Forex News (2016.01.14)

Source: ETX Capital Forex Broker (Review and Forex Rebates)

FTSE 100 (NYSE Liffe) (H6) Intraday: under pressure.

Pivot: 5965

Our preference: short positions below 5965 with targets @ 5770 & 5680 in extension.

Alternative scenario: above 5965 look for further upside with 6030 & 6065 as targets.

Comment: the RSI advocates for further decline.

Dax (Eurex) (H6) Intraday: the downside prevails.

Pivot: 10025

Our preference: short positions below 10025 with targets @ 9655 & 9580 in extension.

Alternative scenario: above 10025 look for further upside with 10165 & 10290 as targets.

Comment: the RSI is bearish and calls for further downside.

Dow Jones (CME) (H6) Intraday: the downside prevails.

Pivot: 16340

Our preference: short positions below 16340 with targets @ 15910 & 15750 in extension.

Alternative scenario: above 16340 look for further upside with 16530 & 16716 as targets.

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

EUR/USD Intraday: the upside prevails.

Pivot: 1.084

Our preference: long positions above 1.084 with targets @ 1.09 & 1.0945 in extension.

Alternative scenario: below 1.084 look for further downside with 1.08 & 1.077 as targets.

Comment: The pair has broken above the upper boundary of a bearish channel and remains on the upside.

GBP/USD Intraday: the downside prevails.

Pivot: 1.4475

Our preference: short positions below 1.4475 with targets @ 1.435 & 1.43 in extension.

Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets.

Comment: the RSI is mixed to bearish.

Gold spot Intraday: continuation of the rebound.

Pivot: 1084

Our preference: long positions above 1084 with targets @ 1099 & 1105 in extension.

Alternative scenario: below 1084 look for further downside with 1075 & 1070 as targets.

Comment: the RSI is mixed to bullish.