2023-06-28 09:39

Gold Intraday: key resistance at 1923.00. Pivot: 1923.00 Our preference: Short positions below 1923.00 with targets at 1910.00 & 1903.00 in extension. Alternative scenario: Above 1923.00 look for further upside with 1930.00 & 1937.00 as targets. Comment: As long as the resistance at 1923.00 is not surpassed, the risk of the break below 1910.00 remains high. Crude Oil (WTI)‎ (Q3)‎ Intraday: the downside prevails. Pivot: 68.70 Our preference: Short positions below 68.70 with targets at 66.90 & 66.20 in extension. Alternative scenario: Above 68.70 look for further upside with 69.30 & 70.15 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: the upside prevails. Pivot: 1.0930 Our preference: Long positions above 1.0930 with targets at 1.0975 & 1.0990 in extension. Alternative scenario: Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: bullish bias above 143.45. Pivot: 143.45 Our preference: Long positions above 143.45 with targets at 144.20 & 144.40 in extension. Alternative scenario: Below 143.45 look for further downside with 143.20 & 142.95 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2715 Our preference: Long positions above 1.2715 with targets at 1.2760 & 1.2780 in extension. Alternative scenario: Below 1.2715 look for further downside with 1.2700 & 1.2685 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: choppy. Pivot: 0.6705 Our preference: Short positions below 0.6705 with targets at 0.6665 & 0.6650 in extension. Alternative scenario: Above 0.6705 look for further upside with 0.6720 & 0.6735 as targets. Comment: As long as the resistance at 0.6705 is not surpassed, the risk of the break below 0.6665 remains high.

2023-06-27 02:02

Gold Intraday: choppy. Pivot: 1932.00 Our preference: Short positions below 1932.00 with targets at 1916.00 & 1910.00 in extension. Alternative scenario: Above 1932.00 look for further upside with 1937.00 & 1942.00 as targets. Comment: The RSI calls for a drop. Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 68.70. Pivot: 68.70 Our preference: Long positions above 68.70 with targets at 70.10 & 70.90 in extension. Alternative scenario: Below 68.70 look for further downside with 68.10 & 67.35 as targets. Comment: Intraday technical indicators lack momentum. EUR/USD Intraday: key resistance at 1.0920. Pivot: 1.0920 Our preference: Short positions below 1.0920 with targets at 1.0890 & 1.0875 in extension. Alternative scenario: Above 1.0920 look for further upside with 1.0935 & 1.0950 as targets. Comment: As long as 1.0920 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the bias remains bullish. Pivot: 143.05 Our preference: Long positions above 143.05 with targets at 143.70 & 143.90 in extension. Alternative scenario: Below 143.05 look for further downside with 142.80 & 142.60 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: expect 1.2670. Pivot: 1.2735 Our preference: Short positions below 1.2735 with targets at 1.2685 & 1.2670 in extension. Alternative scenario: Above 1.2735 look for further upside with 1.2750 & 1.2765 as targets. Comment: As long as the resistance at 1.2735 is not surpassed, the risk of the break below 1.2685 remains high. AUD/USD Intraday: key resistance at 0.6695. Pivot: 0.6695 Our preference: Short positions below 0.6695 with targets at 0.6660 & 0.6645 in extension. Alternative scenario: Above 0.6695 look for further upside with 0.6710 & 0.6725 as targets. Comment: As long as 0.6695 is resistance, look for choppy price action with a bearish bias.

2023-06-26 02:23

Gold Intraday: rebound expected. Pivot: 1916.00 Our preference: Long positions above 1916.00 with targets at 1929.00 & 1936.00 in extension. Alternative scenario: Below 1916.00 look for further downside with 1910.00 & 1904.00 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. EUR/USD Intraday: towards 1.0940. Pivot: 1.0875 Our preference: Long positions above 1.0875 with targets at 1.0920 & 1.0940 in extension. Alternative scenario: Below 1.0875 look for further downside with 1.0860 & 1.0840 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: bullish bias above 1.2700. Pivot: 1.2700 Our preference: Long positions above 1.2700 with targets at 1.2740 & 1.2760 in extension. Alternative scenario: Below 1.2700 look for further downside with 1.2685 & 1.2670 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: consolidation. Pivot: 143.90 Our preference: Short positions below 143.90 with targets at 143.25 & 142.95 in extension. Alternative scenario: Above 143.90 look for further upside with 144.10 & 144.30 as targets. Comment: The RSI is mixed with a bearish bias. Crude Oil (WTI)‎ (Q3)‎ Intraday: continuation of the rebound. Pivot: 68.65 Our preference: Long positions above 68.65 with targets at 70.90 & 71.60 in extension. Alternative scenario: Below 68.65 look for further downside with 68.10 & 67.35 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: rebound expected. Pivot: 0.6660 Our preference: Long positions above 0.6660 with targets at 0.6700 & 0.6715 in extension. Alternative scenario: Below 0.6660 look for further downside with 0.6645 & 0.6630 as targets. Comment: A support base at 0.6660 has formed and has allowed for a temporary stabilisation.

2023-06-23 02:44

AUD/USD Intraday: expect 0.6720. Pivot: 0.6785 Our preference: Short positions below 0.6785 with targets at 0.6740 & 0.6720 in extension. Alternative scenario: Above 0.6785 look for further upside with 0.6805 & 0.6825 as targets. Comment: As long as the resistance at 0.6785 is not surpassed, the risk of the break below 0.6740 remains high. Gold Intraday: 1900.00 in sight. Pivot: 1924.00 Our preference: Short positions below 1924.00 with targets at 1908.00 & 1900.00 in extension. Alternative scenario: Above 1924.00 look for further upside with 1930.00 & 1937.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (Q3)‎ Intraday: the downside prevails. Pivot: 70.30 Our preference: Short positions below 70.30 with targets at 68.70 & 68.00 in extension. Alternative scenario: Above 70.30 look for further upside with 71.10 & 71.70 as targets. Comment: A break below 68.70 would trigger a drop towards 68.00. EUR/USD Intraday: towards 1.0920. Pivot: 1.0980 Our preference: Short positions below 1.0980 with targets at 1.0935 & 1.0920 in extension. Alternative scenario: Above 1.0980 look for further upside with 1.0995 & 1.1010 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: choppy. Pivot: 1.2780 Our preference: Short positions below 1.2780 with targets at 1.2710 & 1.2690 in extension. Alternative scenario: Above 1.2780 look for further upside with 1.2800 & 1.2820 as targets. Comment: As long as 1.2780 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. Pivot: 142.60 Our preference: Long positions above 142.60 with targets at 143.40 & 143.70 in extension. Alternative scenario: Below 142.60 look for further downside with 142.30 & 141.90 as targets. Comment: The RSI calls for a new upleg.

2023-06-21 04:55

AUD/USD Intraday: rebound expected. Pivot: 0.6765 Our preference: Long positions above 0.6765 with targets at 0.6805 & 0.6820 in extension. Alternative scenario: Below 0.6765 look for further downside with 0.6750 & 0.6735 as targets. Comment: The RSI shows upside momentum. Gold Intraday: key resistance at 1945.00. Pivot: 1945.00 Our preference: Short positions below 1945.00 with targets at 1930.00 & 1925.00 in extension. Alternative scenario: Above 1945.00 look for further upside with 1950.00 & 1956.00 as targets. Comment: As long as the resistance at 1945.00 is not surpassed, the risk of the break below 1930.00 remains high. Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 70.35. Pivot: 70.35 Our preference: Long positions above 70.35 with targets at 71.40 & 71.75 in extension. Alternative scenario: Below 70.35 look for further downside with 69.75 & 68.90 as targets. Comment: The RSI is mixed to bullish. EUR/USD Intraday: bullish bias above 1.0890. Pivot: 1.0890 Our preference: Long positions above 1.0890 with targets at 1.0940 & 1.0955 in extension. Alternative scenario: Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: rebound. Pivot: 1.2730 Our preference: Long positions above 1.2730 with targets at 1.2785 & 1.2805 in extension. Alternative scenario: Below 1.2730 look for further downside with 1.2710 & 1.2690 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: towards 140.80. Pivot: 141.75 Our preference: Short positions below 141.75 with targets at 141.10 & 140.80 in extension. Alternative scenario: Above 141.75 look for further upside with 142.00 & 142.25 as targets. Comment: The RSI advocates for further downside.

2023-06-20 02:52

AUD/USD Intraday: towards 0.6820. Pivot: 0.6870 Our preference: Short positions below 0.6870 with targets at 0.6835 & 0.6820 in extension. Alternative scenario: Above 0.6870 look for further upside with 0.6885 & 0.6900 as targets. Comment: A break below 0.6835 would trigger a drop towards 0.6820. Gold Intraday: key resistance at 1959.00. Pivot: 1959.00 Our preference: Short positions below 1959.00 with targets at 1945.00 & 1939.00 in extension. Alternative scenario: Above 1959.00 look for further upside with 1966.00 & 1973.00 as targets. Comment: As long as the resistance at 1959.00 is not surpassed, the risk of the break below 1945.00 remains high. Crude Oil (WTI)‎ (Q3)‎ Intraday: choppy. Pivot: 72.20 Our preference: Short positions below 72.20 with targets at 70.80 & 70.20 in extension. Alternative scenario: Above 72.20 look for further upside with 73.00 & 73.90 as targets. Comment: As long as 72.20 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: watch 1.0890. Pivot: 1.0940 Our preference: Short positions below 1.0940 with targets at 1.0905 & 1.0890 in extension. Alternative scenario: Above 1.0940 look for further upside with 1.0955 & 1.0970 as targets. Comment: The RSI advocates for further downside. GBP/USD Intraday: consolidation Pivot: 1.2820 Our preference: Short positions below 1.2820 with targets at 1.2770 & 1.2755 in extension. Alternative scenario: Above 1.2820 look for further upside with 1.2835 & 1.2850 as targets. Comment: As long as 1.2820 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. Pivot: 141.65 Our preference: Long positions above 141.65 with targets at 142.10 & 142.30 in extension. Alternative scenario: Below 141.65 look for further downside with 141.45 & 141.20 as targets. Comment: The RSI calls for a bounce.