Daily Technical Analysis – 31 March, 2017 - Daily Technical Analysis – 31 March, 2017 -

Daily Technical Analysis – 31 March, 2017

Technical Analysis
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Daily Technical Analysis – 31 March, 2017 

EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.0705

Our preference: short positions below 1.0705 with targets at 1.0665 & 1.0645 in extension.

Alternative scenario: above 1.0705 look for further upside with 1.0730 & 1.0770 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

GBP/USD Intraday: under pressure.
Pivot: 1.2510

Our preference: short positions below 1.2510 with targets at 1.2425 & 1.2400 in extension.

Alternative scenario: above 1.2510 look for further upside with 1.2545 & 1.2570 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

USD/CHF Intraday: the bias remains bullish.
Pivot: 0.9975

Our preference: long positions above 0.9975 with targets at 1.0025 & 1.0055 in extension.

Alternative scenario: below 0.9975 look for further downside with 0.9950 & 0.9910 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/JPY Intraday: the bias remains bullish.
Pivot: 111.50

Our preference: long positions above 111.50 with targets at 112.40 & 112.85 in extension.

Alternative scenario: below 111.50 look for further downside with 110.95 & 110.70 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

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