Our preference: long positions above 1.1270 with targets @ 1.1340 & 1.1380 in extension.
Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1215 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
GBP/USD Intraday: the upside prevails.
Pivot: 1.4520
Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension.
Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 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: under pressure.
Pivot: 0.9765
Our preference: short positions below 0.9765 with targets @ 0.9695 & 0.9645 in extension.
Alternative scenario: above 0.9765 look for further upside with 0.9800 & 0.9845 as targets.
Comment: as long as the resistance at 0.9765 is not surpassed, the risk of the break below 0.9695 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
USD/JPY Intraday: the upside prevails.
Pivot: 110.75
Our preference: long positions above 110.75 with targets @ 111.80 & 112.45 in extension.
Alternative scenario: below 110.75 look for further downside with 110.25 & 109.90 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
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 27, 2016
