10/20/2011 06:34:00 PM | Posted by Unknown
EUR/USD intraday: rebound.
Pivot: 1.37
Most Likely Scenario: Long positions above 1.37 with targets @ 1.3855 & 1.3915 in extension.
Alternative scenario: Below 1.37 look for further downside with 1.3655 & 1.358 as targets.
Comment: the pair has rebounded on its support and has validated a falling wedge.
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GBP/USD intraday: further advance. |
Pivot: 1.57
Most Likely Scenario: Long positions above 1.57 with targets @ 1.582 & 1.585 in extension.
Alternative scenario: Below 1.57 look for further downside with 1.563 & 1.5585 as targets.
Comment: the pair has broken above its channel upper boundary and should post further advance.
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USD/JPY intraday: under pressure. |
Pivot: 77
Most Likely Scenario: Short positions below 77 with targets @ 76.6 & 76.4 in extension.
Alternative scenario: Above 77 look for further upside with 77.2 & 77.5 as targets.
Comment: the pair has struck against its resistance and remains under pressure, the RSI is capped by a ST declining trend line.
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AUD/USD intraday: continuation of the rebound. |
Pivot: 1.02
Most Likely Scenario: Long positions above 1.02 with targets @ 1.035 & 1.0375 in extension.
Alternative scenario: Below 1.02 look for further downside with 1.012 & 1.002 as targets.
Comment: the RSI calls for a rebound.
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GOLD (Spot) intraday: up turn. |
Pivot: 1615.00
Most Likely Scenario: LONG positions above 1615 with 1640 & 1645 in sight.
Alternative scenario: The downside penetration of 1615 will call for 1600 & 1595.
Comment: the RSI has just broken above a declining trend line.
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