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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%

FTSE

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.

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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.

MINI

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.

EURO

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.

GBP254

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.

GOLD4144.

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