2023-05-18 02:15

AUD/USD Intraday: bullish bias above 0.6645. Pivot: 0.6645 Our preference: Long positions above 0.6645 with targets at 0.6675 & 0.6690 in extension. Alternative scenario: Below 0.6645 look for further downside with 0.6630 & 0.6615 as targets. Comment: A support base at 0.6645 has formed and has allowed for a temporary stabilisation. Gold Intraday: key resistance at 1990.00. Pivot: 1990.00 Our preference: Short positions below 1990.00 with targets at 1975.00 & 1970.00 in extension. Alternative scenario: Above 1990.00 look for further upside with 1995.00 & 2001.00 as targets. Comment: As long as the resistance at 1990.00 is not surpassed, the risk of the break below 1975.00 Crude Oil (WTI)‎ (N3)‎ Intraday: bullish bias above 72.10. Pivot: 72.10 Our preference: Long positions above 72.10 with targets at 73.30 & 73.80 in extension. Alternative scenario: Below 72.10 look for further downside with 71.60 & 71.00 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: key resistance at 1.0855. Pivot: 1.0855 Our preference: Short positions below 1.0855 with targets at 1.0815 & 1.0800 in extension. Alternative scenario: Above 1.0855 look for further upside with 1.0875 & 1.0900 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0855. GBP/USD Intraday: bullish bias above 1.2460. Pivot: 1.2460 Our preference: Long positions above 1.2460 with targets at 1.2510 & 1.2530 in extension. Alternative scenario: Below 1.2460 look for further downside with 1.2440 & 1.2420 as targets. Comment: Technically the RSI is above its neutrality area at 50. USD/JPY Intraday: further advance. Pivot: 137.10 Our preference: Long positions above 137.10 with targets at 137.85 & 138.20 in extension. Alternative scenario: Below 137.10 look for further downside with 136.70 & 136.25 as targets. Comment: The break above 137.10 is a positive signal that has opened a path to 137.85.

2023-05-16 04:23

AUD/USD Intraday: continuation of the rebound. Pivot: 0.6670 Our preference: Long positions above 0.6670 with targets at 0.6720 & 0.6740 in extension. Alternative scenario: Below 0.6670 look for further downside with 0.6650 & 0.6635 as targets. Comment: The RSI lacks downward momentum. Gold Intraday: intraday support around 2008.00. Pivot: 2008.00 Our preference: Long positions above 2008.00 with targets at 2022.00 & 2032.00 in extension. Alternative scenario: Below 2008.00 look for further downside with 2001.00 & 1995.00 as targets. Comment: The RSI lacks downward momentum. Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 70.30. Pivot: 70.30 Our preference: Long positions above 70.30 with targets at 71.70 & 72.70 in extension. Alternative scenario: Below 70.30 look for further downside with 69.80 & 69.40 as targets. Comment: The next resistances are at 71.70 and then at 72.70. EUR/USD Intraday: rebound. Pivot: 1.0855 Our preference: Long positions above 1.0855 with targets at 1.0890 & 1.0910 in extension. Alternative scenario: Below 1.0855 look for further downside with 1.0840 & 1.0820 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: continuation of the rebound. Pivot: 1.2490 Our preference: Long positions above 1.2490 with targets at 1.2560 & 1.2580 in extension. Alternative scenario: Below 1.2490 look for further downside with 1.2465 & 1.2440 as targets. Comment: The break above 1.2490 is a positive signal that has opened a path to 1.2560. USD/JPY Intraday: bullish bias above 135.70. Pivot: 135.70 Our preference: Long positions above 135.70 with targets at 136.35 & 136.60 in extension. Alternative scenario: Below 135.70 look for further downside with 135.40 & 135.10 as targets. Comment: A support base at 135.70 has formed and has allowed for a temporary stabilisation.

2023-05-15 02:41

AUD/USD Intraday: 0.6620 in sight. Pivot: 0.6680 Our preference: Short positions below 0.6680 with targets at 0.6620 & 0.6595 in extension. Alternative scenario: Above 0.6680 look for further upside with 0.6705 & 0.6735 as targets. Comment: A break below 0.6620 would trigger a drop towards 0.6595. Gold Intraday: under pressure. Pivot: 2022.00 Our preference: Short positions below 2022.00 with targets at 2001.00 & 1994.00 in extension. Alternative scenario: Above 2022.00 look for further upside with 2027.00 & 2032.00 as targets. Comment: Technically the RSI is below its neutrality area at 50. Crude Oil (WTI)‎ (M3)‎ Intraday: under pressure. Pivot: 70.85 Our preference: Short positions below 70.85 with targets at 69.70 & 69.00 in extension. Alternative scenario: Above 70.85 look for further upside with 71.70 & 72.45 as targets. Comment: The RSI calls for a new downleg. EUR/USD Intraday: the downside prevails. Pivot: 1.0900 Our preference: Short positions below 1.0900 with targets at 1.0820 & 1.0790 in extension. Alternative scenario: Above 1.0900 look for further upside with 1.0935 & 1.0970 as targets. Comment: The RSI has broken down its 30 level. GBP/USD Intraday: watch 1.2410. Pivot: 1.2500 Our preference: Short positions below 1.2500 with targets at 1.2410 & 1.2375 in extension. Alternative scenario: Above 1.2500 look for further upside with 1.2540 & 1.2585 as targets. Comment: The break below 1.2500 is a negative signal that has opened a path to 1.2410. USD/JPY Intraday: further advance. Pivot: 135.20 Our preference: Long positions above 135.20 with targets at 136.15 & 136.60 in extension. Alternative scenario: Below 135.20 look for further downside with 134.70 & 134.20 as targets. Comment: The RSI is bullish and calls for further advance.

2023-05-12 01:53

AUD/USD Intraday: watch 0.6680. Pivot: 0.6730 Our preference: Short positions below 0.6730 with targets at 0.6680 & 0.6660 in extension. Alternative scenario: Above 0.6730 look for further upside with 0.6755 & 0.6780 as targets. Comment: A break below 0.6680 would trigger a drop towards 0.6660. Gold Intraday: towards 1999.00. Pivot: 2025.00 Our preference: Short positions below 2025.00 with targets at 2008.00 & 1999.00 in extension. Alternative scenario: Above 2025.00 look for further upside with 2031.00 & 2041.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (M3)‎ Intraday: key resistance at 72.05. Pivot: 72.05 Our preference: Short positions below 72.05 with targets at 70.80 & 70.20 in extension. Alternative scenario: Above 72.05 look for further upside with 72.75 & 73.35 as targets. Comment: As long as the resistance at 72.05 is not surpassed, the risk of the break below 70.80 remains high. EUR/USD Intraday: the downside prevails. Pivot: 1.0940 Our preference: Short positions below 1.0940 with targets at 1.0895 & 1.0875 in extension. Alternative scenario: Above 1.0940 look for further upside with 1.0960 & 1.0980 as targets. Comment: Technically the RSI is below its neutrality area at 50. GBP/USD Intraday: the downside prevails. Pivot: 1.2560 Our preference: Short positions below 1.2560 with targets at 1.2480 & 1.2445 in extension. Alternative scenario: Above 1.2560 look for further upside with 1.2590 & 1.2615 as targets. Comment: The break below 1.2560 is a negative signal that has opened a path to 1.2480. USD/JPY Intraday: the upside prevails. Pivot: 134.15 Our preference: Long positions above 134.15 with targets at 134.80 & 135.10 in extension. Alternative scenario: Below 134.15 look for further downside with 133.75 & 133.35 as targets. Comment: The RSI lacks downward momentum.

2023-05-11 02:22

AUD/USD Intraday: bullish bias above 0.6750. Pivot: 0.6750 Our preference: Long positions above 0.6750 with targets at 0.6795 & 0.6815 in extension. Alternative scenario: Below 0.6750 look for further downside with 0.6730 & 0.6715 as targets. Comment: A support base at 0.6750 has formed and has allowed for a temporary stabilisation. Gold Intraday: choppy. Pivot: 2038.00 Our preference: Short positions below 2038.00 with targets at 2022.00 & 2017.00 in extension. Alternative scenario: Above 2038.00 look for further upside with 2043.00 & 2048.00 as targets. Comment: As long as 2038.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: key resistance at 73.20. Pivot: 73.20 Our preference: Short positions below 73.20 with targets at 72.00 & 71.35 in extension. Alternative scenario: Above 73.20 look for further upside with 73.85 & 74.60 as targets. Comment: Intraday technical indicators are mixed and call for caution. EUR/USD Intraday: the upside prevails. Pivot: 1.0960 Our preference: Long positions above 1.0960 with targets at 1.1005 & 1.1025 in extension. Alternative scenario: Below 1.0960 look for further downside with 1.0940 & 1.0920 as targets. Comment: The RSI advocates for further upside. GBP/USD Intraday: bullish bias above 1.2600. Pivot: 1.2600 Our preference: Long positions above 1.2600 with targets at 1.2640 & 1.2655 in extension. Alternative scenario: Below 1.2600 look for further downside with 1.2585 & 1.2570 as targets. Comment: A support base at 1.2600 has formed and has allowed for a temporary stabilisation.

2023-05-10 06:28

AUD/USD Intraday: key resistance at 0.6780. Pivot: 0.6780 Our preference: Short positions below 0.6780 with targets at 0.6745 & 0.6730 in extension. Alternative scenario: Above 0.6780 look for further upside with 0.6800 & 0.6820 as targets. Comment: As long as the resistance at 0.6780 is not surpassed, the risk of the break below 0.6745 remains high. Gold Intraday: target 2051.00. Pivot: 2027.00 Our preference: Long positions above 2027.00 with targets at 2045.00 & 2051.00 in extension. Alternative scenario: Below 2027.00 look for further downside with 2020.00 & 2014.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 72.60. Pivot: 72.60 Our preference: Long positions above 72.60 with targets at 74.60 & 75.30 in extension. Alternative scenario: Below 72.60 look for further downside with 71.60 & 70.90 as targets. Comment: The next resistances are at 74.60 and then at 75.30. EUR/USD Intraday: key resistance at 1.0985. Pivot 1.0985 Our preference: Short positions below 1.0985 with targets at 1.0940 & 1.0925 in extension. Alternative scenario: Above 1.0985 look for further upside with 1.1005 & 1.1025 as targets. Comment: As long as the resistance at 1.0985 is not surpassed, the risk of the break below 1.0940 remains high. GBP/USD Intraday: the upside prevails. Pivot: 1.2605 Our preference: Long positions above 1.2605 with targets at 1.2640 & 1.2655 in extension. Alternative scenario: Below 1.2605 look for further downside with 1.2590 & 1.2575 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: the upside prevails. Pivot: 134.90 Our preference: Long positions above 134.90 with targets at 135.35 & 135.60 in extension. Alternative scenario: Below 134.90 look for further downside with 134.70 & 134.50 as targets. Comment: The next resistances are at 135.35 and then at 135.60.