Technical Analysis

WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: key range with Pivot: 1126

Our preference: Short positions below 1126 with targets @ 1115.9 & 1110 in extension.

Alternative scenario: Above 1126 look for further upside with 1130.7 & 1137 as targets.

Comment: The RSI is mixed. Gold is moving sideways between its key resistance at 1126 and key support at 1115.9.
Key Levels:
1137 
1130.7 
1126 
1120.1 Last
1115.9 
1110 
1104 

Ø  EUR/USD under pressure with Pivot: 1.205

Our preference: Short positions below 1.1205 with targets @ 1.1115 & 1.1085 in extension.

Alternative scenario: Above 1.1205 look for further upside with 1.123 & 1.126 as targets.

Comment: The RSI is badly directed.

Key Levels:
1.126 ***
1.123 ***
1.1205 ***
1.1144 Last
1.1115 ***
1.1085 ***
1.1045 **

Ø     GBP/USD the upside prevails with Pivot: 1.532

Our preference: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension.

Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets.

Comment: The RSI lacks downward momentum.
Key Levels:1.5475 **
1.544 **
1.541 ***
1.5356 Last
1.532 **
1.529 ***
1.5265 ***