FXTG Daily Technical Levels – FindYourFX.com

Dow Jones (Jun 13) intraday: bullish bias above 14650
Pivot: 14650
Our preference: LONG positions above 14650 with targets @ 14830 & 14885.
Alternative scenario: The downside penetration of 14650 will call for 14530 & 14430.
Comment: the immediate trend remains up and the momentum is strong.
  
  Nasdaq 100 (Jun 13) intraday: bullish bias above 2822
  Pivot: 2822
  Our preference: LONG positions above 2822 with targets @ 2865 & 2875.
  Alternative scenario: The downside penetration of 2822 will call for 2809 & 2793.
  Comment: the RSI is well directed.
  
  GOLD (Spot) intraday: the downside prevails.
  Pivot: 1568.00
  Our preference: SHORT positions below 1568 with targets @ 1549 & 1540.
  Alternative scenario: The upside penetration of 1568 will call for 1576 & 1583.
  Comment: as long as 1568 is resistance, look for choppy price action with a bearish bias.
  
  EUR/USD intraday: further advance.
  Pivot: 1.3065
  Our preference: Long positions above 1.3065 with targets @ 1.316 & 1.32 in extension.
  Alternative scenario: Below 1.3065 look for further downside with 1.303 & 1.2995 as targets.
  Comment: the next resistances are at 1.316 and then at 1.32.
  
  AUD/USD intraday: the upside prevails.
  Pivot: 1.05
  Our preference: Long positions above 1.05 with targets @ 1.058 & 1.06 in extension.
  Alternative scenario: Below 1.05 look for further downside with 1.0465 & 1.0445 as targets.
  Comment: a support base at 1.05 has formed and has allowed for a temporary stabilisation.
  
  GBP/USD intraday: further advance.
  Pivot: 1.534
  Our preference: Long positions above 1.534 with targets @ 1.541 & 1.545 in extension.
  Alternative scenario: Below 1.534 look for further downside with 1.5285 & 1.5245 as targets.
  Comment: the RSI is supported by a rising trend line.
  
  ASX 200 (Jun 13) intraday: supported by a rising trend line.
  Pivot: 4988
  Our preference: Long positions above 4988 with targets @ 5036 & 5051 in extension.
  Alternative scenario: Below 4988 look for further downside with 4947 & 4917 as targets.
  Comment: the RSI is supported by a rising trend line.
  
  Risk Warning
  Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
  There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.
  Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as ‘stop-loss’ or ‘limit’ orders.
  Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. Forex Systems is compensated through a portion of the bid/ask spread.

Article Source: www.findyourfx.com

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