Wednesday, September 8, 2010

Forex Solution

9 January 2014, Thursday - New Updates
 EUR/USD intraday: under pressure.

Pivot: 1.362
Our preference: Short positions below 1.362 with targets @ 1.357 & 1.355 in extension.

Alternative scenario: Above 1.362 look for further upside with 1.3655 & 1.368 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

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 GBP/USD intraday: the upside prevails.


Pivot: 1.642
Our preference: Long positions above 1.642 with targets @ 1.6475 & 1.6525 in extension.
Alternative scenario: Below 1.642 look for further downside with 1.6395 & 1.637 as targets.
Comment: the pair remains on the upside and is challenging its resistance.

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 USD/CHF intraday: the upside prevails.

Pivot: 0.907
Our preference: Long positions above 0.907 with targets @ 0.91 & 0.9125 in extension.

Alternative scenario: Below 0.907 look for further downside with 0.9045 & 0.9015 as targets.
Comment: the pair is rebounding above its support.

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 USD/JPY intraday: the upside prevails.


Pivot: 104.6
Our preference: Long positions above 104.6 with targets @ 105.1 & 105.4 in extension.
Alternative scenario: Below 104.6 look for further downside with 104.2 & 104 as targets.
Comment: the pair has validated a continuation triangle pattern and the RSI is supported by a rising trend line.

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 AUD/USD intraday: key ST resistance at 0.8915.

Pivot: 0.8915
Our preference: Short positions below 0.8915 with targets @ 0.8855 & 0.8835 in extension.
Alternative scenario: Above 0.8915 look for further upside with 0.8955 & 0.898 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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 Gold spot intraday: the downside prevails.

Pivot: 1236.00
Our preference: SHORT positions below 1236 with 1215 & 1204 in sight.
Alternative scenario: The upside breakout of 1236 will open the way to 1245 & 1252.

Comment: as long as 1236 is resistance, look for choppy price action with a bearish bias.

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 Silver spot intraday: the downside prevails.

Pivot: 19.95
Our preference: SHORT positions below 19.95 with 19.14 & 18.65 as next targets.
Alternative scenario: The upside penetration of 19.95 will call for 20.34 & 20.6.

Comment: as long as 19.95 is resistance, look for choppy price action with a bearish bias.

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 Crude Oil (Feb 14) intraday: the downside prevails.

Pivot: 93.55
Our preference: SHORT positions below 93.55 with targets @ 92.1 & 91.3.
Alternative scenario: The upside penetration of 93.55 will call for a rebound towards 94.2 & 95.2.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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9 January 2014, Thursday


EUR/USD Intraday: under pressure.

Pivot: 1.362
Our preference: Short positions below 1.362 with targets @ 1.355 & 1.3525 in extension.
Alternative scenario: Above 1.362 look for further upside with 1.3655 & 1.368 as targets.
Comment: The pair is posting a rebound but stands below its resistance.

Next 

 GBP/USD Intraday: the upside prevails.

Pivot: 1.642
Our preference: Long positions above 1.642 with targets @ 1.6475 & 1.6525 in extension.
Alternative scenario: Below 1.642 look for further downside with 1.6395 & 1.637 as targets.
Comment: The pair stands above its new support and remains on the upside.

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 USD/CHF Intraday: the upside prevails.

Pivot: 0.907
Our preference: Long positions above 0.907 with targets @ 0.9135 & 0.9155 in extension.
Alternative scenario: Below 0.907 look for further downside with 0.9045 & 0.9015 as targets.
Comment: The pair stands above its strong support and remains on the upside.

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 USD/JPY Intraday: the upside prevails.

Pivot: 104.6
Our preference: Long positions above 104.6 with targets @ 105.1 & 105.4 in extension.
Alternative scenario: Below 104.6 look for further downside with 104.2 & 104 as targets.
Comment: the RSI is supported by a bullish trend line.

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 AUD/USD Intraday: key resistance at 0.8915.

Pivot: 0.8915
Our preference: Short positions below 0.8915 with targets @ 0.8855 & 0.8835 in extension.
Alternative scenario: Above 0.8915 look for further upside with 0.8955 & 0.898 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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 Gold spot Intraday: under pressure.

Pivot: 1236
Our preference: Short positions below 1236 with targets @ 1215 & 1204 in extension.
Alternative scenario: Above 1236 look for further upside with 1245 & 1252 as targets.
Comment: as long as 1236 is resistance, look for choppy price action with a bearish bias.

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 Silver spot Intraday: the downside prevails.

Pivot: 19.95
Our preference: Short positions below 19.95 with targets @ 19.14 & 18.65 in extension.
Alternative scenario: Above 19.95 look for further upside with 20.34 & 20.6 as targets.
Comment: as long as 19.95 is resistance, look for choppy price action with a bearish bias.

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 Crude Oil (NYMEX) (Feb 14) Intraday: under pressure.

Pivot: 94.2
Our preference: Short positions below 94.2 with targets @ 92.1 & 91.3 in extension.
Alternative scenario: Above 94.2 look for further upside with 95.2 & 96.5 as targets.
Comment: as long as 94.2 is resistance, look for choppy price action with a bearish bias.

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