Intraday Technical Analysis

15 January 2014, Wednesday (Time 5:30 GMT - 1:00 PM)

EUR/USD Intraday: under pressure. Pivot: 1.367 Our preference: Short @ 1.3655 with targets @ 1.36 & 1.3575 in extension. Alternative scenario: Above 1.367 look for further upside with 1.3685 & 1.371 as targets. Comment: The pair has broken below its support and remains under pressure. Next

GBP/USD Intraday: the bias remains bullish. Pivot: 1.639 Our preference: Long positions above 1.639 with targets @ 1.6465 & 1.6515 in extension. Alternative scenario: Below 1.639 look for further downside with 1.636 & 1.633 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.  Previous |  Next

USD/CHF Intraday: the upside prevails. Pivot: 0.902 Our preference: Long @ 0.9035 with targets @ 0.907 & 0.91 in extension. Alternative scenario: Below 0.902 look for further downside with 0.8985 & 0.897 as targets. Comment: the RSI is well directed.  Previous |  Next

USD/JPY Intraday: the upside prevails. Pivot: 103.8 Our preference: Long @ 103.95 with targets @ 104.7 & 105.05 in extension. Alternative scenario: Below 103.8 look for further downside with 103.5 & 103.2 as targets. Comment: The pair remains on the upside and is challenging its resistance.  Previous |  Next

AUD/USD Intraday: under pressure. Pivot: 0.897 Our preference: Short positions below 0.897 with targets @ 0.891 & 0.8875 in extension. Alternative scenario: Above 0.897 look for further upside with 0.9015 & 0.9045 as targets. Comment: The pair remains under pressure and is challenging its support.  Previous |  Next

Gold spot Intraday: caution. Pivot: 1238 Our preference: Long positions above 1238 with targets @ 1255 & 1267 in extension. Alternative scenario: Below 1238 look for further downside with 1227 & 1218 as targets. Comment: investors have to remain cautious since these levels may trigger profit taking.  Previous |  Next

Silver spot Intraday: under pressure. Pivot: 20.2 Our preference: Short positions below 20.2 with targets @ 19.93 & 19.85 in extension. Alternative scenario: Above 20.2 look for further upside with 20.35 & 20.6 as targets. Comment: The silver broke below a bullish channel, which should open a downward path to 19.85  Previous |  Next

Crude Oil (NYMEX) (Feb 14) Intraday: continuation of the rebound. Pivot: 91.2 Our preference: Long positions above 91.2 with targets @ 93.2 & 94.2 in extension. Alternative scenario: Below 91.2 look for further downside with 90.3 & 89.8 as targets. Comment: The declining trend line is broken, changing the technical picture to bullish.  Previous