| Pre European Open, Daily Technical Analysis Monday, June 30, 2014 |
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| |  | Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. | |
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| | EUR/USD Intraday: the upside prevails. |
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| | Pivot: 1.362
Most Likely Scenario: Long positions above 1.362 with targets @ 1.365 & 1.367 in extension.
Alternative scenario: Below 1.362 look for further downside with 1.36 & 1.358 as targets.
Comment: The pair remains on the upside and is challenging its resistance.
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| | GBP/USD Intraday: the bias remains bullish. |
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| | Pivot: 1.7
Most Likely Scenario: Long positions above 1.7 with targets @ 1.706 & 1.708 in extension.
Alternative scenario: Below 1.7 look for further downside with 1.697 & 1.695 as targets.
Comment: The pair stands above its support and remains on the upside.
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| | USD/JPY Intraday: the downside prevails. |
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| | Pivot: 101.6
Most Likely Scenario: Short positions below 101.6 with targets @ 101.15 & 101 in extension.
Alternative scenario: Above 101.6 look for further upside with 101.8 & 102 as targets.
Comment: The pair stands below its resistance and remains under pressure.
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| | AUD/USD Intraday: bullish bias above 0.939. |
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| | Pivot: 0.939
Most Likely Scenario: Long positions above 0.939 with targets @ 0.9445 & 0.9465 in extension.
Alternative scenario: Below 0.939 look for further downside with 0.9375 & 0.935 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| | Gold spot Intraday: bullish bias above 1306. |
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| | Pivot: 1306
Most Likely Scenario: Long positions above 1306 with targets @ 1332 & 1350 in extension.
Alternative scenario: Below 1306 look for further downside with 1300 & 1285 as targets.
Comment: A support base at 1306 has formed and has allowed for a temporary stabilisation.
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| | Crude Oil (NYMEX) (Q4) Intraday: consolidation. |
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| | Pivot: 106.85
Most Likely Scenario: Short positions below 106.85 with targets @ 104.85 & 104.25 in extension.
Alternative scenario: Above 106.85 look for further upside with 107.5 & 108.1 as targets.
Comment: As long as the resistance at 106.85 is not surpassed, the risk of the break below 104.85 remains high.
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| |  | Disclaimer |
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| | Copyright
The information contained herein is produced by ‘TRADING Central’ and not intended as an offer or solicitation for the purchase or sale of any financial product. Any opinion offered in this material reflects the opinion of ‘TRADING Central’ and this is subject to change without notice. ‘TRADING Central’ is an investment research provider (http://www.tradingcentral.com/start.asp?p=quisommesnous). |
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