Wednesday, 23 November 2016

EUR/USD Intraday: the bias remains bullish.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.0565

Most Likely Scenario: long positions above 1.0565 with targets at 1.0660 & 1.0710 in extension.

Alternative scenario: below 1.0565 look for further downside with 1.0510 & 1.0460 as targets.

Comment: the RSI lacks downward momentum.
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GBP/USD Intraday: the downside prevails.

GBP/USD Intraday: the downside prevails.


Pivot: 1.2465

Most Likely Scenario: short positions below 1.2465 with targets at 1.2300 & 1.2245 in extension.

Alternative scenario: above 1.2465 look for further upside with 1.2515 & 1.2555 as targets.

Comment: the RSI shows downside momentum.

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USD/JPY Intraday: key resistance at 111.35.

USD/JPY Intraday: key resistance at 111.35.


Pivot: 111.35

Most Likely Scenario: short positions below 111.35 with targets at 110.20 & 109.80 in extension.

Alternative scenario: above 111.35 look for further upside with 112.00 & 112.65 as targets.

Comment: the RSI is mixed to bearish.

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AUD/USD Intraday: supported by a rising trend line.

AUD/USD Intraday: supported by a rising trend line.

Pivot: 0.7370

Most Likely Scenario: long positions above 0.7370 with targets at 0.7455 & 0.7500 in extension.

Alternative scenario: below 0.7370 look for further downside with 0.7340 & 0.7310 as targets.

Comment: the RSI is mixed to bullish.


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Crude Oil (WTI) (F7) Intraday: key resistance at 48.50.

Crude Oil (WTI) (F7) Intraday: key resistance at 48.50.

Pivot: 48.50

Most Likely Scenario: short positions below 48.50 with targets at 47.15 & 46.38 in extension.

Alternative scenario: above 48.50 look for further upside with 49.22 & 49.79 as targets.

Comment: the upward potential is likely to be limited by the resistance at 48.50.


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Gold spot Intraday: the bias remains bullish.

Gold spot Intraday: the bias remains bullish.


Pivot: 1205.50

Most Likely Scenario: long positions above 1205.50 with targets at 1219.25 & 1223.50 in extension.

Alternative scenario: below 1205.50 look for further downside with 1200.00 & 1190.00 as targets.

Comment: a support base at 1205.50 has formed and has allowed for a temporary stabilisation.



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Tuesday, 22 November 2016

Crude Oil (WTI) (F7) Intraday: rebound expected.

Crude Oil (WTI) (F7) Intraday: rebound expected.

Pivot: 47.90

Most Likely Scenario: long positions above 47.90 with targets at 49.79 & 50.22 in extension.

Alternative scenario: below 47.90 look for further downside with 47.15 & 46.38 as targets.

Comment: a support base at 47.90 has formed and has allowed for a temporary stabilisation.

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