FXGrow Daily Technical Strategies 21.12.2015
EUR/USD Intraday: caution.
Pivot: 1.0885
Our preference: short positions below 1.0885 with targets @ 1.0825 & 1.0795 in extension.
Alternative scenario: above 1.0885 look for further upside with 1.0915 & 1.095 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: under pressure.
Pivot: 1.495
Our preference: short positions below 1.495 with targets @ 1.488 & 1.485 in extension.
Alternative scenario: above 1.495 look for further upside with 1.498 & 1.5025 as targets.
Comment: the RSI lacks upward momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: under pressure.
Pivot: 121.75
Our preference: short positions below 121.75 with targets @ 120.85 & 120.55 in extension.
Alternative scenario: above 121.75 look for further upside with 122.15 & 122.6 as targets.
Comment: the RSI lacks upward momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.711
Our preference: long positions above 0.711 with targets @ 0.72 & 0.7235 in extension.
Alternative scenario: below 0.711 look for further downside with 0.709 & 0.7065 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Crude Oil (WTI) (G6) Intraday: the downside prevails.
Pivot: 36.8
Our preference: short positions below 36.8 with targets @ 35.6 & 35 in extension.
Alternative scenario: above 36.8 look for further upside with 37.35 & 38 as targets.
Comment: as long as the resistance at 36.8 is not surpassed, the risk of the break below 35.6 remains high.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Gold spot Intraday: rebound.
Pivot: 1062
Our preference: long positions above 1062 with targets @ 1074 & 1078 in extension.
Alternative scenario: below 1062 look for further downside with 1055 & 1049 as targets.
Comment: the RSI lacks downward momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Related posts:
FXGrow Daily Technical Strategies 11.12.2015
FXGrow Daily Technical Strategies 19.11.2015
FXGrow Daily Technical Strategies 11.11.2015