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: THE DOWNSIDE PREVAILS.Pivot: 1.2715
Most Likely Scenario: Short positions below 1.2715 with targets @ 1.2655 & 1.2635 in extension.
Alternative scenario: Above 1.2715 look for further upside with 1.2735 & 1.2775 as targets.
Comment: The pair stands below its resistance and remains capped by a declining trend line.
NEXT »GBP/USD INTRADAY: REBOUND.Pivot: 1.585
Most Likely Scenario: Long positions above 1.585 with targets @ 1.5905 & 1.5925 in extension.
Alternative scenario: Below 1.585 look for further downside with 1.583 & 1.5815 as targets.
Comment: The pair is rebounding and is breaking above its resistance.
« PREVIOUS | NEXT »USD/JPY INTRADAY: UNDER PRESSURE.Pivot: 79.6
Most Likely Scenario: Short positions below 79.6 with targets @ 79.15 & 79.05 in extension.
Alternative scenario: Above 79.6 look for further upside with 79.8 & 80.1 as targets.
Comment: The pair is rebounding but stands below its resistance.
« PREVIOUS | NEXT »AUD/USD INTRADAY: INTRADAY SUPPORT AROUND 1.0395.Pivot: 1.0395
Most Likely Scenario: Long positions above 1.0395 with targets @ 1.0445 & 1.0475 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: The RSI broke above a bearish trend line.
« PREVIOUS | NEXT »GOLD (SPOT) INTRADAY: THE DOWNSIDE PREVAILS.Pivot: 1730.00
Most Likely Scenario: SHORT positions below 1730 with 1721 & 1711 as next targets.
Alternative scenario: The upside breakout of 1730 will open the way to 1738 & 1746.
Comment: As long as the resistance at 1730 is not surpassed, the risk of the break below 1721 remains high.
« PREVIOUS | NEXT »CRUDE OIL (DEC 12) INTRADAY: THE DOWNSIDE PREVAILS.Pivot: 85.65
Most Likely Scenario: SHORT positions below 85.65 with 84.05 & 83.5 in sight.
Alternative scenario: The upside breakout of 85.65 will open the way to 86.5 & 87.3.
Comment: Technically, the RSI is below its neutrality area at 50.