Pre European Open, Daily Technical Analysis Friday, August 23, - TopicsExpress



          

Pre European Open, Daily Technical Analysis Friday, August 23, 2013 EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil Info 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: key ST resistance at 1.338 Prev Prev arrow Next Next arrow Pivot: 1.3380. Most Likely Scenario: SHORT positions below 1.338 with 1.3295 & 1.327 in sight. Alternative scenario: The upside penetration of 1.338 will call for a rebound towards 1.341 & 1.345. Comment: the pair stands below its resistance and remains under pressure, the RSI is badly directed. GBP/USD intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 1.5635. Most Likely Scenario: SHORT positions below 1.5635 with targets @ 1.5545 & 1.5515. Alternative scenario: The upside breakout of 1.5635 will open the way to 1.5665 & 1.572. Comment: the pair stands below its resistance and remains under pressure. USD/JPY intraday: the bias remains bullish. Prev Prev arrow Next Next arrow Pivot: 98.40. Most Likely Scenario: LONG positions above 98.4 with targets @ 99.1 & 99.35. Alternative scenario: The downside penetration of 98.4 will call for 98.1 & 97.75. Comment: the pair stands above its new support and remains on the upside, the RSI is well directed. AUD/USD intraday: key ST resistance at 0.9055. Prev Prev arrow Next Next arrow Pivot: 0.9055 Most Likely Scenario: Short positions below 0.9055 with targets @ 0.896 & 0.893 in extension. Alternative scenario: Above 0.9055 look for further upside with 0.91 & 0.913 as targets. Comment: as long as 0.9055 is resistance, likely decline to 0.896. GOLD (Spot) intraday: further advance. Prev Prev arrow Next Next arrow Pivot: 1359.00 Most Likely Scenario: LONG positions above 1359 with targets @ 1384 & 1394. Alternative scenario: The downside breakout of 1359 will open the way to 1352 & 1347. Comment: the RSI is mixed to bullish. Crude Oil (Oct 13) intraday: further upside. Prev Prev arrow Top Top arrow Pivot: 104.10 Most Likely Scenario: LONG positions above 104.1 with 106.25 & 106.95 in sight. Alternative scenario: The downside penetration of 104.1 will call for 103.5 & 103.1. Comment: the RSI is above its neutrality area at 50%.
Posted on: Fri, 23 Aug 2013 08:01:42 +0000

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