الجمعة، 9 مايو 2014

Daily Technical Strategies

EUR/USD Intraday: the downside prevails. 

Pivot: 1.388

Analysis: Short positions below 1.388 with targets @ 1.381 & 1.379 in extension.

Alternative scenario: Above 1.388 look for further upside with 1.3905 & 1.394 as targets.

Comment: The pair stands below its resistance and remains under pressure.
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: the downside prevails. 

Pivot: 1.696

Analysis: Short positions below 1.696 with targets @ 1.6895 & 1.6875 in extension.

Alternative scenario: Above 1.696 look for further upside with 1.698 & 1.70 as targets.

Comment: The pair remains within a bearish channel.
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: the downside prevails. 

Pivot: 1315

Analysis: Short positions below 1315 with targets @ 1273 & 1254 in extension.

Alternative scenario: Above 1315 look for further upside with 1331 & 1342 as targets.

Comment: As long as 1315 is resistance, likely decline to 1273.
Green Lines Represent Resistances |  Red Lines Represent Support Levels |  Light Blue is a Pivot Point | Black represents the price when the report was produced

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