2023-01-20 04:32

GBP/USD Intraday: the upside prevails. Pivot: 1.2340 Our preference: Long positions above 1.2340 with targets at 1.2430 & 1.2460 in extension. Alternative scenario: Below 1.2340 look for further downside with 1.2310 & 1.2280 as targets. Comment: The RSI advocates for further upside. EUR/USD Intraday: the upside prevails. Pivot: 1.0800 Our preference: Long positions above 1.0800 with targets at 1.0855 & 1.0880 in extension. Alternative scenario: Below 1.0800 look for further downside with 1.0780 & 1.0760 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: rebound expected. Pivot: 0.6880 Our preference: Long positions above 0.6880 with targets at 0.6945 & 0.6970 in extension. Alternative scenario: Below 0.6880 look for further downside with 0.6860 & 0.6840 as targets. Comment: The RSI calls for a rebound. Gold Intraday: further upside. Pivot: 1921.00 Our preference: Long positions above 1921.00 with targets at 1941.00 & 1950.00 in extension. Alternative scenario: Below 1921.00 look for further downside with 1913.00 & 1906.00 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: watch 128.10. Pivot: 128.80 Our preference: Short positions below 128.80 with targets at 128.10 & 127.70 in extension. Alternative scenario: Above 128.80 look for further upside with 129.20 & 129.70 as targets. Comment: A break below 128.10 would trigger a drop towards 127.70. Crude Oil (WTI)‎ (H3)‎ Intraday: bullish bias above 79.90. Pivot: 79.90 Our preference: Long positions above 79.90 with targets at 81.80 & 82.60 in extension. Alternative scenario: Below 79.90 look for further downside with 79.10 & 78.50 as targets. Comment: The RSI calls for a bounce.

2023-01-19 04:09

EUR/USD Intraday: expect 1.0740. Pivot: 1.0830 Our preference: Short positions below 1.0830 with targets at 1.0765 & 1.0740 in extension. Alternative scenario: Above 1.0830 look for further upside with 1.0860 & 1.0885 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: choppy. Pivot: 1913.00 Our preference: Short positions below 1913.00 with targets at 1896.00 & 1891.00 in extension. Alternative scenario: Above 1913.00 look for further upside with 1919.00 & 1926.00 as targets. Comment: As long as 1913.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (H3)‎ Intraday: under pressure. Pivot: 80.25 Our preference: Short positions below 80.25 with targets at 78.80 & 78.25 in extension. Alternative scenario: Above 80.25 look for further upside with 80.85 & 81.50 as targets. Comment: The RSI has broken down its 30 level. GBP/USD Intraday: consolidation. Pivot: 1.2400 Our preference: Short positions below 1.2400 with targets at 1.2300 & 1.2270 in extension. Alternative scenario: Above 1.2400 look for further upside with 1.2435 & 1.2470 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.2400. USD/JPY Intraday: towards 127.20. Pivot: 129.50 Our preference: Short positions below 129.50 with targets at 127.60 & 127.20 in extension. Alternative scenario: Above 129.50 look for further upside with 130.10 & 130.70 as targets. Comment: The RSI is bearish and calls for further downside. AUD/USD Intraday: under pressure. Pivot: 0.6985 Our preference: Short positions below 0.6985 with targets at 0.6915 & 0.6890 in extension. Alternative scenario: Above 0.6985 look for further upside with 0.7010 & 0.7035 as targets. Comment: The RSI is bearish and calls for further decline.

2023-01-18 04:42

GBP/USD Intraday: bullish bias above 1.2245. Pivot: 1.2245 Our preference: Long positions above 1.2245 with targets at 1.2310 & 1.2340 in extension. Alternative scenario: Below 1.2245 look for further downside with 1.2220 & 1.2190 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: the downside prevails. Pivot: 1.0830 Our preference: Short positions below 1.0830 with targets at 1.0770 & 1.0750 in extension. Alternative scenario: Above 1.0830 look for further upside with 1.0850 & 1.0870 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: key resistance at 1916.00. Pivot: 1916.00 Our preference: Short positions below 1916.00 with targets at 1901.00 & 1891.00 in extension. Alternative scenario: Above 1916.00 look for further upside with 1922.00 & 1929.00 as targets. Comment: As long as the resistance at 1916.00 is not surpassed, the risk of the break below 1901.00 remains high. Crude Oil (WTI)‎ (G3)‎ Intraday: expect 82.10. Pivot: 79.70 Our preference: Long positions above 79.70 with targets at 81.50 & 82.10 in extension. Alternative scenario: Below 79.70 look for further downside with 79.10 & 78.50 as targets. Comment: The RSI is mixed with a bullish bias. USD/JPY Intraday: watch 127.60. Pivot: 128.70 Our preference: Short positions below 128.70 with targets at 127.90 & 127.60 in extension. Alternative scenario: Above 128.70 look for further upside with 129.10 & 129.40 as targets. Comment: The RSI advocates for further downside. AUD/USD Intraday: bullish bias above 0.6965. Pivot: 0.6965 Our preference: Long positions above 0.6965 with targets at 0.7000 & 0.7020 in extension. Alternative scenario: Below 0.6965 look for further downside with 0.6945 & 0.6930 as targets. Comment: The RSI advocates for further upside.

2023-01-17 02:58

GBP/USD Intraday: the downside prevails. Pivot: 1.2245 Our preference: Short positions below 1.2245 with targets at 1.2170 & 1.2145 in extension. Alternative scenario: Above 1.2245 look for further upside with 1.2265 & 1.2290 as targets. Comment: A break below 1.2170 would trigger a drop towards 1.2145. EUR/USD Intraday: key resistance at 1.0850. Pivot: 1.0850 Our preference: Short positions below 1.0850 with targets at 1.0800 & 1.0780 in extension. Alternative scenario: Above 1.0850 look for further upside with 1.0870 & 1.0890 as targets. Comment: As long as the resistance at 1.0850 is not surpassed, the risk of the break below 1.0800 remains high. Gold Intraday: bullish bias above 1909.00. Pivot: 1909.00 Our preference: Long positions above 1909.00 with targets at 1922.00 & 1929.00 in extension. Alternative scenario: Below 1909.00 look for further downside with 1900.00 & 1892.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure. Pivot: 79.75 Our preference: Short positions below 79.75 with targets at 78.00 & 77.20 in extension. Alternative scenario: Above 79.75 look for further upside with 80.20 & 80.80 as targets. Comment: The RSI is below its neutrality area at 50% USD/JPY Intraday: bullish bias above 127.80. Pivot: 127.80 Our preference: Long positions above 127.80 with targets at 128.80 & 129.20 in extension. Alternative scenario: Below 127.80 look for further downside with 127.50 & 127.20 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: watch 0.6920. Pivot: 0.6990 Our preference: Short positions below 0.6990 with targets at 0.6940 & 0.6920 in extension. Alternative scenario: Above 0.6990 look for further upside with 0.7005 & 0.7020 as targets. Comment: As long as 0.6990 is resistance, look for choppy price action with a bearish bias.

2023-01-16 03:40

GBP/USD Intraday: the upside prevails. Pivot: 1.2175 Our preference: Long positions above 1.2175 with targets at 1.2250 & 1.2280 in extension. Alternative scenario: Below 1.2175 look for further downside with 1.2145 & 1.2115 as targets. Comment: Technically the RSI is above its neutrality area at 50. EUR/USD Intraday: key resistance at 1.0860. Pivot: 1.0860 Our preference: Short positions below 1.0860 with targets at 1.0800 & 1.0775 in extension. Alternative scenario: Above 1.0860 look for further upside with 1.0890 & 1.0920 as targets. Comment: As long as the resistance at 1.0860 is not surpassed, the risk of the break below 1.0800 remains high. AUD/USD Intraday: the upside prevails. Pivot: 0.6940 Our preference: Long positions above 0.6940 with targets at 0.6990 & 0.7015 in extension. Alternative scenario: Below 0.6940 look for further downside with 0.6915 & 0.6890 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: the upside prevails. Pivot: 1906.00 Our preference: Long positions above 1906.00 with targets at 1928.00 & 1936.00 in extension. Alternative scenario: Below 1906.00 look for further downside with 1900.00 & 1892.00 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: watch 127.45. Pivot: 128.50 Our preference: Short positions below 128.50 with targets at 127.45 & 127.00 in extension. Alternative scenario: Above 128.50 look for further upside with 129.00 & 129.50 as targets. Comment: A break below 127.45 would trigger a drop towards 127.00. Crude Oil (WTI)‎ (G3)‎ Intraday: bullish bias above 79.00. Pivot: 79.00 Our preference: Long positions above 79.00 with targets at 80.80 & 81.50 in extension. Alternative scenario: Below 79.00 look for further downside with 78.00 & 77.20 as targets. Comment: The RSI is mixed with a bullish bias.

2023-01-13 02:51

GBP/USD Intraday: watch 1.2280. Pivot: 1.2160 Our preference: Long positions above 1.2160 with targets at 1.2245 & 1.2280 in extension. Alternative scenario: Below 1.2160 look for further downside with 1.2120 & 1.2090 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: further upside. Pivot: 1.0810 Our preference: Long positions above 1.0810 with targets at 1.0890 & 1.0920 in extension. Alternative scenario: Below 1.0810 look for further downside with 1.0780 & 1.0750 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: the upside prevails. Pivot: 0.6920 Our preference: Long positions above 0.6920 with targets at 0.7000 & 0.7030 in extension. Alternative scenario: Below 0.6920 look for further downside with 0.6890 & 0.6860 as targets. Comment: The RSI advocates for further upside. Gold Intraday: further upside. Pivot: 1885.00 Our preference: Long positions above 1885.00 with targets at 1909.00 & 1915.00 in extension. Alternative scenario: Below 1885.00 look for further downside with 1878.00 & 1873.00 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: the downside prevails. Pivot: 130.00 Our preference: Short positions below 130.00 with targets at 128.70 & 128.20 in extension. Alternative scenario: Above 130.00 look for further upside with 130.40 & 130.80 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (G3)‎ Intraday: intraday support around 77.85. Pivot: 77.85 Our preference: Long positions above 77.85 with targets at 79.10 & 79.70 in extension. Alternative scenario: Below 77.85 look for further downside with 77.00 & 76.20 as targets. Comment: The immediate trend remains down but the momentum is weak.