| Pre US Open, Daily Technical Analysis Thursday, February 11, 2016 |
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| | | Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. | |
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| | EUR/USD Intraday: the upside prevails. |
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| |  | | | Pivot: 1.1220
Most Likely Scenario: long positions above 1.1220 with targets @ 1.1400 & 1.1460 in extension.
Alternative scenario: below 1.1220 look for further downside with 1.1160 & 1.1105 as targets.
Comment: the RSI is well directed.
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| | GBP/USD Intraday: under pressure. |
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| |  | | | Pivot: 1.4570
Most Likely Scenario: short positions below 1.4570 with targets @ 1.4375 & 1.4320 in extension.
Alternative scenario: above 1.4570 look for further upside with 1.4615 & 1.4650 as targets.
Comment: the RSI is badly directed.
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| | USD/JPY Intraday: the downside prevails. |
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| |  | | | Pivot: 113.10
Most Likely Scenario: short positions below 113.10 with targets @ 111.00 & 110.25 in extension.
Alternative scenario: above 113.10 look for further upside with 114.20 & 115.25 as targets.
Comment: the RSI is bearish and calls for further downside.
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| | AUD/USD Intraday: under pressure. |
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| |  | | | Pivot: 0.7115
Most Likely Scenario: short positions below 0.7115 with targets @ 0.6970 & 0.6930 in extension.
Alternative scenario: above 0.7115 look for further upside with 0.7150 & 0.7170 as targets.
Comment: the RSI is badly directed.
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| | Gold spot Intraday: further advance. |
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| |  | | | Pivot: 1198.00
Most Likely Scenario: long positions above 1198.00 with targets @ 1222.00 & 1240.00 in extension.
Alternative scenario: below 1198.00 look for further downside with 1181.00 & 1164.00 as targets.
Comment: the RSI is well directed.
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| | Crude Oil (WTI) (H6) Intraday: under pressure. |
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| |  | | | Pivot: 28.73
Most Likely Scenario: short positions below 28.73 with targets @ 26.00 & 25.38 in extension.
Alternative scenario: above 28.73 look for further upside with 29.27 & 30.60 as targets.
Comment: the RSI has broken down its 30 level.
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