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Daily Technical Strategies(2016.01.18)

Source: ETX Capital (Review and Forex Rebates Up to 85%)

 

Pivot: 5845

Our preference: short positions below 5845 with targets @ 5680 & 5640 in extension.

Alternative scenario: above 5845 look for further upside with 5900 & 5960 as targets.

Comment: the RSI is bearish and calls for further downside.

fx2564

Dax (Eurex) (H6) Intraday: the downside prevails.

Pivot: 9720

Our preference: short positions below 9720 with targets @ 9320 & 9170 in extension.

Alternative scenario: above 9720 look for further upside with 9945 & 10165 as targets.

Comment: the RSI is bearish and calls for further downside

d265

Dow Jones (CME) (H6) Intraday: the downside prevails.

Pivot: 16185

Our preference: short positions below 16185 with targets @ 15750 & 15670 in extension.

Alternative scenario: above 16185 look for further upside with 16390 & 16530 as targets.

Comment: the RSI is mixed with a bearish bias.

unnamed

EUR/USD Intraday: under pressure.

Pivot: 1.0945

Our preference: short positions below 1.0945 with targets @ 1.0835 & 1.08 in extension.

Alternative scenario: above 1.0945 look for further upside with 1.0985 & 1.103 as targets.

Comment: the RSI is badly directed.

euro55

GBP/USD Intraday: the downside prevails.

Pivot: 1.432

Our preference: short positions below 1.432 with targets @ 1.4225 & 1.4185 in extension.

Alternative scenario: above 1.432 look for further upside with 1.436 & 1.44 as targets.

Comment: as long as 1.432 is resistance, look for choppy price action with a bearish bias.

gbp2654

Gold spot Intraday: continuation of the rebound.

Pivot: 1085

Our preference: long positions above 1085 with targets @ 1100 & 1106 in extension.

Alternative scenario: below 1085 look for further downside with 1076 & 1071 as targets.

Comment: the RSI is mixed to bullish.

gold12454

[ssba]

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koenigsegg Says

0 1

mix market make confuse. I think JPY and gold is the best choice as safe heaven

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Rauf Says

0 1

Trading is made so much easier with blogs like these with such details views. I hate following signals which are given without any proper logic or reason since that is something that makes no difference. I am trading with OctaFX and they too have very fine analysis service, I follow it regularly and that always lead into serious profits for me which is why I enjoy trading with them and helps me make great profits consistently without any major trouble.



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