2023-05-09 03:00

AUD/USD Intraday: consolidation. Pivot: 0.6800 Our preference: Short positions below 0.6800 with targets at 0.6760 & 0.6740 in extension. Alternative scenario: Above 0.6800 look for further upside with 0.6820 & 0.6840 as targets. Comment: As long as 0.6800 is resistance, look for choppy price action with a bearish bias. Gold Intraday: key resistance at 2030.00. Pivot: 2030.00 Our preference: Short positions below 2030.00 with targets at 2014.00 & 2008.00 in extension. Alternative scenario: Above 2030.00 look for further upside with 2038.00 & 2045.00 as targets. Comment: As long as 2030.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: 74.60 in sight. Pivot: 71.90 Our preference: Long positions above 71.90 with targets at 73.90 & 74.60 in extension. Alternative scenario: Below 71.90 look for further downside with 70.90 & 70.00 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: 1.1020 Our preference: Short positions below 1.1020 with targets at 1.0980 & 1.0965 in extension. Alternative scenario: Above 1.1020 look for further upside with 1.1035 & 1.1050 as targets. Comment: The RSI is bearish and calls for further decline. GBP/USD Intraday: towards 1.2580. Pivot: 1.2640 Our preference: Short positions below 1.2640 with targets at 1.2600 & 1.2580 in extension. Alternative scenario: Above 1.2640 look for further upside with 1.2655 & 1.2670 as targets. Comment: The RSI is bearish and calls for further decline. USD/JPY Intraday: bullish bias above 134.65. Pivot: 134.65 Our preference: Long positions above 134.65 with targets at 135.30 & 135.60 in extension. Alternative scenario: Below 134.65 look for further downside with 134.40 & 134.15 as targets. Comment: The RSI calls for a bounce.

2023-05-08 03:08

AUD/USD Intraday: further advance. Pivot: 0.6725 Our preference: Long positions above 0.6725 with targets at 0.6780 & 0.6800 in extension. Alternative scenario: Below 0.6725 look for further downside with 0.6710 & 0.6690 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: key resistance at 2030.00. Pivot: 2030.00 Our preference: Short positions below 2030.00 with targets at 2008.00 & 1999.00 in extension. Alternative scenario: Above 2030.00 look for further upside with 2044.00 & 2059.00 as targets. Comment: As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2008.00 remains high. Crude Oil (WTI)‎ (M3)‎ Intraday: further advance. Pivot: 70.00 Our preference: Long positions above 70.00 with targets at 72.40 & 73.90 in extension. Alternative scenario: Below 70.00 look for further downside with 69.20 & 68.30 as targets. Comment: The next resistances are at 72.40 and then at 73.90. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0995 Our preference: Long positions above 1.0995 with targets at 1.1035 & 1.1050 in extension. Alternative scenario: Below 1.0995 look for further downside with 1.0980 & 1.0965 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the upside prevails. Pivot: 1.2590 Our preference: Long positions above 1.2590 with targets at 1.2650 & 1.2680 in extension. Alternative scenario: Below 1.2590 look for further downside with 1.2560 & 1.2530 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: continuation of the rebound. Pivot: 134.50 Our preference: Long positions above 134.50 with targets at 135.60 & 136.00 in extension. Alternative scenario: Below 134.50 look for further downside with 134.20 & 133.85 as targets. Comment: The RSI shows upside momentum.

2023-05-05 01:58

EUR/USD Intraday: key resistance at 1.1040. Pivot: 1.1040 Our preference: Short positions below 1.1040 with targets at 1.0995 & 1.0980 in extension. Alternative scenario: Above 1.1040 look for further upside with 1.1055 & 1.1075 as targets. Comment: As long as 1.1040 is resistance, look for choppy price action with a bearish bias. Gold Intraday: bullish bias above 2031.00. Pivot: 2031.00 Our preference: Long positions above 2031.00 with targets at 2059.00 & 2072.00 in extension. Alternative scenario: Below 2031.00 look for further downside with 2018.00 & 2008.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: choppy. Pivot: 69.70 Our preference: Short positions below 69.70 with targets at 67.50 & 66.30 in extension. Alternative scenario: Above 69.70 look for further upside with 70.90 & 71.80 as targets. Comment: As long as 69.70 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: the upside prevails. Pivot: 1.2560 Our preference: Long positions above 1.2560 with targets at 1.2600 & 1.2615 in extension. Alternative scenario: Below 1.2560 look for further downside with 1.2545 & 1.2530 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: capped by a negative trend line. Pivot: 134.60 Our preference: Short positions below 134.60 with targets at 133.80 & 133.50 in extension. Alternative scenario: Above 134.60 look for further upside with 134.85 & 135.20 as targets. Comment: The upward potential is likely to be limited by the resistance at 134.60. AUD/USD Intraday: further advance. Pivot: 0.6675 Our preference: Long positions above 0.6675 with targets at 0.6715 & 0.6735 in extension. Alternative scenario: Below 0.6675 look for further downside with 0.6655 & 0.6640 as targets. Comment: The RSI calls for a new upleg.

2023-05-03 02:58

AUD/USD Intraday: consolidation. Pivot: 0.6685 Our preference: Short positions below 0.6685 with targets at 0.6650 & 0.6635 in extension. Alternative scenario: Above 0.6685 look for further upside with 0.6700 & 0.6715 as targets. Comment: The RSI is mixed with a bearish bias. Gold Intraday: the upside prevails. Pivot: 2003.00 Our preference: Long positions above 2003.00 with targets at 2023.00 & 2033.00 in extension. Alternative scenario: Below 2003.00 look for further downside with 1993.00 & 1985.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (M3)‎ Intraday: under pressure. Pivot: 72.80 Our preference: Short positions below 72.80 with targets at 71.00 & 70.00 in extension. Alternative scenario: Above 72.80 look for further upside with 73.90 & 74.55 as targets. Comment: The RSI has broken down its 30 level. EUR/USD Intraday: further advance. Pivot: 1.0980 Our preference: Long positions above 1.0980 with targets at 1.1035 & 1.1055 in extension. Alternative scenario: Below 1.0980 look for further downside with 1.0960 & 1.0940 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: towards 1.2510. Pivot: 1.2450 Our preference: Long positions above 1.2450 with targets at 1.2490 & 1.2510 in extension. Alternative scenario: Below 1.2450 look for further downside with 1.2430 & 1.2410 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: expect 135.80. Pivot: 137.00 Our preference: Short positions below 137.00 with targets at 136.10 & 135.80 in extension. Alternative scenario: Above 137.00 look for further upside with 137.40 & 137.75 as targets. Comment: The RSI advocates for further downside.

2023-05-02 02:26

AUD/USD Intraday: watch 0.6590. Pivot: 0.6650 Our preference: Short positions below 0.6650 with targets at 0.6605 & 0.6590 in extension. Alternative scenario: Above 0.6650 look for further upside with 0.6665 & 0.6680 as targets. Comment: The RSI advocates for further downside. Gold Intraday: 1967.00 expected. Pivot: 1991.00 Our preference: Short positions below 1991.00 with targets at 1973.00 & 1967.00 in extension. Alternative scenario: Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 75.00. Pivot: 75.00 Our preference: Long positions above 75.00 with targets at 76.25 & 76.90 in extension. Alternative scenario: Below 75.00 look for further downside with 74.55 & 73.95 as targets. Comment: The next resistances are at 76.25 and then at 76.90. EUR/USD Intraday: towards 1.0940. Pivot: 1.0995 Our preference: Short positions below 1.0995 with targets at 1.0960 & 1.0940 in extension. Alternative scenario: Above 1.0995 look for further upside with 1.1015 & 1.1035 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: expect 1.2440. Pivot: 1.2520 Our preference: Short positions below 1.2520 with targets at 1.2460 & 1.2440 in extension. Alternative scenario: Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: further advance. Pivot: 137.00 Our preference: Long positions above 137.00 with targets at 137.80 & 138.20 in extension. Alternative scenario: Below 137.00 look for further downside with 136.60 & 136.20 as targets. Comment: The RSI is bullish and calls for further upside.

2023-04-28 01:59

AUD/USD Intraday: watch 0.6655. Pivot: 0.6605 Our preference: Long positions above 0.6605 with targets at 0.6640 & 0.6655 in extension. Alternative scenario: Below 0.6605 look for further downside with 0.6590 & 0.6575 as targets. Comment: The RSI advocates for further upside. Gold Intraday: choppy. Pivot: 1996.00 Our preference: Short positions below 1996.00 with targets at 1980.00 & 1973.00 in extension. Alternative scenario: Above 1996.00 look for further upside with 2003.00 & 2009.00 as targets. Comment: As long as 1996.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: under pressure. Pivot: 75.60 Our preference: Short positions below 75.60 with targets at 74.05 & 73.45 in extension. Alternative scenario: Above 75.60 look for further upside with 76.50 & 77.20 as targets. Comment: The immediate trend remains down but the momentum is weak. EUR/USD Intraday: expect 1.1060. Pivot: 1.1005 Our preference: Long positions above 1.1005 with targets at 1.1045 & 1.1060 in extension. Alternative scenario: Below 1.1005 look for further downside with 1.0990 & 1.0970 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: further advance. Pivot: 1.2460 Our preference: Long positions above 1.2460 with targets at 1.2515 & 1.2540 in extension. Alternative scenario: Below 1.2460 look for further downside with 1.2440 & 1.2420 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: key resistance at 134.20. Pivot: 134.20 Our preference: Short positions below 134.20 with targets at 133.50 & 133.20 in extension. Alternative scenario: Above 134.20 look for further upside with 134.45 & 134.70 as targets. Comment: As long as 134.20 is resistance, look for choppy price action with a bearish bias.