2023-08-11 02:41

EUR/USD Intraday: the downside prevails. Pivot: 1.1010 Our preference: Short positions below 1.1010 with targets at 1.0965 & 1.0945 in extension. Alternative scenario: Above 1.1010 look for further upside with 1.1030 & 1.1045 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: under pressure. Pivot: 1921.00 Our preference: Short positions below 1921.00 with targets at 1905.00 & 1898.00 in extension. Alternative scenario: Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (U3)‎ Intraday: look for 81.50. Pivot: 83.80 Our preference: Short positions below 83.80 with targets at 82.20 & 81.50 in extension. Alternative scenario: Above 83.80 look for further upside with 84.30 & 84.85 as targets. Comment: The RSI is below its neutrality area at 50% GBP/USD Intraday: under pressure. Pivot: 1.2725 Our preference: Short positions below 1.2725 with targets at 1.2640 & 1.2610 in extension. Alternative scenario: Above 1.2725 look for further upside with 1.2755 & 1.2785 as targets. Comment: The RSI is bearish and calls for further decline. USD/JPY Intraday: further upside. Pivot: 144.10 Our preference: Long positions above 144.10 with targets at 145.30 & 145.70 in extension. Alternative scenario: Below 144.10 look for further downside with 143.70 & 143.30 as targets. Comment: The RSI advocates for further advance. AUD/USD Intraday: the downside prevails. Pivot: 0.6550 Our preference: Short positions below 0.6550 with targets at 0.6495 & 0.6470 in extension. Alternative scenario: Above 0.6550 look for further upside with 0.6570 & 0.6590 as targets. Comment: The RSI calls for a new downleg.

2023-08-10 02:05

EUR/USD Intraday: towards 1.0945. Pivot: 1.0995 Our preference: Short positions below 1.0995 with targets at 1.0960 & 1.0945 in extension. Alternative scenario: Above 1.0995 look for further upside with 1.1010 & 1.1025 as targets. Comment: As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0960 remains high. Gold Intraday: key resistance at 1924.00. 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 1932.00 & 1937.00 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (U3)‎ Intraday: intraday support around 83.25. Pivot: 83.25 Our preference: Long positions above 83.25 with targets at 84.80 & 85.50 in extension. Alternative scenario: Below 83.25 look for further downside with 82.65 & 82.10 as targets. Comment: The next resistances are at 84.80 and then at 85.50. GBP/USD Intraday: under pressure. Pivot: 1.2745 Our preference: Short positions below 1.2745 with targets at 1.2700 & 1.2685 in extension. Alternative scenario: Above 1.2745 look for further upside with 1.2760 & 1.2780 as targets. Comment: The RSI advocates for further decline. USD/JPY Intraday: the upside prevails. Pivot: 143.25 Our preference: Long positions above 143.25 with targets at 143.90 & 144.20 in extension. Alternative scenario: Below 143.25 look for further downside with 143.00 & 142.75 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: watch 0.6495. Pivot: 0.6555 Our preference: Short positions below 0.6555 with targets at 0.6515 & 0.6495 in extension. Alternative scenario: Above 0.6555 look for further upside with 0.6570 & 0.6585 as targets. Comment: As long as 0.6555 is resistance, look for choppy price action with a bearish bias.

2023-08-09 02:18

EUR/USD Intraday: key resistance at 1.0980. Pivot: 1.0980 Our preference: Short positions below 1.0980 with targets at 1.0930 & 1.0910 in extension. Alternative scenario: Above 1.0980 look for further upside with 1.1000 & 1.1015 as targets. Comment: As long as the resistance at 1.0980 is not surpassed, the risk of the break below 1.0930 remains high. Gold Intraday: the downside prevails. Pivot: 1932.00 Our preference: Short positions below 1932.00 with targets at 1920.00 & 1915.00 in extension. Alternative scenario: Above 1932.00 look for further upside with 1937.00 & 1942.00 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (U3)‎ Intraday: expect 84.30. Pivot: 81.90 Our preference: Long positions above 81.90 with targets at 83.30 & 84.30 in extension. Alternative scenario: Below 81.90 look for further downside with 80.85 & 79.90 as targets. Comment: The RSI is mixed with a bullish bias. GBP/USD Intraday: bullish bias above 1.2720. Pivot: 1.2720 Our preference: Long positions above 1.2720 with targets at 1.2770 & 1.2785 in extension. Alternative scenario: Below 1.2720 look for further downside with 1.2700 & 1.2685 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: the bias remains bullish. Pivot: 142.85 Our preference: Long positions above 142.85 with targets at 143.50 & 143.85 in extension. Alternative scenario: Below 142.85 look for further downside with 142.55 & 142.25 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: key resistance at 0.6555. Pivot: 0.6555 Our preference: Short positions below 0.6555 with targets at 0.6515 & 0.6495 in extension. Alternative scenario: Above 0.6555 look for further upside with 0.6570 & 0.6585 as targets. Comment: As long as 0.6555 is resistance, look for choppy price action with a bearish bias.

2023-08-08 02:56

EUR/USD Intraday: watch 1.1040. Pivot: 1.0975 Our preference: Long positions above 1.0975 with targets at 1.1020 & 1.1040 in extension. Alternative scenario: Below 1.0975 look for further downside with 1.0955 & 1.0935 as targets. Comment: The RSI calls for a bounce. Gold Intraday: range. Pivot: 1942.00 Our preference: Short positions below 1942.00 with targets at 1929.00 & 1924.00 in extension. Alternative scenario: Above 1942.00 look for further upside with 1946.00 & 1949.00 as targets. Comment: As long as 1942.00 is resistance, expect a return to 1929.00. Crude Oil (WTI)‎ (U3)‎ Intraday: intraday support around 81.90. Pivot: 81.90 Our preference: Long positions above 81.90 with targets at 82.80 & 83.30 in extension. Alternative scenario: Below 81.90 look for further downside with 81.50 & 81.00 as targets. Comment: The next resistances are at 82.80 and then at 83.30. GBP/USD Intraday: further advance. Pivot: 1.2740 Our preference: Long positions above 1.2740 with targets at 1.2810 & 1.2830 in extension. Alternative scenario: Below 1.2740 look for further downside with 1.2725 & 1.2710 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: continuation of the rebound. Pivot: 141.90 Our preference: Long positions above 141.90 with targets at 142.80 & 143.10 in extension. Alternative scenario: Below 141.90 look for further downside with 141.55 & 141.20 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: bullish bias above 0.6550. Pivot: 0.6550 Our preference: Long positions above 0.6550 with targets at 0.6590 & 0.6610 in extension. Alternative scenario: Below 0.6550 look for further downside with 0.6535 & 0.6520 as targets. Comment: The RSI calls for a rebound.

2023-08-07 01:46

EUR/USD Intraday: bullish bias above 1.0960 Pivot: 1.0960 Our preference: Long positions above 1.0960 with targets at 1.1040 & 1.1065 in extension. Alternative scenario: Below 1.0960 look for further downside with 1.0935 & 1.0910 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: bullish bias above 1935.00. Pivot: 1935.00 Our preference: Long positions above 1935.00 with targets at 1949.00 & 1954.00 in extension. Alternative scenario: Below 1935.00 look for further downside with 1929.00 & 1924.00 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (U3)‎ Intraday: further upside. Pivot: 82.00 Our preference: Long positions above 82.00 with targets at 83.80 & 84.70 in extension. Alternative scenario: Below 82.00 look for further downside with 81.10 & 79.90 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2710 Our preference: Long positions above 1.2710 with targets at 1.2790 & 1.2810 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: the downside prevails. Pivot: 142.35 Our preference: Short positions below 142.35 with targets at 141.30 & 141.00 in extension. Alternative scenario: Above 142.35 look for further upside with 142.60 & 142.85 as targets. Comment: The RSI calls for a new downleg. AUD/USD Intraday: intraday support around 0.6545. Pivot: 0.6545 Our preference: Long positions above 0.6545 with targets at 0.6595 & 0.6610 in extension. Alternative scenario: Below 0.6545 look for further downside with 0.6530 & 0.6515 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-08-04 02:36

Gold Intraday: bullish bias above 1929.00. Pivot: 1929.00 Our preference: Long positions above 1929.00 with targets at 1939.00 & 1945.00 in extension. Alternative scenario: Below 1929.00 look for further downside with 1923.00 & 1918.00 as targets. Comment: The RSI calls for a rebound. EUR/USD Intraday: rebound. Pivot: 1.0930 Our preference: Long positions above 1.0930 with targets at 1.0965 & 1.0980 in extension. Alternative scenario: Below 1.0930 look for further downside with 1.0910 & 1.0895 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (U3)‎ Intraday: the upside prevails.\ Pivot: 80.50 Our preference: Long positions above 80.50 with targets at 82.40 & 83.40 in extension. Alternative scenario: Below 80.50 look for further downside with 79.80 & 78.70 as targets. Comment: The RSI calls for a new upleg. GBP/USD Intraday: rebound. Pivot: 1.2675 Our preference: Long positions above 1.2675 with targets at 1.2740 & 1.2765 in extension. Alternative scenario: Below 1.2675 look for further downside with 1.2645 & 1.2620 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: key resistance at 143.00. Pivot: 143.00 Our preference: Short positions below 143.00 with targets at 142.20 & 141.85 in extension. Alternative scenario: Above 143.00 look for further upside with 143.40 & 143.90 as targets. Comment: As long as 143.00 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: rebound. Pivot: 0.6525 Our preference: Long positions above 0.6525 with targets at 0.6585 & 0.6605 in extension. Alternative scenario: Below 0.6525 look for further downside with 0.6500 & 0.6480 as targets. Comment: The RSI is bullish and calls for further upside.