Pre European Open, Daily Technical Analysis Wednesday, September 11, 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: 1.3215. Most Likely Scenario: LONG positions above 1.3215 with 1.329 & 1.3315 as next targets. Alternative scenario: The downside breakout of 1.3215 will open the way to 1.319 & 1.3155. Comment: the pair is facing a pull back on its support ahead of further advance. GBP/USD intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 1.5680. Most Likely Scenario: LONG positions above 1.568 with 1.5745 & 1.577 in sight. Alternative scenario: The downside penetration of 1.568 will call for 1.564 & 1.56. Comment: the pair remains on the upside and is challenging its resistance. USD/JPY intraday: the upside prevails. Prev Prev arrow Next Next arrow Pivot: 100.10. Most Likely Scenario: LONG positions above 100.1 with targets @ 100.8 & 101.25. Alternative scenario: The downside penetration of 100.1 will call for 99.75 & 99.3. Comment: the pair has rebounded on its new support and remains on the upside. AUD/USD intraday: supported by a rising trend line. Prev Prev arrow Next Next arrow Pivot: 0.924 Most Likely Scenario: Long positions above 0.924 with targets @ 0.934 & 0.943 in extension. Alternative scenario: Below 0.924 look for further downside with 0.918 & 0.911 as targets. Comment: the pair is supported by a rising trend line. GOLD (Spot) intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 1371.00 Most Likely Scenario: SHORT positions below 1371 with 1356 & 1347 in sight. Alternative scenario: The upside penetration of 1371 will call for a rebound towards 1379 & 1393. Comment: as long as the resistance at 1371 is not surpassed, the risk of the break below 1356 remains high. Crude Oil (Oct 13) intraday: the downside prevails. Prev Prev arrow Top Top arrow Pivot: 108.00 Most Likely Scenario: SHORT positions below 108 with targets @ 106.4 & 105.6. Alternative scenario: The upside penetration of 108 will call for 108.9 & 109.75. Comment: the RSI is below its neutrality area at 50%
Posted on: Wed, 11 Sep 2013 09:39:47 +0000
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