Monday, January 13, 2014

Technical Analysis - Updates

13 January 2014, Monday

 EUR/USD Intraday: the upside prevails.

Pivot: 1.363
Our preference: Long positions above 1.363 with targets @ 1.3685 & 1.371 in extension.
Alternative scenario: Below 1.363 look for further downside with 1.36 & 1.3575 as targets.


Comment: The pair remains on the upside and is challenging its resistance.


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 GBP/USD Intraday: under pressure.

Pivot: 1.6475
Our preference: Short positions below 1.6475 with targets @ 1.6395 & 1.637 in extension.
Alternative scenario: Above 1.6475 look for further upside with 1.6515 & 1.6545 as targets.


Comment: the RSI is mixed to bearish.


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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 lacks upward momentum.


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 USD/JPY Intraday: the downside prevails.

Pivot: 103.85
Our preference: Short positions below 103.85 with targets @ 103.1 & 102.8 in extension.
Alternative scenario: Above 103.85 look for further upside with 104.2 & 104.7 as targets.
Comment: The pair stands below its new resistance and remains under pressure.


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 AUD/USD Intraday: the upside prevails.

Pivot: 0.898
Our preference: Long positions above 0.898 with targets @ 0.907 & 0.91 in extension.
Alternative scenario: Below 0.898 look for further downside with 0.895 & 0.8915 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 supported by a rising trend line.


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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 lacks downward momentum.


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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: technically, the RSI is below its neutrality area at 50. 


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