Monday, April 18, 2011

Trading Signals April 19th 2011 (Pre- EU Market Open)


EUR/USD intraday: under pressure.
Pivot: 1.4275.

Most Likely Scenario: SHORT positions @ 1.4265 with 1.42 & 1.415 in sight.

Alternative scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.

Comment: The pair is posting a rebound but stands below its new resistance, the RSI is mixed and calls for caution.

Trend: ST Ltd Upside; MT Range

GBP/USD intraday: under pressure.

Pivot: 1.6300.

Most Likely Scenario: SHORT positions @ 1.629 with 1.6225 & 1.6175 as next targets.

Alternative scenario: The upside penetration of 1.63 will call for a rebound towards 1.633 & 1.6385.

Comment: The pair stands below its new resistance, the RSI is mixed to bearish.

USD/JPY intraday: the downside prevails.

Pivot: 82.75.

Most Likely Scenario: SHORT positions @ 82.7 with targets @ 82.2 & 82.05.

Alternative scenario: The upside penetration of 82.75 will call for 83 & 83.25.

Comment: The pair stands within a bearish channel, the RSI is capped by a declining trend line.

AUD/USD intraday

Pivot: 1.052

Most Likely Scenario: Short positions below 1.052 with targets @ 1.0455 & 1.042 in extension.

Alternative scenario: Above 1.052 look for further upside with 1.054 & 1.0585 as targets.

Comment: The pair has broken below a key rising trend line.


No comments:

Post a Comment