Daily Tehnical Analysis

 Pre US Open, Daily Technical Analysis Friday, February 21, 2014

 EUR/USDGBP/USDUSD/JPYAUD/USDGOLDCRUDE OIL

 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. 

 
 EUR/USD Intraday: under pressure.
 PrevNext 


  
 Pivot: 1.373Most Likely Scenario: Short positions below 1.373 with targets @ 1.369 & 1.367 in extension.Alternative scenario: Above 1.373 look for further upside with 1.3745 & 1.3775 as targets.Comment: The pair stands below its resistance as the RSI is capped by a declining trend line.  
  
 GBP/USD Intraday: key resistance at 1.6695.
 PrevNext 


  
 Pivot: 1.6695Most Likely Scenario: Short positions below 1.6695 with targets @ 1.662 & 1.66 in extension.Alternative scenario: Above 1.6695 look for further upside with 1.6735 & 1.676 as targets.Comment: The pair is rebounding and is challenging its resistance.  
  
 USD/JPY Intraday: the upside prevails.
 PrevNext 


  
 Pivot: 102Most Likely Scenario: Long positions above 102 with targets @ 102.75 & 103.05 in extension.Alternative scenario: Below 102 look for further downside with 101.65 & 101.35 as targets.Comment: The pair remains on the upside and is approaching its previous high.  
  
 AUD/USD Intraday: caution.
 PrevNext 


  
 Pivot: 0.8955Most Likely Scenario: Long positions above 0.8955 with targets @ 0.902 & 0.9045 in extension.Alternative scenario: Below 0.8955 look for further downside with 0.8925 & 0.89 as targets.Comment: the immediate trend remains up but the momentum is weak. Intraday technical indicators are mixed and call for caution.  
  
 Gold spot Intraday: bounce.
 PrevNext 


  
 Pivot: 1307Most Likely Scenario: Long positions above 1307 with targets @ 1332 & 1338 in extension.Alternative scenario: Below 1307 look for further downside with 1297 & 1286 as targets.Comment: the RSI is above its neutrality area at 50%.  
  
 Crude Oil (NYMEX) (Apr 14) Intraday: further advance.
 PrevTop 


  
 Pivot: 102Most Likely Scenario: Long positions above 102 with targets @ 103.3 & 103.9 in extension.Alternative scenario: Below 102 look for further downside with 101.3 & 100.8 as targets.Comment: the RSI lacks downward momentum.  
  
 Disclaimer
  
 CopyrightThe information contained herein is produced by 'TRADING Central' and not intended as an offer or solicitation for the purchase or sale of any financial product. Any opinion offered in this material reflects the opinion of 'TRADING Central' and this is subject to change without notice. 'TRADING Central' is an investment research provider (

http://www.tradingcentral.com/start.asp?p=quisommesnous).

  
  
 
  Email: info@FxPro.com Web: www.FxPro.comAddress: 13/14 Basinghall Street, City of London EC2V 5BQ.

24/5 International Customer Support Tel: +44 (0)2031515550 Fax: +44 (0)2076007063
 
 Legal informationFxPro UK Limited is authorised and regulated by the Financial Conduct Authority (previously, Financial Services Authority) (registration no.

509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).

FxPro Group Limited is a holding company that controls FxPro Financial Services Limited. FxPro UK Limited is a direct operating subsidiary of FxPro Financial Services Limited

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. FxPro does not take into account your personal investment objectives or financial situation. FxPro makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of FxPro, a third party or otherwise. This material has not been prepared in accordance with legal requirements promoting the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of FxPro. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.

Powered by Telkomsel BlackBerry®