EUR/USD intraday: the downside prevails. Pivot: 1.3175. Our - TopicsExpress



          

EUR/USD intraday: the downside prevails. Pivot: 1.3175. Our preference: SHORT positions @ 1.316 with 1.307 & 1.305 in sight. Alternative scenario: The upside breakout of 1.3175 will open the way to 1.323 & 1.325. Comment: the pair is posting a slight rebound but stands below its resistance and remains under pressure. GBP/USD intraday: intraday support around 1.536 Pivot: 1.5360. Our preference: LONG positions above 1.536 with targets @ 1.5485 & 1.553. Alternative scenario: The downside breakout of 1.536 will open the way to 1.531 & 1.527. Comment: the pair is challenging its previous low, the RSI calls for caution. USD/CHF intraday: further advance. Pivot: 0.9290. Our preference: LONG positions above 0.929 with 0.938 & 0.9415 in sight. Alternative scenario: The downside penetration of 0.929 will call for a slide towards 0.924 & 0.92. Comment: the pair remains on the upside and is challenging its resistance. USD/JPY intraday: further upside. Pivot: 97.80. Our preference: LONG positions above 97.8 with targets @ 99.25 & 99.8. Alternative scenario: The downside penetration of 97.8 will call for a slide towards 97.3 & 96.8. Comment: the pair is breaking above its previous high and should post further advance. AUD/USD intraday: under pressure. Pivot: 0.931 Our preference: Short positions below 0.931 with targets @ 0.9125 & 0.905 in extension. Alternative scenario: Above 0.931 look for further upside with 0.938 & 0.9435 as targets. Comment: the RSI lacks upward momentum. GOLD (Spot) intraday: the downside prevails. Pivot: 1326.00 Our preference: SHORT positions below 1326 with 1270 & 1244 in sight. Alternative scenario: The upside breakout of 1326 will open the way to 1347 & 1375. Comment: the immediate trend remains down and the momentum is strong. SILVER (Spot) intraday: key ST resistance at 21.05 Pivot: 21.05 Our preference: SHORT positions below 21.05 with targets @ 19.37 & 18.45. Alternative scenario: The upside breakout of 21.05 will open the way to 21.6 & 22.5. Comment: the RSI broke below a bullish trend line. Crude Oil (Aug 13) intraday: the downside prevails. Pivot: 95.45 Our preference: SHORT positions below 95.45 with 93.15 & 92.6 as next targets. Alternative scenario: The upside breakout of 95.45 will open the way to 96.15 & 96.85. Comment: the contract is trading in a bearish channel.
Posted on: Mon, 24 Jun 2013 07:33:01 +0000

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