2023-04-26 03:45

AUD/USD Intraday: expect 0.6590. Pivot: 0.6665 Our preference: Short positions below 0.6665 with targets at 0.6610 & 0.6590 in extension. Alternative scenario: Above 0.6665 look for further upside with 0.6685 & 0.6705 as targets. Comment: The RSI advocates for further decline. Gold Intraday: watch 2012.00. Pivot: 1989.00 Our preference: Long positions above 1989.00 with targets at 2007.00 & 2012.00 in extension. Alternative scenario: Below 1989.00 look for further downside with 1983.00 & 1976.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (M3)‎ Intraday: key resistance at 77.80. Pivot: 77.80 Our preference: Short positions below 77.80 with targets at 76.70 & 76.25 in extension. Alternative scenario: Above 77.80 look for further upside with 78.40 & 79.05 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. EUR/USD Intraday: under pressure. Pivot: 1.1010 Our preference: Short positions below 1.1010 with targets at 1.0950 & 1.0930 in extension. Alternative scenario: Above 1.1010 look for further upside with 1.1030 & 1.1050 as targets. Comment: The RSI is bearish and calls for further downside. GBP/USD Intraday: the downside prevails. Pivot: 1.2440 Our preference: Short positions below 1.2440 with targets at 1.2385 & 1.2365 in extension. Alternative scenario: Above 1.2440 look for further upside with 1.2460 & 1.2480 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: towards 133.00. Pivot: 134.20 Our preference: Short positions below 134.20 with targets at 133.35 & 133.00 in extension. Alternative scenario: Above 134.20 look for further upside with 134.45 & 134.70 as targets. Comment: A break below 133.35 would trigger a drop towards 133.00.

2023-04-25 04:13

AUD/USD Intraday: watch 0.6730. Pivot: 0.6680 Our preference: Long positions above 0.6680 with targets at 0.6715 & 0.6730 in extension. Alternative scenario: Below 0.6680 look for further downside with 0.6665 & 0.6650 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: continuation of the rebound. Pivot: 1983.00 Our preference: Long positions above 1983.00 with targets at 1998.00 & 2004.00 in extension. Alternative scenario: Below 1983.00 look for further downside with 1977.00 & 1972.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (M3)‎ Intraday: bullish bias above 77.90. Pivot: 77.90 Our preference: Long positions above 77.90 with targets at 79.30 & 79.90 in extension. Alternative scenario: Below 77.90 look for further downside with 77.20 & 76.70 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: the upside prevails. Pivot: 1.1020 Our preference: Long positions above 1.1020 with targets at 1.1075 & 1.1100 in extension. Alternative scenario: Below 1.1020 look for further downside with 1.1000 & 1.0980 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: further upside. Pivot: 1.2460 Our preference: Long positions above 1.2460 with targets at 1.2520 & 1.2540 in extension. Alternative scenario: Below 1.2460 look for further downside with 1.2440 & 1.2420 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: expect 133.55. Pivot: 134.45 Our preference: Short positions below 134.45 with targets at 133.80 & 133.55 in extension. Alternative scenario: Above 134.45 look for further upside with 134.60 & 134.75 as targets. Comment: The RSI advocates for further decline.

2023-04-21 01:26

AUD/USD Intraday: watch 0.6770. Pivot: 0.6720 Our preference: Long positions above 0.6720 with targets at 0.6755 & 0.6770 in extension. Alternative scenario: Below 0.6720 look for further downside with 0.6705 & 0.6690 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. Gold Intraday: bullish bias above 1994.00. Pivot: 1994.00 Our preference: Long positions above 1994.00 with targets at 2012.00 & 2020.00 in extension. Alternative scenario: Below 1994.00 look for further downside with 1988.00 & 1981.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: the downside prevails. Pivot: 78.10 Our preference: Short positions below 78.10 with targets at 76.30 & 75.55 in extension. Alternative scenario: Above 78.10 look for further upside with 78.60 & 79.30 as targets. Comment: The RSI is bearish and calls for further downside. EUR/USD Intraday: bullish bias above 1.0940. Pivot: 1.0940 Our preference: Long positions above 1.0940 with targets at 1.0985 & 1.1000 in extension. Alternative scenario: Below 1.0940 look for further downside with 1.0925 & 1.0910 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2410 Our preference: Long positions above 1.2410 with targets at 1.2465 & 1.2480 in extension. Alternative scenario: Below 1.2410 look for further downside with 1.2395 & 1.2380 as targets. Comment: The RSI is mixed with a bullish bias. USD/JPY Intraday: the downside prevails. Pivot: 134.40 Our preference: Short positions below 134.40 with targets at 134.00 & 133.85 in extension. Alternative scenario: Above 134.40 look for further upside with 134.60 & 134.80 as targets. Comment: The RSI advocates for further downside.

2023-04-20 02:06

AUD/USD Intraday: expect 0.6670. Pivot: 0.6730 Our preference: Short positions below 0.6730 with targets at 0.6685 & 0.6670 in extension. Alternative scenario: Above 0.6730 look for further upside with 0.6745 & 0.6760 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: bullish bias above 1981.00. Pivot: 1981.00 Our preference: Long positions above 1981.00 with targets at 2004.00 & 2014.00 in extension. Alternative scenario: Below 1981.00 look for further downside with 1969.00 & 1960.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (M3)‎ Intraday: under pressure. Pivot: 79.90 Our preference: Short positions below 79.90 with targets at 78.00 & 77.30 in extension. Alternative scenario: Above 79.90 look for further upside with 80.50 & 81.20 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: key resistance at 1.0970. Pivot: 1.0970 Our preference: Short positions below 1.0970 with targets at 1.0930 & 1.0915 in extension. Alternative scenario: Above 1.0970 look for further upside with 1.0985 & 1.1000 as targets. Comment: As long as 1.0970 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: watch 1.2390. Pivot: 1.2455 Our preference: Short positions below 1.2455 with targets at 1.2405 & 1.2390 in extension. Alternative scenario: Above 1.2455 look for further upside with 1.2470 & 1.2485 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: bullish bias above 134.30. Pivot: 134.30 Our preference: Long positions above 134.30 with targets at 135.10 & 135.30 in extension. Alternative scenario: Below 134.30 look for further downside with 134.10 & 133.85 as targets. Comment: The RSI calls for a bounce.

2023-04-19 02:23

AUD/USD Intraday: continuation of the rebound. Pivot: 0.6710 Our preference: Long positions above 0.6710 with targets at 0.6745 & 0.6760 in extension. Alternative scenario: Below 0.6710 look for further downside with 0.6695 & 0.6680 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: bullish bias above 1995.00. Pivot: 1995.00 Our preference: Long positions above 1995.00 with targets at 2014.00 & 2021.00 in extension. Alternative scenario: Below 1995.00 look for further downside with 1988.00 & 1981.00 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (M3)‎ Intraday: key resistance at 81.40. Pivot: 81.40 Our preference: Short positions below 81.40 with targets at 80.20 & 79.80 in extension. Alternative scenario: Above 81.40 look for further upside with 81.80 & 82.15 as targets. Comment: As long as 81.40 is resistance, expect a return to 80.20. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0945 Our preference: Long positions above 1.0945 with targets at 1.0990 & 1.1010 in extension. Alternative scenario: Below 1.0945 look for further downside with 1.0930 & 1.0910 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: bullish bias above 1.2400. Pivot: 1.2400 Our preference: Long positions above 1.2400 with targets at 1.2445 & 1.2460 in extension. Alternative scenario: Below 1.2400 look for further downside with 1.2385 & 1.2365 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: consolidation. Pivot: 134.30 Our preference: Short positions below 134.30 with targets at 133.85 & 133.60 in extension. Alternative scenario: Above 134.30 look for further upside with 134.50 & 134.70 as targets. Comment: As long as 134.30 is resistance, look for choppy price action with a bearish bias.

2023-04-18 01:57

AUD/USD Intraday: the downside prevails. Pivot: 0.6720 Our preference: Short positions below 0.6720 with targets at 0.6680 & 0.6665 in extension. Alternative scenario: Above 0.6720 look for further upside with 0.6735 & 0.6750 as targets. Comment: As long as 0.6720 is resistance, look for choppy price action with a bearish bias. Gold Intraday: key resistance at 2002.00. Pivot: 2002.00 Our preference: Short positions below 2002.00 with targets at 1981.00 & 1975.00 in extension. Alternative scenario: Above 2002.00 look for further upside with 2009.00 & 2015.00 as targets. Comment: As long as the resistance at 2002.00 is not surpassed, the risk of the break below 1981.00 remains high. Crude Oil (WTI)‎ (K3)‎ Intraday: key resistance at 81.30. Pivot: 81.30 Our preference: Short positions below 81.30 with targets at 80.45 & 79.80 in extension. Alternative scenario: Above 81.30 look for further upside with 81.90 & 82.60 as targets. Comment: As long as the resistance at 81.30 is not surpassed, the risk of the break below 80.45 remains high. EUR/USD Intraday: under pressure. Pivot: 1.0960 Our preference: Short positions below 1.0960 with targets at 1.0905 & 1.0880 in extension. Alternative scenario: Above 1.0960 look for further upside with 1.0980 & 1.1000 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: key resistance at 1.2400. Pivot: 1.2400 Our preference: Short positions below 1.2400 with targets at 1.2350 & 1.2330 in extension. Alternative scenario: Above 1.2400 look for further upside with 1.2420 & 1.2440 as targets. Comment: As long as the resistance at 1.2400 is not surpassed, the risk of the break below 1.2350 remains high. USD/JPY Intraday: 135.00 in sight. Pivot: 134.00 Our preference: Long positions above 134.00 with targets at 134.70 & 135.00 in extension. Alternative scenario: Below 134.00 look for further downside with 133.75 & 133.50 as targets. Comment: The RSI is bullish and calls for further upside.