EUR/USD:
Our preference: Bearish setups within 1.3670 - 1.3710 with targets @ 1.3625 & 1.3581 in extension.
Alternative scenario: Above 1.3710, watch for bullish setups with 1.3767 as target and 1.3812 in extension.
Comment: EUR/USD remains moving within the confluence zone. Note that 20 MA has crossed above 50 MA on hourly chart. Hourly stochastic has crossed up.
GBP/USD:
Our preference: Bullish setups within 1.6320 - 1.6380 with targets @ 1.6420 & 1.6484 in extension.
Alternative scenario: Below 1.6320, watch for bearish setups with 1.6279 as target and 1.6215 in extension.
Comment: GBP/USD remains in consolidation mode. Note that hourly stochastic has crossed down.
GOLD:
Our preference: Bearish setups within 1192.95 - 1207.20 with targets @ 1187.04 & 1177.73 in extension.
Alternative scenario: Above 1207.20, watch for bullish setups with 1217.18 as target and 1226.49 in extension.
Comment: Gold price is in consolidation mode. Note that hourly stochastic has crossed up.
Our preference: Bearish setups within 1.3670 - 1.3710 with targets @ 1.3625 & 1.3581 in extension.
Alternative scenario: Above 1.3710, watch for bullish setups with 1.3767 as target and 1.3812 in extension.
Comment: EUR/USD remains moving within the confluence zone. Note that 20 MA has crossed above 50 MA on hourly chart. Hourly stochastic has crossed up.
GBP/USD:
Our preference: Bullish setups within 1.6320 - 1.6380 with targets @ 1.6420 & 1.6484 in extension.
Alternative scenario: Below 1.6320, watch for bearish setups with 1.6279 as target and 1.6215 in extension.
Comment: GBP/USD remains in consolidation mode. Note that hourly stochastic has crossed down.
GOLD:
Our preference: Bearish setups within 1192.95 - 1207.20 with targets @ 1187.04 & 1177.73 in extension.
Alternative scenario: Above 1207.20, watch for bullish setups with 1217.18 as target and 1226.49 in extension.
Comment: Gold price is in consolidation mode. Note that hourly stochastic has crossed up.
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