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Today's Forex Trading Analysis 16 Sep 2015

Discussion in 'Technical Analysis' started by Lily, Sep 16, 2015.

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  1. Lily

    Lily Forum Member

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    FTSE 100 (NYSE LIFFE) (U5) INTRADAY: CONTINUATION OF THE REBOUND.

    Pivot: 6017

    Our preference: Long positions above 6017 with targets @ 6240 & 6300 in extension.

    Alternative scenario: Below 6017 look for further downside with 5925 & 5756 as targets.

    Comment: The RSI is bullish and calls for further advance.

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    DOW JONES (CME) (Z5) INTRADAY: BULLISH BIAS ABOVE 16320.

    Pivot: 16320

    Our preference: Long positions above 16320 with targets @ 16595 & 16680 in extension.

    Alternative scenario: Below 16320 look for further downside with 16220 & 16110 as targets.

    Comment: The RSI is mixed with a bullish bias.

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    DAX (EUREX) (U5) INTRADAY: BULLISH BIAS ABOVE 10065.

    Pivot: 10065

    Our preference: Long positions above 10065 with targets @ 10340 & 10435 in extension.

    Alternative scenario: Below 10065 look for further downside with 9881 & 9773 as targets.

    Comment: The RSI is above its neutrality area at 50%.

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    GOLD SPOT INTRADAY: CAPPED BY A NEGATIVE TREND LINE.

    Pivot: 1110

    Our preference: Short positions below 1110 with targets @ 1098 & 1094 in extension.

    Alternative scenario: Above 1110 look for further upside with 1116 & 1119 as targets.

    Comment: As long as 1110 is resistance, likely decline to 1098.

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    CRUDE OIL (WTI) (V5) INTRADAY: FURTHER ADVANCE.

    Pivot: 44.33

    Our preference: Long positions above 44.33 with targets @ 45.46 & 45.88 in extension.

    Alternative scenario: Below 44.33 look for further downside with 43.9 & 43.4 as targets.

    Comment: The RSI is mixed to bullish.
     

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