Daily Technical Analysis - March 8, 2016 - Daily Technical Analysis - March 8, 2016 -

Daily Technical Analysis – March 8, 2016

Daily Technical Analysis
newLogo
Get TC MT4 Indicator
Daily Technical Analysis – March 8, 2016

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.0975

Our preference: long positions above 1.0975 with targets @ 1.1070 & 1.1100 in extension.

Alternative scenario: below 1.0975 look for further downside with 1.0945 & 1.0925 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: 1.4185

Our preference: long positions above 1.4185 with targets @ 1.4305 & 1.4405 in extension.

Alternative scenario: below 1.4185 look for further downside with 1.4130 & 1.4020 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

USD/CHF Intraday: under pressure.
Pivot: 0.9965

Our preference: short positions below 0.9965 with targets @ 0.9875 & 0.9850 in extension.

Alternative scenario: above 0.9965 look for further upside with 0.9990 & 1.0010 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: under pressure.
Pivot: 113.50

Our preference: short positions below 113.50 with targets @ 112.50 & 112.10 in extension.

Alternative scenario: above 113.50 look for further upside with 113.80 & 114.25 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

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | CoverNews by AF themes.