TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: bullish bias with Pivot: 1149

Our preference: Long positions above 1149 with targets @ 1168 & 1173 in extension.

Alternative scenario: Below 1149 look for further downside with 1142 & 1137 as targets.

Comment: A support base at 1149 has formed and has allowed for a temporary stabilisation.
Key Levels:
1178 
1173 
1168 
1153.66 Last
1149 
1142 
1137 

Ø  EUR/USD bullish bias with Pivot: 1.1495

Our preference: Long positions above 1.1495 with targets @ 1.1625 & 1.173 in extension.

Alternative scenario: Below 1.1495 look for further downside with 1.1395 & 1.1345 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key Levels:
1.181 **
1.173 **
1.1625 ***
1.1554 Last
1.1495 ***
1.1395 ***
1.1345 ***

GBP/USD the upside prevails with Pivot: 1.572

Our preference: Long positions above 1.572 with targets @ 1.5805 & 1.5835 in extension.

Alternative scenario: Below 1.572 look for further downside with 1.569 & 1.5655 as targets.

Comment: The RSI is well directed.
Key Levels:1.5865 ***
1.5835 ***
1.5805 ***
1.5775 Last
1.572 ***
1.569 ***
1.5655 ***