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Thursday, 6 August 2015

ANALYSIS



WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: key resistance with Pivot: 1097.5

Our preference: Short positions below 1097.5 with targets @ 1080 & 1073 in extension.

Alternative scenario: Above 1097.5 look for further upside with 1105 & 1115 as targets.

Comment: As long as 1097.5 is resistance, likely decline to 1080.

Key Levels
:
1115 
1105 
1097.5 
1085.12 Last
1080 
1073 
1065 

Ø  EUR/USD the bias remains bullish with Pivot: 1.0845

Our preference: Long positions above 1.0845 with targets @ 1.0935 & 1.0965 in extension.

Alternative scenario: Below 1.0845 look for further downside with 1.081 & 1.078 as targets.

Comment: The RSI is well directed.
Key Levels:
1.0995 ***

1.0965 **
1.0935 ***
1.0912 Last
1.0845 ***
1.081 ***
1.078 ***

Ø  GBP/USD the upside prevails with Pivot: 1.556

Our preference: Long positions above 1.556 with targets @ 1.565 & 1.568 in extension.

Alternative scenario: Below 1.556 look for further downside with 1.5525 & 1.55 as targets.

Comment: The RSI is well directed.

Key Levels:
1.571 ***
1.568 **
1.565 ***
1.5624 Last
1.556 ***
1.5525 ***
1.55 ***

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