2023-08-03 02:38

EUR/USD Intraday: key resistance at 1.0965. Pivot: 1.0965 Our preference: Short positions below 1.0965 with targets at 1.0915 & 1.0900 in extension. Alternative scenario: Above 1.0965 look for further upside with 1.0980 & 1.1000 as targets. Comment: As long as the resistance at 1.0965 is not surpassed, the risk of the break below 1.0915 remains high. Gold Intraday: the downside prevails. Pivot: 1947.00 Our preference: Short positions below 1947.00 with targets at 1927.00 & 1920.00 in extension. Alternative scenario: Above 1947.00 look for further upside with 1954.00 & 1962.00 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (U3)‎ Intraday: expect 78.30. Pivot: 80.80 Our preference: Short positions below 80.80 with targets at 79.00 & 78.30 in extension. Alternative scenario: Above 80.80 look for further upside with 81.50 & 82.40 as targets. Comment: The RSI is bearish and calls for further downside. GBP/USD Intraday: key resistance at 1.2750. Pivot: 1.2750 Our preference: Short positions below 1.2750 with targets at 1.2680 & 1.2660 in extension. Alternative scenario: Above 1.2750 look for further upside with 1.2775 & 1.2800 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.2750. USD/JPY Intraday: the upside prevails. Pivot: 142.70 Our preference: Long positions above 142.70 with targets at 143.55 & 144.00 in extension. Alternative scenario: Below 142.70 look for further downside with 142.20 & 141.65 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: under pressure. Pivot: 0.6570 Our preference: Short positions below 0.6570 with targets at 0.6520 & 0.6500 in extension. Alternative scenario: Above 0.6570 look for further upside with 0.6595 & 0.6620 as targets. Comment: Technically the RSI is below its neutrality area at 50.

2023-08-02 02:51

EUR/USD Intraday: bullish bias above 1.0975. Pivot: 1.0975 Our preference: Long positions above 1.0975 with targets at 1.1020 & 1.1035 in extension. Alternative scenario: Below 1.0975 look for further downside with 1.0960 & 1.0950 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: rebound in sight. Pivot: 1941.00 Our preference: Long positions above 1941.00 with targets at 1960.00 & 1966.00 in extension. Alternative scenario: Below 1941.00 look for further downside with 1935.00 & 1929.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (U3)‎ Intraday: further upside. Pivot: 81.30 Our preference: Long positions above 81.30 with targets at 83.00 & 83.60 in extension. Alternative scenario: Below 81.30 look for further downside with 80.70 & 80.10 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: rebound expected. Pivot: 1.2760 Our preference: Long positions above 1.2760 with targets at 1.2810 & 1.2840 in extension. Alternative scenario: Below 1.2760 look for further downside with 1.2740 & 1.2720 as targets. Comment: The break above 1.2760 is a positive signal that has opened a path to 1.2810. USD/JPY Intraday: bullish bias above 142.55. Pivot: 142.55 Our preference: Long positions above 142.55 with targets at 143.55 & 144.00 in extension. Alternative scenario: Below 142.55 look for further downside with 142.00 & 141.50 as targets. Comment: A support base at 142.55 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: under pressure. Pivot: 0.6640 Our preference: Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension. Alternative scenario: Above 0.6640 look for further upside with 0.6670 & 0.6700 as targets. Comment: Technically the RSI is below its neutrality area at 50.

2023-08-01 04:09

Crude Oil (WTI)‎ (U3)‎ Intraday: watch 83.00. Pivot: 81.00 Our preference: Long positions above 81.00 with targets at 82.40 & 83.00 in extension. Alternative scenario: Below 81.00 look for further downside with 80.50 & 80.10 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: under pressure. Pivot: 1.1025 Our preference: Short positions below 1.1025 with targets at 1.0965 & 1.0940 in extension. Alternative scenario: Above 1.1025 look for further upside with 1.1050 & 1.1075 as targets. Comment: The RSI lacks upward momentum. Gold Intraday: bullish bias above 1956.00. Pivot: 1956.00 Our preference: Long positions above 1956.00 with targets at 1972.00 & 1981.00 in extension. Alternative scenario: Below 1956.00 look for further downside with 1949.00 & 1942.00 as targets. Comment: The next resistances are at 1972.00 and then at 1981.00. GBP/USD Intraday: key resistance at 1.2870. Pivot: 1.2870 Our preference: Short positions below 1.2870 with targets at 1.2800 & 1.2770 in extension. Alternative scenario: Above 1.2870 look for further upside with 1.2900 & 1.2935 as targets. Comment: As long as the resistance at 1.2870 is not surpassed, the risk of the break below 1.2800 remains high. USD/JPY Intraday: further upside. Pivot: 141.65 Our preference: Long positions above 141.65 with targets at 142.65 & 143.10 in extension. Alternative scenario: Below 141.65 look for further downside with 141.15 & 140.70 as targets. Comment: The RSI lacks downward momentum. AUD/USD Intraday: consolidation. Pivot: 0.6695 Our preference: Long positions above 0.6695 with targets at 0.6740 & 0.6765 in extension. Alternative scenario: Below 0.6695 look for further downside with 0.6675 & 0.6655 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-07-31 08:10

Crude Oil (WTI)‎ (U3)‎ Intraday: watch 81.50. Pivot: 79.90 Our preference: Long positions above 79.90 with targets at 81.00 & 81.50 in extension. Alternative scenario: Below 79.90 look for further downside with 79.45 & 79.00 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: bullish bias above 1.0990. Pivot: 1.0990 Our preference: Long positions above 1.0990 with targets at 1.1045 & 1.1070 in extension. Alternative scenario: Below 1.0990 look for further downside with 1.0965 & 1.0940 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: bullish bias above 1949.00. Pivot: 1949.00 Our preference: Long positions above 1949.00 with targets at 1966.00 & 1974.00 in extension. Alternative scenario: Below 1949.00 look for further downside with 1942.00 & 1936.00 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2830 Our preference: Long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension. Alternative scenario: Below 1.2830 look for further downside with 1.2800 & 1.2770 as targets. Comment: A support base at 1.2830 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the upside prevails. Pivot: 140.20 Our preference: Long positions above 140.20 with targets at 141.30 & 141.70 in extension. Alternative scenario: Below 140.20 look for further downside with 139.75 & 139.25 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: rebound expected. Pivot: 0.6640 Our preference: Long positions above 0.6640 with targets at 0.6680 & 0.6710 in extension. Alternative scenario: Below 0.6640 look for further downside with 0.6620 & 0.6600 as targets. Comment: The RSI calls for a rebound.

2023-07-28 02:33

Crude Oil (WTI)‎ (U3)‎ Intraday: consolidation in place. Pivot: 80.20 Our preference: Short positions below 80.20 with targets at 79.30 & 79.00 in extension. Alternative scenario: Above 80.20 look for further upside with 80.60 & 81.20 as targets. Comment: As long as 80.20 is resistance, expect a return to 79.30. EUR/USD Intraday: under pressure. Pivot: 1.1035 Our preference: Short positions below 1.1035 with targets at 1.0940 & 1.0900 in extension. Alternative scenario: Above 1.1035 look for further upside with 1.1070 & 1.1110 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: under pressure. Pivot: 1958.00 Our preference: Short positions below 1958.00 with targets at 1938.00 & 1930.00 in extension. Alternative scenario: Above 1958.00 look for further upside with 1966.00 & 1974.00 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: the downside prevails. Pivot: 1.2870 Our preference: Short positions below 1.2870 with targets at 1.2740 & 1.2700 in extension. Alternative scenario: Above 1.2870 look for further upside with 1.2910 & 1.2950 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: watch 138.20. Pivot: 139.80 Our preference: Short positions below 139.80 with targets at 138.75 & 138.20 in extension. Alternative scenario: Above 139.80 look for further upside with 140.30 & 140.75 as targets. Comment: As long as the resistance at 139.80 is not surpassed, the risk of the break below 138.75 remains high. AUD/USD Intraday: towards 0.6660. Pivot: 0.6745 Our preference: Short positions below 0.6745 with targets at 0.6685 & 0.6660 in extension. Alternative scenario: Above 0.6745 look for further upside with 0.6770 & 0.6795 as targets. Comment: The RSI calls for a new downleg.

2023-07-27 01:51

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6735 Our preference: Long positions above 0.6735 with targets at 0.6780 & 0.6795 in extension. Alternative scenario: Below 0.6735 look for further downside with 0.6720 & 0.6700 as targets. Comment: The RSI calls for a rebound. Gold Intraday: supported by a rising trend line. Pivot: 1965.00 Our preference: Long positions above 1965.00 with targets at 1978.00 & 1983.00 in extension. Alternative scenario: Below 1965.00 look for further downside with 1959.00 & 1953.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (U3)‎ Intraday: range. Pivot: 79.65 Our preference: Short positions below 79.65 with targets at 78.30 & 77.80 in extension. Alternative scenario: Above 79.65 look for further upside with 80.50 & 81.20 as targets. Comment: The RSI is mixed with a bearish bias. EUR/USD Intraday: the bias remains bullish. Pivot: 1.1055 Our preference: Long positions above 1.1055 with targets at 1.1105 & 1.1125 in extension. Alternative scenario: Below 1.1055 look for further downside with 1.1035 & 1.1020 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: bullish bias above 1.2900. Pivot: 1.2900 Our preference: Long positions above 1.2900 with targets at 1.2960 & 1.2980 in extension. Alternative scenario: Below 1.2900 look for further downside with 1.2880 & 1.2860 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: capped by a negative trend line. Pivot: 140.70 Our preference: Short positions below 140.70 with targets at 140.15 & 139.90 in extension. Alternative scenario: Above 140.70 look for further upside with 140.95 & 141.20 as targets. Comment: As long as 140.70 is resistance, look for choppy price action with a bearish bias.