Noor Capital P.S.C. licensed & regulated by the
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Noor Capital Daily Technical Strategies
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Thursday, June 16, 2016
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EUR/USD Intraday: the bias remains
bullish.
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Pivot: 1.1230
Our preference: long positions above 1.1230 with targets @ 1.1300
& 1.1320 in extension.
Alternative scenario: below 1.1230 look for further downside with
1.1210 & 1.1185 as targets.
Comment: the RSI shows upside momentum.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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USD/JPY Intraday: under pressure.
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Pivot: 105.60
Our preference: short positions below 105.60 with targets @ 103.40
& 102.70 in extension.
Alternative scenario: above 105.60 look for further upside with
106.00 & 106.40 as targets.
Comment: the RSI has broken down its 30 level.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.4130
Our preference: long positions above 1.4130 with targets @ 1.4230
& 1.4285 in extension.
Alternative scenario: below 1.4130 look for further downside with
1.4085 & 1.4050 as targets.
Comment: the RSI lacks downward momentum.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Gold spot Intraday: the upside prevails.
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Pivot: 1290.00
Our preference: long positions above 1290.00 with targets @
1320.00 & 1328.00 in extension.
Alternative scenario: below 1290.00 look for further downside with
1278.00 & 1265.00 as targets.
Comment: the RSI advocates for further advance.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Crude Oil (WTI) (N6) Intraday: under pressure.
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Pivot: 48.72
Our preference: short positions below 48.72 with targets @ 46.50
& 45.55 in extension.
Alternative scenario: above 48.72 look for further upside with
49.30 & 50.00 as targets.
Comment: the RSI is mixed with a bearish bias.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Dow Jones (CME) (U6) Intraday: the downside prevails.
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Pivot: 17600.00
Our preference: short positions below 17600.00 with targets @
17450.00 & 17380.00 in extension.
Alternative scenario: above 17600.00 look for further upside with
17670.00 & 17750.00 as targets.
Comment: the RSI is bearish and calls for further decline.
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Green Lines
Represent Resistances
| Red Lines Represent
Support Levels | Light Blue is a Pivot Point | Black represents the price when the report
was produced
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Copyright - TRADING CENTRAL
Noor Capital نور كابيتال
www.noorcap.ae
Dubai - UAE
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