Tuesday, 31 January 2017

Crude Oil (WTI) (H7) Intraday: the downside prevails.

Crude Oil (WTI) (H7) Intraday: the downside prevails.

Crude Oil (WTI) (H7) Intraday: the downside prevails.
Pivot: 52.80

Most Likely Scenario: short positions below 52.80 with targets at 52.06 & 51.80 in extension.

Alternative scenario: above 52.80 look for further upside with 53.05 & 53.25 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Gold spot Intraday: bullish bias above 1193.00.

Gold spot Intraday: bullish bias above 1193.00.

Gold spot Intraday: bullish bias above 1193.00.
Pivot: 1193.00

Most Likely Scenario: long positions above 1193.00 with targets at 1203.00 & 1206.00 in extension.

Alternative scenario: below 1193.00 look for further downside with 1188.00 & 1181.50 as targets.

Comment: a support base at 1193.00 has formed and has allowed for a temporary stabilisation.

AUD/USD Intraday: under pressure.

AUD/USD Intraday: under pressure.

AUD/USD Intraday: under pressure.
Pivot: 0.7580

Most Likely Scenario: short positions below 0.7580 with targets at 0.7540 & 0.7525 in extension.

Alternative scenario: above 0.7580 look for further upside with 0.7595 & 0.7610 as targets.

Comment: the RSI is mixed to bearish.

USD/JPY Intraday: rebound.

USD/JPY Intraday: rebound.

USD/JPY Intraday: rebound.
Pivot: 113.30

Most Likely Scenario: long positions above 113.30 with targets at 114.25 & 114.50 in extension.

Alternative scenario: below 113.30 look for further downside with 113.00 & 112.55 as targets.

Comment: the RSI shows upside momentum.

GBP/USD Intraday: key resistance at 1.2520.

GBP/USD Intraday: key resistance at 1.2520.

GBP/USD Intraday: key resistance at 1.2520.

  Pivot: 1.2520

Most Likely Scenario: short positions below 1.2520 with targets at 1.2375 & 1.2300 in extension.

Alternative scenario: above 1.2520 look for further upside with 1.2560 & 1.2600 as targets.

Comment: the RSI shows downside momentum.

EUR/USD Intraday: the bias remains bullish.

EUR/USD Intraday: the bias remains bullish.


EUR/USD Intraday: the bias remains bullish.
EUR/USD Intraday: the bias remains bullish.
   
  Pivot: 1.0680

Most Likely Scenario: long positions above 1.0680 with targets at 1.0740 & 1.0765 in extension.

Alternative scenario: below 1.0680 look for further downside with 1.0655 & 1.0640 as targets.

Comment: the RSI shows upside momentum.