Pre European Open, Daily Technical Analysis Wednesday, September - TopicsExpress



          

Pre European Open, Daily Technical Analysis Wednesday, September 04, 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: capped by a negative trend line. Prev Prev arrow Next Next arrow Pivot: 1.3180. Most Likely Scenario: SHORT positions below 1.318 with 1.314 & 1.312 as next targets. Alternative scenario: The upside breakout of 1.318 will open the way to 1.32 & 1.3225. Comment: the pair remains capped by a declining trend line, the RSI stands below its neutrality area. GBP/USD intraday: bullish bias above 1.5525 Prev Prev arrow Next Next arrow Pivot: 1.5525. Most Likely Scenario: LONG positions above 1.5525 with 1.558 & 1.5605 in sight. Alternative scenario: The downside breakout of 1.5525 will open the way to 1.55 & 1.546. Comment: the pair stands above its support and remains on the upside as the RSI is well directed. USD/JPY intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 99.15. Most Likely Scenario: LONG positions @ 99.3 with 99.95 & 100.45 in sight. Alternative scenario: The downside breakout of 99.15 will open the way to 98.75 & 98.45. Comment: the pair remains on the upside and is challenging its previous intraday high. AUD/USD intraday: supported by a rising trend line. Prev Prev arrow Next Next arrow Pivot: 0.9045 Most Likely Scenario: Long @ 0.9075 with targets @ 0.913 & 0.916 in extension. Alternative scenario: Below 0.9045 look for further downside with 0.9005 & 0.897 as targets. Comment: the pair is supported by a rising trend line and intraday technical indicators are on the upside. GOLD (Spot) intraday: bullish bias above 1398 Prev Prev arrow Next Next arrow Pivot: 1398.00 Most Likely Scenario: LONG positions above 1398 with targets @ 1423 & 1434. Alternative scenario: The downside penetration of 1398 will call for a slide towards 1385 & 1374. Comment: the RSI is above its neutrality area at 50%. The 50 moving average is ascending and is possible area of support. Crude Oil (Oct 13) intraday: further advance. Prev Prev arrow Top Top arrow Pivot: 107.00 Most Likely Scenario: LONG positions above 107 with 109.15 & 110 as next targets. Alternative scenario: The downside breakout of 107 will open the way to 105.5 & 104.3. Comment: the RSI is above its neutrality area at 50%.
Posted on: Wed, 04 Sep 2013 08:43:24 +0000

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