FxPro - Pre US Open, Daily Technical Analysis

Daily Technical Analysis powered by Trading Central

FxPro - Pre US Open, Daily Technical Analysis   Monday, August 14, 2017

EUR/USD GBP/USD USD/JPY AUD/USD GOLD CRUDE OIL

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

Trading CFDs involves significant risk of loss   EUR/USD Intraday: the upside prevails.   Prev Next         Pivot: 1.1785 Most Likely Scenario: long positions above 1.1785 with targets at 1.1850 & 1.1870 in extension. Alternative scenario: below 1.1785 look for further downside with 1.1745 & 1.1710 as targets. Comment: the RSI lacks downward momentum.     GBP/USD Intraday: turning down.   Prev Next         Pivot: 1.3035 Most Likely Scenario: short positions below 1.3035 with targets at 1.2955 & 1.2935 in extension. Alternative scenario: above 1.3035 look for further upside with 1.3055 & 1.3080 as targets. Comment: the RSI shows downside momentum.     USD/JPY Intraday: further advance.   Prev Next         Pivot: 109.25 Most Likely Scenario: long positions above 109.25 with targets at 110.00 & 110.30 in extension. Alternative scenario: below 109.25 look for further downside with 108.85 & 108.60 as targets. Comment: the RSI is bullish and calls for further advance.     AUD/USD Intraday: under pressure.   Prev Next         Pivot: 0.7920 Most Likely Scenario: short positions below 0.7920 with targets at 0.7840 & 0.7815 in extension. Alternative scenario: above 0.7920 look for further upside with 0.7945 & 0.7965 as targets. Comment: the RSI is mixed to bearish.     Gold spot Intraday: the bias remains bullish.   Prev Next         Pivot: 1281.50 Most Likely Scenario: long positions above 1281.50 with targets at 1293.00 & 1297.00 in extension. Alternative scenario: below 1281.50 look for further downside with 1277.50 & 1274.50 as targets. Comment: a support base at 1281.50 has formed and has allowed for a temporary stabilisation.     Crude Oil (WTI) (U7) Intraday: the upside prevails.   Prev Top         Pivot: 48.30 Most Likely Scenario: long positions above 48.30 with targets at 49.10 & 49.50 in extension. Alternative scenario: below 48.30 look for further downside with 48.00 & 47.68 as targets. Comment: the RSI is mixed to bullish.   Trading CFDs involves significant risk of loss

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