Pre European Open, Daily Technical Analysis Monday, February 15, 2016
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: 1.1260
Most Likely Scenario: short positions below 1.1260 with targets @ 1.1185 & 1.1155 in extension.
Alternative scenario: above 1.1260 look for further upside with 1.1300 & 1.1320 as targets.
Comment: the RSI is capped by a declining trend line.
[You must be registered and logged in to see this image.]GBP/USD Intraday: the bias remains bullish. Pivot: 1.4440
Most Likely Scenario: long positions above 1.4440 with targets @ 1.4570 & 1.4615 in extension.
Alternative scenario: below 1.4440 look for further downside with 1.4380 & 1.4320 as targets.
Comment: the RSI is well directed.
[You must be registered and logged in to see this image.]USD/JPY Intraday: the upside prevails.Pivot: 113.00
Most Likely Scenario: long positions above 113.00 with targets @ 114.25 & 115.25 in extension.
Alternative scenario: below 113.00 look for further downside with 112.35 & 111.60 as targets.
Comment: the RSI is bullish and calls for further advance.
[You must be registered and logged in to see this image.]AUD/USD Intraday: the upside prevails. Pivot: 0.7105
Most Likely Scenario: long positions above 0.7105 with targets @ 0.7200 & 0.7225 in extension.
Alternative scenario: below 0.7105 look for further downside with 0.7060 & 0.7025 as targets.
Comment: the RSI is well directed.
[You must be registered and logged in to see this image.]Gold spot Intraday: under pressure. Pivot: 1235.00
Most Likely Scenario: short positions below 1235.00 with targets @ 1205.00 & 1194.00 in extension.
Alternative scenario: above 1235.00 look for further upside with 1246.00 & 1258.00 as targets.
Comment: the RSI is bearish and calls for further downside.
[You must be registered and logged in to see this image.]Crude Oil (WTI) (H6) Intraday: continuation of the rebound. Pivot: 27.80
Most Likely Scenario: long positions above 27.80 with targets @ 29.80 & 30.60 in extension.
Alternative scenario: below 27.80 look for further downside with 26.95 & 26.00 as targets.
Comment: the RSI is bullish and calls for further upside.
[You must be registered and logged in to see this image.]Copyright
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