EU session – Bullet Report | Don’t Catch a Falling Knife

https://private.tradingcentral.com/chart/74_20160127082044.gif

EUR/USD Intraday: the upside prevails.

Pivot: 1.082

Most likely scenario: long positions above 1.082 with targets @ 1.0895 & 1.092 in extension.

Alternative scenario: below 1.082 look for further downside with 1.08 & 1.0785 as targets.

Comment: the RSI is well directed.

 

Gold spot Intraday: further upside.

Pivot: 1114

Most likely scenario: long positions above 1114 with targets @ 1124.75 & 1128 in extension.

Alternative scenario: below 1114 look for further downside with 1109.5 & 1104.5 as targets.

Comment: the RSI is mixed to bullish.

https://private.tradingcentral.com/chart/169_20160127071312.gif

Crude Oil (WTI) (H6) Intraday: supported by a rising trend line.

Pivot: 29.95

Most likely scenario: long positions above 29.95 with targets @ 32.4 & 32.75 in extension.

Alternative scenario: below 29.95 look for further downside with 29.25 & 28.46 as targets.

Comment: the RSI is mixed to bullish.

https://private.tradingcentral.com/chart/174_20160127071313.gif

GBP/USD Intraday: the upside prevails.

Pivot: 1.4265

Most likely scenario: long positions above 1.4265 with targets @ 1.4395 & 1.445 in extension.

Alternative scenario: below 1.4265 look for further downside with 1.4225 & 1.4175 as targets.

Comment: technically the RSI is above its neutrality area at 50.

https://private.tradingcentral.com/chart/76_20160127070226.gif

USD/JPY Intraday: bullish bias above 117.95.

Pivot: 117.95

Most likely scenario: long positions above 117.95 with targets @ 118.6 & 118.85 in extension.

Alternative scenario: below 117.95 look for further downside with 117.6 & 117.2 as targets.

Comment: the RSI is mixed to bullish.

https://private.tradingcentral.com/chart/75_20160127065545.gif

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.698

Most likely scenario: long positions above 0.698 with targets @ 0.7045 & 0.7075 in extension.

Alternative scenario: below 0.698 look for further downside with 0.694 & 0.6915 as targets.

Comment: the RSI is well directed.

https://private.tradingcentral.com/chart/73_20160127065542.gif

Dax (Eurex) (H6) Intraday: bullish bias above 9675.

Pivot: 9675

Most likely scenario: long positions above 9675 with targets @ 9950 & 10000 in extension.

Alternative scenario: below 9675 look for further downside with 9560 & 9508 as targets.

Comment: the RSI is bullish and calls for further upside.

https://private.tradingcentral.com/chart/23359_20160127075546.gif

USD/CHF Intraday: bullish bias above 1.014.

Pivot: 1.014

Most likely scenario: long positions above 1.014 with targets @ 1.02 & 1.0215 in extension.

Alternative scenario: below 1.014 look for further downside with 1.011 & 1.0085 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

https://private.tradingcentral.com/chart/77_20160127070228.gif

USD/CAD Intraday: key resistance at 1.42.

Pivot: 1.42

Most likely scenario: short positions below 1.42 with targets @ 1.4045 & 1.3985 in extension.

Alternative scenario: above 1.42 look for further upside with 1.426 & 1.433 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

https://private.tradingcentral.com/chart/86_20160127070552.gif

EUR/JPY Intraday: bullish bias above 127.9.

Pivot: 127.9

Most likely scenario: long positions above 127.9 with targets @ 128.8 & 129.1 in extension.

Alternative scenario: below 127.9 look for further downside with 127.5 & 127.1 as targets.

Comment: the RSI is well directed.

https://private.tradingcentral.com/chart/79_20160127070426.gif

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Source:: EU session – Bullet Report | Don’t Catch a Falling Knife

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