Signal 14/11/12 บ่าย

EUR/USD intraday: the upside prevails. Pivot: 1.2695 Our preference: Long positions above 1.2695 with targets @ 1.2755 & 1.2775 in extension. Alternative scenario: Below 1.2695 look for further downside with 1.2675 & 1.2655 as targets. Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance.

GBP/USD intraday: bullish bias above 1.5855. Pivot: 1.5855 Our preference: Long positions above 1.5855 with targets @ 1.5905 & 1.5925 in extension. Alternative scenario: Below 1.5855 look for further downside with 1.583 & 1.5815 as targets. Comment: the pair is facing a pull back on its support, caution.

USD/CHF intraday: under pressure. Pivot: 0.949 Our preference: Short positions below 0.949 with targets @ 0.943 & 0.941 in extension. Alternative scenario: Above 0.949 look for further upside with 0.9515 & 0.9545 as targets. Comment: the pair has validated a rising wedge and remains under pressure.

USD/CAD intraday: bullish bias above 0.9975. Pivot: 0.9975 Our preference: Long positions above 0.9975 with targets @ 1.003 & 1.0045 in extension. Alternative scenario: Below 0.9975 look for further downside with 0.9945 & 0.9905 as targets. Comment: a support base at 0.9975 has formed and has allowed for a temporary stabilisation.

Crude Oil (Dec 12) intraday: rebound. Pivot: 84.50 Our preference: LONG positions above 84.5 with targets @ 86.5 & 87.3. Alternative scenario: The downside breakout of 84.5 will open the way to 84.05 & 83.5. Comment: the RSI is mixed with a bullish bias.

GOLD (Spot) intraday: watch 1738 Pivot: 1717.00 Our preference: LONG positions @ 1720 with 1738 & 1746 as next targets. Alternative scenario: The downside breakout of 1717 will open the way to 1711 & 1702. Comment: intraday support around 1717

Dow Jones (Dec 12) intraday: the downside prevails. Pivot: 12865 Our preference: SHORT positions below 12865 with targets @ 12680 & 12550. Alternative scenario: The upside breakout of 12865 will open the way to 12960 & 13080. Comment: as long as 12865 is resistance, look for choppy price action with a bearish bias.

S&P 500 (Dec 12) intraday: key ST resistance at 1388 Pivot: 1388 Our preference: SHORT positions below 1388 with 1360 & 1350 in sight. Alternative scenario: The upside penetration of 1388 will call for 1400 & 1410. Comment: as long as 1388 is resistance, look for choppy price action with a bearish bias.