RE: CHARTS -T LINE TIPS9 Jun 2017 10:20
LCG - DAILY TECHNICAL ANALYSIS
Friday, June 9, 2017
EUR/USD
GBP/USD
USD/JPY
AUD/USD
GOLD SPOT
CRUDE OIL
Losses can exceed deposits
EUR/USD INTRADAY: UNDER PRESSURE. Next
Pivot: 1.1230
Our preference: short positions below 1.1230 with targets at 1.1175 & 1.1160 in extension.
Alternative scenario: above 1.1230 look for further upside with 1.1250 & 1.1270 as targets.
Comment: as long as the resistance at 1.1230 is not surpassed, the risk of the break below 1.1175 remains high.
GBP/USD INTRADAY: UNDER PRESSURE. Previous
Next
Pivot: 1.2825
Our preference: short positions below 1.2825 with targets at 1.2700 & 1.2660 in extension.
Alternative scenario: above 1.2825 look for further upside with 1.2860 & 1.2920 as targets.
Comment: as long as 1.2825 is resistance, expect a return to 1.2700.
USD/JPY INTRADAY: THE UPSIDE PREVAILS. Previous
Next
Pivot: 109.65
Our preference: long positions above 109.65 with targets at 110.40 & 110.80 in extension.
Alternative scenario: below 109.65 look for further downside with 109.35 & 109.15 as targets.
Comment: the RSI is supported by a rising trend line.
AUD/USD INTRADAY: BULLISH BIAS ABOVE 0.7520. Previous
Next
Pivot: 0.7520
Our preference: long positions above 0.7520 with targets at 0.7565 & 0.7580 in extension.
Alternative scenario: below 0.7520 look for further downside with 0.7500 & 0.7460 as targets.
Comment: a support base at 0.7520 has formed and has allowed for a temporary stabilisation.
GOLD SPOT INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Previous
Next
Pivot: 1283.00
Our preference: short positions below 1283.00 with targets at 1269.00 & 1264.00 in extension.
Alternative scenario: above 1283.00 look for further upside with 1287.50 & 1291.00 as targets.
Comment: the RSI is bearish and calls for further downside.
CRUDE OIL (WTI) (N7) INTRADAY: UNDER PRESSURE. Previous
Top
Pivot: 46.18
Our preference: short positions below 46.18 with targets at 44.60 & 44.13 in extension.
Alternative scenario: above 46.18 look for further upside with 46.73 & 47.57 as targets.
Comment: the RSI lacks upward momentum.
Losses can exceed deposits
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