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Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Monday, May 29, 2017

on Mon May 29, 2017 9:07 am
EUR/USD Intraday: under pressure.

Pivot: 1.1195
Most Likely Scenario: short positions below 1.1195 with targets at 1.1145 & 1.1115 in extension.
Alternative scenario: above 1.1195 look for further upside with 1.1230 & 1.1250 as targets.
Comment: the RSI is mixed to bearish.

GBP/USD Intraday: the downside prevails.

Pivot: 1.2850
Most Likely Scenario: short positions below 1.2850 with targets at 1.2770 & 1.2740 in extension.
Alternative scenario: above 1.2850 look for further upside with 1.2890 & 1.2925 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: key resistance at 111.45.

Pivot: 111.45
Most Likely Scenario: short positions below 111.45 with targets at 111.05 & 110.80 in extension.
Alternative scenario: above 111.45 look for further upside with 111.70 & 111.95 as targets.
Comment: the upward potential is likely to be limited by the resistance at 111.45.

AUD/USD Intraday: the downside prevails.

Pivot: 0.7460
Most Likely Scenario: short positions below 0.7460 with targets at 0.7430 & 0.7415 in extension.
Alternative scenario: above 0.7460 look for further upside with 0.7485 & 0.7510 as targets.
Comment: a break below 0.7430 would trigger a drop towards 0.7415.

Gold spot Intraday: the bias remains bullish.

Pivot: 1264.00
Most Likely Scenario: long positions above 1264.00 with targets at 1271.00 & 1274.00 in extension.
Alternative scenario: below 1264.00 look for further downside with 1259.50 & 1254.00 as targets.
Comment: a support base at 1264.00 has formed and has allowed for a temporary stabilisation.


Crude Oil (WTI) (N7) Intraday: further advance.

Pivot: 49.25
Most Likely Scenario: long positions above 49.25 with targets at 50.15 & 50.55 in extension.
Alternative scenario: below 49.25 look for further downside with 48.80 & 48.18 as targets.
Comment: the RSI is mixed to bullish.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Tuesday, May 30, 2017

on Tue May 30, 2017 10:28 am
EUR/USD Intraday: the downside prevails.

Pivot: 1.1165
Most Likely Scenario: short positions below 1.1165 with targets at 1.1115 & 1.1090 in extension.
Alternative scenario: above 1.1165 look for further upside with 1.1190 & 1.1225 as targets.
Comment: the RSI is mixed to bearish.

GBP/USD Intraday: the downside prevails.

Pivot: 1.2850
Most Likely Scenario: short positions below 1.2850 with targets at 1.2770 & 1.2740 in extension.
Alternative scenario: above 1.2850 look for further upside with 1.2890 & 1.2925 as targets.
Comment: a break below 1.2770 would trigger a drop towards 1.2740.

USD/JPY Intraday: under pressure.

Pivot: 111.20
Most Likely Scenario: short positions below 111.20 with targets at 110.55 & 110.20 in extension.
Alternative scenario: above 111.20 look for further upside with 111.45 & 111.70 as targets.
Comment: the RSI is mixed to bearish.

AUD/USD Intraday: the downside prevails.

Pivot: 0.7450
Most Likely Scenario: short positions below 0.7450 with targets at 0.7400 & 0.7385 in extension.
Alternative scenario: above 0.7450 look for further upside with 0.7470 & 0.7485 as targets.
Comment: the RSI is bearish and calls for further downside.

Gold spot Intraday: bullish bias above 1264.00.

Pivot: 1264.00
Most Likely Scenario: long positions above 1264.00 with targets at 1271.00 & 1274.00 in extension.
Alternative scenario: below 1264.00 look for further downside with 1259.50 & 1254.00 as targets.
Comment: a support base at 1264.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI) (N7) Intraday: further advance.

Pivot: 49.50
Most Likely Scenario: long positions above 49.50 with targets at 50.56 & 51.15 in extension.
Alternative scenario: below 49.50 look for further downside with 48.90 & 48.18 as targets.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Thursday, June 8, 2017

on Thu Jun 08, 2017 8:22 am
EUR/USD Intraday: bullish bias above 1.1240.

Pivot: 1.1240
Most Likely Scenario: long positions above 1.1240 with targets at 1.1285 & 1.1305 in extension.
Alternative scenario: below 1.1240 look for further downside with 1.1220 & 1.1205 as targets.
Comment: a support base at 1.1240 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: supported by a rising trend line.

Pivot: 1.2920
Most Likely Scenario: long positions above 1.2920 with targets at 1.2975 & 1.2995 in extension.
Alternative scenario: below 1.2920 look for further downside with 1.2895 & 1.2875 as targets.
Comment: the RSI is mixed to bullish.

USD/JPY Intraday: the upside prevails.

Pivot: 109.15
Most Likely Scenario: long positions above 109.15 with targets at 110.35 & 110.80 in extension.
Alternative scenario: below 109.15 look for further downside with 108.70 & 108.30 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: bullish bias above 0.7520.

Pivot: 0.7520
Most Likely Scenario: long positions above 0.7520 with targets at 0.7565 & 0.7580 in extension.
Alternative scenario: below 0.7520 look for further downside with 0.7500 & 0.7460 as targets.
Comment: a support base at 0.7520 has formed and has allowed for a temporary stabilisation.

Gold spot Intraday: the downside prevails.

Pivot: 1291.00
Most Likely Scenario: short positions below 1291.00 with targets at 1282.00 & 1277.50 in extension.
Alternative scenario: above 1291.00 look for further upside with 1295.00 & 1300.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Crude Oil (WTI) (N7) Intraday: under pressure.

Pivot: 46.67
Most Likely Scenario: short positions below 46.67 with targets at 45.65 & 45.25 in extension.
Alternative scenario: above 46.67 look for further upside with 46.95 & 47.57 as targets.
Comment: the RSI broke below a bullish trend line.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Re: Forex Serbia D. T. A.

on Mon Jun 12, 2017 12:51 pm
EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1180
Most Likely Scenario: long positions above 1.1180 with targets at 1.1230 & 1.1250 in extension.
Alternative scenario: below 1.1180 look for further downside with 1.1160 & 1.1135 as targets.
Comment: the RSI shows upside momentum.

GBP/USD Intraday: under pressure.

Pivot: 1.2780
Most Likely Scenario: short positions below 1.2780 with targets at 1.2700 & 1.2635 in extension.
Alternative scenario: above 1.2780 look for further upside with 1.2825 & 1.2880 as targets.
Comment: the RSI is mixed to bearish.

USD/JPY Intraday: turning down.

Pivot: 110.45
Most Likely Scenario: short positions below 110.45 with targets at 109.80 & 109.35 in extension.
Alternative scenario: above 110.45 look for further upside with 110.80 & 111.10 as targets.
Comment: the RSI is mixed to bearish.

AUD/USD Intraday: capped by a negative trend line.

Pivot: 0.7545
Most Likely Scenario: short positions below 0.7545 with targets at 0.7515 & 0.7500 in extension.
Alternative scenario: above 0.7545 look for further upside with 0.7565 & 0.7580 as targets.
Comment: a break below 0.7515 would trigger a drop towards 0.7500.

Gold spot Intraday: capped by a negative trend line.

Pivot: 1271.00
Most Likely Scenario: short positions below 1271.00 with targets at 1264.00 & 1258.50 in extension.
Alternative scenario: above 1271.00 look for further upside with 1276.00 & 1280.00 as targets.
Comment: the RSI is mixed with a bearish bias.

Crude Oil (WTI) (N7) Intraday: further upside.

Pivot: 45.20
Most Likely Scenario: long positions above 45.20 with targets at 46.75 & 47.10 in extension.
Alternative scenario: below 45.20 look for further downside with 44.60 & 44.15 as targets.
Comment: the RSI is supported by a rising trend line.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Re: Forex Serbia D. T. A.

on Fri Jun 16, 2017 8:34 am
EUR/USD Intraday: under pressure.

Pivot: 1.1185
Most Likely Scenario: short positions below 1.1185 with targets at 1.1110 & 1.1075 in extension.
Alternative scenario: above 1.1185 look for further upside with 1.1200 & 1.1230 as targets.
Comment: as long as the resistance at 1.1185 is not surpassed, the risk of the break below 1.1110 remains high.

GBP/USD Intraday: the upside prevails.

Pivot: 1.2720
Most Likely Scenario: long positions above 1.2720 with targets at 1.2815 & 1.2870 in extension.
Alternative scenario: below 1.2720 look for further downside with 1.2680 & 1.2635 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: further advance.

Pivot: 110.70
Most Likely Scenario: long positions above 110.70 with targets at 111.70 & 112.05 in extension.
Alternative scenario: below 110.70 look for further downside with 110.20 & 109.80 as targets.
Comment: the RSI is bullish and calls for further advance.

AUD/USD Intraday: key resistance at 0.7605.

Pivot: 0.7605
Most Likely Scenario: short positions below 0.7605 with targets at 0.7565 & 0.7545 in extension.
Alternative scenario: above 0.7605 look for further upside with 0.7635 & 0.7655 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7605.

Gold spot Intraday: the downside prevails.

Pivot: 1261.00
Most Likely Scenario: short positions below 1261.00 with targets at 1247.50 & 1241.00 in extension.
Alternative scenario: above 1261.00 look for further upside with 1266.00 & 1271.00 as targets.
Comment: the RSI is mixed with a bearish bias.

Crude Oil (WTI) (N7) Intraday: under pressure.

Pivot: 44.80
Most Likely Scenario: short positions below 44.80 with targets at 44.15 & 43.75 in extension.
Alternative scenario: above 44.80 look for further upside with 45.20 & 45.50 as targets.
Comment: the upward potential is likely to be limited by the resistance at 44.80.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Tuesday, June 20, 2017

on Tue Jun 20, 2017 8:52 am
EUR/USD Intraday: under pressure.

Pivot: 1.1185
Most Likely Scenario: short positions below 1.1185 with targets at 1.1130 & 1.1100 in extension.
Alternative scenario: above 1.1185 look for further upside with 1.1210 & 1.1230 as targets.
Comment: as long as the resistance at 1.1185 is not surpassed, the risk of the break below 1.1130 remains high.

GBP/USD Intraday: the downside prevails.

Pivot: 1.2765
Most Likely Scenario: short positions below 1.2765 with targets at 1.2720 & 1.2690 in extension.
Alternative scenario: above 1.2765 look for further upside with 1.2790 & 1.2815 as targets.
Comment: a break below 1.2720 would trigger a drop towards 1.2690.

USD/JPY Intraday: further advance.

Pivot: 111.15
Most Likely Scenario: long positions above 111.15 with targets at 112.10 & 112.50 in extension.
Alternative scenario: below 111.15 look for further downside with 110.85 & 110.60 as targets.
Comment: the RSI is bullish and calls for further advance.

AUD/USD Intraday: capped by a negative trend line.

Pivot: 0.7615
Most Likely Scenario: short positions below 0.7615 with targets at 0.7580 & 0.7565 in extension.
Alternative scenario: above 0.7615 look for further upside with 0.7630 & 0.7655 as targets.
Comment: as long as the resistance at 0.7615 is not surpassed, the risk of the break below 0.7580 remains high.

Gold spot Intraday: under pressure.

Pivot: 1250.00
Most Likely Scenario: short positions below 1250.00 with targets at 1240.00 & 1237.50 in extension.
Alternative scenario: above 1250.00 look for further upside with 1257.00 & 1261.00 as targets.
Comment: as long as 1250.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI) (N7) Intraday: the downside prevails.

Pivot: 44.75
Most Likely Scenario: short positions below 44.75 with targets at 43.90 & 43.50 in extension.
Alternative scenario: above 44.75 look for further upside with 45.20 & 45.50 as targets.
Comment: the RSI lacks upward momentum.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre US Open, Daily Technical Analysis Tuesday, June 20, 2017

on Tue Jun 20, 2017 1:13 pm
EUR/USD Intraday: under pressure.

Pivot: 1.1185
Most Likely Scenario: short positions below 1.1185 with targets at 1.1130 & 1.1100 in extension.
Alternative scenario: above 1.1185 look for further upside with 1.1210 & 1.1230 as targets.
Comment: as long as the resistance at 1.1185 is not surpassed, the risk of the break below 1.1130 remains high.

GBP/USD Intraday: under pressure.

Pivot: 1.2760
Most Likely Scenario: short positions below 1.2760 with targets at 1.2660 & 1.2635 in extension.
Alternative scenario: above 1.2760 look for further upside with 1.2790 & 1.2815 as targets.
Comment: the RSI shows downside momentum.

USD/JPY Intraday: further advance.

Pivot: 111.15
Most Likely Scenario: long positions above 111.15 with targets at 112.10 & 112.50 in extension.
Alternative scenario: below 111.15 look for further downside with 110.85 & 110.60 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: rebound.

Pivot: 0.7580
Most Likely Scenario: long positions above 0.7580 with targets at 0.7630 & 0.7655 in extension.
Alternative scenario: below 0.7580 look for further downside with 0.7565 & 0.7550 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: key resistance at 1250.00.

Pivot: 1250.00
Most Likely Scenario: short positions below 1250.00 with targets at 1240.00 & 1237.50 in extension.
Alternative scenario: above 1250.00 look for further upside with 1257.00 & 1261.00 as targets.
Comment: as long as 1250.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI) (N7) Intraday: the downside prevails.

Pivot: 44.75
Most Likely Scenario: short positions below 44.75 with targets at 43.90 & 43.50 in extension.
Alternative scenario: above 44.75 look for further upside with 45.20 & 45.50 as targets.
Comment: the RSI lacks upward momentum.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Thursday, June 22, 2017

on Thu Jun 22, 2017 8:16 am
EUR/USD Intraday: further upside.

Pivot: 1.1135
Most Likely Scenario: long positions above 1.1135 with targets at 1.1185 & 1.1210 in extension.
Alternative scenario: below 1.1135 look for further downside with 1.1115 & 1.1080 as targets.
Comment: the RSI is supported by a rising trend line.

GBP/USD Intraday: bullish bias above 1.2635.

Pivot: 1.2635
Most Likely Scenario: long positions above 1.2635 with targets at 1.2680 & 1.2710 in extension.
Alternative scenario: below 1.2635 look for further downside with 1.2615 & 1.2585 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/JPY Intraday: the downside prevails.

Pivot: 111.45
Most Likely Scenario: short positions below 111.45 with targets at 110.85 & 110.60 in extension.
Alternative scenario: above 111.45 look for further upside with 111.75 & 112.10 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: under pressure.

Pivot: 0.7575
Most Likely Scenario: short positions below 0.7575 with targets at 0.7530 & 0.7510 in extension.
Alternative scenario: above 0.7575 look for further upside with 0.7600 & 0.7625 as targets.
Comment: as long as 0.7575 is resistance, look for choppy price action with a bearish bias.

Gold spot Intraday: rebound in sight.

Pivot: 1241.00
Most Likely Scenario: long positions above 1241.00 with targets at 1257.00 & 1260.00 in extension.
Alternative scenario: below 1241.00 look for further downside with 1237.50 & 1232.50 as targets.
Comment: the RSI is mixed with a bullish bias.

Crude Oil (WTI) (Q7) Intraday: under pressure.

Pivot: 43.25
Most Likely Scenario: short positions below 43.25 with targets at 42.00 & 41.60 in extension.
Alternative scenario: above 43.25 look for further upside with 44.20 & 44.70 as targets.
Comment: the RSI lacks upward momentum.
Special User
Special User
Broj poruka : 885
Date of Entry : 2014-06-26
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Friday, June 23, 2017

on Fri Jun 23, 2017 9:26 am
EUR/USD Intraday: key resistance at 1.1170.

Pivot: 1.1170
Most Likely Scenario: short positions below 1.1170 with targets at 1.1135 & 1.1115 in extension.
Alternative scenario: above 1.1170 look for further upside with 1.1185 & 1.1210 as targets.
Comment: as long as the resistance at 1.1170 is not surpassed, the risk of the break below 1.1135 remains high.

GBP/USD Intraday: the upside prevails.

Pivot: 1.2650
Most Likely Scenario: long positions above 1.2650 with targets at 1.2710 & 1.2750 in extension.
Alternative scenario: below 1.2650 look for further downside with 1.2615 & 1.2585 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: under pressure.

Pivot: 111.45
Most Likely Scenario: short positions below 111.45 with targets at 111.05 & 110.85 in extension.
Alternative scenario: above 111.45 look for further upside with 111.75 & 112.10 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: key resistance at 0.7560.

Pivot: 0.7560
Most Likely Scenario: short positions below 0.7560 with targets at 0.7530 & 0.7510 in extension.
Alternative scenario: above 0.7560 look for further upside with 0.7575 & 0.7600 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Gold spot Intraday: bullish bias above 1246.00.

Pivot: 1246.00
Most Likely Scenario: long positions above 1246.00 with targets at 1257.00 & 1260.00 in extension.
Alternative scenario: below 1246.00 look for further downside with 1241.00 & 1237.50 as targets.
Comment: the RSI is mixed with a bullish bias.

Crude Oil (WTI) (Q7) Intraday: capped by a negative trend line.

Pivot: 43.25
Most Likely Scenario: short positions below 43.25 with targets at 42.30 & 42.00 in extension.
Alternative scenario: above 43.25 look for further upside with 43.75 & 44.20 as targets.
Comment: the RSI lacks upward momentum.
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Special User
Special User
Broj poruka : 885
Points : 2409
Date of Entry : 2014-06-26
Godina : 36
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Monday, July 3, 2017

on Mon Jul 03, 2017 8:30 am

EUR/USD Intraday: bullish bias above 1.1390.

Pivot: 1.1390
Most Likely Scenario: long positions above 1.1390 with targets at 1.1445 & 1.1465 in extension.
Alternative scenario: below 1.1390 look for further downside with 1.1350 & 1.1325 as targets.
Comment: a support base at 1.1390 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: caution.

Pivot: 1.2985
Most Likely Scenario: long positions above 1.2985 with targets at 1.3030 & 1.3075 in extension.
Alternative scenario: below 1.2985 look for further downside with 1.2950 & 1.2910 as targets.
Comment: intraday technical indicators are mixed and call for caution.

USD/JPY Intraday: towards 112.65.

Pivot: 112.15
Most Likely Scenario: long positions above 112.15 with targets at 112.65 & 112.92 in extension.
Alternative scenario: below 112.15 look for further downside with 111.70 & 111.35 as targets.
Comment: the RSI calls for a new upleg.

AUD/USD Intraday: turning down.

Pivot: 0.7695
Most Likely Scenario: short positions below 0.7695 with targets at 0.7650 & 0.7630 in extension.
Alternative scenario: above 0.7695 look for further upside with 0.7710 & 0.7730 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: the downside prevails.

Pivot: 1243.00
Most Likely Scenario: short positions below 1243.00 with targets at 1233.00 & 1230.00 in extension.
Alternative scenario: above 1243.00 look for further upside with 1245.00 & 1248.00 as targets.
Comment: as long as 1243.00 is resistance, likely decline to 1233.00.

Crude Oil (WTI) (Q7) Intraday: the upside prevails.

Pivot: 45.45
Most Likely Scenario: long positions above 45.45 with targets at 46.50 & 47.00 in extension.
Alternative scenario: below 45.45 look for further downside with 45.05 & 44.63 as targets.
Comment: the RSI is mixed with a bullish bias.

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Special User
Special User
Broj poruka : 885
Points : 2409
Date of Entry : 2014-06-26
Godina : 36
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Wednesday, July 5, 2017

on Wed Jul 05, 2017 8:42 am
EUR/USD Intraday: under pressure.

Pivot: 1.1375
Most Likely Scenario: short positions below 1.1375 with targets at 1.1335 & 1.1315 in extension.
Alternative scenario: above 1.1375 look for further upside with 1.1400 & 1.1425 as targets.
Comment: as long as the resistance at 1.1375 is not surpassed, the risk of the break below 1.1335 remains high.

GBP/USD Intraday: towards 1.2910.

Pivot: 1.2960
Most Likely Scenario: short positions below 1.2960 with targets at 1.2910 & 1.2860 in extension.
Alternative scenario: above 1.2960 look for further upside with 1.2990 & 1.3030 as targets.
Comment: a break below 1.2910 would trigger a drop towards 1.2860.

USD/JPY Intraday: rebound expected.

Pivot: 112.80
Most Likely Scenario: long positions above 112.80 with targets at 113.45 & 113.70 in extension.
Alternative scenario: below 112.80 look for further downside with 112.40 & 112.15 as targets.
Comment: the RSI calls for a new upleg.

AUD/USD Intraday: key resistance at 0.7630.

Pivot: 0.7630
Most Likely Scenario: short positions below 0.7630 with targets at 0.7585 & 0.7560 in extension.
Alternative scenario: above 0.7630 look for further upside with 0.7645 & 0.7680 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7630.

Gold spot Intraday: rebound.

Pivot: 1219.00
Most Likely Scenario: long positions above 1219.00 with targets at 1234.50 & 1240.50 in extension.
Alternative scenario: below 1219.00 look for further downside with 1215.00 & 1211.00 as targets.
Comment: the RSI calls for a bounce.

Crude Oil (WTI) (Q7) Intraday: the upside prevails.

Pivot: 46.45
Most Likely Scenario: long positions above 46.45 with targets at 47.80 & 48.60 in extension.
Alternative scenario: below 46.45 look for further downside with 46.00 & 45.40 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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Special User
Special User
Broj poruka : 885
Points : 2409
Date of Entry : 2014-06-26
Godina : 36
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Thursday, July 6, 2017

on Thu Jul 06, 2017 10:13 am
EUR/USD Intraday: under pressure.

Pivot: 1.1370
Most Likely Scenario: short @ 1.1338 with targets @ 1.1315 & 1.1290 in extension.
Alternative scenario: above 1.1370 look for further upside with 1.1400 & 1.1425 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD Intraday: caution.

Pivot: 1.2950
Most Likely Scenario: short positions below 1.2950 with targets at 1.2895 & 1.2860 in extension.
Alternative scenario: above 1.2950 look for further upside with 1.2990 & 1.3030 as targets.
Comment: intraday technical indicators are mixed and call for caution.

USD/JPY Intraday: the downside prevails.

Pivot: 113.45
Most Likely Scenario: short positions below 113.45 with targets at 112.80 & 112.40 in extension.
Alternative scenario: above 113.45 look for further upside with 113.70 & 114.00 as targets.
Comment: a break below 112.80 would trigger a drop towards 112.40.

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7575
Most Likely Scenario: long positions above 0.7575 with targets at 0.7620 & 0.7635 in extension.
Alternative scenario: below 0.7575 look for further downside with 0.7560 & 0.7535 as targets.
Comment: the RSI calls for a new upleg.

Gold spot Intraday: continuation of the rebound.

Pivot: 1217.80
Most Likely Scenario: long positions above 1217.80 with targets at 1230.00 & 1235.00 in extension.
Alternative scenario: below 1217.80 look for further downside with 1215.00 & 1211.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.

Crude Oil (WTI) (Q7) Intraday: key resistance at 45.85.

Pivot: 45.85
Most Likely Scenario: short positions below 45.85 with targets at 44.75 & 44.35 in extension.
Alternative scenario: above 45.85 look for further upside with 46.55 & 47.25 as targets.
Comment: the RSI is mixed with a bearish bias.
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Special User
Special User
Broj poruka : 885
Points : 2409
Date of Entry : 2014-06-26
Godina : 36
View user profilehttps://www.fxsforexsrbijaforum.com/

Pre European Open, Daily Technical Analysis Friday, July 7, 2017

on Fri Jul 07, 2017 8:55 am
EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1390
Most Likely Scenario: long positions above 1.1390 with targets at 1.1445 & 1.1465 in extension.
Alternative scenario: below 1.1390 look for further downside with 1.1365 & 1.1340 as targets.
Comment: the RSI lacks downward momentum.

GBP/USD Intraday: the upside prevails.

Pivot: 1.2945
Most Likely Scenario: long positions above 1.2945 with targets at 1.2985 & 1.3005 in extension.
Alternative scenario: below 1.2945 look for further downside with 1.2915 & 1.2895 as targets.
Comment: the RSI is supported by a rising trend line.

USD/JPY Intraday: the upside prevails.

Pivot: 113.05
Most Likely Scenario: long positions above 113.05 with targets at 114.00 & 114.40 in extension.
Alternative scenario: below 113.05 look for further downside with 112.80 & 112.40 as targets.
Comment: the RSI calls for a new upleg.

AUD/USD Intraday: key resistance at 0.7600.

Pivot: 0.7600
Most Likely Scenario: short positions below 0.7600 with targets at 0.7570 & 0.7550 in extension.
Alternative scenario: above 0.7600 look for further upside with 0.7615 & 0.7635 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7600.

Gold spot Intraday: under pressure.

Pivot: 1226.00
Most Likely Scenario: short positions below 1226.00 with targets at 1215.00 & 1211.00 in extension.
Alternative scenario: above 1226.00 look for further upside with 1230.00 & 1235.00 as targets.
Comment: the RSI is bearish and calls for further decline.

Crude Oil (WTI) (Q7) Intraday: the downside prevails.

Pivot: 45.60
Most Likely Scenario: short positions below 45.60 with targets at 44.35 & 44.00 in extension.
Alternative scenario: above 45.60 look for further upside with 45.85 & 46.15 as targets.
Comment: the RSI is bearish and calls for further downside.
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Pre European Open, Daily Technical Analysis Monday, July 10, 2017

on Mon Jul 10, 2017 10:36 am
EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1380
Most Likely Scenario: long positions above 1.1380 with targets at 1.1425 & 1.1445 in extension.
Alternative scenario: below 1.1380 look for further downside with 1.1360 & 1.1340 as targets.
Comment: a support base at 1.1380 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: key resistance at 1.2915.

Pivot: 1.2915
Most Likely Scenario: short positions below 1.2915 with targets at 1.2870 & 1.2850 in extension.
Alternative scenario: above 1.2915 look for further upside with 1.2945 & 1.2975 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: 114.20 in sight.

Pivot: 113.80
Most Likely Scenario: long positions above 113.80 with targets at 114.20 & 114.40 in extension.
Alternative scenario: below 113.80 look for further downside with 113.50 & 113.10 as targets.
Comment: the RSI is bullish and calls for further upside.

AUD/USD Intraday: the upside prevails.

Pivot: 0.7590
Most Likely Scenario: long positions above 0.7590 with targets at 0.7625 & 0.7645 in extension.
Alternative scenario: below 0.7590 look for further downside with 0.7570 & 0.7550 as targets.
Comment: the RSI is bullish and calls for further upside.

Gold spot Intraday: under pressure.

Pivot: 1217.50
Most Likely Scenario: short positions below 1217.50 with targets at 1205.00 & 1199.00 in extension.
Alternative scenario: above 1217.50 look for further upside with 1222.00 & 1226.00 as targets.
Comment: the RSI lacks upward momentum.

Crude Oil (WTI) (Q7) Intraday: key resistance at 44.85.

Pivot: 44.85
Most Likely Scenario: short positions below 44.85 with targets at 43.75 & 43.32 in extension.
Alternative scenario: above 44.85 look for further upside with 45.40 & 45.85 as targets.
Comment: the RSI is mixed with a bearish bias.
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Pre European Open, Daily Technical Analysis Tuesday, July 11, 2017

on Tue Jul 11, 2017 10:24 am
EUR/USD Intraday: caution.

Pivot: 1.1380
Most Likely Scenario: long positions above 1.1380 with targets at 1.1410 & 1.1425 in extension.
Alternative scenario: below 1.1380 look for further downside with 1.1360 & 1.1340 as targets.
Comment: intraday technical indicators are mixed and call for caution.

GBP/USD Intraday: under pressure.

Pivot: 1.2895
Most Likely Scenario: short @ 1.2877 with targets @ 1.2855 & 1.2825 in extension.
Alternative scenario: above 1.2895 look for further upside with 1.2920 & 1.2945 as targets.
Comment: as long as the resistance at 1.2895 is not surpassed, the risk of the break below 1.2855 remains high.

USD/JPY Intraday: further upside.

Pivot: 113.95
Most Likely Scenario: long positions above 113.95 with targets at 114.65 & 114.90 in extension.
Alternative scenario: below 113.95 look for further downside with 113.50 & 113.10 as targets.
Comment: the RSI is bullish and calls for further upside.

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7595
Most Likely Scenario: long positions above 0.7595 with targets at 0.7620 & 0.7630 in extension.
Alternative scenario: below 0.7595 look for further downside with 0.7585 & 0.7570 as targets.
Comment: technically the RSI is above its neutrality area at 50.

Gold spot Intraday: under pressure.

Pivot: 1215.50
Most Likely Scenario: short positions below 1215.50 with targets at 1209.00 & 1205.00 in extension.
Alternative scenario: above 1215.50 look for further upside with 1219.00 & 1222.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Crude Oil (WTI) (Q7) Intraday: under pressure.

Pivot: 44.85
Most Likely Scenario: short positions below 44.85 with targets at 43.70 & 43.32 in extension.
Alternative scenario: above 44.85 look for further upside with 45.40 & 45.85 as targets.
Comment: the RSI lacks upward momentum.
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Pre European Open, Daily Technical Analysis Wednesday, July 12, 2017

on Wed Jul 12, 2017 9:57 am
EUR/USD Intraday: 1.1495 in sight.

Pivot: 1.1440
Most Likely Scenario: long positions above 1.1440 with targets at 1.1495 & 1.1515 in extension.
Alternative scenario: below 1.1440 look for further downside with 1.1400 & 1.1380 as targets.
Comment: the RSI is bullish and calls for further upside.

GBP/USD Intraday: key resistance at 1.2870.

Pivot: 1.2870
Most Likely Scenario: short positions below 1.2870 with targets at 1.2825 & 1.2805 in extension.
Alternative scenario: above 1.2870 look for further upside with 1.2895 & 1.2920 as targets.
Comment: the index currently faces a challenging resistance area at 1.2870.

USD/JPY Intraday: the downside prevails.

Pivot: 113.95
Most Likely Scenario: short positions below 113.95 with targets at 113.10 & 112.80 in extension.
Alternative scenario: above 113.95 look for further upside with 114.20 & 114.50 as targets.
Comment: the RSI lacks upward momentum.

AUD/USD Intraday: the upside prevails.

Pivot: 0.7625
Most Likely Scenario: long positions above 0.7625 with targets at 0.7670 & 0.7690 in extension.
Alternative scenario: below 0.7625 look for further downside with 0.7600 & 0.7585 as targets.
Comment: technically the RSI is above its neutrality area at 50.

Gold spot Intraday: further upside.

Pivot: 1213.00
Most Likely Scenario: long positions above 1213.00 with targets at 1226.00 & 1229.00 in extension.
Alternative scenario: below 1213.00 look for further downside with 1208.00 & 1205.00 as targets.
Comment: the RSI is bullish and calls for further upside.

Crude Oil (WTI) (Q7) Intraday: the upside prevails.

Pivot: 44.85
Most Likely Scenario: long positions above 44.85 with targets at 46.50 & 46.90 in extension.
Alternative scenario: below 44.85 look for further downside with 44.30 & 43.70 as targets.
Comment: the RSI shows upside momentum.
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Re: Forex Serbia D. T. A.

on Thu Jul 13, 2017 9:07 am
EUR/USD Intraday: caution.

Pivot: 1.1445
Most Likely Scenario: short positions below 1.1445 with targets at 1.1410 & 1.1380 in extension.
Alternative scenario: above 1.1445 look for further upside with 1.1470 & 1.1490 as targets.
Comment: intraday technical indicators are mixed and call for caution.

GBP/USD Intraday: target 1.2920.

Pivot: 1.2855
Most Likely Scenario: long positions above 1.2855 with targets at 1.2920 & 1.2945 in extension.
Alternative scenario: below 1.2855 look for further downside with 1.2810 & 1.2770 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: the downside prevails.

Pivot: 113.60
Most Likely Scenario: short positions below 113.60 with targets at 112.60 & 112.40 in extension.
Alternative scenario: above 113.60 look for further upside with 113.95 & 114.25 as targets.
Comment: as long as 113.60 is resistance, look for choppy price action with a bearish bias.

AUD/USD Intraday: further advance.

Pivot: 0.7665
Most Likely Scenario: long positions above 0.7665 with targets at 0.7710 & 0.7730 in extension.
Alternative scenario: below 0.7665 look for further downside with 0.7640 & 0.7625 as targets.
Comment: the RSI is bullish and calls for further advance.

Gold spot Intraday: the upside prevails.

Pivot: 1217.60
Most Likely Scenario: long positions above 1217.60 with targets at 1226.00 & 1229.00 in extension.
Alternative scenario: below 1217.60 look for further downside with 1213.00 & 1208.00 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (Q7) Intraday: bullish bias above 45.10.

Pivot: 45.10
Most Likely Scenario: long positions above 45.10 with targets at 46.15 & 46.50 in extension.
Alternative scenario: below 45.10 look for further downside with 44.85 & 44.30 as targets.
Comment: a support base at 45.10 has formed and has allowed for a temporary stabilisation.
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Re: Forex Serbia D. T. A.

on Thu Jul 13, 2017 9:07 am
EUR/USD Intraday: caution.

Pivot: 1.1445
Most Likely Scenario: short positions below 1.1445 with targets at 1.1410 & 1.1380 in extension.
Alternative scenario: above 1.1445 look for further upside with 1.1470 & 1.1490 as targets.
Comment: intraday technical indicators are mixed and call for caution.

GBP/USD Intraday: target 1.2920.

Pivot: 1.2855
Most Likely Scenario: long positions above 1.2855 with targets at 1.2920 & 1.2945 in extension.
Alternative scenario: below 1.2855 look for further downside with 1.2810 & 1.2770 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: the downside prevails.

Pivot: 113.60
Most Likely Scenario: short positions below 113.60 with targets at 112.60 & 112.40 in extension.
Alternative scenario: above 113.60 look for further upside with 113.95 & 114.25 as targets.
Comment: as long as 113.60 is resistance, look for choppy price action with a bearish bias.

AUD/USD Intraday: further advance.

Pivot: 0.7665
Most Likely Scenario: long positions above 0.7665 with targets at 0.7710 & 0.7730 in extension.
Alternative scenario: below 0.7665 look for further downside with 0.7640 & 0.7625 as targets.
Comment: the RSI is bullish and calls for further advance.

Gold spot Intraday: the upside prevails.

Pivot: 1217.60
Most Likely Scenario: long positions above 1217.60 with targets at 1226.00 & 1229.00 in extension.
Alternative scenario: below 1217.60 look for further downside with 1213.00 & 1208.00 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (Q7) Intraday: bullish bias above 45.10.

Pivot: 45.10
Most Likely Scenario: long positions above 45.10 with targets at 46.15 & 46.50 in extension.
Alternative scenario: below 45.10 look for further downside with 44.85 & 44.30 as targets.
Comment: a support base at 45.10 has formed and has allowed for a temporary stabilisation.
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Pre European Open, Daily Technical Analysis Friday, July 14, 2017

on Fri Jul 14, 2017 10:49 am
EUR/USD Intraday: key resistance at 1.1425.

Pivot: 1.1425
Most Likely Scenario: short positions below 1.1425 with targets at 1.1370 & 1.1340 in extension.
Alternative scenario: above 1.1425 look for further upside with 1.1455 & 1.1470 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1425.

GBP/USD Intraday: further advance.

Pivot: 1.2910
Most Likely Scenario: long positions above 1.2910 with targets at 1.2975 & 1.3000 in extension.
Alternative scenario: below 1.2910 look for further downside with 1.2875 & 1.2855 as targets.
Comment: the RSI is bullish and calls for further advance.

USD/JPY Intraday: the upside prevails.

Pivot: 113.10
Most Likely Scenario: long positions above 113.10 with targets at 113.70 & 113.95 in extension.
Alternative scenario: below 113.10 look for further downside with 112.85 & 112.60 as targets.
Comment: the RSI is bullish and calls for further upside.

AUD/USD Intraday: supported by a rising trend line.

Pivot: 0.7710
Most Likely Scenario: long positions above 0.7710 with targets at 0.7750 & 0.7770 in extension.
Alternative scenario: below 0.7710 look for further downside with 0.7685 & 0.7655 as targets.
Comment: the RSI calls for a new upleg.

Gold spot Intraday: the downside prevails.

Pivot: 1219.50
Most Likely Scenario: short positions below 1219.50 with targets at 1213.00 & 1211.00 in extension.
Alternative scenario: above 1219.50 look for further upside with 1221.00 & 1224.50 as targets.
Comment: the RSI advocates for further decline.

Crude Oil (WTI) (Q7) Intraday: rebound.

Pivot: 45.55
Most Likely Scenario: long positions above 45.55 with targets at 46.50 & 46.80 in extension.
Alternative scenario: below 45.55 look for further downside with 45.00 & 44.60 as targets.
Comment: the RSI is mixed to bullish.
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Pre European Open, Daily Technical Analysis Monday, July 17, 2017

on Mon Jul 17, 2017 9:20 am
EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1435
Most Likely Scenario: long positions above 1.1435 with targets at 1.1490 & 1.1515 in extension.
Alternative scenario: below 1.1435 look for further downside with 1.1410 & 1.1380 as targets.
Comment: The pair has broken above a bearish channel resistance.

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.3030
Most Likely Scenario: long positions above 1.3030 with targets at 1.3150 & 1.3210 in extension.
Alternative scenario: below 1.3030 look for further downside with 1.2980 & 1.2950 as targets.
Comment: technically the RSI is above its neutrality area at 50.

USD/JPY Intraday: key resistance at 112.85.

Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets at 112.25 & 111.90 in extension.
Alternative scenario: above 112.85 look for further upside with 113.15 & 113.55 as targets.
Comment: the upward potential is likely to be limited by the resistance at 112.85.

AUD/USD Intraday: bullish bias above 0.7765.

Pivot: 0.7765
Most Likely Scenario: long positions above 0.7765 with targets at 0.7850 & 0.7880 in extension.
Alternative scenario: below 0.7765 look for further downside with 0.7735 & 0.7710 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Gold spot Intraday: the upside prevails.

Pivot: 1223.00
Most Likely Scenario: long positions above 1223.00 with targets at 1236.00 & 1239.00 in extension.
Alternative scenario: below 1223.00 look for further downside with 1219.50 & 1216.00 as targets.
Comment: the RSI broke above a declining trend line.

Crude Oil (WTI) (Q7) Intraday: bullish bias above 46.20.

Pivot: 46.20
Most Likely Scenario: long positions above 46.20 with targets at 47.10 & 47.47 in extension.
Alternative scenario: below 46.20 look for further downside with 45.80 & 45.52 as targets.
Comment: a support base at 46.20 has formed and has allowed for a temporary stabilisation.
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Pre European Open, Daily Technical Analysis Wednesday, July 19, 2017

on Wed Jul 19, 2017 11:20 am
EUR/USD Intraday: bullish bias above 1.1510.

Pivot: 1.1510
Most Likely Scenario: long positions above 1.1510 with targets at 1.1565 & 1.1585 in extension.
Alternative scenario: below 1.1510 look for further downside with 1.1485 & 1.1470 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD Intraday: under pressure.

Pivot: 1.3060
Most Likely Scenario: short positions below 1.3060 with targets at 1.3000 & 1.2950 in extension.
Alternative scenario: above 1.3060 look for further upside with 1.3085 & 1.3115 as targets.
Comment: the RSI is mixed to bearish.

USD/JPY Intraday: key resistance at 112.40.

Pivot: 112.40
Most Likely Scenario: short positions below 112.40 with targets at 111.75 & 111.50 in extension.
Alternative scenario: above 112.40 look for further upside with 112.85 & 113.15 as targets.
Comment: the RSI is mixed to bearish.

AUD/USD Intraday: the upside prevails.

Pivot: 0.7865
Most Likely Scenario: long positions above 0.7865 with targets at 0.7950 & 0.7990 in extension.
Alternative scenario: below 0.7865 look for further downside with 0.7835 & 0.7785 as targets.
Comment: the RSI is mixed to bullish.

Gold spot Intraday: supported by a rising trend line.

Pivot: 1238.00
Most Likely Scenario: long positions above 1238.00 with targets at 1247.00 & 1250.00 in extension.
Alternative scenario: below 1238.00 look for further downside with 1232.50 & 1227.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Crude Oil (WTI) (Q7) Intraday: rebound.

Pivot: 46.05
Most Likely Scenario: long positions above 46.05 with targets at 46.65 & 46.90 in extension.
Alternative scenario: below 46.05 look for further downside with 45.80 & 45.60 as targets.
Comment: a support base at 46.05 has formed and has allowed for a temporary stabilisation. Prices are ranging within a bullish channel.
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Pre European Open, Daily Technical Analysis Thursday, July 20, 2017

on Thu Jul 20, 2017 9:42 am
EUR/USD Intraday: under pressure.

Pivot: 1.1545
Most Likely Scenario: short positions below 1.1545 with targets at 1.1485 & 1.1460 in extension.
Alternative scenario: above 1.1545 look for further upside with 1.1585 & 1.1620 as targets.
Comment: the RSI has just broken below a bullish trend line.

GBP/USD Intraday: under pressure.

Pivot: 1.3060
Most Likely Scenario: short positions below 1.3060 with targets at 1.3000 & 1.2950 in extension.
Alternative scenario: above 1.3060 look for further upside with 1.3085 & 1.3115 as targets.
Comment: the RSI is capped by a bearish trend line.

USD/JPY Intraday: rebound.

Pivot: 111.70
Most Likely Scenario: long positions above 111.70 with targets at 112.40 & 112.85 in extension.
Alternative scenario: below 111.70 look for further downside with 111.50 & 111.20 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: bullish bias above 0.7910.

Pivot: 0.7910
Most Likely Scenario: long positions above 0.7910 with targets at 0.7990 & 0.8030 in extension.
Alternative scenario: below 0.7910 look for further downside with 0.7865 & 0.7835 as targets.
Comment: the RSI lacks downward momentum.

Gold spot Intraday: break of a ST rising trendline support.

Pivot: 1244.50
Most Likely Scenario: short positions below 1244.50 with targets at 1235.70 & 1232.50 in extension.
Alternative scenario: above 1244.50 look for further upside with 1248.00 & 1252.00 as targets.
Comment: the RSI is capped by a declining trend line.

Crude Oil (WTI) (Q7) Intraday: rebound.

Pivot: 46.65
Most Likely Scenario: long positions above 46.65 with targets at 47.45 & 47.75 in extension.
Alternative scenario: below 46.65 look for further downside with 46.35 & 46.05 as targets.
Comment: the RSI is mixed to bullish. Prices are ranging within a bullish channel.
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Pre European Open, Daily Technical Analysis Wednesday, July 26, 2017

Today at 9:29 am
EUR/USD Intraday: under pressure.

Pivot: 1.1680
Most Likely Scenario: short positions below 1.1680 with targets at 1.1615 & 1.1585 in extension.
Alternative scenario: above 1.1680 look for further upside with 1.1710 & 1.1750 as targets.
Comment: a break below 1.1615 would trigger a drop towards 1.1585.

GBP/USD Intraday: bullish bias above 1.3010.

Pivot: 1.3010
Most Likely Scenario: long positions above 1.3010 with targets at 1.3055 & 1.3085 in extension.
Alternative scenario: below 1.3010 look for further downside with 1.2985 & 1.2960 as targets.
Comment: a support base at 1.3010 has formed and has allowed for a temporary stabilisation.

USD/JPY Intraday: the bias remains bullish.

Pivot: 111.55
Most Likely Scenario: long positions above 111.55 with targets at 112.10 & 112.40 in extension.
Alternative scenario: below 111.55 look for further downside with 111.30 & 111.00 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: the downside prevails.

Pivot: 0.7940
Most Likely Scenario: short positions below 0.7940 with targets at 0.7875 & 0.7840 in extension.
Alternative scenario: above 0.7940 look for further upside with 0.7970 & 0.8000 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: the downside prevails.

Pivot: 1252.50
Most Likely Scenario: short positions below 1252.50 with targets at 1242.00 & 1239.00 in extension.
Alternative scenario: above 1252.50 look for further upside with 1255.30 & 1259.00 as targets.
Comment: the RSI advocates for further downside.

Crude Oil (WTI) (U7) Intraday: further advance.

Pivot: 47.17
Most Likely Scenario: long positions above 47.17 with targets at 49.12 & 49.58 in extension.
Alternative scenario: below 47.17 look for further downside with 46.68 & 45.90 as targets.
Comment: the RSI is supported by a rising trend line.
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