Our preference: short positions below 1.1370 with targets @ 1.1280 & 1.1260 in extension.
Alternative scenario: above 1.1370 look for further upside with 1.1400 & 1.1445 as targets.
Comment: the RSI is badly directed.
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: the downside prevails.
Pivot: 1.4290
Our preference: short positions below 1.4290 with targets @ 1.4195 & 1.4170 in extension.
Alternative scenario: above 1.4290 look for further upside with 1.4320 & 1.4350 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/CHF Intraday: further upside.
Pivot: 0.9560
Our preference: long positions above 0.9560 with targets @ 0.9650 & 0.9675 in extension.
Alternative scenario: below 0.9560 look for further downside with 0.9530 & 0.9495 as targets.
Comment: the RSI is well directed.
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: further upside.
Pivot: 108.45
Our preference: long positions above 108.45 with targets @ 109.50 & 109.95 in extension.
Alternative scenario: below 108.45 look for further downside with 108.05 & 107.60 as targets.
Comment: the RSI is well directed.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions
Daily Technical Analysis – April 13, 2016
