Daily Technical Analysis – 19 October, 2017

Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1860 in extension.

Alternative scenario: below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 0.9815 with targets at 0.9745 & 0.9725 in extension.

Alternative scenario: above 0.9815 look for further upside with 0.9840 & 0.9865 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 112.85 with targets at 112.45 & 112.10 in extension.

Alternative scenario: above 112.85 look for further upside with 113.15 & 113.45 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension.

Alternative scenario: above 1.3200 look for further upside with 1.3225 & 1.3260 as targets.

Comment: the RSI is mixed to bearish.

Our preference: long positions above 0.7830 with targets at 0.7875 & 0.7895 in extension.

Alternative scenario: below 0.7830 look for further downside with 0.7815 & 0.7800 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 1.2495 with targets at 1.2430 & 1.2410 in extension.

Alternative scenario: above 1.2495 look for further upside with 1.2515 & 1.2535 as targets.

Comment: the RSI is mixed to bearish.

Our preference: long positions above 1276.50 with targets at 1289.00 & 1293.00 in extension.

Alternative scenario: below 1276.50 look for further downside with 1273.00 & 1270.00 as targets.

Comment: the RSI advocates for further upside.

Our preference: short positions below 51.70 with targets at 50.95 & 50.55 in extension.

Alternative scenario: above 51.70 look for further upside with 52.05 & 52.35 as targets.

Comment: the RSI has broken down its 30 level.