2023-03-28 02:32

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6635 Our preference: Long positions above 0.6635 with targets at 0.6675 & 0.6690 in extension. Alternative scenario: Below 0.6635 look for further downside with 0.6620 & 0.6600 as targets. Comment: The RSI calls for a bounce. Gold Intraday: key resistance at 1967.00. Pivot: 1967.00 Our preference: Short positions below 1967.00 with targets at 1950.00 & 1943.00 in extension. Alternative scenario: Above 1967.00 look for further upside with 1973.00 & 1979.00 as targets. Comment: As long as 1967.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (K3)‎ Intraday: further upside. Pivot: 71.50 Our preference: Long positions above 71.50 with targets at 73.75 & 74.85 in extension. Alternative scenario: Below 71.50 look for further downside with 70.70 & 69.90 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: further advance. Pivot: 1.0775 Our preference: Long positions above 1.0775 with targets at 1.0820 & 1.0845 in extension. Alternative scenario: Below 1.0775 look for further downside with 1.0760 & 1.0745 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: further upside. Pivot: 1.2260 Our preference: Long positions above 1.2260 with targets at 1.2310 & 1.2340 in extension. Alternative scenario: Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: expect 130.40. Pivot: 131.50 Our preference: Short positions below 131.50 with targets at 130.70 & 130.40 in extension. Alternative scenario: Above 131.50 look for further upside with 131.75 & 132.00 as targets. Comment: The RSI is bearish and calls for further downside.

2023-03-27 02:21

AUD/USD Intraday: rebound expected. Pivot: 0.6625 Our preference: Long positions above 0.6625 with targets at 0.6675 & 0.6695 in extension. Alternative scenario: Below 0.6625 look for further downside with 0.6610 & 0.6590 as targets. Comment: The RSI shows upside momentum. Gold Intraday: key resistance at 1986.00. Pivot: 1986.00 Our preference: Short positions below 1986.00 with targets at 1964.00 & 1954.00 in extension. Alternative scenario: Above 1986.00 look for further upside with 1994.00 & 2003.00 as targets. Comment: As long as 1986.00 is resistance, expect a return to 1964.00. Crude Oil (WTI)‎ (K3)‎ Intraday: towards 71.65. Pivot: 68.60 Our preference: Long positions above 68.60 with targets at 70.70 & 71.65 in extension. Alternative scenario: Below 68.60 look for further downside with 68.00 & 67.25 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: bullish bias above 1.0740. Pivot: 1.0740 Our preference: Long positions above 1.0740 with targets at 1.0800 & 1.0820 in extension. Alternative scenario: Below 1.0740 look for further downside with 1.0720 & 1.0700 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: rebound. Pivot: 1.2210 Our preference: Long positions above 1.2210 with targets at 1.2270 & 1.2290 in extension. Alternative scenario: Below 1.2210 look for further downside with 1.2190 & 1.2170 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: continuation of the rebound. Pivot: 130.20 Our preference: Long positions above 130.20 with targets at 131.20 & 131.60 in extension. Alternative scenario: Below 130.20 look for further downside with 129.90 & 129.60 as targets. Comment: The RSI is bullish and calls for further advance.

2023-03-24 03:27

AUD/USD Intraday: towards 0.6630. Pivot: 0.6710 Our preference: Short positions below 0.6710 with targets at 0.6650 & 0.6630 in extension. Alternative scenario: Above 0.6710 look for further upside with 0.6730 & 0.6755 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: bullish bias above 1978.00. Pivot: 1978.00 Our preference: Long positions above 1978.00 with targets at 2003.00 & 2009.00 in extension. Alternative scenario: Below 1978.00 look for further downside with 1971.00 & 1964.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure. Pivot: 70.70 Our preference: Short positions below 70.70 with targets at 68.80 & 68.00 in extension. Alternative scenario: Above 70.70 look for further upside with 71.50 & 72.20 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: watch 1.0775. Pivot: 1.0870 Our preference: Short positions below 1.0870 with targets at 1.0800 & 1.0775 in extension. Alternative scenario: Above 1.0870 look for further upside with 1.0900 & 1.0930 as targets. Comment: The RSI is bearish and calls for further downside. GBP/USD Intraday: expect 1.2225. Pivot: 1.2310 Our preference: Short positions below 1.2310 with targets at 1.2250 & 1.2225 in extension. Alternative scenario: Above 1.2310 look for further upside with 1.2330 & 1.2345 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: key resistance at 131.30. Pivot: 131.30 Our preference: Short positions below 131.30 with targets at 130.30 & 130.00 in extension. Alternative scenario: Above 131.30 look for further upside with 131.65 & 132.00 as targets. Comment: As long as 131.30 is resistance, look for choppy price action with a bearish bias.

2023-03-23 02:48

AUD/USD Intraday: bullish bias above 0.6670. Pivot: 0.6670 Our preference: Long positions above 0.6670 with targets at 0.6710 & 0.6730 in extension. Alternative scenario: Below 0.6670 look for further downside with 0.6650 & 0.6630 as targets. Comment: The RSI is mixed with a bullish bias. Gold Intraday: continuation of the rebound. Pivot: 1952.00 Our preference: Long positions above 1952.00 with targets at 1979.00 & 1992.00 in extension. Alternative scenario: Below 1952.00 look for further downside with 1945.00 & 1935.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 69.00. Pivot: 69.00 Our preference: Long positions above 69.00 with targets at 71.30 & 72.20 in extension. Alternative scenario: Below 69.00 look for further downside with 68.00 & 67.00 as targets. Comment: The next resistances are at 71.30 and then at 72.20. EUR/USD Intraday: further advance. Pivot: 1.0820 Our preference: Long positions above 1.0820 with targets at 1.0890 & 1.0920 in extension. Alternative scenario: Below 1.0820 look for further downside with 1.0800 & 1.0775 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2225 Our preference: Long positions above 1.2225 with targets at 1.2300 & 1.2330 in extension. Alternative scenario: Below 1.2225 look for further downside with 1.2200 & 1.2180 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: under pressure. Pivot: 132.20 Our preference: Short positions below 132.20 with targets at 130.50 & 130.00 in extension. Alternative scenario: Above 132.20 look for further upside with 132.60 & 133.00 as targets. Comment: The RSI calls for a new downleg.

2023-03-22 03:20

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: As long as 0.6690 is resistance, look for choppy price action with a bearish bias. Gold Intraday: look for 1914.00. Pivot: 1963.00 Our preference: Short positions below 1963.00 with targets at 1926.00 & 1914.00 in extension. Alternative scenario: Above 1963.00 look for further upside with 1974.00 & 1985.00 as targets. Comment: The RSI is mixed with a bearish bias. Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 68.00. Pivot: 68.00 Our preference: Long positions above 68.00 with targets at 70.70 & 72.20 in extension. Alternative scenario: Below 68.00 look for further downside with 66.80 & 65.80 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: the upside prevails. Pivot: 1.0740 Our preference: Long positions above 1.0740 with targets at 1.0790 & 1.0810 in extension. Alternative scenario: Below 1.0740 look for further downside with 1.0720 & 1.0700 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: watch 1.2260. Pivot: 1.2185 Our preference: Long positions above 1.2185 with targets at 1.2240 & 1.2260 in extension. Alternative scenario: Below 1.2185 look for further downside with 1.2160 & 1.2135 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: further upside. Pivot: 132.00 Our preference: Long positions above 132.00 with targets at 132.90 & 133.30 in extension. Alternative scenario: Below 132.00 look for further downside with 131.75 & 131.40 as targets. Comment: The RSI is bullish and calls for further advance.

2023-03-21 01:58

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6690 Our preference: Long positions above 0.6690 with targets at 0.6730 & 0.6750 in extension. Alternative scenario: Below 0.6690 look for further downside with 0.6670 & 0.6650 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: consolidation. Pivot: 1989.00 Our preference: Short positions below 1989.00 with targets at 1965.00 & 1955.00 in extension. Alternative scenario: Above 1989.00 look for further upside with 2000.00 & 2009.00 as targets. Comment: The RSI is mixed with a bearish bias. Crude Oil (WTI)‎ (K3)‎ Intraday: expect 69.80. Pivot: 65.90 Our preference: Long positions above 65.90 with targets at 68.70 & 69.80 in extension. Alternative scenario: Below 65.90 look for further downside with 65.00 & 64.40 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: bullish bias above 1.0680. Pivot: 1.0680 Our preference: Long positions above 1.0680 with targets at 1.0760 & 1.0780 in extension. Alternative scenario: Below 1.0680 look for further downside with 1.0650 & 1.0630 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: further advance. Pivot: 1.2230 Our preference: Long positions above 1.2230 with targets at 1.2300 & 1.2330 in extension. Alternative scenario: Below 1.2230 look for further downside with 1.2200 & 1.2170 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: capped by a negative trend line. Pivot: 131.85 Our preference: Short positions below 131.85 with targets at 130.90 & 130.55 in extension. Alternative scenario: Above 131.85 look for further upside with 132.25 & 132.60 as targets. Comment: The RSI advocates for further downside.