Pre European Open, Daily Technical Analysis Monday, September 16, - TopicsExpress



          

Pre European Open, Daily Technical Analysis Monday, September 16, 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: further advance. Prev Prev arrow Next Next arrow Pivot: 1.3310. Most Likely Scenario: LONG positions above 1.331 with targets @ 1.339 & 1.341. Alternative scenario: The downside penetration of 1.331 will call for 1.325 & 1.322. Comment: the pair stands above its new support and remains on the upside. GBP/USD intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 1.5830. Most Likely Scenario: LONG positions above 1.583 with 1.597 & 1.6035 in sight. Alternative scenario: The downside breakout of 1.583 will open the way to 1.577 & 1.5735. Comment: the pair has broken above its resistance and remains on the upside. USD/JPY intraday: under pressure. Prev Prev arrow Next Next arrow Pivot: 99.35. Most Likely Scenario: SHORT positions below 99.35 with 98.7 & 98.5 as next targets. Alternative scenario: The upside breakout of 99.35 will open the way to 99.55 & 99.95. Comment: the pair stands below its new resistance and remains under pressure. AUD/USD intraday: further advance. Prev Prev arrow Next Next arrow Pivot: 0.9275 Most Likely Scenario: Long positions above 0.9275 with targets @ 0.935 & 0.939 in extension. Alternative scenario: Below 0.9275 look for further downside with 0.923 & 0.918 as targets. Comment: the 0.9275 former resistance is expected to act as a support. GOLD (Spot) intraday: bounce. Prev Prev arrow Next Next arrow Pivot: 1307.00 Most Likely Scenario: LONG positions above 1307 with 1343 & 1357 in sight. Alternative scenario: The downside penetration of 1307 will call for a slide towards 1297 & 1288. Comment: a double bottom has formed and calls for a recovery. Crude Oil (Nov 13) intraday: the downside prevails. Prev Prev arrow Top Top arrow Pivot: 107.15 Most Likely Scenario: SHORT positions below 107.15 with 106.45 & 106.05 as next targets. Alternative scenario: The upside penetration of 107.15 will call for 107.5 & 107.95. Comment: the RSI is mixed to bearish.
Posted on: Mon, 16 Sep 2013 08:07:30 +0000

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