Technical Analysis

14 January 2014, Teusday

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 stands above its support and remains on the upside. Next

GBP/USD Intraday: the downside prevails. Pivot: 1.6435 Our preference: Short positions below 1.6435 with targets @ 1.633 & 1.63 in extension. Alternative scenario: Above 1.6435 look for further upside with 1.6475 & 1.6515 as targets. Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.  Previous |  Next

USD/CHF Intraday: the downside prevails. Pivot: 0.9035 Our preference: Short positions below 0.9035 with targets @ 0.8985 & 0.897 in extension. Alternative scenario: Above 0.9035 look for further upside with 0.907 & 0.91 as targets. Comment: The pair stands below its resistance and remains capped by a declining trend line.  Previous |  Next

USD/JPY Intraday: key resistance at 103.85. Pivot: 103.85 Our preference: Short positions below 103.85 with targets @ 102.8 & 102.5 in extension. Alternative scenario: Above 103.85 look for further upside with 104.2 & 104.7 as targets. Comment: the upward potential is likely to be limited by the resistance at 103.85.  Previous |  Next

AUD/USD Intraday: the bias remains bullish. Pivot: 0.9005 Our preference: Long @ 0.9015 with targets @ 0.9085 & 0.9125 in extension. Alternative scenario: Below 0.9005 look for further downside with 0.898 & 0.895 as targets. Comment: The pair stands above its new support and is shaping a bullish flag.  Previous |  Next

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.  Previous |  Next

Silver spot Intraday: bullish bias above 20.13. Pivot: 20.13 Our preference: Long positions above 20.13 with targets @ 20.6 & 20.69 in extension. Alternative scenario: Below 20.13 look for further downside with 19.85 & 19.64 as targets. Comment: the RSI is supported by a rising trend line.  Previous |  Next

Crude Oil (NYMEX) (Feb 14) Intraday: capped by a negative trend line. Pivot: 92.4 Our preference: Short positions below 92.4 with targets @ 91.2 & 90.3 in extension. Alternative scenario: Above 92.4 look for further upside with 93.2 & 94.2 as targets. Comment: the RSI is mixed.  Previous