Dear Customers,
Daily Technical Analysis Tue, Sep 05, 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: key resistance at 1.1930.
Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1885 & 1.1855 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 1.1885 remains high.
#GBP/USD Intraday: as long as 1.2965 is resistance, look for choppy price action with a bearish bias.
Pivot: 1.2965
Most Likely Scenario: short positions below 1.2965 with targets at 1.2900 & 1.2880 in extension.
Alternative scenario: above 1.2965 look for further upside with 1.2995 & 1.3020 as targets.
Comment: as long as 1.2965 is resistance, look for choppy price action with a bearish bias.
#USD/JPY Intraday: the RSI shows downside momentum.
Pivot: 109.80
Most Likely Scenario: short positions below 109.80 with targets at 109.00 & 108.65 in extension.
Alternative scenario: above 109.80 look for further upside with 110.25 & 110.65 as targets.
Comment: the RSI shows downside momentum.
#AUD/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7985 & 0.7995 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7905 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#Gold spot Intraday: the RSI is bullish and calls for further upside.
Pivot: 1329.00
Most Likely Scenario: long positions above 1329.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1329.00 look for further downside with 1322.00 & 1316.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1885 & 1.1855 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 1.1885 remains high.
#GBP/USD Intraday: as long as 1.2965 is resistance, look for choppy price action with a bearish bias.
Pivot: 1.2965
Most Likely Scenario: short positions below 1.2965 with targets at 1.2900 & 1.2880 in extension.
Alternative scenario: above 1.2965 look for further upside with 1.2995 & 1.3020 as targets.
Comment: as long as 1.2965 is resistance, look for choppy price action with a bearish bias.
#USD/JPY Intraday: the RSI shows downside momentum.
Pivot: 109.80
Most Likely Scenario: short positions below 109.80 with targets at 109.00 & 108.65 in extension.
Alternative scenario: above 109.80 look for further upside with 110.25 & 110.65 as targets.
Comment: the RSI shows downside momentum.
#AUD/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7985 & 0.7995 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7905 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#Gold spot Intraday: the RSI is bullish and calls for further upside.
Pivot: 1329.00
Most Likely Scenario: long positions above 1329.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1329.00 look for further downside with 1322.00 & 1316.00 as targets.
Comment: the RSI is bullish and calls for further upside.
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