Daily Technical Analysis (2016.03.30)

Daily Technical Analysis (2016.03.30)

Source: Fxpro Forex Broker (Review and Forex Rebates Up to 85%)

EUR/USD Intraday: bullish bias above 1.1255.

Pivot: 1.1255

Most Likely Scenario: long positions above 1.1255 with targets @ 1.1305 & 1.1330 in extension.

Alternative scenario: below 1.1255 look for further downside with 1.1220 & 1.1175 as targets.

Comment: the RSI is well directed.

EUR/USD Chart

GBP/USD Intraday: the upside prevails.

Pivot: 1.4305

Most Likely Scenario: long positions above 1.4305 with targets @ 1.4405 & 1.4455 in extension.

Alternative scenario: below 1.4305 look for further downside with 1.4260 & 1.4225 as targets.

Comment: the RSI is mixed to bullish.

GBP/USD Chart

USD/JPY Intraday: under pressure.

Pivot: 113.20

Most Likely Scenario: short positions below 113.20 with targets @ 112.05 & 111.60 in extension.

Alternative scenario: above 113.20 look for further upside with 113.45 & 113.80 as targets.

Comment: the RSI is badly directed.

USD/JPY Chart

AUD/USD Intraday: the upside prevails.

Pivot: 0.7565

Most Likely Scenario: long positions above 0.7565 with targets @ 0.7645 & 0.7680 in extension.

Alternative scenario: below 0.7565 look for further downside with 0.7535 & 0.7510 as targets.

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

AUD/USD Chart