16 January 2014, Thursday ( Time +5:30 GMT - 8:00 PM )
| EUR/USD Intraday: key resistance at 1.3645. |
Pivot: 1.3645
Our preference: Short positions below 1.3645 with targets @ 1.3575 & 1.355 in extension.
Alternative scenario: Above 1.3645 look for further upside with 1.367 & 1.3685 as targets.
Comment: as long as 1.3645 is resistance, look for choppy price action with a bearish bias.
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| GBP/USD Intraday: under pressure. |
Pivot: 1.638
Our preference: Short positions below 1.638 with targets @ 1.629 & 1.6255 in extension.
Alternative scenario: Above 1.638 look for further upside with 1.6435 & 1.6465 as targets.
Comment: as long as 1.638 is resistance, look for choppy price action with a bearish bias.
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| USD/CHF Intraday: the bias remains bullish. |
Pivot: 0.9045
Our preference: Long positions above 0.9045 with targets @ 0.909 & 0.911 in extension.
Alternative scenario: Below 0.9045 look for further downside with 0.902 & 0.8985 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| USD/JPY Intraday: the upside prevails. |
Pivot: 104.45
Our preference: Long positions above 104.45 with targets @ 105.05 & 105.4 in extension.
Alternative scenario: Below 104.45 look for further downside with 104.05 & 103.8 as targets.
Comment: The pair is facing a pull back ahead of further advance.
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| AUD/USD Intraday: the downside prevails. |
Pivot: 0.888
Our preference: Short positions below 0.888 with targets @ 0.8735 & 0.8705 in extension.
Alternative scenario: Above 0.888 look for further upside with 0.892 & 0.897 as targets.
Comment: The pair has plunged through supports and remains on the downside.
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| Gold spot Intraday: key resistance at 1246. |
Pivot: 1246
Our preference: Short positions below 1246 with targets @ 1227 & 1218 in extension.
Alternative scenario: Above 1246 look for further upside with 1255 & 1267 as targets.
Comment: the RSI is capped by a bearish trend line.
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| Silver spot Intraday: the downside prevails. |
Pivot: 20.3
Our preference: Short positions below 20.3 with targets @ 19.85 & 19.6 in extension.
Alternative scenario: Above 20.3 look for further upside with 20.6 & 20.8 as targets.
Comment: the RSI is capped by a bearish trend line.
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| Crude Oil (NYMEX) (Feb 14) Intraday: further advance. |
Pivot: 92.9
Our preference: Long positions above 92.9 with targets @ 95.1 & 95.7 in extension.
Alternative scenario: Below 92.9 look for further downside with 92.3 & 91.45 as targets.
Comment: the RSI is above its neutrality area at 50%.
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