FXTG Daily Technical Levels – FindYourFX.com

Dow Jones (Dec 13) intraday: further upside.
Pivot: 15150
Our preference: LONG positions @ 15268 with 15395 & 15470 in sight.
Alternative scenario: The downside penetration of 15150 will call for a slide towards 15055 & 14950.
Comment: the RSI broke above a bearish trend line.

NZD/USD intraday: towards 0.858.
Pivot: 0.841
Our preference: Long positions above 0.841 with targets @ 0.8555 & 0.858 in extension.
  Alternative scenario: Below 0.841 look for further downside with 0.834 & 0.8305 as targets.
  Comment: the RSI broke above a declining trend line.
  
  GOLD (Spot) intraday: further advance.
  Pivot: 1287.00
  Our preference: LONG positions above 1287 with targets @ 1329 & 1350.
  Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
  Comment: the break above 1287 is a positive signal that has opened a path to 1329.
  
  EUR/USD intraday: further advance.
  Pivot: 1.361
  Our preference: Long positions above 1.361 with targets @ 1.371 & 1.373 in extension.
  Alternative scenario: Below 1.361 look for further downside with 1.358 & 1.3535 as targets.
  Comment: the pair has broken above a bearish channel resistance and is expected to gain further ground.
  
  AUD/USD intraday: bullish bias above 0.955.
  Pivot: 0.955
  Our preference: Long positions above 0.955 with targets @ 0.965 & 0.968 in extension.
  Alternative scenario: Below 0.955 look for further downside with 0.9505 & 0.945 as targets.
  Comment: the RSI is bullish and calls for further upside.
  
  GBP/USD intraday: further advance.
  Pivot: 1.6055
  Our preference: Long positions above 1.6055 with targets @ 1.619 & 1.624 in extension.
  Alternative scenario: Below 1.6055 look for further downside with 1.598 & 1.5935 as targets.
  Comment: the pair has broken above its Broadening Formation resistance and is expected to gain further ground.
  
  ASX 200 (Dec 13) intraday: further advance.
  Pivot: 5235
  Our preference: Long positions above 5235 with targets @ 5320 & 5335 in extension.
  Alternative scenario: Below 5235 look for further downside with 5205 & 5175 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.

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