2023-09-04 02:37

EUR/USD Intraday: under pressure. Pivot: 1.0810 Our preference: Short positions below 1.0810 with targets at 1.0750 & 1.0720 in extension. Alternative scenario: Above 1.0810 look for further upside with 1.0830 & 1.0850 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: towards 1.2530. Pivot: 1.2630 Our preference: Short positions below 1.2630 with targets at 1.2560 & 1.2530 in extension. Alternative scenario: Above 1.2630 look for further upside with 1.2660 & 1.2690 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: watch 146.80. Pivot: 145.70 Our preference: Long positions above 145.70 with targets at 146.50 & 146.80 in extension. Alternative scenario: Below 145.70 look for further downside with 145.40 & 145.10 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: key resistance at 1946.00. Pivot: 1946.00 Our preference: Short positions below 1946.00 with targets at 1934.00 & 1927.00 in extension. Alternative scenario: Above 1946.00 look for further upside with 1953.00 & 1960.00 as targets. Comment: As long as the resistance at 1946.00 is not surpassed, the risk of the break below 1934.00 remains high. Crude Oil (WTI)‎ (V3)‎ Intraday: further advance. Pivot: 84.60 Our preference: Long positions above 84.60 with targets at 87.00 & 88.00 in extension. Alternative scenario: Below 84.60 look for further downside with 84.00 & 83.30 as targets. Comment: The next resistances are at 87.00 and then at 88.00. AUD/USD Intraday: the downside prevails. Pivot: 0.6470 Our preference: Short positions below 0.6470 with targets at 0.6435 & 0.6420 in extension. Alternative scenario: Above 0.6470 look for further upside with 0.6490 & 0.6510 as targets. Comment: The RSI is bearish and calls for further downside.

2023-08-30 04:30

EUR/USD Intraday: the upside prevails. Pivot: 1.0840 Our preference: Long positions above 1.0840 with targets at 1.0890 & 1.0915 in extension. Alternative scenario: Below 1.0840 look for further downside with 1.0820 & 1.0800 as targets. Comment: The RSI advocates for further upside. Gold Intraday: aim @ 1950.00. Pivot: 1926.00 Our preference: Long positions above 1926.00 with targets at 1942.00 & 1950.00 in extension. Alternative scenario: Below 1926.00 look for further downside with 1918.00 & 1913.00 as targets. Comment: The RSI shows upside momentum. Crude Oil (WTI)‎ (V3)‎ Intraday: further advance. Pivot: 80.40 Our preference: Long positions above 80.40 with targets at 82.20 & 82.90 in extension. Alternative scenario: Below 80.40 look for further downside with 79.70 & 79.20 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: bullish bias above 1.2610. Pivot: 1.2610 Our preference: Long positions above 1.2610 with targets at 1.2660 & 1.2680 in extension. Alternative scenario: Below 1.2610 look for further downside with 1.2585 & 1.2560 as targets. Comment: The RSI calls for a bounce USD/JPY Intraday: watch 145.30. Pivot: 146.35 Our preference: Short positions below 146.35 with targets at 145.65 & 145.30 in extension. Alternative scenario: Above 146.35 look for further upside with 146.70 & 147.00 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: further advance. Pivot: 0.6450 Our preference: Long positions above 0.6450 with targets at 0.6500 & 0.6520 in extension. Alternative scenario: Below 0.6450 look for further downside with 0.6430 & 0.6415 as targets. Comment: The RSI calls for a new upleg.

2023-08-29 02:31

EUR/USD Intraday: continuation of the rebound. Pivot: 1.0800 Our preference: Long positions above 1.0800 with targets at 1.0840 & 1.0860 in extension. Alternative scenario: Below 1.0800 look for further downside with 1.0785 & 1.0765 as targets. Comment: The RSI shows upside momentum. Gold Intraday: aim @ 1932.00. Pivot: 1913.00 Our preference: Long positions above 1913.00 with targets at 1926.00 & 1932.00 in extension. Alternative scenario: Below 1913.00 look for further downside with 1908.00 & 1903.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 79.60. Pivot: 79.60 Our preference: Long positions above 79.60 with targets at 80.85 & 81.25 in extension. Alternative scenario: Below 79.60 look for further downside with 79.20 & 78.80 as targets. Comment: The next resistances are at 80.85 and then at 81.25. GBP/USD Intraday: towards 1.2650. Pivot: 1.2585 Our preference: Long positions above 1.2585 with targets at 1.2630 & 1.2650 in extension. Alternative scenario: Below 1.2585 look for further downside with 1.2565 & 1.2545 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: consolidation. Pivot: 146.70 Our preference: Short positions below 146.70 with targets at 146.20 & 146.00 in extension. Alternative scenario: Above 146.70 look for further upside with 146.85 & 147.00 as targets. Comment: As long as 146.70 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: bullish bias above 0.6410. Pivot: 0.6410 Our preference: Long positions above 0.6410 with targets at 0.6445 & 0.6460 in extension. Alternative scenario: Below 0.6410 look for further downside with 0.6395 & 0.6380 as targets. Comment: The RSI advocates for further advance.

2023-08-28 04:15

Gold Intraday: further upside. Pivot: 1907.00 Our preference: Long positions above 1907.00 with targets at 1924.00 & 1930.00 in extension. Alternative scenario: Below 1907.00 look for further downside with 1900.00 & 1895.00 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: towards 1.0900. Pivot: 1.0830 Our preference: Long positions above 1.0830 with targets at 1.0880 & 1.0900 in extension. Alternative scenario: Below 1.0830 look for further downside with 1.0815 & 1.0800 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: bullish bias above 1.2680. Pivot: 1.2680 Our preference: Long positions above 1.2680 with targets at 1.2740 & 1.2765 in extension. Alternative scenario: Below 1.2680 look for further downside with 1.2650 & 1.2615 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: 144.00 in sight. Pivot: 145.15 Our preference: Short positions below 145.15 with targets at 144.30 & 144.00 in extension. Alternative scenario: Above 145.15 look for further upside with 145.50 & 145.80 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (V3)‎ Intraday: key resistance at 79.40. Pivot: 79.40 Our preference: Short positions below 79.40 with targets at 78.20 & 77.60 in extension. Alternative scenario: Above 79.40 look for further upside with 79.90 & 80.40 as targets. Comment: As long as the resistance at 79.40 is not surpassed, the risk of the break below 78.20 remains high. AUD/USD Intraday: further advance. Pivot: 0.6450 Our preference: Long positions above 0.6450 with targets at 0.6500 & 0.6520 in extension. Alternative scenario: Below 0.6450 look for further downside with 0.6430 & 0.6410 as targets. Comment: The RSI is bullish and calls for further upside.

2023-08-25 03:14

EUR/USD Intraday: the downside prevails. Pivot: 1.0830 Our preference: Short positions below 1.0830 with targets at 1.0780 & 1.0760 in extension. Alternative scenario: Above 1.0830 look for further upside with 1.0850 & 1.0875 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: under pressure. Pivot: 1.2640 Our preference: Short positions below 1.2640 with targets at 1.2570 & 1.2540 in extension. Alternative scenario: Above 1.2640 look for further upside with 1.2670 & 1.2700 as targets. Comment: The RSI has broken down its 30 level. USD/JPY Intraday: further upside. Pivot: 145.45 Our preference: Long positions above 145.45 with targets at 146.35 & 146.70 in extension. Alternative scenario: Below 145.45 look for further downside with 145.10 & 144.80 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: intraday support around 1911.00. Pivot: 1911.00 Our preference: Long positions above 1911.00 with targets at 1923.00 & 1930.00 in extension. Alternative scenario: Below 1911.00 look for further downside with 1905.00 & 1900.00 as targets. Comment: A support base at 1911.00 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 78.30. Pivot: 78.30 Our preference: Long positions above 78.30 with targets at 79.85 & 80.30 in extension. Alternative scenario: Below 78.30 look for further downside with 77.60 & 77.00 as targets. Comment: The next resistances are at 79.85 and then at 80.30. AUD/USD Intraday: watch 0.6370. Pivot: 0.6445 Our preference: Short positions below 0.6445 with targets at 0.6390 & 0.6370 in extension. Alternative scenario: Above 0.6445 look for further upside with 0.6465 & 0.6485 as targets. Comment: The RSI is bearish and calls for further downside.

2023-08-24 02:39

Gold Intraday: further upside. Pivot: 1907.00 Our preference: Long positions above 1907.00 with targets at 1924.00 & 1930.00 in extension. Alternative scenario: Below 1907.00 look for further downside with 1900.00 & 1895.00 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: towards 1.0900. Pivot: 1.0830 Our preference: Long positions above 1.0830 with targets at 1.0880 & 1.0900 in extension. Alternative scenario: Below 1.0830 look for further downside with 1.0815 & 1.0800 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: bullish bias above 1.2680. Pivot: 1.2680 Our preference: Long positions above 1.2680 with targets at 1.2740 & 1.2765 in extension. Alternative scenario: Below 1.2680 look for further downside with 1.2650 & 1.2615 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: 144.00 in sight. Pivot: 145.15 Our preference: Short positions below 145.15 with targets at 144.30 & 144.00 in extension. Alternative scenario: Above 145.15 look for further upside with 145.50 & 145.80 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (V3)‎ Intraday: key resistance at 79.40. Pivot: 79.40 Our preference: Short positions below 79.40 with targets at 78.20 & 77.60 in extension. Alternative scenario: Above 79.40 look for further upside with 79.90 & 80.40 as targets. Comment: As long as the resistance at 79.40 is not surpassed, the risk of the break below 78.20 remains high. AUD/USD Intraday: further advance. Pivot: 0.6450 Our preference: Long positions above 0.6450 with targets at 0.6500 & 0.6520 in extension. Alternative scenario: Below 0.6450 look for further downside with 0.6430 & 0.6410 as targets. Comment: The RSI is bullish and calls for further upside.