FXGrow Daily Technical Strategies 23.12.2015

EUR/USD Intraday: the bias remains bullish. Pivot: 1.09 Our preference: long positions above 1.09 with targets @ 1.098 & 1.101 in extension. Alternative scenario: below 1.09 look for further downside with 1.088 & 1.0845 as targets. Comment: the RSI lacks downward momentum. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: the downside prevails. Pivot: 1.4875 Our preference: short positions below 1.4875 with targets @ 1.48 & 1.476 in extension. Alternative scenario: above 1.4875 look for further upside with 1.491 & 1.495 as targets. Comment: the RSI lacks upward momentum. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: under pressure. Pivot: 121.5 Our preference: short positions below 121.5 with targets @ 120.65 & 120.3 in extension. Alternative scenario: above 121.5 look for further upside with 121.75 & 122.15 as targets. Comment: as long as 121.5 is resistance, look for choppy price action with a bearish bias. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

AUD/USD Intraday: the upside prevails. Pivot: 0.72 Our preference: long positions above 0.72 with targets @ 0.725 & 0.728 in extension. Alternative scenario: below 0.72 look for further downside with 0.718 & 0.715 as targets. Comment: the RSI is well directed. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

<td “=”” align=”left”> Pivot: 35.4Our preference: long positions above 35.4 with targets @ 36.9 & 37.35 in extension.Alternative scenario: below 35.4 look for further downside with 35 & 34.5 as targets.Comment: the RSI is mixed with a bullish bias. Crude Oil (WTI) (G6) Intraday: further upside.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Gold spot Intraday: under pressure.

Pivot: 1081.5 Our preference: short positions below 1081.5 with targets @ 1067 & 1059 in extension. Alternative scenario: above 1081.5 look for further upside with 1089 & 1094 as targets. Comment: as long as 1081.5 is resistance, look for choppy price action with a bearish bias.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced