Daily Technical Analysis Wed, Sep 27, 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: capped by a negative trend line.
Pivot: 1.1830
Most Likely Scenario: short positions below 1.1830 with targets at 1.1760 & 1.1730 in extension.
Alternative scenario: above 1.1830 look for further upside with 1.1860 & 1.1890 as targets.
Comment: a break below 1.1760 would trigger a drop towards 1.1730.
#GBP/USD Intraday: the RSI is capped by a declining trend line.
Pivot: 1.3490
Most Likely Scenario: short positions below 1.3490 with targets at 1.3405 & 1.3355 in extension.
Alternative scenario: above 1.3490 look for further upside with 1.3520 & 1.3560 as targets.
Comment: the RSI is capped by a declining trend line.
#USD/JPY Intraday: the RSI shows upside momentum.
Pivot: 111.80
Most Likely Scenario: long positions above 111.80 with targets at 112.50 & 112.80 in extension.
Alternative scenario: below 111.80 look for further downside with 111.45 & 111.25 as targets.
Comment: the RSI shows upside momentum.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.7905
Most Likely Scenario: short positions below 0.7905 with targets at 0.7835 & 0.7810 in extension.
Alternative scenario: above 0.7905 look for further upside with 0.7925 & 0.7950 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.
Pivot: 1300.00
Most Likely Scenario: short positions below 1300.00 with targets at 1288.00 & 1281.50 in extension.
Alternative scenario: above 1300.00 look for further upside with 1307.50 & 1313.50 as targets.
Comment: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.
Pivot: 1.1830
Most Likely Scenario: short positions below 1.1830 with targets at 1.1760 & 1.1730 in extension.
Alternative scenario: above 1.1830 look for further upside with 1.1860 & 1.1890 as targets.
Comment: a break below 1.1760 would trigger a drop towards 1.1730.
#GBP/USD Intraday: the RSI is capped by a declining trend line.
Pivot: 1.3490
Most Likely Scenario: short positions below 1.3490 with targets at 1.3405 & 1.3355 in extension.
Alternative scenario: above 1.3490 look for further upside with 1.3520 & 1.3560 as targets.
Comment: the RSI is capped by a declining trend line.
#USD/JPY Intraday: the RSI shows upside momentum.
Pivot: 111.80
Most Likely Scenario: long positions above 111.80 with targets at 112.50 & 112.80 in extension.
Alternative scenario: below 111.80 look for further downside with 111.45 & 111.25 as targets.
Comment: the RSI shows upside momentum.
#AUD/USD Intraday: the RSI shows downside momentum.
Pivot: 0.7905
Most Likely Scenario: short positions below 0.7905 with targets at 0.7835 & 0.7810 in extension.
Alternative scenario: above 0.7905 look for further upside with 0.7925 & 0.7950 as targets.
Comment: the RSI shows downside momentum.
#Gold spot Intraday: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.
Pivot: 1300.00
Most Likely Scenario: short positions below 1300.00 with targets at 1288.00 & 1281.50 in extension.
Alternative scenario: above 1300.00 look for further upside with 1307.50 & 1313.50 as targets.
Comment: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.
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