Dear Customers,
Daily Technical Analysis Mon, Oct 09, 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: the upside prevails.
Pivot: 1.1715
Most Likely Scenario: long positions above 1.1715 with targets at 1.1750 & 1.1765 in extension.
Alternative scenario: below 1.1715 look for further downside with 1.1700 & 1.1685 as targets.
Comment: the RSI shows upside momentum.
Pivot: 1.1715
Most Likely Scenario: long positions above 1.1715 with targets at 1.1750 & 1.1765 in extension.
Alternative scenario: below 1.1715 look for further downside with 1.1700 & 1.1685 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: the upward potential is likely to be limited by the resistance at 1.3105.
Pivot: 1.3105
Most Likely Scenario: short positions below 1.3105 with targets at 1.3055 & 1.3030 in extension.
Alternative scenario: above 1.3105 look for further upside with 1.3150 & 1.3185 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3105.
Pivot: 1.3105
Most Likely Scenario: short positions below 1.3105 with targets at 1.3055 & 1.3030 in extension.
Alternative scenario: above 1.3105 look for further upside with 1.3150 & 1.3185 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3105.
#USD/JPY Intraday: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets at 112.30 & 112.00 in extension.
Alternative scenario: above 112.85 look for further upside with 113.10 & 113.45 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets at 112.30 & 112.00 in extension.
Alternative scenario: above 112.85 look for further upside with 113.10 & 113.45 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
#AUD/USD Intraday: as long as the resistance at 0.7785 is not surpassed, the risk of the break below 0.7755 remains high.
Pivot: 0.7785
Most Likely Scenario: short positions below 0.7785 with targets at 0.7755 & 0.7730 in extension.
Alternative scenario: above 0.7785 look for further upside with 0.7810 & 0.7835 as targets.
Comment: as long as the resistance at 0.7785 is not surpassed, the risk of the break below 0.7755 remains high.
Pivot: 0.7785
Most Likely Scenario: short positions below 0.7785 with targets at 0.7755 & 0.7730 in extension.
Alternative scenario: above 0.7785 look for further upside with 0.7810 & 0.7835 as targets.
Comment: as long as the resistance at 0.7785 is not surpassed, the risk of the break below 0.7755 remains high.
#Gold spot Intraday: the RSI is mixed with a bullish bias.
Pivot: 1275.00
Most Likely Scenario: long positions above 1275.00 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario: below 1275.00 look for further downside with 1270.00 & 1266.50 as targets.
Comment: the RSI is mixed with a bullish bias.
Pivot: 1275.00
Most Likely Scenario: long positions above 1275.00 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario: below 1275.00 look for further downside with 1270.00 & 1266.50 as targets.
Comment: the RSI is mixed with a bullish bias.
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