Daily Technical Analysis – 13 December, 2017 - Daily Technical Analysis – 13 December, 2017 -

Daily Technical Analysis – 13 December, 2017

Technical Analysis
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Daily Technical Analysis – 13 December, 2017

EUR/USD Intraday: intraday support around 1.1760.
Pivot: 1.1760

Our preference: long positions above 1.1760 with targets at 1.1790 & 1.1810 in extension.

Alternative scenario: below 1.1760 look for further downside with 1.1745 & 1.1730 as targets.

Comment: the RSI is mixed to bullish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/CHF Intraday: consolidation.
Pivot: 0.9935

Our preference: short positions below 0.9935 with targets at 0.9880 & 0.9855 in extension.

Alternative scenario: above 0.9935 look for further upside with 0.9955 & 0.9975 as targets.

Comment: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: key resistance at 113.70.
Pivot: 113.70

Our preference: short positions below 113.70 with targets at 113.25 & 113.10 in extension.

Alternative scenario: above 113.70 look for further upside with 114.00 & 114.20 as targets.

Comment: as long as the resistance at 113.70 is not surpassed, the risk of the break below 113.25 remains high.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: consolidation.
Pivot: 1.3375

Our preference: short positions below 1.3375 with targets at 1.3310 & 1.3270 in extension.

Alternative scenario: above 1.3375 look for further upside with 1.3400 & 1.3435 as targets.

Comment: the RSI lacks upward momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


AUD/USD Intraday: further advance.
Pivot: 0.7535

Our preference: long positions above 0.7535 with targets at 0.7595 & 0.7615 in extension.

Alternative scenario: below 0.7535 look for further downside with 0.7515 & 0.7500 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


USD/CAD Intraday: the upside prevails.
Pivot: 1.2810

Our preference: long positions above 1.2810 with targets at 1.2880 & 1.2925 in extension.

Alternative scenario: below 1.2810 look for further downside with 1.2775 & 1.2725 as targets.

Comment: the RSI lacks downward momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


Gold spot Intraday: the downside prevails.
Pivot: 1247.00

Our preference: short positions below 1247.00 with targets at 1240.00 & 1235.50 in extension.

Alternative scenario: above 1247.00 look for further upside with 1251.50 & 1256.00 as targets.

Comment: the RSI calls for a new downleg.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Crude Oil (WTI) (F8) Intraday: further upside.
Pivot: 57.80

Our preference: long positions above 57.80 with targets at 58.90 & 59.15 in extension.

Alternative scenario: below 57.80 look for further downside with 57.35 & 56.90 as targets.

Comment: the RSI is bullish and calls for further upside.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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