TECHNICAL ANALYSIS

  WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: the downside prevails with Pivot: 1116

Our preference: Short positions below 1116 with targets @ 1101 & 1094 in extension.

Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets.
Comment: As long as the resistance at 1116 is not surpassed, the risk of the break below 1101 remains high. 
Key Levels:
1130.7 
1126 
1116 
1107.8 Last
1101 
1094 
1082 

Ø  EUR/USD turning down with Pivot: 1.1245

Our preference: Short positions below 1.1245 with targets @ 1.117 & 1.113 in extension.

Alternative scenario: Above 1.1245 look for further upside with 1.129 & 1.132 as targets.

Comment: The RSI is badly directed.

Key Levels:
1.132 ***
1.129 ***
1.1245 ***
1.1185 Last
1.117 **
1.113 ***
1.109 ***

Ø     GBP/USD the bias remains bullish with Pivot: 1.5335

Our preference: Long positions above 1.5335 with targets @ 1.544 & 1.5475 in extension.

Alternative scenario: Below 1.5335 look for further downside with 1.529 & 1.5265 as targets.

Comment: The RSI is well directed.
Key Levels:1.551 ***
1.5475 **
1.544 ***
1.5405 Last
1.5335 **
1.529 ***
1.5265 ***