Pre European Open, Daily Technical Analysis Wednesday, August 21, - TopicsExpress



          

Pre European Open, Daily Technical Analysis Wednesday, August 21, 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: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 1.3365. Most Likely Scenario: LONG positions @ 1.338 with targets @ 1.345 & 1.349. Alternative scenario: The downside breakout of 1.3365 will open the way to 1.3305 & 1.327. Comment: the pair has broken above its resistance and remains on the upside. GBP/USD intraday: the bias remains bullish. Prev Prev arrow Next Next arrow Pivot: 1.5605. Most Likely Scenario: LONG positions @ 1.5625 with targets @ 1.569 & 1.572. Alternative scenario: The downside breakout of 1.5605 will open the way to 1.557 & 1.554. Comment: the pair stands above its support and remains on the upside. USD/JPY intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 97.00. Most Likely Scenario: LONG positions above 97 with 97.85 & 98.3 as next targets. Alternative scenario: The downside breakout of 97 will open the way to 96.75 & 96.4. Comment: the pair is rebounding on its support and should post further advance, the RSI is well directed. AUD/USD intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 0.91 Most Likely Scenario: Short positions below 0.91 with targets @ 0.9 & 0.896 in extension. Alternative scenario: Above 0.91 look for further upside with 0.913 & 0.916 as targets. Comment: a break below 0.9 would trigger a drop towards 0.896. GOLD (Spot) intraday: the bias remains bullish. Prev Prev arrow Next Next arrow Pivot: 1352.00 Most Likely Scenario: LONG positions above 1352 with 1384 & 1394 as next targets. Alternative scenario: The downside penetration of 1352 will call for a slide towards 1345 & 1328. Comment: the RSI is mixed to bullish. Crude Oil (Oct 13) intraday: the downside prevails. Prev Prev arrow Top Top arrow Pivot: 106.40 Most Likely Scenario: SHORT positions below 106.4 with 104.3 & 103.1 in sight. Alternative scenario: The upside breakout of 106.4 will open the way to 107.5 & 107.9. Comment: technically, the RSI is below its neutrality area at 50.
Posted on: Wed, 21 Aug 2013 07:17:35 +0000

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