2023-03-16 02:24

AUD/USD Intraday: key resistance at 0.6640. Pivot: 0.6640 Our preference: Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension. Alternative scenario: Above 0.6640 look for further upside with 0.6660 & 0.6680 as targets. Comment: As long as the resistance at 0.6640 is not surpassed, the risk of the break below 0.6590 remains high. Gold Intraday: bullish bias above 1905.00. Pivot: 1905.00 Our preference: Long positions above 1905.00 with targets at 1937.00 & 1945.00 in extension. Alternative scenario: Below 1905.00 look for further downside with 1896.00 & 1886.00 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (J3)‎ Intraday: key resistance at 69.20. Pivot: 69.20 Our preference: Short positions below 69.20 with targets at 66.80 & 65.70 in extension. Alternative scenario: Above 69.20 look for further upside with 70.80 & 72.50 as targets. Comment: As long as the resistance at 69.20 is not surpassed, the risk of the break below 66.80 remains high. EUR/USD Intraday: the downside prevails. Pivot: 1.0620 Our preference: Short positions below 1.0620 with targets at 1.0540 & 1.0515 in extension. Alternative scenario: Above 1.0620 look for further upside with 1.0650 & 1.0680 as targets. Comment: As long as 1.0620 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: key resistance at 1.2090. Pivot: 1.2090 Our preference: Short positions below 1.2090 with targets at 1.2030 & 1.2010 in extension. Alternative scenario: Above 1.2090 look for further upside with 1.2110 & 1.2130 as targets. Comment: As long as 1.2090 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: under pressure. Pivot: 133.60 Our preference: Short positions below 133.60 with targets at 132.20 & 131.70 in extension. Alternative scenario: Above 133.60 look for further upside with 134.10 & 134.50 as targets. Comment: The RSI calls for a new downleg.

2023-03-15 02:38

Gold Intraday: the bias remains bullish. Pivot: 1893.00 Our preference: Long positions above 1893.00 with targets at 1915.00 & 1927.00 in extension. Alternative scenario: Below 1893.00 look for further downside with 1883.00 & 1872.00 as targets. Comment: The immediate trend remains up but the momentum is weak. EUR/USD Intraday: bullish bias above 1.0700. Pivot: 1.0700 Our preference: Long positions above 1.0700 with targets at 1.0750 & 1.0770 in extension. Alternative scenario: Below 1.0700 look for further downside with 1.0680 & 1.0650 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (J3)‎ Intraday: key resistance at 72.70. Pivot: 72.70 Our preference: Short positions below 72.70 with targets at 70.80 & 70.00 in extension. Alternative scenario: Above 72.70 look for further upside with 73.50 & 74.40 as targets. Comment: As long as the resistance at 72.70 is not surpassed, the risk of the break below 70.80 remains high. GBP/USD Intraday: intraday support around 1.2110. Pivot: 1.2110 Our preference: Long positions above 1.2110 with targets at 1.2200 & 1.2230 in extension. Alternative scenario: Below 1.2110 look for further downside with 1.2080 & 1.2050 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: the bias remains bullish. Pivot: 133.80 Our preference: Long positions above 133.80 with targets at 134.90 & 135.20 in extension. Alternative scenario: Below 133.80 look for further downside with 133.50 & 133.20 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: supported by a rising trend line. Pivot: 0.6650 Our preference: Long positions above 0.6650 with targets at 0.6715 & 0.6740 in extension. Alternative scenario: Below 0.6650 look for further downside with 0.6630 & 0.6610 as targets. Comment: The RSI is bullish and calls for further upside.

2023-03-14 01:59

AUD/USD Intraday: the bias remains bullish. Pivot: 0.6630 Our preference: Long positions above 0.6630 with targets at 0.6690 & 0.6715 in extension. Alternative scenario: Below 0.6630 look for further downside with 0.6610 & 0.6580 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: aim @ 1936.00. Pivot: 1893.00 Our preference: Long positions above 1893.00 with targets at 1923.00 & 1936.00 in extension. Alternative scenario: Below 1893.00 look for further downside with 1883.00 & 1872.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (J3)‎ Intraday: expect 72.85. Pivot: 76.10 Our preference: Short positions below 76.10 with targets at 73.80 & 72.85 in extension. Alternative scenario: Above 76.10 look for further upside with 77.20 & 78.00 as targets. Comment: The RSI is below its neutrality area at 50% EUR/USD Intraday: further upside. Pivot: 1.0680 Our preference: Long positions above 1.0680 with targets at 1.0760 & 1.0790 in extension. Alternative scenario: Below 1.0680 look for further downside with 1.0650 & 1.0620 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the upside prevails. Pivot: 1.2100 Our preference: Long positions above 1.2100 with targets at 1.2230 & 1.2270 in extension. Alternative scenario: Below 1.2100 look for further downside with 1.2070 & 1.2045 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: rebound. Pivot: 132.60 Our preference: Long positions above 132.60 with targets at 133.80 & 134.20 in extension. Alternative scenario: Below 132.60 look for further downside with 132.30 & 131.90 as targets. Comment: The RSI calls for a bounce.

2023-03-14 01:56

AUD/USD Intraday: rebound. Pivot: 0.6590 Our preference: Long positions above 0.6590 with targets at 0.6680 & 0.6700 in extension. lternative scenario: Below 0.6590 look for further downside with 0.6575 & 0.6560 as targets. Comment: The RSI calls for a bounce. Gold Intraday: the upside prevails. Pivot: 1866.00 Our preference: Long positions above 1866.00 with targets at 1900.00 & 1908.00 in extension. Alternative scenario: Below 1866.00 look for further downside with 1858.00 & 1849.00 as targets. Comment: The RSI is bullish and calls for further advance. EUR/USD Intraday: further upside. Pivot: 1.0640 Our preference: Long positions above 1.0640 with targets at 1.0720 & 1.0750 in extension. Alternative scenario: Below 1.0640 look for further downside with 1.0610 & 1.0580 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: the upside prevails. Pivot: 1.2020 Our preference: Long positions above 1.2020 with targets at 1.2140 & 1.2180 in extension. Alternative scenario: Below 1.2020 look for further downside with 1.1980 & 1.1950 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: the downside prevails. Pivot: 135.55 Our preference: Short positions below 135.55 with targets at 134.10 & 133.40 in extension. Alternative scenario: Above 135.55 look for further upside with 135.90 & 136.40 as targets. Comment: The RSI advocates for further downside. Crude Oil (WTI)‎ (J3)‎ Intraday: intraday support around 76.10 Pivot: 76.10 Our preference: Long positions above 76.10 with targets at 77.70 & 78.40 in extension. Alternative scenario: Below 76.10 look for further downside with 75.40 & 74.80 as targets. Comment: Technically the RSI is above its neutrality area at 50.

2023-03-10 02:05

GBP/USD Intraday: further upside. Pivot: 1.1875 Our preference: Long positions above 1.1875 with targets at 1.1945 & 1.1975 in extension. Alternative scenario: Below 1.1875 look for further downside with 1.1845 & 1.1810 as targets. Comment: Technically the RSI is above its neutrality area at 50. EUR/USD Intraday: further advance. Pivot: 1.0560 Our preference: Long positions above 1.0560 with targets at 1.0600 & 1.0615 in extension. Alternative scenario: Below 1.0560 look for further downside with 1.0540 & 1.0525 as targets. Comment: The RSI lacks downward momentum. AUD/USD Intraday: watch 0.6570. Pivot: 0.6625 Our preference: Short positions below 0.6625 with targets at 0.6570 & 0.6545 in extension. Alternative scenario: Above 0.6625 look for further upside with 0.6650 & 0.6675 as targets. Comment: A break below 0.6570 would trigger a drop towards 0.6545. Gold Intraday: continuation of the rebound. Pivot: 1822.00 Our preference: Long positions above 1822.00 with targets at 1838.00 & 1844.00 in extension. Alternative scenario: Below 1822.00 look for further downside with 1815.00 & 1809.00 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: key resistance at 136.60. Pivot: 136.60 Our preference: Short positions below 136.60 with targets at 135.95 & 135.75 in extension. Alternative scenario: Above 136.60 look for further upside with 136.90 & 137.15 as targets. Comment: As long as the resistance at 136.60 is not surpassed, the risk of the break below 135.95 remains high. Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure. Pivot: 76.40 Our preference: Short positions below 76.40 with targets at 75.00 & 74.10 in extension. Alternative scenario: Above 76.40 look for further upside with 77.10 & 78.00 as targets. Comment: The RSI is bearish and calls for further downside.

2023-03-09 04:13

GBP/USD Intraday: rebound expected. Pivot: 1.1815 Our preference: Long positions above 1.1815 with targets at 1.1860 & 1.1890 in extension. Alternative scenario: Below 1.1815 look for further downside with 1.1790 & 1.1770 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. EUR/USD Intraday: rebound expected. Pivot: 1.0525 Our preference: Long positions above 1.0525 with targets at 1.0570 & 1.0590 in extension. Alternative scenario: Below 1.0525 look for further downside with 1.0505 & 1.0485 as targets. Comment: A support base at 1.0525 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: watch 0.6570. Pivot: 0.6625 Our preference: Short positions below 0.6625 with targets at 0.6570 & 0.6545 in extension. Alternative scenario: Above 0.6625 look for further upside with 0.6650 & 0.6675 as targets. Comment: A break below 0.6570 would trigger a drop towards 0.6545. Gold Intraday: key resistance at 1823.00. Pivot: 1823.00 Our preference: Short positions below 1823.00 with targets at 1809.00 & 1802.00 in extension. Alternative scenario: Above 1823.00 look for further upside with 1829.00 & 1834.00 as targets. Comment: As long as 1823.00 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 136.85. Pivot: 136.85 Our preference: Long positions above 136.85 with targets at 137.55 & 137.90 in extension. Alternative scenario: Below 136.85 look for further downside with 136.50 & 136.15 as targets. Comment: The RSI is around its neutrality area at 50% Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure. Pivot: 77.30 Our preference: Short positions below 77.30 with targets at 75.80 & 75.00 in extension. Alternative scenario: Above 77.30 look for further upside with 77.90 & 78.50 as targets. Comment: The RSI is bearish and calls for further decline.