TECHNICAL ANALYSIS

  WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: capped by a negative trend line with Pivot: 1136

Our preference: Short positions below 1136 with targets @ 1124.5 & 1116 in extension.

Alternative scenario: Above 1136 look for further upside with 1142 & 1148 as targets.

Comment: The RSI is bearish and calls for further downside.
Key Levels:
1148 
1142 
1136 
1127.7 Last
1124.5 
1116 
1109

Ø  EUR/USD the downside prevails with Pivot: 1.122

Our preference: Short positions below 1.122 with targets @ 1.115 & 1.112 in extension.

Alternative scenario: Above 1.122 look for further upside with 1.1255 & 1.132 as targets.

Comment: The pair has validated a bearish flag pattern and remains on the downside.

Key Levels:
1.132 ***
1.1255 **
1.122 ***
1.1161 Last
1.115 **
1.112 **
1.108 ***

Ø     GBP/USD under pressure with Pivot: 1.553

Our preference: Short positions below 1.553 with targets @ 1.539 & 1.533 in extension.

Alternative scenario: Above 1.553 look for further upside with 1.557 & 1.561 as targets.

Comment: The RSI is badly directed.
Key Levels:1.561 **
1.557 **
1.553 **
1.5437 Last
1.539 **
1.533 ***
1.529 ***