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Wednesday, 19 August 2015

TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: key resistance with Pivot: 1121

Our preference: Short positions below 1121 with targets @ 1109 & 1101.5 in extension.

Alternative scenario: Above 1121 look for further upside with 1127 & 1135 as targets.

Comment: As long as 1121 is resistance, likely decline to 1109.

Key Levels
:
1135 
1127 
1121 
1117.71 Last
1109 
1101.5 
1093.7 

Ø  EUR/USD key resistance with Pivot: 1.1095
Our preference: Short positions below 1.1095 with targets @ 1.1015 & 1.098 in extension.

Alternative scenario: Above 1.1095 look for further upside with 1.1125 & 1.1165 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Key Levels:
1.1165 ***
1.1125 ***
1.1095 ***
1.1050 Last
1.1015 ***
1.098 ***
1.094 **
GBP/USD the upside prevails with Pivot: 1.564

Our preference: Long positions above 1.564 with targets @ 1.572 & 1.577 in extension.

Alternative scenario: Below 1.564 look for further downside with 1.5615 & 1.5575 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

Key Levels:
1.5805 ***
1.577 **
1.572 **
1.5669 Last
1.564 **
1.5615 ***
1.5575 ***

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