Technical Analysis

20 January 2014, Monday ( +5:30 GMT - 12:10 PM )

EUR/USD Intraday: under pressure. Pivot: 1.358 Our preference: Short positions below 1.358 with targets @ 1.3485 & 1.3445 in extension. Alternative scenario: Above 1.358 look for further upside with 1.362 & 1.3645 as targets. Comment: The pair is posting a rebound but stands below its resistance. Next

GBP/USD Intraday: the bias remains bullish. Pivot: 1.638 Our preference: Long @ 1.6395 with targets @ 1.6465 & 1.6515 in extension. Alternative scenario: Below 1.638 look for further downside with 1.6345 & 1.6305 as targets. Comment: a support base at 1.638 has formed and has allowed for a temporary stabilisation.  Previous |  Next

USD/CHF Intraday: further advance. Pivot: 0.908 Our preference: Long positions above 0.908 with targets @ 0.915 & 0.9185 in extension. Alternative scenario: Below 0.908 look for further downside with 0.9055 & 0.9035 as targets. Comment: technically, the RSI is above its neutrality area at 50.  Previous |  Next

USD/JPY Intraday: under pressure. Pivot: 104.45 Our preference: Short positions below 104.45 with targets @ 103.8 & 103.5 in extension. Alternative scenario: Above 104.45 look for further upside with 104.65 & 105.05 as targets. Comment: the RSI is mixed to bearish.  Previous |  Next

AUD/USD Intraday: the downside prevails. Pivot: 0.8835 Our preference: Short positions below 0.8835 with targets @ 0.8735 & 0.8705 in extension. Alternative scenario: Above 0.8835 look for further upside with 0.888 & 0.892 as targets. Comment: as long as 0.8835 is resistance, look for choppy price action with a bearish bias.  Previous |  Next

Gold spot Intraday: the upside prevails. Pivot: 1239 Our preference: Long positions above 1239 with targets @ 1265 & 1278 in extension. Alternative scenario: Below 1239 look for further downside with 1234 & 1227 as targets. Comment: the RSI is mixed with a bullish bias.  Previous |  Next

Silver spot Intraday: bounce. Pivot: 19.9 Our preference: Long positions above 19.9 with targets @ 20.48 & 20.6 in extension. Alternative scenario: Below 19.9 look for further downside with 19.6 & 19.3 as targets. Comment: the RSI is mixed to bullish.  Previous |  Next

Crude Oil (NYMEX) (Feb 14) Intraday: caution. Pivot: 93.6 Our preference: Long positions above 93.6 with targets @ 94.9 & 95.7 in extension. Alternative scenario: Below 93.6 look for further downside with 92.9 & 92.3 as targets. Comment: a support base at 93.6 has formed and has allowed for a temporary stabilisation.