Daily Technical Analysis Wed, Sep 13, 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: continuation of the rebound.
Pivot: 1.1955
Most Likely Scenario: long positions above 1.1955 with targets at 1.2000 & 1.2030 in extension.
Alternative scenario: below 1.1955 look for further downside with 1.1925 & 1.1905 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3240
Most Likely Scenario: long positions above 1.3240 with targets at 1.3340 & 1.3390 in extension.
Alternative scenario: below 1.3240 look for further downside with 1.3210 & 1.3160 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: the RSI is mixed to bullish.
Pivot: 109.70
Most Likely Scenario: long positions above 109.70 with targets at 110.40 & 110.90 in extension.
Alternative scenario: below 109.70 look for further downside with 109.25 & 108.80 as targets.
Comment: the RSI is mixed to bullish.
#AUD/USD Intraday: as long as 0.8040 is resistance, look for choppy price action with a bearish bias.
Pivot: 0.8040
Most Likely Scenario: short positions below 0.8040 with targets at 0.8000 & 0.7975 in extension.
Alternative scenario: above 0.8040 look for further upside with 0.8060 & 0.8080 as targets.
Comment: as long as 0.8040 is resistance, look for choppy price action with a bearish bias.
#Gold spot Intraday: as long as 1335.50 is resistance, expect a return to 1326.00.
Pivot: 1335.50
Most Likely Scenario: short positions below 1335.50 with targets at 1326.00 & 1323.00 in extension.
Alternative scenario: above 1335.50 look for further upside with 1340.00 & 1344.00 as targets.
Comment: as long as 1335.50 is resistance, expect a return to 1326.00.
Pivot: 1.1955
Most Likely Scenario: long positions above 1.1955 with targets at 1.2000 & 1.2030 in extension.
Alternative scenario: below 1.1955 look for further downside with 1.1925 & 1.1905 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: the RSI is mixed to bullish.
Pivot: 1.3240
Most Likely Scenario: long positions above 1.3240 with targets at 1.3340 & 1.3390 in extension.
Alternative scenario: below 1.3240 look for further downside with 1.3210 & 1.3160 as targets.
Comment: the RSI is mixed to bullish.
#USD/JPY Intraday: the RSI is mixed to bullish.
Pivot: 109.70
Most Likely Scenario: long positions above 109.70 with targets at 110.40 & 110.90 in extension.
Alternative scenario: below 109.70 look for further downside with 109.25 & 108.80 as targets.
Comment: the RSI is mixed to bullish.
#AUD/USD Intraday: as long as 0.8040 is resistance, look for choppy price action with a bearish bias.
Pivot: 0.8040
Most Likely Scenario: short positions below 0.8040 with targets at 0.8000 & 0.7975 in extension.
Alternative scenario: above 0.8040 look for further upside with 0.8060 & 0.8080 as targets.
Comment: as long as 0.8040 is resistance, look for choppy price action with a bearish bias.
#Gold spot Intraday: as long as 1335.50 is resistance, expect a return to 1326.00.
Pivot: 1335.50
Most Likely Scenario: short positions below 1335.50 with targets at 1326.00 & 1323.00 in extension.
Alternative scenario: above 1335.50 look for further upside with 1340.00 & 1344.00 as targets.
Comment: as long as 1335.50 is resistance, expect a return to 1326.00.
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