Daily Technical Analysis Thu, Sep 28, 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: 1.1780
Most Likely Scenario: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.
Alternative scenario: above 1.1780 look for further upside with 1.1810 & 1.1835 as targets.
Comment: a break below 1.1715 would trigger a drop towards 1.1690.
#GBP/USD Intraday: a break below 1.3365 would trigger a drop towards 1.3330.
Pivot: 1.3430
Most Likely Scenario: short positions below 1.3430 with targets at 1.3365 & 1.3330 in extension.
Alternative scenario: above 1.3430 look for further upside with 1.3465 & 1.3500 as targets.
Comment: a break below 1.3365 would trigger a drop towards 1.3330.
#USD/JPY Intraday: the RSI shows upside momentum.
Pivot: 112.65
Most Likely Scenario: long positions above 112.65 with targets at 113.25 & 113.55 in extension.
Alternative scenario: below 112.65 look for further downside with 112.35 & 112.00 as targets.
Comment: the RSI shows upside momentum.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.7875
Most Likely Scenario: short positions below 0.7875 with targets at 0.7810 & 0.7780 in extension.
Alternative scenario: above 0.7875 look for further upside with 0.7900 & 0.7925 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: the RSI advocates for further decline.
Pivot: 1290.00
Most Likely Scenario: short positions below 1290.00 with targets at 1276.00 & 1271.00 in extension.
Alternative scenario: above 1290.00 look for further upside with 1295.00 & 1300.00 as targets.
Comment: the RSI advocates for further decline.
Pivot: 1.1780
Most Likely Scenario: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.
Alternative scenario: above 1.1780 look for further upside with 1.1810 & 1.1835 as targets.
Comment: a break below 1.1715 would trigger a drop towards 1.1690.
#GBP/USD Intraday: a break below 1.3365 would trigger a drop towards 1.3330.
Pivot: 1.3430
Most Likely Scenario: short positions below 1.3430 with targets at 1.3365 & 1.3330 in extension.
Alternative scenario: above 1.3430 look for further upside with 1.3465 & 1.3500 as targets.
Comment: a break below 1.3365 would trigger a drop towards 1.3330.
#USD/JPY Intraday: the RSI shows upside momentum.
Pivot: 112.65
Most Likely Scenario: long positions above 112.65 with targets at 113.25 & 113.55 in extension.
Alternative scenario: below 112.65 look for further downside with 112.35 & 112.00 as targets.
Comment: the RSI shows upside momentum.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.7875
Most Likely Scenario: short positions below 0.7875 with targets at 0.7810 & 0.7780 in extension.
Alternative scenario: above 0.7875 look for further upside with 0.7900 & 0.7925 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: the RSI advocates for further decline.
Pivot: 1290.00
Most Likely Scenario: short positions below 1290.00 with targets at 1276.00 & 1271.00 in extension.
Alternative scenario: above 1290.00 look for further upside with 1295.00 & 1300.00 as targets.
Comment: the RSI advocates for further decline.
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