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Monday, 10 August 2015

TECHNICAL LEVELS FOR THE DAY

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: supported by a rising trend line with Pivot: 1082.5

Our preference: Long positions above 1082.5 with targets @ 1101 & 1103.5 in extension.

Alternative scenario: Below 1082.5 look for further downside with 1080 & 1077.5 as targets.

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

Key Levels
:
1105.1 
1103.5 
1101 
1095 Last
1082.5 
1080 
1077.5 

Ø  EUR/USD the upside prevails with Pivot: 1.0915
Our preference: Long positions above 1.0915 with targets @ 1.0995 & 1.102 in extension.

Alternative scenario: Below 1.0915 look for further downside with 1.088 & 1.0855 as targets.

Comment: The RSI is well directed.
Key Levels:
1.105 ***
1.102 ***
1.0995 ***
1.0972 Last
1.0915 ***
1.088 **
1.0855 ***
GBP/USD the under pressure with Pivot: 1.5545

Our preference: Short positions below 1.5545 with targets @ 1.542 & 1.5365 in extension.

Alternative scenario: Above 1.5545 look for further upside with 1.559 & 1.5635 as targets.

Comment: The RSI lacks upward momentum.

Key Levels:
1.5635 ***
1.559 **
1.5545 ***
1.5489 Last
1.542 ***
1.5365 **
1.533 ***

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