Forex News(2016.01.20)

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

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

Pivot: 5800

Our preference: short positions below 5800 with targets @ 5640 & 5600 in extension.

Alternative scenario: above 5800 look for further upside with 5859 & 5900 as targets.

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

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

Pivot: 9630

Our preference: short positions below 9630 with targets @ 9255 & 9150 in extension.

Alternative scenario: above 9630 look for further upside with 9760 & 9945 as targets.

Comment: the RSI advocates for further downside.

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

Pivot: 16000

Our preference: short positions below 16000 with targets @ 15500 & 15400 in extension.

Alternative scenario: above 16000 look for further upside with 16190 & 16390 as targets.

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

EUR/USD Intraday: the upside prevails.

Pivot: 1.09

Our preference: long positions above 1.09 with targets @ 1.0965 & 1.0985 in extension.

Alternative scenario: below 1.09 look for further downside with 1.0855 & 1.0835 as targets.

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

GBP/USD Intraday: under pressure.

Pivot: 1.423

Our preference: short positions below 1.423 with targets @ 1.4125 & 1.408 in extension.

Alternative scenario: above 1.423 look for further upside with 1.427 & 1.432 as targets.

Comment: a break below 1.4125 would trigger a drop towards 1.408.

Gold spot Intraday: rebound expected.

Pivot: 1085

Our preference: long positions above 1085 with targets @ 1097 & 1106 in extension.

Alternative scenario: below 1085 look for further downside with 1080 & 1076 as targets.

Comment: the RSI is supported by a rising trend line.