23 January 2014, Thursday ( Time +5:30 GMT - 1:00 PM )

Daily Technical Level

EUR/USD Intraday: under pressure. Pivot: 1.358 Our preference: Short positions below 1.358 with targets @ 1.3505 & 1.3445 in extension. Alternative scenario: Above 1.358 look for further upside with 1.362 & 1.3645 as targets. Comment: The pair has struck against its resistance but remains under pressure. Next

GBP/USD Intraday: supported by a rising trend line. Pivot: 1.649 Our preference: Long positions above 1.649 with targets @ 1.661 & 1.665 in extension. Alternative scenario: Below 1.649 look for further downside with 1.645 & 1.6395 as targets. Comment: The pair stands above its support and remains supported by a rising trend line.  Previous |  Next

USD/CHF Intraday: the upside prevails. Pivot: 0.908 Our preference: Long positions above 0.908 with targets @ 0.9155 & 0.9185 in extension. Alternative scenario: Below 0.908 look for further downside with 0.9055 & 0.9035 as targets. Comment: the RSI lacks downward momentum.  Previous |  Next

USD/JPY Intraday: the upside prevails. Pivot: 104.2 Our preference: Long positions above 104.2 with targets @ 104.75 & 104.9 in extension. Alternative scenario: Below 104.2 look for further downside with 103.9 & 103.5 as targets. Comment: The pair stands above its support.  Previous |  Next

AUD/USD Intraday: under pressure. Pivot: 0.8855 Our preference: Short positions below 0.8855 with targets @ 0.877 & 0.8735 in extension. Alternative scenario: Above 0.8855 look for further upside with 0.8885 & 0.892 as targets. Comment: The pair has plunged through a key support and remains on the downside.  Previous |  Next

Gold spot Intraday: the downside prevails. Pivot: 1244 Our preference: Short positions below 1244 with targets @ 1227 & 1219 in extension. Alternative scenario: Above 1244 look for further upside with 1251 & 1257 as targets. Comment: a break below 1227 would trigger a drop towards 1219.  Previous |  Next

Silver spot Intraday: the downside prevails. Pivot: 19.95 Our preference: Short positions below 19.95 with targets @ 19.6 & 19.3 in extension. Alternative scenario: Above 19.95 look for further upside with 20.18 & 20.4 as targets. Comment: as long as the resistance at 19.95 is not surpassed, the risk of the break below 19.6 remains high.  Previous |  Next

Crude Oil (NYMEX) (Mar 14) Intraday: further advance. Pivot: 95.05 Our preference: Long positions above 95.05 with targets @ 97.1 & 98.25 in extension. Alternative scenario: Below 95.05 look for further downside with 93.65 & 93.1 as targets. Comment: the RSI is mixed with a bullish bias.  Previous