Sunday, January 12, 2014

Technical Analysis - EUR/USD | GBP/USD | USD/CHF | USD/JPY | AUD/USD | GOLD | SILVER | CRUDE OIL

Technical Analysis - 13 January 2014, Friday



EUR/USD Intraday: the upside prevails.

Pivot: 1.362
Our preference: Long positions above 1.362 with targets @ 1.3685 & 1.371 in extension.
Alternative scenario: Below 1.362 look for further downside with 1.3575 & 1.355 as targets.
Comment: The pair remains on the upside and is challenging its resistance.

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 GBP/USD Intraday: bullish bias above 1.644.

Pivot: 1.644
Our preference: Long positions above 1.644 with targets @ 1.6515 & 1.6545 in extension.
Alternative scenario: Below 1.644 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: under pressure.

Pivot: 0.907
Our preference: Short positions below 0.907 with targets @ 0.8985 & 0.897 in extension.
Alternative scenario: Above 0.907 look for further upside with 0.91 & 0.9125 as targets.
Comment: the RSI is mixed to bearish.

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 USD/JPY Intraday: the downside prevails.

Pivot: 104.2
Our preference: Short positions below 104.2 with targets @ 103.1 & 102.8 in extension.
Alternative scenario: Above 104.2 look for further upside with 104.7 & 105.05 as targets.
Comment: The pair stands below its resistance and remains under pressure.

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 AUD/USD Intraday: the upside prevails.

Pivot: 0.895
Our preference: Long positions above 0.895 with targets @ 0.904 & 0.907 in extension.
Alternative scenario: Below 0.895 look for further downside with 0.8915 & 0.8855 as targets.
Comment: the RSI is well directed.

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 Gold spot Intraday: the upside prevails.

Pivot: 1238
Our preference: Long positions above 1238 with targets @ 1260 & 1267 in extension.
Alternative scenario: Below 1238 look for further downside with 1227 & 1218 as targets.
Comment: the RSI is bullish and calls for further advance.

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 Silver spot Intraday: bullish bias above 19.85.

Pivot: 19.85
Our preference: Long positions above 19.85 with targets @ 20.47 & 20.6 in extension.
Alternative scenario: Below 19.85 look for further downside with 19.64 & 19.5 as targets.
Comment: the RSI is supported by a bullish trend line.

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 Crude Oil (NYMEX) (Feb 14) Intraday: capped by a negative trend line.

Pivot: 92.95
Our preference: Short positions below 92.95 with targets @ 91.2 & 90.3 in extension.
Alternative scenario: Above 92.95 look for further upside with 93.55 & 94.2 as targets.
Comment: the upward potential is likely to be limited by the resistance at 92.95.

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