2023-08-23 02:02

EUR/USD Intraday: under pressure. Pivot: 1.0870 Our preference: Short positions below 1.0870 with targets at 1.0820 & 1.0800 in extension. Alternative scenario: Above 1.0870 look for further upside with 1.0890 & 1.0910 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: watch 1.2690. Pivot: 1.2750 Our preference: Short positions below 1.2750 with targets at 1.2710 & 1.2690 in extension. Alternative scenario: Above 1.2750 look for further upside with 1.2770 & 1.2785 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: towards 145.30. Pivot: 146.15 Our preference: Short positions below 146.15 with targets at 145.50 & 145.30 in extension. Alternative scenario: Above 146.15 look for further upside with 146.35 & 146.60 as targets. Comment: The RSI advocates for further downside. Gold Intraday: watch 1911.00. Pivot: 1890.00 Our preference: Long positions above 1890.00 with targets at 1904.00 & 1911.00 in extension. Alternative scenario: Below 1890.00 look for further downside with 1884.00 & 1878.00 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (V3)‎ Intraday: under pressure. Pivot: 80.30 Our preference: Short positions below 80.30 with targets at 79.05 & 78.60 in extension. Alternative scenario: Above 80.30 look for further upside with 81.00 & 81.70 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: bullish bias above 0.6405. Pivot: 0.6405 Our preference: Long positions above 0.6405 with targets at 0.6440 & 0.6455 in extension. Alternative scenario: Below 0.6405 look for further downside with 0.6390 & 0.6375 as targets. Comment: The RSI calls for a bounce.

2023-08-22 02:37

USD/JPY Intraday: further upside. Pivot: 145.75 Our preference: Long positions above 145.75 with targets at 146.55 & 146.80 in extension. Alternative scenario: Below 145.75 look for further downside with 145.50 & 145.30 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: further advance. Pivot: 1.0875 Our preference: Long positions above 1.0875 with targets at 1.0915 & 1.0930 in extension. Alternative scenario: Below 1.0875 look for further downside with 1.0860 & 1.0845 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: towards 1.2800. Pivot: 1.2730 Our preference: Long positions above 1.2730 with targets at 1.2780 & 1.2800 in extension. Alternative scenario: Below 1.2730 look for further downside with 1.2710 & 1.2690 as targets. Comment: The RSI advocates for further advance. Gold Intraday: rebound expected. Pivot: 1888.00 Our preference: Long positions above 1888.00 with targets at 1903.00 & 1907.00 in extension. Alternative scenario: Below 1888.00 look for further downside with 1884.00 & 1878.00 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (V3)‎ Intraday: under pressure. Pivot: 80.95 Our preference: Short positions below 80.95 with targets at 79.70 & 79.00 in extension. Alternative scenario: Above 80.95 look for further upside with 81.70 & 82.30 as targets. Comment: The RSI is below its neutrality area at 50% AUD/USD Intraday: bullish bias above 0.6385. Pivot: 0.6385 Our preference: Long positions above 0.6385 with targets at 0.6440 & 0.6460 in extension. Alternative scenario: Below 0.6385 look for further downside with 0.6370 & 0.6355 as targets. Comment: The RSI calls for a bounce.

2023-08-21 02:42

EUR/USD Intraday: the bias remains bullish. Pivot: 1.0845 Our preference: Long positions above 1.0845 with targets at 1.0895 & 1.0910 in extension. Alternative scenario: Below 1.0845 look for further downside with 1.0830 & 1.0815 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: bullish bias above 1.2710. Pivot: 1.2710 Our preference: Long positions above 1.2710 with targets at 1.2765 & 1.2785 in extension. Alternative scenario: Below 1.2710 look for further downside with 1.2690 & 1.2670 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: under pressure. Pivot: 145.60 Our preference: Short positions below 145.60 with targets at 145.05 & 144.90 in extension. Alternative scenario: Above 145.60 look for further upside with 145.75 & 145.90 as targets. Comment: The RSI advocates for further downside. Gold Intraday: choppy. Pivot: 1895.00 Our preference: Short positions below 1895.00 with targets at 1884.00 & 1878.00 in extension. Alternative scenario: Above 1895.00 look for further upside with 1899.00 & 1903.00 as targets. Comment: As long as 1895.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (V3)‎ Intraday: the bias remains bullish. Pivot: 79.95 Our preference: Long positions above 79.95 with targets at 81.00 & 81.45 in extension. Alternative scenario: Below 79.95 look for further downside with 79.50 & 79.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: watch 0.6450. Pivot: 0.6375 Our preference: Long positions above 0.6375 with targets at 0.6430 & 0.6450 in extension. Alternative scenario: Below 0.6375 look for further downside with 0.6360 & 0.6345 as targets. Comment: The RSI advocates for further upside.

2023-08-17 02:02

USD/JPY Intraday: further upside. Pivot: 145.85 Our preference: Long positions above 145.85 with targets at 146.60 & 146.90 in extension. Alternative scenario: Below 145.85 look for further downside with 145.60 & 145.30 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: the downside prevails. Pivot: 1.0910 Our preference: Short positions below 1.0910 with targets at 1.0850 & 1.0825 in extension. Alternative scenario: Above 1.0910 look for further upside with 1.0930 & 1.0950 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: consolidation. Pivot: 1.2760 Our preference: Short positions below 1.2760 with targets at 1.2700 & 1.2680 in extension. Alternative scenario: Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets. Comment: As long as 1.2760 is resistance, look for choppy price action with a bearish bias. Gold Intraday: the downside prevails. Pivot: 1901.00 Our preference: Short positions below 1901.00 with targets at 1886.00 & 1880.00 in extension. Alternative scenario: Above 1901.00 look for further upside with 1906.00 & 1911.00 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (U3)‎ Intraday: the downside prevails. Pivot: 79.95 Our preference: Short positions below 79.95 with targets at 78.65 & 78.30 in extension. Alternative scenario: Above 79.95 look for further upside with 80.45 & 81.30 as targets. Comment: The RSI has broken down its 30 level. AUD/USD Intraday: under pressure. Pivot: 0.6455 Our preference: Short positions below 0.6455 with targets at 0.6400 & 0.6375 in extension. Alternative scenario: Above 0.6455 look for further upside with 0.6480 & 0.6510 as targets. Comment: The RSI is bearish and calls for further decline.

2023-08-16 06:45

EUR/USD Intraday: the downside prevails. Pivot: 1.0930 Our preference: Short positions below 1.0930 with targets at 1.0875 & 1.0860 in extension. Alternative scenario: Above 1.0930 look for further upside with 1.0945 & 1.0960 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: towards 1.2660. Pivot: 1.2730 Our preference: Short positions below 1.2730 with targets at 1.2680 & 1.2660 in extension. Alternative scenario: Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: bullish bias above 145.30. Pivot: 145.30 Our preference: Long positions above 145.30 with targets at 145.80 & 146.00 in extension. Alternative scenario: Below 145.30 look for further downside with 145.10 & 144.90 as targets. Comment: The RSI calls for a bounce. Gold Intraday: key resistance at 1911.00. Pivot: 1911.00 Our preference: Short positions below 1911.00 with targets at 1896.00 & 1890.00 in extension. Alternative scenario: Above 1911.00 look for further upside with 1916.00 & 1921.00 as targets. Comment: As long as 1911.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (U3)‎ Intraday: key resistance at 81.75. Pivot: 81.75 Our preference: Short positions below 81.75 with targets at 80.40 & 79.90 in extension. Alternative scenario: Above 81.75 look for further upside with 82.35 & 83.20 as targets. Comment: Technically the RSI is below its neutrality area at 50. AUD/USD Intraday: under pressure. Pivot: 0.6480 Our preference: Short positions below 0.6480 with targets at 0.6440 & 0.6425 in extension. Alternative scenario: Above 0.6480 look for further upside with 0.6495 & 0.6510 as targets. Comment: The RSI calls for a new downleg.

2023-08-15 02:40

EUR/USD Intraday: capped by a negative trend line. Pivot: 1.0935 Our preference: Short positions below 1.0935 with targets at 1.0875 & 1.0855 in extension. Alternative scenario: Above 1.0935 look for further upside with 1.0955 & 1.0975 as targets. Comment: The RSI advocates for further downside. GBP/USD Intraday: bullish bias above 1.2650. Pivot: 1.2650 Our preference: Long positions above 1.2650 with targets at 1.2710 & 1.2735 in extension. Alternative scenario: Below 1.2650 look for further downside with 1.2625 & 1.2600 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: further advance. Pivot: 145.15 Our preference: Long positions above 145.15 with targets at 145.75 & 146.00 in extension. Alternative scenario: Below 145.15 look for further downside with 144.95 & 144.75 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (U3)‎ Intraday: key resistance at 83.20. Pivot: 83.20 Our preference: Short positions below 83.20 with targets at 81.75 & 80.80 in extension. Alternative scenario: Above 83.20 look for further upside with 83.80 & 84.30 as targets. Comment: Technically the RSI is below its neutrality area at 50. Gold Intraday: expect 1896.00. Pivot: 1915.00 Our preference: Short positions below 1915.00 with targets at 1902.00 & 1896.00 in extension. Alternative scenario: Above 1915.00 look for further upside with 1921.00 & 1927.00 as targets. Comment: A break below 1902.00 would trigger a drop towards 1896.00. AUD/USD Intraday: watch 0.6520. Pivot: 0.6470 Our preference: Long positions above 0.6470 with targets at 0.6505 & 0.6520 in extension. Alternative scenario: Below 0.6470 look for further downside with 0.6455 & 0.6440 as targets. Comment: The RSI calls for a rebound.