2023-02-02 02:42

GBP/USD Intraday: further upside. Pivot: 1.2340 Our preference: Long positions above 1.2340 with targets at 1.2415 & 1.2445 in extension. Alternative scenario: Below 1.2340 look for further downside with 1.2310 & 1.2280 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: further advance. Pivot: 1.0940 Our preference: Long positions above 1.0940 with targets at 1.1055 & 1.1100 in extension. Alternative scenario: Below 1.0940 look for further downside with 1.0910 & 1.0880 as targets. Comment: The break above 1.0940 is a positive signal that has opened a path to 1.1055. AUD/USD Intraday: the upside prevails. Pivot: 0.7090 Our preference: Long positions above 0.7090 with targets at 0.7180 & 0.7210 in extension. Alternative scenario: Below 0.7090 look for further downside with 0.7065 & 0.7035 as targets. Comment: The break above 0.7090 is a positive signal that has opened a path to 0.7180. Gold Intraday: further upside. Pivot: 1933.00 Our preference: Long positions above 1933.00 with targets at 1962.00 & 1976.00 in extension. Alternative scenario: Below 1933.00 look for further downside with 1922.00 & 1912.00 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: the downside prevails. Pivot: 129.30 Our preference: Short positions below 129.30 with targets at 128.20 & 127.70 in extension. Alternative scenario: Above 129.30 look for further upside with 129.65 & 130.00 as targets. Comment: The RSI has broken down its 30 level. Crude Oil (WTI)‎ (H3)‎ Intraday: the downside prevails. Pivot: 78.30 Our preference: Short positions below 78.30 with targets at 75.70 & 74.60 in extension. Alternative scenario: Above 78.30 look for further upside with 79.00 & 79.70 as targets. Comment: The RSI is bearish and calls for further decline.

2023-01-31 03:51

GBP/USD Intraday: towards 1.2300. Pivot: 1.2380 Our preference: Short positions below 1.2380 with targets at 1.2320 & 1.2300 in extension. Alternative scenario: Above 1.2380 look for further upside with 1.2400 & 1.2420 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: under pressure. Pivot: 1.0875 Our preference: Short positions below 1.0875 with targets at 1.0835 & 1.0810 in extension. Alternative scenario: Above 1.0875 look for further upside with 1.0895 & 1.0915 as targets. Comment: The RSI calls for a new downleg. AUD/USD Intraday: the downside prevails. Pivot: 0.7080 Our preference: Short positions below 0.7080 with targets at 0.7040 & 0.7020 in extension. Alternative scenario: Above 0.7080 look for further upside with 0.7100 & 0.7120 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: target 1911.00. Pivot: 1930.00 Our preference: Short positions below 1930.00 with targets at 1916.00 & 1911.00 in extension. Alternative scenario: Above 1930.00 look for further upside with 1935.00 & 1942.00 as targets. Comment: Technically the RSI is below its neutrality area at 50. USD/JPY Intraday: the upside prevails. Pivot: 130.00 Our preference: Long positions above 130.00 with targets at 130.80 & 131.10 in extension. Alternative scenario: Below 130.00 look for further downside with 129.70 & 129.40 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (H3)‎ Intraday: the downside prevails. Pivot: 79.00 Our preference: Short positions below 79.00 with targets at 77.35 & 76.50 in extension. Alternative scenario: Above 79.00 look for further upside with 79.80 & 80.50 as targets. Comment: The RSI is mixed with a bearish bias.

2023-01-30 03:16

GBP/USD Intraday: the bias remains bullish. Pivot: 1.2350 Our preference: Long positions above 1.2350 with targets at 1.2430 & 1.2460 in extension. Alternative scenario: Below 1.2350 look for further downside with 1.2330 & 1.2310 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: bullish bias above 1.0835. Pivot: 1.0835 Our preference: Long positions above 1.0835 with targets at 1.0890 & 1.0910 in extension. Alternative scenario: Below 1.0835 look for further downside with 1.0820 & 1.0800 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: bullish bias above 0.7080. Pivot: 0.7080 Our preference: Long positions above 0.7080 with targets at 0.7125 & 0.7140 in extension. Alternative scenario: Below 0.7080 look for further downside with 0.7060 & 0.7040 as targets. Comment: A support base at 0.7080 has formed and has allowed for a temporary stabilisation. Gold Intraday: intraday support around 1918.00. Pivot: 1918.00 Our preference: Long positions above 1918.00 with targets at 1935.00 & 1942.00 in extension. Alternative scenario: Below 1918.00 look for further downside with 1911.00 & 1906.00 as targets. Comment: A support base at 1918.00 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the downside prevails. Pivot: 130.25 Our preference: Short positions below 130.25 with targets at 129.55 & 129.25 in extension. Alternative scenario: Above 130.25 look for further upside with 130.60 & 131.00 as targets. Comment: As long as the resistance at 130.25 is not surpassed, the risk of the break below 129.55 remains high. Crude Oil (WTI)‎ (H3)‎ Intraday: bounce. Pivot: 79.35 Our preference: Long positions above 79.35 with targets at 80.90 & 81.50 in extension. Alternative scenario: Below 79.35 look for further downside with 79.00 & 78.50 as targets. Comment: The RSI calls for a rebound.

2023-01-27 02:49

GBP/USD Intraday: the upside prevails. Pivot: 1.2370 Our preference: Long positions above 1.2370 with targets at 1.2440 & 1.2465 in extension. Alternative scenario: Below 1.2370 look for further downside with 1.2340 & 1.2310 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: rebound expected. Pivot: 1.0865 Our preference: Long positions above 1.0865 with targets at 1.0910 & 1.0930 in extension. Alternative scenario: Below 1.0865 look for further downside with 1.0850 & 1.0830 as targets. Comment: The RSI calls for a rebound. AUD/USD Intraday: the upside prevails. Pivot: 0.7095 Our preference: Long positions above 0.7095 with targets at 0.7140 & 0.7160 in extension. Alternative scenario: Below 0.7095 look for further downside with 0.7075 & 0.7060 as targets. Comment: The break above 0.7095 is a positive signal that has opened a path to 0.7140. Gold Intraday: bullish bias above 1919.00. Pivot: 1919.00 Our preference: Long positions above 1919.00 with targets at 1937.00 & 1943.00 in extension. Alternative scenario: Below 1919.00 look for further downside with 1912.00 & 1903.00 as targets. Comment: A support base at 1919.00 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the downside prevails. Pivot: 130.20 Our preference: Short positions below 130.20 with targets at 129.40 & 129.00 in extension. Alternative scenario: Above 130.20 look for further upside with 130.60 & 131.00 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (H3)‎ Intraday: bullish bias above 80.40. Pivot: 80.40 Our preference: Long positions above 80.40 with targets at 81.70 & 82.20 in extension. Alternative scenario: Below 80.40 look for further downside with 79.90 & 79.40 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

2023-01-26 02:38

GBP/USD Intraday: continuation of the rebound. Pivot: 1.2345 Our preference: Long positions above 1.2345 with targets at 1.2440 & 1.2480 in extension. Alternative scenario: Below 1.2345 look for further downside with 1.2310 & 1.2280 as targets. Comment: The RSI advocates for further upside. EUR/USD Intraday: further upside. Pivot: 1.0890 Our preference: Long positions above 1.0890 with targets at 1.0935 & 1.0950 in extension. Alternative scenario: Below 1.0890 look for further downside with 1.0875 & 1.0855 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: the upside prevails. Pivot: 0.7060 Our preference: Long positions above 0.7060 with targets at 0.7130 & 0.7160 in extension. Alternative scenario: Below 0.7060 look for further downside with 0.7030 & 0.7000 as targets. Comment: The RSI lacks downward momentum. Gold Intraday: towards 1960.00. Pivot: 1937.00 Our preference: Long positions above 1937.00 with targets at 1953.00 & 1960.00 in extension. Alternative scenario: Below 1937.00 look for further downside with 1929.00 & 1920.00 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: the downside prevails. Pivot: 130.00 Our preference: Short positions below 130.00 with targets at 129.00 & 128.65 in extension. Alternative scenario: Above 130.00 look for further upside with 130.30 & 130.60 as targets. Comment: Technically the RSI is below its neutrality area at 50. Crude Oil (WTI)‎ (H3)‎ Intraday: key resistance at 81.20. Pivot: 81.20 Our preference: Short positions below 81.20 with targets at 79.60 & 79.00 in extension. Alternative scenario: Above 81.20 look for further upside with 81.70 & 82.20 as targets. Comment: As long as 81.20 is resistance, look for choppy price action with a bearish bias.

2023-01-25 03:21

GBP/USD Intraday: key resistance at 1.2390. Pivot: 1.2390 Our preference: Short positions below 1.2390 with targets at 1.2350 & 1.2325 in extension. Alternative scenario: Above 1.2390 look for further upside with 1.2420 & 1.2445 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.2390. EUR/USD Intraday: key resistance at 1.0880. Pivot: 1.0880 Our preference: Short positions below 1.0880 with targets at 1.0845 & 1.0825 in extension. Alternative scenario: Above 1.0880 look for further upside with 1.0900 & 1.0920 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0880. AUD/USD Intraday: the upside prevails. Pivot: 0.6990 Our preference: Long positions above 0.6990 with targets at 0.7050 & 0.7075 in extension. Alternative scenario: Below 0.6990 look for further downside with 0.6965 & 0.6940 as targets. Comment: The RSI lacks downward momentum. Gold Intraday: further advance. Pivot: 1921.00 Our preference: Long positions above 1921.00 with targets at 1937.00 & 1945.00 in extension. Alternative scenario: Below 1921.00 look for further downside with 1916.00 & 1911.00 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: bullish bias above 130.25. Pivot: 130.25 Our preference: Long positions above 130.25 with targets at 130.90 & 131.20 in extension. Alternative scenario: Below 130.25 look for further downside with 129.95 & 129.60 as targets. Comment: Technically the RSI is above its neutrality area at 50. Crude Oil (WTI)‎ (H3)‎ Intraday: bullish bias above 81.00. Pivot: 81.00 Our preference: Long positions above 81.00 with targets at 82.10 & 82.60 in extension. Alternative scenario: Below 81.00 look for further downside with 80.50 & 79.90 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.