PRE US OPEN, DAILY TECHNICAL ANALYSIS

PRE US OPEN, DAILY TECHNICAL ANALYSIS

Gold (CME) may rise to 2043.00 - 2049.00

Pivot: 2030.00

Our preference

Long positions above 2030.00 with targets at 2043.00 & 2049.00 in extension.

Alternative scenario

Below 2030.00 look for further downside with 2023.00 & 2017.00 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

2057.00

2049.00

2043.00

2037.00 Last

2030.00

2023.00

2017.00

Number of asterisks represents the strength of support and resistance levels.

 

EUR/USD may rise 22 - 42 pips

Pivot: 1.0950

Our preference

Long positions above 1.0950 with targets at 1.1000 & 1.1020 in extension.

Alternative scenario

Below 1.0950 look for further downside with 1.0930 & 1.0915 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.1040

1.1020

1.1000

1.0978 Last

1.0950

1.0930

1.0915

Number of asterisks represents the strength of support and resistance levels.

GBP/USD may rise 20 - 45 pips

Pivot

1.2725

Our preference

Long positions above 1.2725 with targets at 1.2785 & 1.2810 in extension.

Alternative scenario

Below 1.2725 look for further downside with 1.2700 & 1.2680 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.2830

1.2810

1.2785

1.2765 Last

1.2725

1.2700

1.2680

Number of asterisks represents the strength of support and resistance levels.

Dow Jones (CME) may rise to 38110.00 - 38190.00

Pivot

37840.00

Our preference

Long positions above 37840.00 with targets at 38110.00 & 38190.00 in extension.

Alternative scenario

Below 37840.00 look for further downside with 37700.00 & 37610.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

38280.00

38190.00

38110.00

37987.00 Last

37840.00

37700.00

37610.00

Number of asterisks represents the strength of support and resistance levels.

 

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