2023-04-17 02:13

AUD/USD Intraday: towards 0.6650. Pivot: 0.6740 Our preference: Short positions below 0.6740 with targets at 0.6680 & 0.6650 in extension. Alternative scenario: Above 0.6740 look for further upside with 0.6760 & 0.6780 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: key resistance at 2015.00. Pivot: 2015.00 Our preference: Short positions below 2015.00 with targets at 1992.00 & 1981.00 in extension. Alternative scenario: Above 2015.00 look for further upside with 2024.00 & 2032.00 as targets. Comment: As long as the resistance at 2015.00 is not surpassed, the risk of the break below 1992.00 remains high. Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 81.80. Pivot: 81.80 Our preference: Long positions above 81.80 with targets at 83.50 & 84.00 in extension. Alternative scenario: Below 81.80 look for further downside with 81.30 & 80.70 as targets. Comment: The RSI is around its neutrality area at 50% EUR/USD Intraday: the downside prevails. Pivot: 1.1020 Our preference: Short positions below 1.1020 with targets at 1.0960 & 1.0940 in extension. Alternative scenario: Above 1.1020 look for further upside with 1.1040 & 1.1060 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: under pressure. Pivot: 1.2450 Our preference: Short positions below 1.2450 with targets at 1.2380 & 1.2350 in extension. Alternative scenario: Above 1.2450 look for further upside with 1.2470 & 1.2490 as targets. Comment: The RSI has broken down its 30 level. USD/JPY Intraday: further advance. Pivot: 133.40 Our preference: Long positions above 133.40 with targets at 134.20 & 134.60 in extension. Alternative scenario: Below 133.40 look for further downside with 133.10 & 132.80 as targets. Comment: The RSI is bullish and calls for further upside.

2023-04-14 05:06

AUD/USD Intraday: further upside. Pivot: 0.6750 Our preference: Long positions above 0.6750 with targets at 0.6800 & 0.6820 in extension. Alternative scenario: Below 0.6750 look for further downside with 0.6730 & 0.6710 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: the bias remains bullish. Pivot: 2028.00 Our preference: Long positions above 2028.00 with targets at 2048.00 & 2055.00 in extension. Alternative scenario: Below 2028.00 look for further downside with 2020.00 & 2012.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure. Pivot: 82.90 Our preference: Short positions below 82.90 with targets at 81.80 & 81.30 in extension. Alternative scenario: Above 82.90 look for further upside with 83.50 & 84.00 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: the upside prevails. Pivot: 1.1020 Our preference: Long positions above 1.1020 with targets at 1.1065 & 1.1080 in extension. Alternative scenario: Below 1.1020 look for further downside with 1.1005 & 1.0990 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: bullish bias above 1.2500. Pivot: 1.2500 Our preference: Long positions above 1.2500 with targets at 1.2540 & 1.2560 in extension. Alternative scenario: Below 1.2500 look for further downside with 1.2480 & 1.2460 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: the downside prevails. Pivot: 132.90 Our preference: Short positions below 132.90 with targets at 132.30 & 132.00 in extension. Alternative scenario: Above 132.90 look for further upside with 133.15 & 133.40 as targets. Comment: The RSI has just struck against its neutrality area at 50% and is reversing down.

2023-04-13 02:28

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6675 Our preference: Long positions above 0.6675 with targets at 0.6715 & 0.6730 in extension. Alternative scenario: Below 0.6675 look for further downside with 0.6660 & 0.6645 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: expect 2032.00. Pivot: 2005.00 Our preference: Long positions above 2005.00 with targets at 2024.00 & 2032.00 in extension. Alternative scenario: Below 2005.00 look for further downside with 1999.00 & 1993.00 as targets. Comment: The RSI advocates for further upside. Crude Oil (WTI)‎ (K3)‎ Intraday: the bias remains bullish. Pivot: 82.10 Our preference: Long positions above 82.10 with targets at 83.80 & 84.50 in extension. Alternative scenario: Below 82.10 look for further downside with 81.30 & 80.60 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: further advance. Pivot: 1.0960 Our preference: Long positions above 1.0960 with targets at 1.1015 & 1.1035 in extension. Alternative scenario: Below 1.0960 look for further downside with 1.0940 & 1.0920 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: further upside. Pivot: 1.2450 Our preference: Long positions above 1.2450 with targets at 1.2515 & 1.2540 in extension. Alternative scenario: Below 1.2450 look for further downside with 1.2420 & 1.2400 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: towards 132.40. Pivot: 133.40 Our preference: Short positions below 133.40 with targets at 132.70 & 132.40 in extension. Alternative scenario: Above 133.40 look for further upside with 133.70 & 134.00 as targets. Comment: The RSI is bearish and calls for further decline.

2023-04-11 01:55

AUD/USD Intraday: the downside prevails. Pivot: 0.6660 Our preference: Short positions below 0.6660 with targets at 0.6630 & 0.6615 in extension. Alternative scenario: Above 0.6660 look for further upside with 0.6680 & 0.6700 as targets. Comment: A break below 0.6630 would trigger a drop towards 0.6615. Gold Intraday: key resistance at 2003.00. Pivot: 2003.00 Our preference: Short positions below 2003.00 with targets at 1981.00 & 1971.00 in extension. Alternative scenario: Above 2003.00 look for further upside with 2014.00 & 2021.00 as targets. Comment: As long as 2003.00 is resistance, expect a return to 1981.00. Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure. Pivot: 80.65 Our preference: Short positions below 80.65 with targets at 79.00 & 78.30 in extension. Alternative scenario: Above 80.65 look for further upside with 81.20 & 81.80 as targets. Comment: The RSI is bearish and calls for further downside. EUR/USD Intraday: key resistance at 1.0885. Pivot: 1.0885 Our preference: Short positions below 1.0885 with targets at 1.0845 & 1.0830 in extension. Alternative scenario: Above 1.0885 look for further upside with 1.0900 & 1.0915 as targets. Comment: As long as 1.0885 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: key resistance at 1.2405. Pivot: 1.2405 Our preference: Short positions below 1.2405 with targets at 1.2360 & 1.2345 in extension. Alternative scenario: Above 1.2405 look for further upside with 1.2420 & 1.2440 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.2405. USD/JPY Intraday: the upside prevails. Pivot: 133.00 Our preference: Long positions above 133.00 with targets at 133.85 & 134.20 in extension. Alternative scenario: Below 133.00 look for further downside with 132.70 & 132.30 as targets. Comment: The RSI advocates for further advance.

2023-04-10 03:17

AUD/USD Intraday: key resistance at 0.6690. Pivot: 0.6690 Our preference: Short positions below 0.6690 with targets at 0.6650 & 0.6630 in extension. Alternative scenario: Above 0.6690 look for further upside with 0.6710 & 0.6730 as targets. Comment: The RSI is mixed with a bearish bias. Gold Intraday: key resistance at 2015.00. Pivot: 2015.00 Our preference: Short positions below 2015.00 with targets at 1997.00 & 1990.00 in extension. Alternative scenario: Above 2015.00 look for further upside with 2023.00 & 2031.00 as targets. Comment: The RSI is mixed with a bearish bias. Crude Oil (WTI)‎ (K3)‎ Intraday: look for 82.40. Pivot: 80.10 Our preference: Long positions above 80.10 with targets at 81.80 & 82.40 in extension. Alternative scenario: Below 80.10 look for further downside with 79.60 & 79.10 as targets. Comment: The next resistances are at 81.80 and then at 82.40. EUR/USD Intraday: key resistance at 1.0925. Pivot: 1.0925 Our preference: Short positions below 1.0925 with targets at 1.0890 & 1.0875 in extension. Alternative scenario: Above 1.0925 look for further upside with 1.0940 & 1.0955 as targets. Comment: As long as 1.0925 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: capped by a negative trend line. 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 1.2465 & 1.2485 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.2445. USD/JPY Intraday: further upside. Pivot: 131.85 Our preference: Long positions above 131.85 with targets at 132.60 & 133.10 in extension. Alternative scenario: Below 131.85 look for further downside with 131.50 & 131.20 as targets. Comment: The RSI shows upside momentum.

2023-04-06 01:57

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6695 Our preference: Long positions above 0.6695 with targets at 0.6740 & 0.6760 in extension. Alternative scenario: Below 0.6695 look for further downside with 0.6675 & 0.6655 as targets. Comment: The RSI calls for a rebound. Gold Intraday: bullish bias above 2010.00. Pivot: 2010.00 Our preference: Long positions above 2010.00 with targets at 2031.00 & 2038.00 in extension. Alternative scenario: Below 2010.00 look for further downside with 2000.00 & 1990.00 as targets. Comment: A support base at 2010.00 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 79.60. Pivot: 79.60 Our preference: Long positions above 79.60 with targets at 81.15 & 81.80 in extension. Alternative scenario: Below 79.60 look for further downside with 79.00 & 78.00 as targets. Comment: The next resistances are at 81.15 and then at 81.80. EUR/USD Intraday: watch 1.0870. Pivot: 1.0935 Our preference: Short positions below 1.0935 with targets at 1.0890 & 1.0870 in extension. Alternative scenario: Above 1.0935 look for further upside with 1.0950 & 1.0970 as targets. Comment: The RSI advocates for further downside. GBP/USD Intraday: key resistance at 1.2490. Pivot: 1.2490 Our preference: Short positions below 1.2490 with targets at 1.2445 & 1.2430 in extension. Alternative scenario: Above 1.2490 look for further upside with 1.2510 & 1.2525 as targets. Comment: As long as 1.2490 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: under pressure. Pivot: 131.40 Our preference: Short positions below 131.40 with targets at 130.60 & 130.30 in extension. Alternative scenario: Above 131.40 look for further upside with 131.60 & 131.85 as targets. Comment: The RSI is bearish and calls for further decline.