2023-02-22 05:09

GBP/USD Intraday: the upside prevails. Pivot: 1.2065 Our preference: Long positions above 1.2065 with targets at 1.2150 & 1.2190 in extension. Alternative scenario: Below 1.2065 look for further downside with 1.2030 & 1.1990 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: towards 1.0610. Pivot: 1.0670 Our preference: Short positions below 1.0670 with targets at 1.0630 & 1.0610 in extension. Alternative scenario: Above 1.0670 look for further upside with 1.0685 & 1.0700 as targets. Comment: The RSI advocates for further downside. AUD/USD Intraday: the downside prevails. Pivot: 0.6890 Our preference: Short positions below 0.6890 with targets at 0.6845 & 0.6830 in extension. Alternative scenario: Above 0.6890 look for further upside with 0.6905 & 0.6920 as targets. Comment: As long as 0.6890 is resistance, look for choppy price action with a bearish bias. Gold Intraday: key resistance at 1842.00. Pivot: 1842.00 Our preference: Short positions below 1842.00 with targets at 1829.00 & 1824.00 in extension. Alternative scenario: Above 1842.00 look for further upside with 1847.00 & 1853.00 as targets. Comment: The RSI is mixed with a bearish bias. USD/JPY Intraday: bullish bias above 134.65. Pivot: 134.65 Our preference: Long positions above 134.65 with targets at 135.20 & 135.40 in extension. Alternative scenario: Below 134.65 look for further downside with 134.40 & 134.20 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure. Pivot: 76.80 Our preference: Short positions below 76.80 with targets at 75.70 & 75.30 in extension. Alternative scenario: Above 76.80 look for further upside with 77.50 & 78.20 as targets. Comment: The RSI calls for a drop.

2023-02-21 06:46

GBP/USD Intraday: bullish bias above 1.2000. Pivot: 1.2000 Our preference: Long positions above 1.2000 with targets at 1.2070 & 1.2100 in extension. Alternative scenario: Below 1.2000 look for further downside with 1.1970 & 1.1940 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0665 Our preference: Long positions above 1.0665 with targets at 1.0705 & 1.0720 in extension. Alternative scenario: Below 1.0665 look for further downside with 1.0650 & 1.0635 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: the upside prevails. Pivot: 0.6880 Our preference: Long positions above 0.6880 with targets at 0.6935 & 0.6960 in extension. Alternative scenario: Below 0.6880 look for further downside with 0.6860 & 0.6830 as targets. Comment: The RSI calls for a new upleg. Gold Intraday: bullish bias above 1837.00. Pivot: 1837.00 Our preference: Long positions above 1837.00 with targets at 1848.00 & 1853.00 in extension. Alternative scenario: Below 1837.00 look for further downside with 1830.00 & 1824.00 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. USD/JPY Intraday: watch 133.60. Pivot: 134.55 Our preference: Short positions below 134.55 with targets at 133.90 & 133.60 in extension. Alternative scenario: Above 134.55 look for further upside with 134.80 & 135.10 as targets. Comment: As long as the resistance at 134.55 is not surpassed, the risk of the break below 133.90 remains high. Crude Oil (WTI)‎ (J3)‎ Intraday: expect 78.50. Pivot: 76.55 Our preference: Long positions above 76.55 with targets at 77.80 & 78.50 in extension. Alternative scenario: Below 76.55 look for further downside with 75.95 & 75.30 as targets. Comment: The RSI calls for a bounce.

2023-02-17 02:45

GBP/USD Intraday: 1.1900 in sight. Pivot: 1.2030 Our preference: Short positions below 1.2030 with targets at 1.1940 & 1.1900 in extension. Alternative scenario: Above 1.2030 look for further upside with 1.2070 & 1.2100 as targets. Comment: The RSI advocates for further decline. EUR/USD Intraday: the downside prevails. Pivot: 1.0700 Our preference: Short positions below 1.0700 with targets at 1.0640 & 1.0620 in extension. Alternative scenario: Above 1.0700 look for further upside with 1.0720 & 1.0740 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: under pressure. Pivot: 0.6905 Our preference: Short positions below 0.6905 with targets at 0.6840 & 0.6810 in extension. Alternative scenario: Above 0.6905 look for further upside with 0.6935 & 0.6960 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: range. Pivot: 1845.00 Our preference: Short positions below 1845.00 with targets at 1827.00 & 1822.00 in extension. Alternative scenario: Above 1845.00 look for further upside with 1853.00 & 1860.00 as targets. Comment: As long as 1845.00 is resistance, expect a return to 1827.00. Crude Oil (WTI)‎ (J3)‎ Intraday: the downside prevails. Pivot: 79.00 Our preference: Short positions below 79.00 with targets at 77.50 & 76.80 in extension. Alternative scenario: Above 79.00 look for further upside with 79.40 & 79.80 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: bullish bias above 133.60. Pivot: 133.60 Our preference: Long positions above 133.60 with targets at 134.40 & 134.80 in extension. Alternative scenario: Below 133.60 look for further downside with 133.30 & 133.00 as targets. Comment: The RSI calls for a bounce.

2023-02-16 06:21

GBP/USD Intraday: the downside prevails. Pivot: 1.2080 Our preference: Short positions below 1.2080 with targets at 1.1990 & 1.1960 in extension. Alternative scenario: Above 1.2080 look for further upside with 1.2100 & 1.2130 as targets. Comment: The RSI calls for a new downleg. EUR/USD Intraday: the downside prevails. Pivot: 1.0715 Our preference: Short positions below 1.0715 with targets at 1.0660 & 1.0640 in extension. Alternative scenario: Above 1.0715 look for further upside with 1.0730 & 1.0745 as targets. Comment: As long as the resistance at 1.0715 is not surpassed, the risk of the break below 1.0660 remains high. AUD/USD Intraday: under pressure. Pivot: 0.6920 Our preference: Short positions below 0.6920 with targets at 0.6860 & 0.6840 in extension. Alternative scenario: Above 0.6920 look for further upside with 0.6940 & 0.6960 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: look for 1823.00. Pivot: 1844.00 Our preference: Short positions below 1844.00 with targets at 1829.00 & 1823.00 in extension. Alternative scenario: Above 1844.00 look for further upside with 1850.00 & 1859.00 as targets. Comment: The immediate trend remains down but the momentum is weak. USD/JPY Intraday: bullish bias above 133.20. Pivot: 133.20 Our preference: Long positions above 133.20 with targets at 134.35 & 134.80 in extension. Alternative scenario: Below 133.20 look for further downside with 132.80 & 132.50 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (H3)‎ Intraday: intraday support around 77.90. Pivot: 77.90 Our preference: Long positions above 77.90 with targets at 79.15 & 79.60 in extension. Alternative scenario: Below 77.90 look for further downside with 77.15 & 76.50 as targets. Comment: The RSI is mixed with a bullish bias.

2023-02-15 02:45

GBP/USD Intraday: key resistance at 1.2200. Pivot: 1.2200 Our preference: Short positions below 1.2200 with targets at 1.2140 & 1.2115 in extension. Alternative scenario: Above 1.2200 look for further upside with 1.2230 & 1.2265 as targets. Comment: As long as 1.2200 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: watch 1.0690. Pivot: 1.0760 Our preference: Short positions below 1.0760 with targets at 1.0710 & 1.0690 in extension. Alternative scenario: Above 1.0760 look for further upside with 1.0780 & 1.0800 as targets. Comment: As long as the resistance at 1.0760 is not surpassed, the risk of the break below 1.0710 remains high. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6960 Our preference: Long positions above 0.6960 with targets at 0.7000 & 0.7020 in extension. Alternative scenario: Below 0.6960 look for further downside with 0.6940 & 0.6920 as targets. Comment: The RSI advocates for further upside. Gold Intraday: choppy. Pivot: 1863.00 Our preference: Short positions below 1863.00 with targets at 1848.00 & 1843.00 in extension. Alternative scenario: Above 1863.00 look for further upside with 1871.00 & 1878.00 as targets. Comment: As long as 1863.00 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. Pivot: 132.30 Our preference: Long positions above 132.30 with targets at 133.60 & 134.00 in extension. Alternative scenario: Below 132.30 look for further downside with 131.90 & 131.50 as targets. Comment: The RSI advocates for further advance. Crude Oil (WTI)‎ (H3)‎ Intraday: consolidation in place. Pivot: 79.60 Our preference: Short positions below 79.60 with targets at 78.00 & 77.45 in extension. Alternative scenario: Above 79.60 look for further upside with 80.20 & 80.60 as targets. Comment: Technically the RSI is below its neutrality area at 50.

2023-02-14 03:57

GBP/USD Intraday: further upside. Pivot: 1.2090 Our preference: Long positions above 1.2090 with targets at 1.2160 & 1.2195 in extension. Alternative scenario: Below 1.2090 look for further downside with 1.2060 & 1.2030 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: continuation of the rebound. Pivot: 1.0690 Our preference: Long positions above 1.0690 with targets at 1.0750 & 1.0770 in extension. Alternative scenario: Below 1.0690 look for further downside with 1.0670 & 1.0655 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: further advance. Pivot: 0.6930 Our preference: Long positions above 0.6930 with targets at 0.6990 & 0.7010 in extension. Alternative scenario: Below 0.6930 look for further downside with 0.6910 & 0.6890 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: towards 1839.00. Pivot: 1863.00 Our preference: Short positions below 1863.00 with targets at 1846.00 & 1839.00 in extension. Alternative scenario: Above 1863.00 look for further upside with 1871.00 & 1878.00 as targets. Comment: The immediate trend remains down but the momentum is weak. Crude Oil (WTI)‎ (H3)‎ Intraday: key resistance at 80.00. Pivot: 80.00 Our preference: Short positions below 80.00 with targets at 78.50 & 77.50 in extension. Alternative scenario: Above 80.00 look for further upside with 80.60 & 81.60 as targets. Comment: As long as 80.00 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: consolidation. Pivot: 132.90 Our preference: Short positions below 132.90 with targets at 131.80 & 131.40 in extension. Alternative scenario: Above 132.90 look for further upside with 133.30 & 133.70 as targets. Comment: The RSI advocates for further downside.