2023-06-09 02:29

AUD/USD Intraday: further upside. Pivot: 0.6680 Our preference: Long positions above 0.6680 with targets at 0.6740 & 0.6760 in extension. Alternative scenario: Below 0.6680 look for further downside with 0.6660 & 0.6640 as targets. Comment: The RSI calls for a new upleg. Gold Intraday: bullish bias above 1954.00. Pivot: 1954.00 Our preference: Long positions above 1954.00 with targets at 1974.00 & 1983.00 in extension. Alternative scenario: Below 1954.00 look for further downside with 1947.00 & 1939.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (N3)‎ Intraday: intraday support around 70.15. Pivot: 70.15 Our preference: Long positions above 70.15 with targets at 72.00 & 73.20 in extension. Alternative scenario: Below 70.15 look for further downside with 69.00 & 67.50 as targets. Comment: The next resistances are at 72.00 and then at 73.20. EUR/USD Intraday: the upside prevails. Pivot: 1.0750 Our preference: Long positions above 1.0750 with targets at 1.0800 & 1.0820 in extension. Alternative scenario: Below 1.0750 look for further downside with 1.0730 & 1.0710 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: further advance. Pivot: 1.2510 Our preference: Long positions above 1.2510 with targets at 1.2590 & 1.2620 in extension. Alternative scenario: Below 1.2510 look for further downside with 1.2480 & 1.2450 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: the downside prevails. Pivot: 139.40 Our preference: Short positions below 139.40 with targets at 138.60 & 138.20 in extension. Alternative scenario: Above 139.40 look for further upside with 139.70 & 140.00 as targets. Comment: The RSI is bearish and calls for further decline.

2023-06-08 02:13

AUD/USD Intraday: expect 0.6610. Pivot: 0.6675 Our preference: Short positions below 0.6675 with targets at 0.6630 & 0.6610 in extension. Alternative scenario: Above 0.6675 look for further upside with 0.6695 & 0.6715 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: the downside prevails. Pivot: 1954.00 Our preference: Short positions below 1954.00 with targets at 1932.00 & 1925.00 in extension. Alternative scenario: Above 1954.00 look for further upside with 1963.00 & 1970.00 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (N3)‎ Intraday: bullish bias above 72.00. Pivot: 72.00 Our preference: Long positions above 72.00 with targets at 73.20 & 73.80 in extension. Alternative scenario: Below 72.00 look for further downside with 71.00 & 70.10 as targets. Comment: Technically the RSI is above its neutrality area at 50. EUR/USD Intraday: key resistance at 1.0720. Pivot: 1.0720 Our preference: Short positions below 1.0720 with targets at 1.0680 & 1.0665 in extension. Alternative scenario: Above 1.0720 look for further upside with 1.0735 & 1.0750 as targets. Comment: As long as 1.0720 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: choppy. Pivot: 1.2465 Our preference: Short positions below 1.2465 with targets at 1.2415 & 1.2395 in extension. Alternative scenario: Above 1.2465 look for further upside with 1.2485 & 1.2500 as targets. Comment: The RSI is mixed with a bearish bias. USD/JPY Intraday: further advance. Pivot: 139.60 Our preference: Long positions above 139.60 with targets at 140.45 & 140.70 in extension. Alternative scenario: Below 139.60 look for further downside with 139.30 & 139.00 as targets. Comment: The RSI is bullish and calls for further upside.

2023-06-07 02:32

AUD/USD Intraday: further upside. Pivot: 0.6640 Our preference: Long positions above 0.6640 with targets at 0.6700 & 0.6720 in extension. Alternative scenario: Below 0.6640 look for further downside with 0.6625 & 0.6610 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: bullish bias above 1953.00. Pivot: 1953.00 Our preference: Long positions above 1953.00 with targets at 1974.00 & 1983.00 in extension. Alternative scenario: Below 1953.00 look for further downside with 1945.00 & 1938.00 as targets. Comment: A support base at 1953.00 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (N3)‎ Intraday: the bias remains bullish. Pivot: 71.00 Our preference: Long positions above 71.00 with targets at 72.30 & 73.00 in extension. Alternative scenario: Below 71.00 look for further downside with 70.10 & 69.40 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. EUR/USD Intraday: the downside prevails. Pivot: 1.0715 Our preference: Short positions below 1.0715 with targets at 1.0680 & 1.0665 in extension. Alternative scenario: Above 1.0715 look for further upside with 1.0730 & 1.0745 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0715. GBP/USD Intraday: key resistance at 1.2445. Pivot: 1.2445 Our preference: Short positions below 1.2445 with targets at 1.2405 & 1.2390 in extension. Alternative scenario: Above 1.2445 look for further upside with 1.2460 & 1.2475 as targets. Comment: As long as 1.2445 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: watch 140.00. Pivot: 139.30 Our preference: Long positions above 139.30 with targets at 139.80 & 140.00 in extension. Alternative scenario: Below 139.30 look for further downside with 139.10 & 138.90 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-06-06 03:58

AUD/USD Intraday: the upside prevails. Pivot: 0.6590 Our preference: Long positions above 0.6590 with targets at 0.6635 & 0.6650 in extension. Alternative scenario: Below 0.6590 look for further downside with 0.6575 & 0.6560 as targets. Comment: The RSI advocates for further advance. Gold Intraday: towards 1974.00. Pivot: 1951.00 Our preference: Long positions above 1951.00 with targets at 1966.00 & 1974.00 in extension. Alternative scenario: Below 1951.00 look for further downside with 1944.00 & 1938.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure. Pivot: 73.00 Our preference: Short positions below 73.00 with targets at 71.00 & 70.00 in extension. Alternative scenario: Above 73.00 look for further upside with 73.80 & 75.00 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: bullish bias above 1.0690. Pivot: 1.0690 Our preference: Long positions above 1.0690 with targets at 1.0725 & 1.0740 in extension. Alternative scenario: Below 1.0690 look for further downside with 1.0675 & 1.0660 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2400 Our preference: Long positions above 1.2400 with targets at 1.2450 & 1.2470 in extension. Alternative scenario: Below 1.2400 look for further downside with 1.2380 & 1.2365 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: under pressure. Pivot: 139.80 Our preference: Short positions below 139.80 with targets at 139.20 & 138.90 in extension. Alternative scenario: Above 139.80 look for further upside with 140.00 & 140.20 as targets. Comment: The RSI is bearish and calls for further decline.

2023-06-01 02:41

AUD/USD Intraday: towards 0.6540. Pivot: 0.6480 Our preference: Long positions above 0.6480 with targets at 0.6520 & 0.6540 in extension. Alternative scenario: Below 0.6480 look for further downside with 0.6460 & 0.6440 as targets. Comment: The RSI advocates for further upside. Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure. Pivot: 69.15 Our preference: Short positions below 69.15 with targets at 67.10 & 66.00 in extension. Alternative scenario: Above 69.15 look for further upside with 70.10 & 71.25 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: continuation of the rebound. Pivot: 1.0665 Our preference: Long positions above 1.0665 with targets at 1.0715 & 1.0735 in extension. Alternative scenario: Below 1.0665 look for further downside with 1.0650 & 1.0635 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: 1.2500 in sight. Pivot: 1.2400 Our preference: Long positions above 1.2400 with targets at 1.2470 & 1.2500 in extension. Alternative scenario: Below 1.2400 look for further downside with 1.2375 & 1.2350 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: under pressure. Pivot: 139.65 Our preference: Short positions below 139.65 with targets at 138.60 & 138.20 in extension. Alternative scenario: Above 139.65 look for further upside with 140.05 & 140.35 as targets. Comment: The RSI has broken down its 30 level.

2023-05-31 02:18

AUD/USD Intraday: choppy. Pivot: 0.6545 Our preference: Short positions below 0.6545 with targets at 0.6500 & 0.6485 in extension. Alternative scenario: Above 0.6545 look for further upside with 0.6560 & 0.6575 as targets. Comment: As long as 0.6545 is resistance, look for choppy price action with a bearish bias. Gold Intraday: bullish bias above 1949.00. Pivot: 1949.00 Our preference: Long positions above 1949.00 with targets at 1964.00 & 1971.00 in extension. Alternative scenario: Below 1949.00 look for further downside with 1940.00 & 1932.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (N3)‎ Intraday: the downside prevails. Pivot: 70.65 Our preference: Short positions below 70.65 with targets at 69.00 & 68.30 in extension. Alternative scenario: Above 70.65 look for further upside with 71.25 & 72.05 as targets. Comment: The RSI shows downside momentum. EUR/USD Intraday: further advance. Pivot: 1.0710 Our preference: Long positions above 1.0710 with targets at 1.0750 & 1.0770 in extension. Alternative scenario: Below 1.0710 look for further downside with 1.0690 & 1.0670 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: bullish bias above 1.2380. Pivot: 1.2380 Our preference: Long positions above 1.2380 with targets at 1.2440 & 1.2460 in extension. Alternative scenario: Below 1.2380 look for further downside with 1.2360 & 1.2330 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: under pressure. Pivot: 140.20 Our preference: Short positions below 140.20 with targets at 139.40 & 139.00 in extension. Alternative scenario: Above 140.20 look for further upside with 140.60 & 140.90 as targets. Comment: The RSI is bearish and calls for further downside.