2023-06-19 03:07

AUD/USD Intraday: bullish bias above 0.6855. Pivot: 0.6855 Our preference: Long positions above 0.6855 with targets at 0.6900 & 0.6915 in extension. Alternative scenario: Below 0.6855 look for further downside with 0.6840 & 0.6825 as targets. Comment: The RSI calls for a bounce. Gold Intraday: intraday support around 1951.00. Pivot: 1951.00 Our preference: Long positions above 1951.00 with targets at 1966.00 & 1973.00 in extension. Alternative scenario: Below 1951.00 look for further downside with 1945.00 & 1939.00 as targets. Comment: The immediate trend remains up but the momentum is weak. Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 70.70. Pivot: 70.70 Our preference: Long positions above 70.70 with targets at 72.00 & 72.70 in extension. Alternative scenario: Below 70.70 look for further downside with 70.20 & 69.70 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 1.0915. Pivot: 1.0915 Our preference: Long positions above 1.0915 with targets at 1.0970 & 1.0985 in extension. Alternative scenario: Below 1.0915 look for further downside with 1.0900 & 1.0885 as targets. Comment: A support base at 1.0915 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: the upside prevails. Pivot: 1.2790 Our preference: Long positions above 1.2790 with targets at 1.2850 & 1.2875 in extension. Alternative scenario: Below 1.2790 look for further downside with 1.2765 & 1.2740 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: further upside. Pivot: 141.40 Our preference: Long positions above 141.40 with targets at 142.20 & 142.50 in extension. Alternative scenario: Below 141.40 look for further downside with 141.10 & 140.80 as targets. Comment: The RSI is bullish and calls for further advance.

2023-06-16 02:45

AUD/USD Intraday: further advance. Pivot: 0.6850 Our preference: Long positions above 0.6850 with targets at 0.6910 & 0.6930 in extension. Alternative scenario: Below 0.6850 look for further downside with 0.6830 & 0.6810 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: towards 1973.00. Pivot: 1946.00 Our preference: Long positions above 1946.00 with targets at 1965.00 & 1973.00 in extension. Alternative scenario: Below 1946.00 look for further downside with 1938.00 & 1932.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (N3)‎ Intraday: bullish bias above 69.80. Pivot: 69.80 Our preference: Long positions above 69.80 with targets at 71.00 & 71.70 in extension. Alternative scenario: Below 69.80 look for further downside with 69.20 & 68.70 as targets. Comment: The next resistances are at 71.00 and then at 71.70. EUR/USD Intraday: 1.1000 in sight. Pivot: 1.0900 Our preference: Long positions above 1.0900 with targets at 1.0980 & 1.1000 in extension. Alternative scenario: Below 1.0900 look for further downside with 1.0880 & 1.0860 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: the upside prevails. Pivot: 1.2750 Our preference: Long positions above 1.2750 with targets at 1.2810 & 1.2840 in extension. Alternative scenario: Below 1.2750 look for further downside with 1.2725 & 1.2700 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: watch 139.30. Pivot: 140.70 Our preference: Short positions below 140.70 with targets at 139.70 & 139.30 in extension. Alternative scenario: Above 140.70 look for further upside with 141.10 & 141.50 as targets. Comment: The RSI is bearish and calls for further decline.

2023-06-15 02:37

AUD/USD Intraday: bullish bias above 0.6775. Pivot: 0.6775 Our preference: Long positions above 0.6775 with targets at 0.6815 & 0.6835 in extension. Alternative scenario: Below 0.6775 look for further downside with 0.6755 & 0.6735 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: under pressure. Pivot: 1952.00 Our preference: Short positions below 1952.00 with targets at 1939.00 & 1933.00 in extension. Alternative scenario: Above 1952.00 look for further upside with 1960.00 & 1966.00 as targets. Comment: As long as the resistance at 1952.00 is not surpassed, the risk of the break below 1939.00 remains high. Crude Oil (WTI)‎ (N3)‎ Intraday: key resistance at 69.30. Pivot: 69.30 Our preference: Short positions below 69.30 with targets at 68.10 & 67.50 in extension. Alternative scenario: Above 69.30 look for further upside with 69.80 & 70.50 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: bullish bias above 1.0805. Pivot: 1.0805 Our preference: Long positions above 1.0805 with targets at 1.0865 & 1.0880 in extension. Alternative scenario: Below 1.0805 look for further downside with 1.0790 & 1.0770 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2630 Our preference: Long positions above 1.2630 with targets at 1.2700 & 1.2720 in extension. Alternative scenario: Below 1.2630 look for further downside with 1.2610 & 1.2590 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: further advance. Pivot: 139.70 Our preference: Long positions above 139.70 with targets at 140.30 & 140.60 in extension. Alternative scenario: Below 139.70 look for further downside with 139.50 & 139.30 as targets. Comment: The RSI is bullish and calls for further upside.

2023-06-14 05:09

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6750 Our preference: Long positions above 0.6750 with targets at 0.6790 & 0.6805 in extension. Alternative scenario: Below 0.6750 look for further downside with 0.6735 & 0.6720 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: the downside prevails. Pivot: 1952.00 Our preference: Short positions below 1952.00 with targets at 1939.00 & 1933.00 in extension. Alternative scenario: Above 1952.00 look for further upside with 1958.00 & 1964.00 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (N3)‎ Intraday: the bias remains bullish. Pivot: 68.25 Our preference: Long positions above 68.25 with targets at 69.80 & 70.80 in extension. Alternative scenario: Below 68.25 look for further downside with 67.50 & 66.80 as targets. Comment: The RSI is above its neutrality area at 50%. EUR/USD Intraday: bullish bias above 1.0770. Pivot: 1.0770 Our preference: Long positions above 1.0770 with targets at 1.0805 & 1.0820 in extension. Alternative scenario: Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: the upside prevails. Pivot 1.2570 Our preference: Long positions above 1.2570 with targets at 1.2625 & 1.2650 in extension. Alternative scenario: Below 1.2570 look for further downside with 1.2540 & 1.2515 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: further advance. Pivot: 139.80 Our preference: Long positions above 139.80 with targets at 140.45 & 140.70 in extension. Alternative scenario: Below 139.80 look for further downside with 139.50 & 139.20 as targets. Comment: The RSI is bullish and calls for further upside.

2023-06-13 02:12

UD/USD Intraday: bullish bias above 0.6730. Pivot: 0.6730 Our preference: Long positions above 0.6730 with targets at 0.6770 & 0.6785 in extension. Alternative scenario: Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets. Comment: The RSI is mixed with a bullish bias. Gold Intraday: rebound expected. Pivot: 1952.00 Our preference: Long positions above 1952.00 with targets at 1966.00 & 1973.00 in extension. Alternative scenario: Below 1952.00 look for further downside with 1948.00 & 1943.00 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure. Pivot: 68.70 Our preference: Short positions below 68.70 with targets at 66.40 & 64.90 in extension. Alternative scenario: Above 68.70 look for further upside with 69.50 & 70.40 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: the bias remains bullish. Pivot: 1.0735 Our preference: Long positions above 1.0735 with targets at 1.0775 & 1.0790 in extension. Alternative scenario: Below 1.0735 look for further downside with 1.0720 & 1.0700 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: the downside prevails. Pivot: 1.2535 Our preference: Short positions below 1.2535 with targets at 1.2485 & 1.2465 in extension. Alternative scenario: Above 1.2535 look for further upside with 1.2555 & 1.2575 as targets. Comment: The RSI is bearish and calls for further decline. USD/JPY Intraday: bullish bias above 139.10. Pivot: 139.10 Our preference: Long positions above 139.10 with targets at 139.75 & 139.95 in extension. Alternative scenario: Below 139.10 look for further downside with 138.90 & 138.75 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-06-12 04:18

AUD/USD Intraday: the upside prevails. Pivot: 0.6710 Our preference: Long positions above 0.6710 with targets at 0.6760 & 0.6780 in extension. Alternative scenario: Below 0.6710 look for further downside with 0.6690 & 0.6675 as targets. Comment: The RSI calls for a new upleg. Gold Intraday: consolidation in place. Pivot: 1967.00 Our preference: Short positions below 1967.00 with targets at 1954.00 & 1948.00 in extension. Alternative scenario: Above 1967.00 look for further upside with 1973.00 & 1978.00 as targets. Comment: As long as 1967.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure. Pivot: 71.00 Our preference: Short positions below 71.00 with targets at 69.00 & 68.25 in extension. Alternative scenario: Above 71.00 look for further upside with 71.70 & 72.20 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: bullish bias above 1.0730. Pivot: 1.0730 Our preference: Long positions above 1.0730 with targets at 1.0760 & 1.0775 in extension. Alternative scenario: Below 1.0730 look for further downside with 1.0715 & 1.0700 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: further advance. Pivot: 1.2550 Our preference: Long positions above 1.2550 with targets at 1.2600 & 1.2620 in extension. Alternative scenario: Below 1.2550 look for further downside with 1.2530 & 1.2510 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the bias remains bullish. Pivot: 139.05 Our preference: Long positions above 139.05 with targets at 139.55 & 139.70 in extension. Alternative scenario: Below 139.05 look for further downside with 138.90 & 138.75 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.