الخميس، 22 مايو 2014

EUR/USD Intraday: key resistance at 1.37. 

Pivot: 1.37

Analysis: Short positions below 1.37 with targets @ 1.364 & 1.362 in extension.

Alternative scenario: Above 1.37 look for further upside with 1.372 & 1.3735 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Indeed, the 1.37 resistance area maintains a bearish bias.
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: supported by a rising trend line. 

Pivot: 1.6845

Analysis: Long positions above 1.6845 with targets @ 1.6935 & 1.697 in extension.

Alternative scenario: Below 1.6845 look for further downside with 1.68 & 1.678 as targets.

Comment: The immediate trend remains up and the momentum is strong.
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: key resistance at 1297. 

Pivot: 1297

Analysis: Short positions below 1297 with targets @ 1283 & 1276 in extension.

Alternative scenario: Above 1297 look for further upside with 1307 & 1315 as targets.

Comment: As long as 1297 is resistance, look for choppy price action with a bearish bias.
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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