2023-09-12 02:20

EUR/USD Intraday: further advance. Pivot: 1.0730 Our preference: Long positions above 1.0730 with targets at 1.0760 & 1.0775 in extension. Alternative scenario: Below 1.0730 look for further downside with 1.0715 & 1.0700 as targets. Comment: The RSI advocates for further upside. GBP/USD Intraday: consolidation. Pivot: 1.2530 Our preference: Short positions below 1.2530 with targets at 1.2500 & 1.2485 in extension. Alternative scenario: Above 1.2530 look for further upside with 1.2545 & 1.2565 as targets. Comment: The RSI is mixed with a bearish bias. AUD/USD Intraday: bullish bias above 0.6405. Pivot: 0.6405 Our preference: Long positions above 0.6405 with targets at 0.6445 & 0.6460 in extension. Alternative scenario: Below 0.6405 look for further downside with 0.6390 & 0.6370 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: rebound in sight. Pivot: 146.20 Our preference: Long positions above 146.20 with targets at 146.90 & 147.10 in extension. Alternative scenario: Below 146.20 look for further downside with 145.90 & 145.60 as targets. Comment: The RSI calls for a bounce. Gold Intraday: expect 1930.00. Pivot: 1918.00 Our preference: Long positions above 1918.00 with targets at 1930.00 & 1935.00 in extension. Alternative scenario: Below 1918.00 look for further downside with 1914.00 & 1909.00 as targets. Comment: A support base at 1918.00 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (V3)‎ Intraday: supported by a rising trend line. Pivot: 86.80 Our preference: Long positions above 86.80 with targets at 88.15 & 88.50 in extension. Alternative scenario: Below 86.80 look for further downside with 86.15 & 85.75 as targets. Comment: The RSI is mixed with a bullish bias.

2023-09-11 02:52

EUR/USD Intraday: the bias remains bullish. Pivot: 1.0685 Our preference: Long positions above 1.0685 with targets at 1.0730 & 1.0745 in extension. Alternative scenario: Below 1.0685 look for further downside with 1.0670 & 1.0655 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: bullish bias above 1.2450. Pivot: 1.2450 Our preference: Long positions above 1.2450 with targets at 1.2510 & 1.2530 in extension. Alternative scenario: Below 1.2450 look for further downside with 1.2430 & 1.2410 as targets. Comment: The RSI calls for a rebound. AUD/USD Intraday: towards 0.6430. Pivot: 0.6370 Our preference: Long positions above 0.6370 with targets at 0.6415 & 0.6430 in extension. Alternative scenario: Below 0.6370 look for further downside with 0.6355 & 0.6340 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: the downside prevails. Pivot: 147.60 Our preference: Short positions below 147.60 with targets at 146.75 & 146.55 in extension. Alternative scenario: Above 147.60 look for further upside with 147.85 & 148.10 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: watch 1909.00. Pivot: 1924.00 Our preference: Short positions below 1924.00 with targets at 1914.00 & 1909.00 in extension. Alternative scenario: Above 1924.00 look for further upside with 1930.00 & 1934.00 as targets. Comment: The RSI advocates for further downside. Crude Oil (WTI)‎ (V3)‎ Intraday: watch 86.15. Pivot: 87.65 Our preference: Short positions below 87.65 with targets at 86.70 & 86.15 in extension. Alternative scenario: Above 87.65 look for further upside with 88.05 & 88.50 as targets. Comment: As long as the resistance at 87.65 is not surpassed, the risk of the break below 86.70 remains high.

2023-09-08 02:11

EUR/USD Intraday: the downside prevails. Pivot: 1.0710 Our preference: Short positions below 1.0710 with targets at 1.0680 & 1.0660 in extension. Alternative scenario: Above 1.0710 look for further upside with 1.0730 & 1.0745 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: key resistance at 1.2490. Pivot: 1.2490 Our preference: Short positions below 1.2490 with targets at 1.2450 & 1.2430 in extension. Alternative scenario: Above 1.2490 look for further upside with 1.2510 & 1.2530 as targets. Comment: As long as 1.2490 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: key resistance at 0.6390. Pivot: 0.6390 Our preference: Short positions below 0.6390 with targets at 0.6360 & 0.6345 in extension. Alternative scenario: Above 0.6390 look for further upside with 0.6405 & 0.6420 as targets. Comment: As long as 0.6390 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 147.00. Pivot: 147.00 Our preference: Long positions above 147.00 with targets at 147.50 & 147.70 in extension. Alternative scenario: Below 147.00 look for further downside with 146.80 & 146.60 as targets. Comment: The RSI calls for a rebound. Gold Intraday: bounce. Pivot: 1915.00 Our preference: Long positions above 1915.00 with targets at 1924.00 & 1929.00 in extension. Alternative scenario: Below 1915.00 look for further downside with 1909.00 & 1904.00 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (V3)‎ Intraday: under pressure. Pivot: 87.55 Our preference: Short positions below 87.55 with targets at 85.95 & 85.50 in extension. Alternative scenario: Above 87.55 look for further upside with 88.05 & 88.65 as targets. Comment: The RSI is below its neutrality area at 50%

2023-09-07 04:08

EUR/USD Intraday: bullish bias above 1.0700. Pivot: 1.0700 Our preference: Long positions above 1.0700 with targets at 1.0745 & 1.0760 in extension. Alternative scenario: Below 1.0700 look for further downside with 1.0685 & 1.0670 as targets. Comment: A support base at 1.0700 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: the downside prevails. Pivot: 1.2530 Our preference: Short positions below 1.2530 with targets at 1.2480 & 1.2450 in extension. Alternative scenario: Above 1.2530 look for further upside with 1.2560 & 1.2585 as targets. Comment: As long as the resistance at 1.2530 is not surpassed, the risk of the break below 1.2480 remains high. AUD/USD Intraday: bullish bias above 0.6355. Pivot: 0.6355 Our preference: Long positions above 0.6355 with targets at 0.6405 & 0.6420 in extension. Alternative scenario: Below 0.6355 look for further downside with 0.6340 & 0.6325 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: further upside. Pivot: 147.20 Our preference: Long positions above 147.20 with targets at 148.00 & 148.30 in extension. Alternative scenario: Below 147.20 look for further downside with 147.00 & 146.80 as targets. Comment: The RSI calls for a bounce. Gold Intraday: aim @ 1907.00. Pivot: 1924.00 Our preference: Short positions below 1924.00 with targets at 1912.00 & 1907.00 in extension. Alternative scenario: Above 1924.00 look for further upside with 1929.00 & 1934.00 as targets. Comment: The RSI lacks upward momentum. Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 86.90. Pivot: 86.90 Our preference: Long positions above 86.90 with targets at 88.05 & 89.00 in extension. Alternative scenario: Below 86.90 look for further downside with 86.15 & 85.60 as targets. Comment: The RSI is bullish and calls for further upside.

2023-09-06 02:18

EUR/USD Intraday: under pressure. Pivot: 1.0750 Our preference: Short positions below 1.0750 with targets at 1.0705 & 1.0685 in extension. Alternative scenario: Above 1.0750 look for further upside with 1.0770 & 1.0790 as targets. Comment: As long as the resistance at 1.0750 is not surpassed, the risk of the break below 1.0705 remains high. Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 86.10. Pivot: 86.10 Our preference: Long positions above 86.10 with targets at 88.05 & 89.10 in extension. Alternative scenario: Below 86.10 look for further downside with 85.00 & 84.15 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. Gold Intraday: the downside prevails. Pivot: 1934.00 Our preference: Short positions below 1934.00 with targets at 1920.00 & 1915.00 in extension. Alternative scenario: Above 1934.00 look for further upside with 1939.00 & 1946.00 as targets. Comment: As long as 1934.00 is resistance, likely decline to 1920.00. GBP/USD Intraday: key resistance at 1.2600. Pivot: 1.2600 Our preference: Short positions below 1.2600 with targets at 1.2545 & 1.2525 in extension. Alternative scenario: Above 1.2600 look for further upside with 1.2620 & 1.2640 as targets. Comment: As long as 1.2600 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: watch 0.6340. Pivot: 0.6400 Our preference: Short positions below 0.6400 with targets at 0.6355 & 0.6340 in extension. Alternative scenario: Above 0.6400 look for further upside with 0.6420 & 0.6440 as targets. Comment: As long as the resistance at 0.6400 is not surpassed, the risk of the break below 0.6355 remains high. USD/JPY Intraday: bullish bias above 147.10. Pivot: 147.10 Our preference: Long positions above 147.10 with targets at 147.80 & 148.00 in extension. Alternative scenario: Below 147.10 look for further downside with 146.90 & 146.70 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-09-05 01:53

EUR/USD Intraday: bullish bias above 1.0770. Pivot: 1.0770 Our preference: Long positions above 1.0770 with targets at 1.0810 & 1.0830 in extension. Alternative scenario: Below 1.0770 look for further downside with 1.0750 & 1.0730 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: bullish bias above 1.2600. Pivot: 1.2600 Our preference: Long positions above 1.2600 with targets at 1.2645 & 1.2670 in extension. Alternative scenario: Below 1.2600 look for further downside with 1.2575 & 1.2550 as targets. Comment: The next resistances are at 1.2645 and then at 1.2670. USD/JPY Intraday: the upside prevails. Pivot: 146.20 Our preference: Long positions above 146.20 with targets at 146.70 & 146.90 in extension. Alternative scenario: Below 146.20 look for further downside with 146.00 & 145.80 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: choppy. Pivot: 0.6480 Our preference: Short positions below 0.6480 with targets at 0.6440 & 0.6420 in extension. Alternative scenario: Above 0.6480 look for further upside with 0.6500 & 0.6520 as targets. Comment: As long as the resistance at 0.6480 is not surpassed, the risk of the break below 0.6440 remains high. Gold Intraday: choppy. Pivot: 1943.00 Our preference: Short positions below 1943.00 with targets at 1934.00 & 1928.00 in extension. Alternative scenario: Above 1943.00 look for further upside with 1948.00 & 1953.00 as targets. Comment: Technically the RSI is below its neutrality area at 50. Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 85.30. Pivot: 85.30 Our preference: Long positions above 85.30 with targets at 86.40 & 87.00 in extension. Alternative scenario: Below 85.30 look for further downside with 84.60 & 84.00 as targets. Comment: A support base at 85.30 has formed and has allowed for a temporary stabilisation.