2023-03-08 04:22

GBP/USD Intraday: under pressure. Pivot: 1.1880 Our preference: Short positions below 1.1880 with targets at 1.1800 & 1.1770 in extension. Alternative scenario: Above 1.1880 look for further upside with 1.1920 & 1.1950 as targets. Comment: The RSI has broken down its 30 level. EUR/USD Intraday: the downside prevails. Pivot: 1.0580 Our preference: Short positions below 1.0580 with targets at 1.0530 & 1.0510 in extension. Alternative scenario: Above 1.0580 look for further upside with 1.0600 & 1.0620 as targets. Comment: The RSI has broken down its 30 level. AUD/USD Intraday: the downside prevails. Pivot: 0.6630 Our preference: Short positions below 0.6630 with targets at 0.6550 & 0.6530 in extension. Alternative scenario: Above 0.6630 look for further upside with 0.6655 & 0.6680 as targets. Comment: The RSI advocates for further decline. Gold Intraday: under pressure. Pivot: 1829.00 Our preference: Short positions below 1829.00 with targets at 1806.00 & 1796.00 in extension. Alternative scenario: Above 1829.00 look for further upside with 1838.00 & 1845.00 as targets. Comment: The RSI has broken down its 30 level. USD/JPY Intraday: further advance. Pivot: 136.70 Our preference: Long positions above 136.70 with targets at 137.50 & 137.80 in extension. Alternative scenario: Below 136.70 look for further downside with 136.40 & 136.10 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure. Pivot: 78.30 Our preference: Short positions below 78.30 with targets at 76.45 & 75.80 in extension. Alternative scenario: Above 78.30 look for further upside with 79.50 & 80.15 as targets. Comment: The RSI has broken down its 30 level.

2023-03-03 02:40

GBP/USD Intraday: watch 1.1920. Pivot: 1.1985 Our preference: Short positions below 1.1985 with targets at 1.1920 & 1.1895 in extension. Alternative scenario: Above 1.1985 look for further upside with 1.2015 & 1.2045 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: 1.0630 Our preference: Short positions below 1.0630 with targets at 1.0575 & 1.0560 in extension. Alternative scenario: Above 1.0630 look for further upside with 1.0650 & 1.0670 as targets. Comment: A break below 1.0575 would trigger a drop towards 1.0560. AUD/USD Intraday: rebound expected. Pivot: 0.6705 Our preference: Long positions above 0.6705 with targets at 0.6750 & 0.6770 in extension. Alternative scenario: Below 0.6705 look for further downside with 0.6690 & 0.6675 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. Gold Intraday: bullish bias above 1829.00. Pivot: 1829.00 Our preference: Long positions above 1829.00 with targets at 1844.00 & 1849.00 in extension. Alternative scenario: Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: bullish bias above 136.20. Pivot: 136.20 Our preference: Long positions above 136.20 with targets at 137.10 & 137.45 in extension. Alternative scenario: Below 136.20 look for further downside with 135.70 & 135.25 as targets. Comment: A support base at 136.20 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (J3)‎ Intraday: bullish bias above 77.20. Pivot: 77.20 Our preference: Long positions above 77.20 with targets at 78.50 & 79.00 in extension. Alternative scenario: Below 77.20 look for further downside with 76.60 & 76.10 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-03-02 02:57

GBP/USD Intraday: rebound expected. Pivot: 1.1975 Our preference: Long positions above 1.1975 with targets at 1.2075 & 1.2105 in extension. Alternative scenario: Below 1.1975 look for further downside with 1.1950 & 1.1920 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. EUR/USD Intraday: bullish bias above 1.0635. Pivot: 1.0635 Our preference: Long positions above 1.0635 with targets at 1.0690 & 1.0710 in extension. Alternative scenario: Below 1.0635 look for further downside with 1.0615 & 1.0595 as targets. Comment: A support base at 1.0635 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6730 Our preference: Long positions above 0.6730 with targets at 0.6780 & 0.6800 in extension. Alternative scenario: Below 0.6730 look for further downside with 0.6710 & 0.6695 as targets. Comment: The RSI is mixed with a bullish bias. Gold Intraday: the upside prevails. Pivot: 1829.00 Our preference: Long positions above 1829.00 with targets at 1844.00 & 1850.00 in extension. Alternative scenario: Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: bullish bias above 135.50. Pivot: 135.50 Our preference: Long positions above 135.50 with targets at 136.45 & 136.80 in extension. Alternative scenario: Below 135.50 look for further downside with 135.20 & 134.90 as targets. Comment: The next resistances are at 136.45 and then at 136.80. Crude Oil (WTI)‎ (J3)‎ Intraday: 79.00 in sight. Pivot: 76.60 Our preference: Long positions above 76.60 with targets at 78.40 & 79.00 in extension. Alternative scenario: Below 76.60 look for further downside with 76.10 & 75.60 as targets. Comment: The RSI is bullish and calls for further upside.

2023-02-27 03:27

GBP/USD Intraday: watch 1.1920. Pivot: 1.2000 Our preference: Short positions below 1.2000 with targets at 1.1920 & 1.1890 in extension. Alternative scenario: Above 1.2000 look for further upside with 1.2030 & 1.2070 as targets. Comment: A break below 1.1920 would trigger a drop towards 1.1890. EUR/USD Intraday: watch 1.0530. Pivot: 1.0580 Our preference: Short positions below 1.0580 with targets at 1.0530 & 1.0500 in extension. Alternative scenario: Above 1.0580 look for further upside with 1.0605 & 1.0630 as targets. Comment: A break below 1.0530 would trigger a drop towards 1.0500. AUD/USD Intraday: key resistance at 0.6780. Pivot: 0.6780 Our preference: Short positions below 0.6780 with targets at 0.6700 & 0.6670 in extension. Alternative scenario: Above 0.6780 look for further upside with 0.6810 & 0.6840 as targets. Comment: As long as 0.6780 is resistance, look for choppy price action with a bearish bias. Gold Intraday: the downside prevails. Pivot: 1820.00 Our preference: Short positions below 1820.00 with targets at 1805.00 & 1800.00 in extension. Alternative scenario: Above 1820.00 look for further upside with 1827.00 & 1833.00 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: the upside prevails. Pivot: 135.80 Our preference: Long positions above 135.80 with targets at 136.60 & 137.00 in extension. Alternative scenario: Below 135.80 look for further downside with 135.40 & 135.00 as targets. Comment: The break above 135.80 is a positive signal that has opened a path to 136.60. Crude Oil (WTI)‎ (J3)‎ Intraday: further advance. Pivot: 75.60 Our preference: Long positions above 75.60 with targets at 77.20 & 78.00 in extension. Alternative scenario: Below 75.60 look for further downside with 75.00 & 74.10 as targets. Comment: The RSI is bullish and calls for further upside.

2023-02-24 03:38

GBP/USD Intraday: 1.1990 in sight. Pivot: 1.2065 Our preference: Short positions below 1.2065 with targets at 1.1990 & 1.1960 in extension. Alternative scenario: Above 1.2065 look for further upside with 1.2105 & 1.2145 as targets. Comment: A break below 1.1990 would trigger a drop towards 1.1960. EUR/USD Intraday: watch 1.0575. Pivot: 1.0625 Our preference: Short positions below 1.0625 with targets at 1.0575 & 1.0545 in extension. Alternative scenario: Above 1.0625 look for further upside with 1.0660 & 1.0685 as targets. Comment: A break below 1.0575 would trigger a drop towards 1.0545. AUD/USD Intraday: key resistance at 0.6840. Pivot: 0.6840 Our preference: Short positions below 0.6840 with targets at 0.6780 & 0.6765 in extension. Alternative scenario: Above 0.6840 look for further upside with 0.6865 & 0.6890 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Gold Intraday: the downside prevails. Pivot: 1829.00 Our preference: Short positions below 1829.00 with targets at 1818.00 & 1813.00 in extension. Alternative scenario: Above 1829.00 look for further upside with 1834.00 & 1839.00 as targets. Comment: As long as the resistance at 1829.00 is not surpassed, the risk of the break below 1818.00 remains high. USD/JPY Intraday: under pressure. Pivot: 135.00 Our preference: Short positions below 135.00 with targets at 134.20 & 133.90 in extension. Alternative scenario: Above 135.00 look for further upside with 135.35 & 135.65 as targets. Comment: As long as the resistance at 135.00 is not surpassed, the risk of the break below 134.20 remains high. Crude Oil (WTI)‎ (J3)‎ Intraday: rebound expected. Pivot: 74.80 Our preference: Long positions above 74.80 with targets at 76.20 & 76.80 in extension. Alternative scenario: Below 74.80 look for further downside with 74.30 & 73.80 as targets. Comment: The RSI is bullish and calls for further upside.

2023-02-23 02:47

GBP/USD Intraday: watch 1.2015. Pivot: 1.2105 Our preference: Short positions below 1.2105 with targets at 1.2015 & 1.1980 in extension. Alternative scenario: Above 1.2105 look for further upside with 1.2150 & 1.2190 as targets. Comment: A break below 1.2015 would trigger a drop towards 1.1980. EUR/USD Intraday: under pressure. Pivot: 1.0655 Our preference: Short positions below 1.0655 with targets at 1.0575 & 1.0545 in extension. Alternative scenario: Above 1.0655 look for further upside with 1.0680 & 1.0705 as targets. Comment: Technically the RSI is below its neutrality area at 50. AUD/USD Intraday: the downside prevails. Pivot: 0.6845 Our preference: Short positions below 0.6845 with targets at 0.6785 & 0.6765 in extension. Alternative scenario: Above 0.6845 look for further upside with 0.6865 & 0.6890 as targets. Comment: The RSI lacks upward momentum. Gold Intraday: under pressure. Pivot: 1835.00 Our preference: Short positions below 1835.00 with targets at 1818.00 & 1810.00 in extension. Alternative scenario: Above 1835.00 look for further upside with 1941.00 & 1947.00 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: bullish bias above 134.45. Pivot: 134.45 Our preference: Long positions above 134.45 with targets at 135.20 & 135.50 in extension. Alternative scenario: Below 134.45 look for further downside with 134.20 & 133.90 as targets. Comment: A support base at 134.45 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI)‎ (J3)‎ Intraday: towards 72.00. Pivot: 75.20 Our preference: Short positions below 75.20 with targets at 72.90 & 72.00 in extension. Alternative scenario: Above 75.20 look for further upside with 76.10 & 76.80 as targets. Comment: The RSI has broken down its 30 level.