Pre European Open, Daily Technical Analysis Thursday, August 22, - TopicsExpress



          

Pre European Open, Daily Technical Analysis Thursday, August 22, 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: under pressure. Prev Prev arrow Next Next arrow Pivot: 1.3380. Most Likely Scenario: SHORT positions below 1.338 with 1.3305 & 1.327 as next targets. Alternative scenario: The upside breakout of 1.338 will open the way to 1.341 & 1.345. Comment: the pair is posting a rebound but stands below its resistance. GBP/USD intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 1.5665. Most Likely Scenario: SHORT positions below 1.5665 with 1.557 & 1.5545 as next targets. Alternative scenario: The upside penetration of 1.5665 will call for a rebound towards 1.572 & 1.575. Comment: the pair stands below its resistance and remains under pressure. USD/JPY intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 97.50. Most Likely Scenario: LONG positions above 97.5 with 98.3 & 98.65 as next targets. Alternative scenario: The downside penetration of 97.5 will call for 97.25 & 96.85. Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed. AUD/USD intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 0.9055 Most Likely Scenario: Short positions below 0.9055 with targets @ 0.893 & 0.891 in extension. Alternative scenario: Above 0.9055 look for further upside with 0.91 & 0.913 as targets. Comment: the pair is rebounding but stands below its resistance. GOLD (Spot) intraday: the bias remains bullish. Prev Prev arrow Next Next arrow Pivot: 1352.00 Most Likely Scenario: LONG positions above 1352 with 1373 & 1384 in sight. Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328. Comment: the RSI is supported by a bullish trend line. Crude Oil (Oct 13) intraday: the downside prevails. Prev Prev arrow Top Top arrow Pivot: 105.20 Most Likely Scenario: SHORT positions below 105.2 with targets @ 103.1 & 101.8. Alternative scenario: The upside penetration of 105.2 will call for 106.25 & 106.95. Comment: technically, the RSI is below its neutrality area at 50.
Posted on: Thu, 22 Aug 2013 07:46:10 +0000

Trending Topics



Recently Viewed Topics




© 2015