Daily Technical Analysis Tue, Oct 10, 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 bias remains bullish.
Pivot: 1.1735
Most Likely Scenario: long positions above 1.1735 with targets at 1.1780 & 1.1800 in extension.
Alternative scenario: below 1.1735 look for further downside with 1.1720 & 1.1700 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1.3125
Most Likely Scenario: long positions above 1.3125 with targets at 1.3185 & 1.3225 in extension.
Alternative scenario: below 1.3125 look for further downside with 1.3105 & 1.3070 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#USD/JPY Intraday: a support base at 112.50 has formed and has allowed for a temporary stabilisation.
Pivot: 112.50
Most Likely Scenario: long positions above 112.50 with targets at 112.90 & 113.10 in extension.
Alternative scenario: below 112.50 look for further downside with 112.30 & 112.10 as targets.
Comment: a support base at 112.50 has formed and has allowed for a temporary stabilisation.
#AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7745
Most Likely Scenario: long positions above 0.7745 with targets at 0.7800 & 0.7820 in extension.
Alternative scenario: below 0.7745 look for further downside with 0.7730 & 0.7710 as targets.
Comment: the RSI shows upside momentum.
#Gold spot Intraday: the RSI shows upside momentum.
Pivot: 1282.00
Most Likely Scenario: long positions above 1282.00 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario: below 1282.00 look for further downside with 1279.00 & 1275.00 as targets.
Comment: the RSI shows upside momentum.
Pivot: 1.1735
Most Likely Scenario: long positions above 1.1735 with targets at 1.1780 & 1.1800 in extension.
Alternative scenario: below 1.1735 look for further downside with 1.1720 & 1.1700 as targets.
Comment: the RSI shows upside momentum.
#GBP/USD Intraday: technically the RSI is above its neutrality area at 50.
Pivot: 1.3125
Most Likely Scenario: long positions above 1.3125 with targets at 1.3185 & 1.3225 in extension.
Alternative scenario: below 1.3125 look for further downside with 1.3105 & 1.3070 as targets.
Comment: technically the RSI is above its neutrality area at 50.
#USD/JPY Intraday: a support base at 112.50 has formed and has allowed for a temporary stabilisation.
Pivot: 112.50
Most Likely Scenario: long positions above 112.50 with targets at 112.90 & 113.10 in extension.
Alternative scenario: below 112.50 look for further downside with 112.30 & 112.10 as targets.
Comment: a support base at 112.50 has formed and has allowed for a temporary stabilisation.
#AUD/USD Intraday: the RSI shows upside momentum.
Pivot: 0.7745
Most Likely Scenario: long positions above 0.7745 with targets at 0.7800 & 0.7820 in extension.
Alternative scenario: below 0.7745 look for further downside with 0.7730 & 0.7710 as targets.
Comment: the RSI shows upside momentum.
#Gold spot Intraday: the RSI shows upside momentum.
Pivot: 1282.00
Most Likely Scenario: long positions above 1282.00 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario: below 1282.00 look for further downside with 1279.00 & 1275.00 as targets.
Comment: the RSI shows upside momentum.
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