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My Forex Trade Ideas : 18 Sep 2015

Discussion in 'Technical Analysis' started by Kaitlin, Sep 18, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    FTSE 100 (NYSE LIFFE) (U5) INTRADAY: CAUTION.

    Pivot: 6140

    Our preference: Long positions above 6140 with targets @ 6260 & 6300 in extension.

    Alternative scenario: Below 6140 look for further downside with 6085 & 6017 as targets.

    Comment: Intraday technical indicators are mixed and call for caution.

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    DOW JONES (CME) (Z5) INTRADAY: BULLISH BIAS ABOVE 16540.

    Pivot: 16540

    Our preference: Long positions above 16540 with targets @ 16700 & 16840 in extension.

    Alternative scenario: Below 16540 look for further downside with 16460 & 16320 as targets.

    Comment: The RSI lacks downward momentum.

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    DAX (EUREX) (U5) INTRADAY: BULLISH BIAS ABOVE 10170.

    Pivot: 10170

    Our preference: Long positions above 10170 with targets @ 10340 & 10435 in extension.

    Alternative scenario: Below 10170 look for further downside with 10065 & 9950 as targets.

    Comment: The RSI lacks downward momentum.

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    GOLD SPOT INTRADAY: FURTHER ADVANCE.

    Pivot: 1123

    Our preference: Long positions above 1123 with targets @ 1136.5 & 1140 in extension.

    Alternative scenario: Below 1123 look for further downside with 1119 & 1115 as targets.

    Comment: The RSI is mixed to bullish.

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    CRUDE OIL (WTI) (V5) INTRADAY: UNDER PRESSURE.

    Pivot: 47.6

    Our preference: Short positions below 47.6 with targets @ 45.9 & 45.1 in extension.

    Alternative scenario: Above 47.6 look for further upside with 48.4 & 48.8 as targets.

    Comment: The RSI broke below a rising trend line.
     

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