28 January 2014, Tuesday

Technical Analysis ( Time +5: 30 GMT - 1:00 PM )

EUR/USD Intraday: the upside prevails. Pivot: 1.3645 Our preference: Long positions above 1.3645 with targets @ 1.3715 & 1.374 in extension. Alternative scenario: Below 1.3645 look for further downside with 1.362 & 1.358 as targets. Comment: The pair is rebounding above its support and remains on the upside. Next

GBP/USD Intraday: the upside prevails. Pivot: 1.654 Our preference: Long positions above 1.654 with targets @ 1.662 & 1.6665 in extension. Alternative scenario: Below 1.654 look for further downside with 1.651 & 1.647 as targets. Comment: The pair remains on the upside and is approaching its next resistance.  Previous |  Next

USD/CHF Intraday: under pressure. Pivot: 0.899 Our preference: Short positions below 0.899 with targets @ 0.8925 & 0.89 in extension. Alternative scenario: Above 0.899 look for further upside with 0.9015 & 0.904 as targets. Comment: The pair is posting a rebound but stands below its resistance.  Previous |  Next

USD/JPY Intraday: under pressure. Pivot: 103.05 Our preference: Short positions below 103.05 with targets @ 102.25 & 101.9 in extension. Alternative scenario: Above 103.05 look for further upside with 103.55 & 103.8 as targets. Comment: as long as the resistance at 103.05 is not surpassed, the risk of the break below 102.25 remains high.  Previous |  Next

AUD/USD Intraday: continuation of the rebound. Pivot: 0.872 Our preference: Long positions above 0.872 with targets @ 0.8825 & 0.8855 in extension. Alternative scenario: Below 0.872 look for further downside with 0.8655 & 0.86 as targets. Comment: The pair is supported by its ascending 50-period moving average (in blue).  Previous |  Next

Gold spot Intraday: key resistance at 1265. Pivot: 1265 Our preference: Short positions below 1265 with targets @ 1244 & 1231 in extension. Alternative scenario: Above 1265 look for further upside with 1279 & 1293 as targets. Comment: the upward potential is likely to be limited by the resistance at 1265.  Previous |  Next

Silver spot Intraday: the downside prevails. Pivot: 20.3 Our preference: Short positions below 20.3 with targets @ 19.3 & 19 in extension. Alternative scenario: Above 20.3 look for further upside with 20.6 & 20.95 as targets. Comment: as long as 20.3 is resistance, likely decline to 19.3.  Previous |  Next

Crude Oil (NYMEX) (Mar 14) Intraday: under pressure. Pivot: 96.4 Our preference: Short positions below 96.4 with targets @ 94.35 & 93.75 in extension. Alternative scenario: Above 96.4 look for further upside with 97.8 & 99.05 as targets. Comment: the RSI is capped by a bearish trend line.  Previous

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Daily Technical Levels Tuesday, January 28, 2014 EUR/USD  |   GBP/USD  |   USD/CHF  |   USD/JPY  |   AUD/USD  |   GOLD  |   SILVER  |   CRUDE OIL

EUR/USD Intraday: under pressure. Pivot: 1.3685 Our preference: Short positions below 1.3685 with targets @ 1.362 & 1.358 in extension. Alternative scenario: Above 1.3685 look for further upside with 1.3715 & 1.374 as targets. Comment: The pair stands below its new resistance and remains on the downside. Next     GBP/USD Intraday: under pressure. Pivot: 1.662 Our preference: Short positions below 1.662 with targets @ 1.651 & 1.647 in extension. Alternative scenario: Above 1.662 look for further upside with 1.6665 & 1.672 as targets. Comment: The pair has broken below its support and remains under pressure.  Previous |  Next     USD/CHF Intraday: rebound. Pivot: 0.895 Our preference: Long positions above 0.895 with targets @ 0.9015 & 0.904 in extension. Alternative scenario: Below 0.895 look for further downside with 0.8925 & 0.89 as targets. Comment: The pair is rebounding and is breaking above its resistance.  Previous |  Next     USD/JPY Intraday: the upside prevails. Pivot: 102.45 Our preference: Long positions above 102.45 with targets @ 103.55 & 103.8 in extension. Alternative scenario: Below 102.45 look for further downside with 102.25 & 101.9 as targets. Comment: The pair has broken above its resistance and remains on the upside.  Previous |  Next     AUD/USD Intraday: further upside. Pivot: 0.876 Our preference: Long positions above 0.876 with targets @ 0.8825 & 0.8855 in extension. Alternative scenario: Below 0.876 look for further downside with 0.872 & 0.8655 as targets. Comment: the RSI is bullish and calls for further advance. The pair is supported by its ascending 50-period moving average (in blue).  Previous |  Next     Gold spot Intraday: the downside prevails. Pivot: 1265 Our preference: Short positions below 1265 with targets @ 1244 & 1231 in extension. Alternative scenario: Above 1265 look for further upside with 1279 & 1293 as targets. Comment: technically, the RSI is below its neutrality area at 50.  Previous |  Next     Silver spot Intraday: the downside prevails. Pivot: 20.05 Our preference: Short positions below 20.05 with targets @ 19.3 & 19 in extension. Alternative scenario: Above 20.05 look for further upside with 20.3 & 20.6 as targets. Comment: as long as 20.05 is resistance, likely decline to 19.3.  Previous |  Next     Crude Oil (NYMEX) (Mar 14) Intraday: the downside prevails. Pivot: 96.4 Our preference: Short positions below 96.4 with targets @ 95.25 & 94.35 in extension. Alternative scenario: Above 96.4 look for further upside with 97.8 & 99.05 as targets. Comment: the upward potential is likely to be limited by the resistance at 96.4.  Previous