Daily Forex News(2016.01.13)
Source: ETX Capital Forex Broker (Review and Forex Rebates)
Pivot: 5965
Our preference: short positions below 5965 with targets @ 5855 & 5800 in extension.
Alternative scenario: above 5965 look for further upside with 6030 & 6065 as targets.
Comment: the RSI is around its neutrality area at 50%
Dax (Eurex) (H6) Intraday: key resistance at 10125.
Pivot: 10125
Our preference: short positions below 10125 with targets @ 9655 & 9400 in extension.
Alternative scenario: above 10125 look for further upside with 10290 & 10425 as targets.
Comment: the immediate trend remains down and the momentum is strong.
Dow Jones (CME) (H6) Intraday: rebound.
Pivot: 16080
Our preference: long positions above 16080 with targets @ 16716 & 16880 in extension.
Alternative scenario: below 16080 look for further downside with 15910 & 15760 as targets.
Comment: the RSI is mixed to bullish.
EUR/USD Intraday: the downside prevails.
Pivot: 1.086
Our preference: short positions below 1.086 with targets @ 1.077 & 1.074 in extension.
Alternative scenario: above 1.086 look for further upside with 1.09 & 1.0945 as targets.
Comment: The pair is trading within a bearish channel.
GBP/USD Intraday: caution.
Pivot: 1.4475
Our preference: short positions below 1.4475 with targets @ 1.44 & 1.435 in extension.
Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Gold spot Intraday: the downside prevails.
Pivot: 1095
Our preference: short positions below 1095 with targets @ 1082 & 1075 in extension.
Alternative scenario: above 1095 look for further upside with 1099 & 1105.5 as targets.
Comment: the RSI is capped by a bearish trend line.
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