Daily Technical Strategies

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Daily Technical Strategies

FTSE 100 (NYSE Liffe) (M6) Intraday: rebound expected.

Pivot: 6190.00

Our preference: long positions above 6190.00 with targets @ 6285.00 & 6325.00 in extension.

Alternative scenario: below 6190.00 look for further downside with 6155.00 & 6120.00 as targets.

Comment: the RSI lacks downward momentum.

FTSE 100 chart

Dax (Eurex) (M6) Intraday: bullish bias above 10240.00.

Pivot: 10240.00

Our preference: long positions above 10240.00 with targets @ 10450.00 & 10520.00 in extension.

Alternative scenario: below 10240.00 look for further downside with 10180.00 & 10100.00 as targets.

Comment: the RSI lacks downward momentum

dax chart

Dow Jones (CME) (M6) Intraday: the bias remains bullish.

Pivot: 17775.00

Our preference: long positions above 17775.00 with targets @ 17965.00 & 18010.00 in extension.

Alternative scenario: below 17775.00 look for further downside with 17690.00 & 17625.00 as targets.

Comment: the RSI lacks downward momentum.

dow chart

EUR/USD Intraday: intraday support around 1.1270.

Pivot: 1.1270

Our preference: long positions above 1.1270 with targets @ 1.1340 & 1.1380 in extension.

Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1215 as targets.

Comment: the RSI is mixed to bullish.

euroM30

GBP/USD Intraday: the upside prevails.

Pivot: 1.4520

Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension.

Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets.

Comment: the RSI is mixed to bullish.

gbpusd chart

 

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


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