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Daily Technical Strategies‏ 15-01-2016by FX Grow

 

EUR/USD Intraday: key resistance at 1.0895.

Pivot: 1.0895

Our preference: short positions below 1.0895 with targets @ 1.0835 & 1.08 in extension.

Alternative scenario: above 1.0895 look for further upside with 1.0945 & 1.0975 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.0895.

 

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 bias remains bullish.


Pivot: 1.435

Our preference: long positions above 1.435 with targets @ 1.443 & 1.4475 in extension.

Alternative scenario: below 1.435 look for further downside with 1.43 & 1.4225 as targets.

Comment: the RSI is mixed to bullish.

 

 

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: key resistance at 118.35.


Pivot: 118.35

Our preference: short positions below 118.35 with targets @ 117.55 & 117.2 in extension.

Alternative scenario: above 118.35 look for further upside with 118.6 & 118.85 as targets.

Comment: the RSI is mixed to bearish.

 

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: under pressure.


Pivot: 0.7

Our preference: short positions below 0.7 with targets @ 0.6905 & 0.6865 in extension.

Alternative scenario: above 0.7 look for further upside with 0.704 & 0.7065 as targets.

Comment: the RSI is badly directed.

 

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: key resistance at 31.6.


Pivot: 31.6

Our preference: short positions below 31.6 with targets @ 30 & 29.05 in extension.

Alternative scenario: above 31.6 look for further upside with 32.2 & 33.15 as targets.

Comment: as long as 31.6 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

 

Gold spot Intraday: capped by a negative trend line.


Pivot: 1084

Our preference: short positions below 1084 with targets @ 1070 & 1063 in extension.

Alternative scenario: above 1084 look for further upside with 1089 & 1095 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

 

Source: www.fxgrow.com

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