Daily Technical Analysis Fri, Oct 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: caution.
Pivot: 1.1855
Most Likely Scenario: short positions below 1.1855 with targets at 1.1820 & 1.1795 in extension.
Alternative scenario: above 1.1855 look for further upside with 1.1880 & 1.1900 as targets.
Comment: intraday technical indicators are mixed and call for caution.
#GBP/USD Intraday: the RSI is bullish and calls for further upside.
Pivot: 1.3220
Most Likely Scenario: long positions above 1.3220 with targets at 1.3290 & 1.3345 in extension.
Alternative scenario: below 1.3220 look for further downside with 1.3175 & 1.3125 as targets.
Comment: the RSI is bullish and calls for further upside.
#USD/JPY Intraday: the RSI is capped by a declining trend line.
Pivot: 112.45
Most Likely Scenario: short positions below 112.45 with targets at 111.95 & 111.80 in extension.
Alternative scenario: above 112.45 look for further upside with 112.60 & 112.80 as targets.
Comment: the RSI is capped by a declining trend line.
#AUD/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 0.7805
Most Likely Scenario: long positions above 0.7805 with targets at 0.7855 & 0.7875 in extension.
Alternative scenario: below 0.7805 look for further downside with 0.7785 & 0.7770 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#Gold spot Intraday: the RSI advocates for further advance.
Pivot: 1289.50
Most Likely Scenario: long positions above 1289.50 with targets at 1301.00 & 1306.00 in extension.
Alternative scenario: below 1289.50 look for further downside with 1284.00 & 1281.00 as targets.
Comment: the RSI advocates for further advance.
Pivot: 1.1855
Most Likely Scenario: short positions below 1.1855 with targets at 1.1820 & 1.1795 in extension.
Alternative scenario: above 1.1855 look for further upside with 1.1880 & 1.1900 as targets.
Comment: intraday technical indicators are mixed and call for caution.
#GBP/USD Intraday: the RSI is bullish and calls for further upside.
Pivot: 1.3220
Most Likely Scenario: long positions above 1.3220 with targets at 1.3290 & 1.3345 in extension.
Alternative scenario: below 1.3220 look for further downside with 1.3175 & 1.3125 as targets.
Comment: the RSI is bullish and calls for further upside.
#USD/JPY Intraday: the RSI is capped by a declining trend line.
Pivot: 112.45
Most Likely Scenario: short positions below 112.45 with targets at 111.95 & 111.80 in extension.
Alternative scenario: above 112.45 look for further upside with 112.60 & 112.80 as targets.
Comment: the RSI is capped by a declining trend line.
#AUD/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 0.7805
Most Likely Scenario: long positions above 0.7805 with targets at 0.7855 & 0.7875 in extension.
Alternative scenario: below 0.7805 look for further downside with 0.7785 & 0.7770 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#Gold spot Intraday: the RSI advocates for further advance.
Pivot: 1289.50
Most Likely Scenario: long positions above 1289.50 with targets at 1301.00 & 1306.00 in extension.
Alternative scenario: below 1289.50 look for further downside with 1284.00 & 1281.00 as targets.
Comment: the RSI advocates for further advance.
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