2023-05-30 02:51

AUD/USD Intraday: consolidation. Pivot: 0.6550 Our preference: Short positions below 0.6550 with targets at 0.6525 & 0.6510 in extension. Alternative scenario: Above 0.6550 look for further upside with 0.6565 & 0.6580 as targets. Comment: The RSI is mixed with a bearish bias. Gold Intraday: the downside prevails. Pivot: 1951.00 Our preference: Short positions below 1951.00 with targets at 1937.00 & 1931.00 in extension. Alternative scenario: Above 1951.00 look for further upside with 1957.00 & 1964.00 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (N3)‎ Intraday: intraday support around 72.45. Pivot: 72.45 Our preference: Long positions above 72.45 with targets at 73.50 & 74.00 in extension. Alternative scenario: Below 72.45 look for further downside with 72.00 & 71.50 as targets. Comment: The next resistances are at 73.50 and then at 74.00. EUR/USD Intraday: the downside prevails. Pivot: 1.0730 Our preference: Short positions below 1.0730 with targets at 1.0690 & 1.0675 in extension. Alternative scenario: Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: key resistance at 1.2375. Pivot: 1.2375 Our preference: Short positions below 1.2375 with targets at 1.2335 & 1.2320 in extension. Alternative scenario: Above 1.2375 look for further upside with 1.2390 & 1.2410 as targets. Comment: As long as 1.2375 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 140.10. Pivot: 140.10 Our preference: Long positions above 140.10 with targets at 140.65 & 140.90 in extension. Alternative scenario: Below 140.10 look for further downside with 139.80 & 139.50 as targets. Comment: The RSI advocates for further advance.

2023-05-25 02:16

AUD/USD Intraday: expect 0.6500. 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 0.6590 & 0.6610 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: key resistance at 1970.00. Pivot: 1970.00 Our preference: Short positions below 1970.00 with targets at 1954.00 & 1944.00 in extension. Alternative scenario: Above 1970.00 look for further upside with 1977.00 & 1985.00 as targets. Comment: As long as the resistance at 1970.00 is not surpassed, the risk of the break below 1954.00 remains high. Crude Oil (WTI)‎ (N3)‎ Intraday: expect 75.70. Pivot: 73.40 Our preference: Long positions above 73.40 with targets at 75.15 & 75.70 in extension. Alternative scenario: Below 73.40 look for further downside with 72.80 & 72.20 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: the downside prevails. Pivot: 1.0780 Our preference: Short positions below 1.0780 with targets at 1.0730 & 1.0710 in extension. Alternative scenario: Above 1.0780 look for further upside with 1.0800 & 1.0820 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: under pressure. Pivot: 1.2400 Our preference: Short positions below 1.2400 with targets at 1.2350 & 1.2320 in extension. Alternative scenario: Above 1.2400 look for further upside with 1.2425 & 1.2450 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: 140.00 in sight. Pivot: 138.70 Our preference: Long positions above 138.70 with targets at 139.70 & 140.00 in extension. Alternative scenario: Below 138.70 look for further downside with 138.45 & 138.20 as targets. Comment: The RSI advocates for further advance.

2023-05-24 02:52

AUD/USD Intraday: under pressure. Pivot: 0.6630 Our preference: Short positions below 0.6630 with targets at 0.6600 & 0.6585 in extension. Alternative scenario: Above 0.6630 look for further upside with 0.6645 & 0.6660 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: towards 1990.00. Pivot: 1965.00 Our preference: Long positions above 1965.00 with targets at 1983.00 & 1990.00 in extension. Alternative scenario: Below 1965.00 look for further downside with 1959.00 & 1954.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (N3)‎ Intraday: further advance. Pivot: 72.70 Our preference: Long positions above 72.70 with targets at 74.60 & 75.45 in extension. Alternative scenario: Below 72.70 look for further downside with 72.15 & 71.70 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: the downside prevails. Pivot: 1.0795 Our preference: Short positions below 1.0795 with targets at 1.0755 & 1.0740 in extension. Alternative scenario: Above 1.0795 look for further upside with 1.0815 & 1.0830 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: key resistance at 1.2440. Pivot: 1.2440 Our preference: Short positions below 1.2440 with targets at 1.2400 & 1.2375 in extension. Alternative scenario: Above 1.2440 look for further upside with 1.2460 & 1.2480 as targets. Comment: As long as the resistance at 1.2440 is not surpassed, the risk of the break below 1.2400 remains high. USD/JPY Intraday: bullish bias above 138.25. Pivot: 138.25 Our preference: Long positions above 138.25 with targets at 138.90 & 139.20 in extension. Alternative scenario: Below 138.25 look for further downside with 138.00 & 137.75 as targets. Comment: A support base at 138.25 has formed and has allowed for a temporary stabilisation.

2023-05-23 04:59

AUD/USD Intraday: key resistance at 0.6670. Pivot: 0.6670 Our preference: Short positions below 0.6670 with targets at 0.6630 & 0.6615 in extension. Alternative scenario: Above 0.6670 look for further upside with 0.6685 & 0.6700 as targets. Comment: As long as 0.6670 is resistance, look for choppy price action with a bearish bias. Gold Intraday: consolidation. Pivot: 1980.00 Our preference: Short positions below 1980.00 with targets at 1963.00 & 1957.00 in extension. Alternative scenario: Above 1980.00 look for further upside with 1987.00 & 1993.00 as targets. Comment: The RSI lacks upward momentum. Crude Oil (WTI)‎ (N3)‎ Intraday: expect 73.40. Pivot: 71.55 Our preference: Long positions above 71.55 with targets at 73.00 & 73.40 in extension. Alternative scenario: Below 71.55 look for further downside with 71.20 & 70.65 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: key resistance at 1.0830. Pivot: 1.0830 Our preference: Short positions below 1.0830 with targets at 1.0795 & 1.0780 in extension. Alternative scenario: Above 1.0830 look for further upside with 1.0845 & 1.0860 as targets. Comment: As long as 1.0830 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: towards 1.2390. Pivot: 1.2460 Our preference: Short positions below 1.2460 with targets at 1.2410 & 1.2390 in extension. Alternative scenario: Above 1.2460 look for further upside with 1.2475 & 1.2490 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: further advance. Pivot: 138.25 Our preference: Long positions above 138.25 with targets at 138.90 & 139.20 in extension. Alternative scenario: Below 138.25 look for further downside with 138.00 & 137.75 as targets. Comment: The RSI shows upside momentum.

2023-05-22 02:25

AUD/USD Intraday: bullish bias above 0.6630. Pivot: 0.6630 Our preference: Long positions above 0.6630 with targets at 0.6675 & 0.6690 in extension. Alternative scenario: Below 0.6630 look for further downside with 0.6615 & 0.6600 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: continuation of the rebound. Pivot: 1969.00 Our preference: Long positions above 1969.00 with targets at 1987.00 & 1993.00 in extension. Alternative scenario: Below 1969.00 look for further downside with 1963.00 & 1957.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (N3)‎ Intraday: the downside prevails. Pivot: 72.20 Our preference: Short positions below 72.20 with targets at 71.20 & 70.50 in extension. Alternative scenario: Above 72.20 look for further upside with 72.80 & 73.40 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: towards 1.0850. Pivot: 1.0795 Our preference: Long positions above 1.0795 with targets at 1.0835 & 1.0850 in extension. Alternative scenario: Below 1.0795 look for further downside with 1.0780 & 1.0760 as targets. Comment: The RSI advocates for further upside. GBP/USD Intraday: watch 1.2490. Pivot: 1.2430 Our preference: Long positions above 1.2430 with targets at 1.2470 & 1.2490 in extension. Alternative scenario: Below 1.2430 look for further downside with 1.2410 & 1.2390 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the downside prevails. Pivot: 138.20 Our preference: Short positions below 138.20 with targets at 137.40 & 137.10 in extension. Alternative scenario: Above 138.20 look for further upside with 138.50 & 138.75 as targets. Comment: The RSI calls for a new downleg.

2023-05-19 01:58

AUD/USD Intraday: rebound expected. Pivot: 0.6605 Our preference: Long positions above 0.6605 with targets at 0.6645 & 0.6670 in extension. Alternative scenario: Below 0.6605 look for further downside with 0.6585 & 0.6565 as targets. Comment: The RSI calls for a rebound. Gold Intraday: target 1940.00. Pivot: 1972.00 Our preference: Short positions below 1972.00 with targets at 1950.00 & 1940.00 in extension. Alternative scenario: Above 1972.00 look for further upside with 1979.00 & 1986.00 as targets. Comment: The RSI is bearish and calls for further decline. Crude Oil (WTI)‎ (N3)‎ Intraday: choppy. Pivot: 72.55 Our preference: Short positions below 72.55 with targets at 71.50 & 71.00 in extension. Alternative scenario: Above 72.55 look for further upside with 72.85 & 73.30 as targets. Comment: The RSI is around its neutrality area at 50% EUR/USD Intraday: the downside prevails. Pivot: 1.0805 Our preference: Short positions below 1.0805 with targets at 1.0750 & 1.0730 in extension. Alternative scenario: Above 1.0805 look for further upside with 1.0830 & 1.0850 as targets. Comment: As long as 1.0805 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: watch 1.2385. Pivot: 1.2450 Our preference: Short positions below 1.2450 with targets at 1.2385 & 1.2365 in extension. Alternative scenario: Above 1.2450 look for further upside with 1.2475 & 1.2510 as targets. Comment: A break below 1.2385 would trigger a drop towards 1.2365. USD/JPY Intraday: further upside. Pivot: 138.00 Our preference: Long positions above 138.00 with targets at 139.00 & 139.40 in extension. Alternative scenario: Below 138.00 look for further downside with 137.65 & 137.25 as targets. Comment: The break above 138.00 is a positive signal that has opened a path to 139.00.