2023-07-26 02:28

AUD/USD Intraday: further upside. Pivot: 0.6760 Our preference: Long positions above 0.6760 with targets at 0.6810 & 0.6825 in extension. Alternative scenario: Below 0.6760 look for further downside with 0.6745 & 0.6730 as targets. Comment: The RSI advocates for further advance. Gold Intraday: continuation of the rebound. Pivot: 1958.00 Our preference: Long positions above 1958.00 with targets at 1971.00 & 1976.00 in extension. Alternative scenario: Below 1958.00 look for further downside with 1953.00 & 1948.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (U3)‎ Intraday: bullish bias above 78.80. Pivot: 78.80 Our preference: Long positions above 78.80 with targets at 79.90 & 80.50 in extension. Alternative scenario: Below 78.80 look for further downside with 78.30 & 77.80 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: bullish bias above 1.1035. Pivot: 1.1035 Our preference: Long positions above 1.1035 with targets at 1.1070 & 1.1085 in extension. Alternative scenario: Below 1.1035 look for further downside with 1.1020 & 1.1000 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: further advance. Pivot: 1.2860 Our preference: Long positions above 1.2860 with targets at 1.2920 & 1.2940 in extension. Alternative scenario: Below 1.2860 look for further downside with 1.2835 & 1.2810 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: the downside prevails. Pivot: 141.40 Our preference: Short positions below 141.40 with targets at 140.50 & 140.20 in extension. Alternative scenario: Above 141.40 look for further upside with 141.70 & 141.95 as targets. Comment: The RSI calls for a new downleg.

2023-07-25 02:51

AUD/USD Intraday: key resistance at 0.6755. Pivot: 0.6755 Our preference: Short positions below 0.6755 with targets at 0.6720 & 0.6705 in extension. Alternative scenario: Above 0.6755 look for further upside with 0.6770 & 0.6785 as targets. Comment: As long as 0.6755 is resistance, look for choppy price action with a bearish bias. Gold Intraday: under pressure. Pivot: 1963.00 Our preference: Short positions below 1963.00 with targets at 1946.00 & 1940.00 in extension. Alternative scenario: Above 1963.00 look for further upside with 1968.00 & 1973.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (U3)‎ Intraday: bullish bias above 77.80. Pivot: 77.80 Our preference: Long positions above 77.80 with targets at 80.00 & 80.50 in extension. Alternative scenario: Below 77.80 look for further downside with 77.25 & 76.50 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: the downside prevails. Pivot: 1.1090 Our preference: Short positions below 1.1090 with targets at 1.1040 & 1.1025 in extension. Alternative scenario: Above 1.1090 look for further upside with 1.1105 & 1.1120 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: expect 1.2770. Pivot: 1.2855 Our preference: Short positions below 1.2855 with targets at 1.2795 & 1.2770 in extension. Alternative scenario: Above 1.2855 look for further upside with 1.2880 & 1.2900 as targets. Comment: As long as the resistance at 1.2855 is not surpassed, the risk of the break below 1.2795 remains high. USD/JPY Intraday: bullish bias above 141.00. Pivot: 141.00 Our preference: Long positions above 141.00 with targets at 141.95 & 142.30 in extension. Alternative scenario: Below 141.00 look for further downside with 140.75 & 140.50 as targets. Comment: The RSI calls for a bounce.

2023-07-24 02:47

AUD/USD Intraday: under pressure. Pivot: 0.6750 Our preference: Short positions below 0.6750 with targets at 0.6710 & 0.6690 in extension. Alternative scenario: Above 0.6750 look for further upside with 0.6770 & 0.6785 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: key resistance at 1968.00. Pivot: 1968.00 Our preference: Short positions below 1968.00 with targets at 1957.00 & 1951.00 in extension. Alternative scenario: Above 1968.00 look for further upside with 1973.00 & 1979.00 as targets. Comment: The RSI lacks upward momentum. Crude Oil (WTI)‎ (U3)‎ Intraday: bullish bias above 76.00. Pivot: 76.00 Our preference: Long positions above 76.00 with targets at 77.30 & 78.00 in extension. Alternative scenario: Below 76.00 look for further downside with 75.40 & 74.50 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: rebound expected. Pivot: 1.1105 Our preference: Long positions above 1.1105 with targets at 1.1145 & 1.1160 in extension. Alternative scenario: Below 1.1105 look for further downside with 1.1090 & 1.1075 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: bullish bias above 1.2815. Pivot: 1.2815 Our preference: Long positions above 1.2815 with targets at 1.2880 & 1.2900 in extension. Alternative scenario: Below 1.2815 look for further downside with 1.2800 & 1.2780 as targets. Comment: A support base at 1.2815 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the upside prevails Pivot: 141.20 Our preference: Long positions above 141.20 with targets at 142.15 & 142.40 in extension. Alternative scenario: Below 141.20 look for further downside with 140.85 & 140.50 as targets. Comment: The RSI advocates for further advance.

2023-07-20 01:52

AUD/USD Intraday: key resistance at 0.6790. Pivot: 0.6790 Our preference: Short positions below 0.6790 with targets at 0.6750 & 0.6735 in extension. Alternative scenario: Above 0.6790 look for further upside with 0.6805 & 0.6820 as targets. Comment: As long as the resistance at 0.6790 is not surpassed, the risk of the break below 0.6750 remains high. Gold Intraday: bullish bias above 1969.00. Pivot: 1969.00 Our preference: Long positions above 1969.00 with targets at 1984.00 & 1990.00 in extension. Alternative scenario: Below 1969.00 look for further downside with 1962.00 & 1955.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (U3)‎ Intraday: the downside prevails. Pivot: 76.05 Our preference: Short positions below 76.05 with targets at 74.60 & 73.80 in extension. Alternative scenario: Above 76.05 look for further upside with 76.70 & 77.15 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: the downside prevails. Pivot: 1.1220 Our preference: Short positions below 1.1220 with targets at 1.1180 & 1.1165 in extension. Alternative scenario: Above 1.1220 look for further upside with 1.1235 & 1.1255 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: key resistance at 1.2970. Pivot: 1.2970 Our preference: Short positions below 1.2970 with targets at 1.2900 & 1.2870 in extension. Alternative scenario: Above 1.2970 look for further upside with 1.3000 & 1.3030 as targets. Comment: As long as 1.2970 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 139.35. Pivot: 139.35 Our preference: Long positions above 139.35 with targets at 140.00 & 140.20 in extension. Alternative scenario: Below 139.35 look for further downside with 139.10 & 138.80 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-07-18 01:57

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6795 Our preference: Long positions above 0.6795 with targets at 0.6830 & 0.6845 in extension. Alternative scenario: Below 0.6795 look for further downside with 0.6780 & 0.6765 as targets. Comment: A support base at 0.6795 has formed and has allowed for a temporary stabilisation. Gold Intraday: bullish bias above 1946.00. Pivot: 1946.00 Our preference: Long positions above 1946.00 with targets at 1963.00 & 1968.00 in extension. Alternative scenario: Below 1946.00 look for further downside with 1940.00 & 1933.00 as targets. Comment: A support base at 1946.00 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (U3)‎ Intraday: under pressure. Pivot: 75.00 Our preference: Short positions below 75.00 with targets at 73.65 & 72.60 in extension. Alternative scenario: Above 75.00 look for further upside with 75.80 & 76.40 as targets. Comment: A break below 73.65 would trigger a drop towards 72.60. EUR/USD Intraday: the bias remains bullish. Pivot: 1.1215 Our preference: Long positions above 1.1215 with targets at 1.1250 & 1.1265 in extension. Alternative scenario: Below 1.1215 look for further downside with 1.1200 & 1.1185 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: watch 1.3040. Pivot: 1.3095 Our preference: Short positions below 1.3095 with targets at 1.3055 & 1.3040 in extension. Alternative scenario: Above 1.3095 look for further upside with 1.3110 & 1.3130 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: bullish bias above 138.30. Pivot: 138.30 Our preference: Long positions above 138.30 with targets at 139.10 & 139.40 in extension. Alternative scenario: Below 138.30 look for further downside with 138.00 & 137.70 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-07-17 06:51

Gold Intraday: towards 1943.00. Pivot: 1958.00 Our preference: Short positions below 1958.00 with targets at 1948.00 & 1943.00 in extension. Alternative scenario: Above 1958.00 look for further upside with 1963.00 & 1968.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (Q3)‎ Intraday: the downside prevails. Pivot: 75.90 Our preference: Short positions below 75.90 with targets at 74.00 & 73.30 in extension. Alternative scenario: Above 75.90 look for further upside with 76.60 & 77.30 as targets. Comment: The RSI has broken down its 30 level. EUR/USD Intraday: bullish bias above 1.1205. Pivot: 1.1205 Our preference: Long positions above 1.1205 with targets at 1.1245 & 1.1265 in extension. Alternative scenario: Below 1.1205 look for further downside with 1.1180 & 1.1160 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: watch 1.3075. Pivot: 1.3125 Our preference: Short positions below 1.3125 with targets at 1.3075 & 1.3050 in extension. Alternative scenario: Above 1.3125 look for further upside with 1.3145 & 1.3170 as targets. Comment: A break below 1.3075 would trigger a drop towards 1.3050. USD/JPY Intraday: the bias remains bullish. Pivot: 138.30 Our preference: Long positions above 138.30 with targets at 139.15 & 139.45 in extension. Alternative scenario: Below 138.30 look for further downside with 138.00 & 137.65 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: the downside prevails. Pivot: 0.6860 Our preference: Short positions below 0.6860 with targets at 0.6820 & 0.6805 in extension. Alternative scenario: Above 0.6860 look for further upside with 0.6880 & 0.6895 as targets. Comment: The RSI is bearish and calls for further downside.