Friday, May 20, 2016

Daily Markets Review Pre EU, EURUSD , USDJPY , USDCHF , GBPUSD , EURAUD - May 20 2016


 
EUR/USD Intraday: the downside prevails.    

Pivot: 1.1255

Most Likely Scenario: short positions below 1.1255 with targets @ 1.1175 & 1.1140 in extension.

Alternative scenario: above 1.1255 look for further upside with 1.1290 & 1.1325 as targets.

Comment: as long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1175 remains high.



USD/JPY Intraday: the upside prevails.   

Pivot: 109.25

Most Likely Scenario: long positions above 109.25 with targets @ 110.50 & 111.00 in extension.

Alternative scenario: below 109.25 look for further downside with 108.65 & 108.20 as targets.

Comment: the RSI is mixed to bullish.



USD/CHF Intraday: the upside prevails.    

Pivot: 0.9860

Most Likely Scenario: long positions above 0.9860 with targets @ 0.9920 & 0.9950 in extension.

Alternative scenario: below 0.9860 look for further downside with 0.9805 & 0.9775 as targets.

Comment: the RSI is mixed to bullish.



GBP/USD Intraday: intraday support around 1.4560.    

Pivot: 1.4560

Most Likely Scenario: long positions above 1.4560 with targets @ 1.4665 & 1.4710 in extension.

Alternative scenario: below 1.4560 look for further downside with 1.4520 & 1.4465 as targets.

Comment: a support base at 1.4560 has formed and has allowed for a temporary stabilization.



EUR/AUD Intraday: the upside prevails.    

Pivot: 1.5455

Most Likely Scenario: long positions above 1.5455 with targets @ 1.5600 & 1.5700 in extension.

Alternative scenario: below 1.5455 look for further downside with 1.5410 & 1.5335 as targets.

Comment: the RSI is mixed to bullish. 


Facebook Comments

1 comment:

  1. It's enjoyable to learn more and more from your blog. Thanks for sharing.

    www.gofastek.com

    ReplyDelete