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Daily Technical levels – Trading Central 24-02-2016 by Orbex‏

 

EUR/USD Intraday: under pressure.

Orbex24022016 1

Pivot: 1.1065

Our preference: short positions below 1.1065 with targets @ 1.0985 & 1.0965 in extension.

Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.

Comment: the RSI lacks upward momentum.


USD/CHF Intraday: key resistance at 0.9945.

Orbex24022016 2

Pivot: 0.9945

Our preference: short positions below 0.9945 with targets @ 0.9885 & 0.9850 in extension.

Alternative scenario: above 0.9945 look for further upside with 0.9970 & 1.0000 as targets.

Comment: as long as 0.9945 is resistance, look for choppy price action with a bearish bias.


GBP/USD Intraday: the downside prevails.

Orbex24022016 3

Pivot: 1.4080

Our preference: short positions below 1.4080 with targets @ 1.3920 & 1.3820 in extension.

Alternative scenario: above 1.4080 look for further upside with 1.4170 & 1.4250 as targets.

Comment: the RSI is bearish and calls for further downside.


Dow Jones (CME) (H6) Intraday: consolidation.

Orbex24022016 4

Pivot: 16650.00

Our preference: short positions below 16650.00 with targets @ 16250.00 & 16180.00 in extension.

Alternative scenario: above 16650.00 look for further upside with 16720.00 & 16880.00 as targets.

Comment: the RSI is mixed to bearish.

Gold spot Intraday: further upside.

Orbex24022016 5

Pivot: 1215.00

Our preference: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.

Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.

Comment: the RSI is mixed with a bullish bias.

 

Crude Oil (WTI) (J6) Intraday: under pressure.

Orbex24022016 6

Pivot: 32.50

Our preference: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.

Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.

Comment: the RSI is bearish and calls for further downside.

 

Source: www.orbex.com

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