RE: CHARTS -T LINE TIPS2 Jan 2017 10:05
LCG - DAILY TECHNICAL ANALYSIS
Monday, January 02, 2017
EUR/USD
GBP/USD
USD/JPY
AUD/USD
GOLD SPOT
CRUDE OIL
Losses can exceed deposits
EUR/USD INTRADAY: UNDER PRESSURE. Next
Pivot: 1.0540
Our preference: short positions below 1.0540 with targets at 1.0495 & 1.0465 in extension.
Alternative scenario: above 1.0540 look for further upside with 1.0565 & 1.0590 as targets.
Comment: the RSI shows downside momentum.
GBP/USD INTRADAY: SUPPORTED BY A RISING TREND LINE. Previous
Next
Pivot: 1.2315
Our preference: long positions above 1.2315 with targets at 1.2365 & 1.2390 in extension.
Alternative scenario: below 1.2315 look for further downside with 1.2265 & 1.2240 as targets.
Comment: the RSI shows upside momentum.
USD/JPY INTRADAY: BULLISH BIAS ABOVE 116.60. Previous
Next
Pivot: 116.60
Our preference: long positions above 116.60 with targets at 117.05 & 117.25 in extension.
Alternative scenario: below 116.60 look for further downside with 116.40 & 116.10 as targets.
Comment: the RSI is mixed to bullish.
AUD/USD INTRADAY: KEY RESISTANCE AT 0.7220. Previous
Next
Pivot: 0.7220
Our preference: short positions below 0.7220 with targets at 0.7195 & 0.7180 in extension.
Alternative scenario: above 0.7220 look for further upside with 0.7235 & 0.7245 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GOLD SPOT INTRADAY: UNDER PRESSURE. Previous
Next
Pivot: 1154.00
Our preference: short positions below 1154.00 with targets at 1147.25 & 1144.75 in extension.
Alternative scenario: above 1154.00 look for further upside with 1156.75 & 1160.00 as targets.
Comment: the RSI shows downside momentum.
CRUDE OIL (WTI) (G7) INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Previous
Top
Pivot: 54.05
Our preference: short positions below 54.05 with targets at 53.51 & 53.40 in extension.
Alternative scenario: above 54.05 look for further upside with 54.20 & 54.40 as targets.
Comment: as long as 54.05 is resistance, look for choppy price action with a bearish bias.
charts won't copy.
GLITA