scenario: above 0.8020 look for further upside with 0.8040 & 0.8060 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: the RSI calls for a rebound.
Pivot: 1331.00
Most Likely Scenario: long positions above 1331.00 with targets at 1340.00 & 1344.00 in extension.
Alternative scenario: below 1331.00 look for further downside with 1326.00 & 1322.00 as targets.
Comment: the RSI calls for a rebound.
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