Tuesday, January 14, 2014

Technical level - Updats


14 January 2014, Tuesday

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 has rebounded and is challenging its resistance.

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 GBP/USD Intraday: caution.

Pivot: 1.6445
Our preference: Short positions below 1.6445 with targets @ 1.639 & 1.636 in extension.
Alternative scenario: Above 1.6445 look for further upside with 1.6475 & 1.6515 as targets.
Comment: The pair is rebounding and is challenging its resistance, caution.


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 USD/CHF Intraday: capped by a negative trend line.

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 is posting a rebound but remains capped by a declining trend line.

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 USD/JPY Intraday: key resistance at 103.85.

Pivot: 103.85
Our preference: Short positions below 103.85 with targets @ 103.2 & 102.8 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.

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 AUD/USD Intraday: under pressure.

Pivot: 0.9045
Our preference: Short positions below 0.9045 with targets @ 0.898 & 0.895 in extension.
Alternative scenario: Above 0.9045 look for further upside with 0.9085 & 0.9125 as targets.
Comment: the RSI is badly 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: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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 Silver spot Intraday: bullish bias above 20.13.

Pivot: 20.13
Our preference: Long positions above 20.13 with targets @ 20.5 & 20.69 in extension.


Alternative scenario: Below 20.13 look for further downside with 19.85 & 19.64 as targets.
Comment: the RSI calls for a bounce.

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 Crude Oil (NYMEX) (Feb 14) Intraday: the downside prevails.

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 below its neutrality area at 50%

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