2023-01-12 01:50

GBP/USD Intraday: towards 1.2200. Pivot: 1.2120 Our preference: Long positions above 1.2120 with targets at 1.2180 & 1.2200 in extension. Alternative scenario: Below 1.2120 look for further downside with 1.2100 & 1.2080 as targets. Comment: The RSI calls for a bounce. EUR/USD Intraday: 1.0800 in sight. Pivot: 1.0740 Our preference: Long positions above 1.0740 with targets at 1.0785 & 1.0800 in extension. Alternative scenario: Below 1.0740 look for further downside with 1.0725 & 1.0710 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: watch 0.6950. Pivot: 0.6880 Our preference: Long positions above 0.6880 with targets at 0.6930 & 0.6950 in extension. Alternative scenario: Below 0.6880 look for further downside with 0.6860 & 0.6840 as targets. Comment: The RSI advocates for further upside. Gold Intraday: intraday support around 1867.00. Pivot: 1867.00 Our preference: Long positions above 1867.00 with targets at 1886.00 & 1892.00 in extension. Alternative scenario: Below 1867.00 look for further downside with 1858.00 & 1850.00 as targets. Comment: The immediate trend remains up but the momentum is weak. USD/JPY Intraday: under pressure. Pivot: 132.45 Our preference: Short positions below 132.45 with targets at 131.40 & 131.20 in extension. Alternative scenario: Above 132.45 look for further upside with 132.65 & 132.85 as targets. Comment: The RSI has broken down its 30 level. Crude Oil (WTI)‎ (G3)‎ Intraday: further upside. Pivot: 76.40 Our preference: Long positions above 76.40 with targets at 78.40 & 79.40 in extension. Alternative scenario: Below 76.40 look for further downside with 75.50 & 74.30 as targets. Comment: The RSI shows upside momentum.

2023-01-11 04:20

EUR/USD Intraday: consolidation. 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 1.0760 is resistance, look for choppy price action with a bearish bias. Gold Intraday: rebound expected. Pivot: 1869.00 Our preference: Long positions above 1869.00 with targets at 1885.00 & 1900.00 in extension. Alternative scenario: Below 1869.00 look for further downside with 1864.00 & 1858.00 as targets. Comment: Technically the RSI is above its neutrality area at 50. Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure. Pivot: 75.30 Our preference: Short positions below 75.30 with targets at 74.00 & 73.25 in extension. Alternative scenario: Above 75.30 look for further upside with 75.90 & 76.70 as targets. Comment: The RSI calls for a drop. GBP/USD Intraday: watch 1.2080. Pivot: 1.2185 Our preference: Short positions below 1.2185 with targets at 1.2110 & 1.2080 in extension. Alternative scenario: Above 1.2185 look for further upside with 1.2210 & 1.2240 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: the bias remains bullish. Pivot: 131.65 Our preference: Long positions above 131.65 with targets at 132.65 & 133.00 in extension. Alternative scenario: Below 131.65 look for further downside with 131.30 & 130.90 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: key resistance at 0.6925. Pivot: 0.6925 Our preference: Short positions below 0.6925 with targets at 0.6860 & 0.6840 in extension. Alternative scenario: Above 0.6925 look for further upside with 0.6950 & 0.6975 as targets. Comment: As long as 0.6925 is resistance, look for choppy price action with a bearish bias.

2023-01-10 03:26

GBP/USD Intraday: the bias remains bullish. Pivot: 1.2120 Our preference: Long positions above 1.2120 with targets at 1.2210 & 1.2260 in extension. Alternative scenario: Below 1.2120 look for further downside with 1.2070 & 1.2020 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: bullish bias above 1.0690. Pivot: 1.0690 Our preference: Long positions above 1.0690 with targets at 1.0760 & 1.0790 in extension. Alternative scenario: Below 1.0690 look for further downside with 1.0660 & 1.0630 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: consolidation. Pivot: 0.6950 Our preference: Short positions below 0.6950 with targets at 0.6880 & 0.6860 in extension. Alternative scenario: Above 0.6950 look for further upside with 0.6970 & 0.6990 as targets. Comment: As long as 0.6950 is resistance, look for choppy price action with a bearish bias. Gold Intraday: consolidation in place. Pivot: 1881.00 Our preference: Short positions below 1881.00 with targets at 1864.00 & 1852.00 in extension. Alternative scenario: Above 1881.00 look for further upside with 1891.00 & 1900.00 as targets. Comment: Intraday technical indicators lack momentum. USD/JPY Intraday: key resistance at 132.60. Pivot: 132.60 Our preference: Short positions below 132.60 with targets at 131.30 & 130.80 in extension. Alternative scenario: Above 132.60 look for further upside with 133.00 & 133.40 as targets. Comment: As long as 132.60 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure. Pivot: 75.50 Our preference: Short positions below 75.50 with targets at 74.00 & 73.20 in extension. Alternative scenario: Above 75.50 look for further upside with 76.50 & 77.30 as targets. Comment: The RSI is below its neutrality area at 50%

2023-01-09 06:53

GBP/USD Intraday: further advance. Pivot: 1.2000 Our preference: Long positions above 1.2000 with targets at 1.2150 & 1.2220 in extension. Alternative scenario: Below 1.2000 look for further downside with 1.1940 & 1.1880 as targets. Comment: The RSI advocates for further upside. EUR/USD Intraday: further upside. Pivot: 1.0590 Our preference: Long positions above 1.0590 with targets at 1.0700 & 1.0730 in extension. Alternative scenario: Below 1.0590 look for further downside with 1.0550 & 1.0520 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: watch 0.6970. Pivot: 0.6820 Our preference: Long positions above 0.6820 with targets at 0.6930 & 0.6970 in extension. Alternative scenario: Below 0.6820 look for further downside with 0.6790 & 0.6760 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: further advance. Pivot: 1852.00 Our preference: Long positions above 1852.00 with targets at 1876.00 & 1891.00 in extension. Alternative scenario: Below 1852.00 look for further downside with 1840.00 & 1830.00 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: under pressure. Pivot: 133.00 Our preference: Short positions below 133.00 with targets at 131.40 & 130.60 in extension. Alternative scenario: Above 133.00 look for further upside with 133.60 & 134.10 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (G3)‎ Intraday: range. Pivot: 75.00 Our preference: Short positions below 75.00 with targets at 72.40 & 71.50 in extension. Alternative scenario: Above 75.00 look for further upside with 76.40 & 77.40 as targets. Comment: Intraday technical indicators lack momentum.

2023-01-06 04:25

GBP/USD Intraday: the downside prevails. Pivot: 1.1980 Our preference: Short positions below 1.1980 with targets at 1.1850 & 1.1790 in extension. Alternative scenario: Above 1.1980 look for further upside with 1.2030 & 1.2080 as targets. Comment: The RSI advocates for further downside. EUR/USD Intraday: under pressure. Pivot: 1.0570 Our preference: Short positions below 1.0570 with targets at 1.0490 & 1.0450 in extension. Alternative scenario: Above 1.0570 look for further upside with 1.0600 & 1.0630 as targets. Comment: The RSI calls for a new downleg. AUD/USD Intraday: key resistance at 0.6800. Pivot: 0.6800 Our preference: Short positions below 0.6800 with targets at 0.6730 & 0.6690 in extension. Alternative scenario: Above 0.6800 look for further upside with 0.6840 & 0.6885 as targets. Comment: As long as 0.6800 is resistance, look for choppy price action with a bearish bias. Gold Intraday: key resistance at 1843.00. Pivot: 1843.00 Our preference: Short positions below 1843.00 with targets at 1824.00 & 1817.00 in extension. Alternative scenario: Above 1843.00 look for further upside with 1850.00 & 1859.00 as targets. Comment: As long as the resistance at 1843.00 is not surpassed, the risk of the break below 1824.00 remains high. USD/JPY Intraday: bullish bias above 132.30. Pivot: 132.30 Our preference: Long positions above 132.30 with targets at 134.05 & 134.60 in extension. Alternative scenario: Below 132.30 look for further downside with 131.70 & 131.20 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (G3)‎ Intraday: range. Pivot: 74.80 Our preference: Short positions below 74.80 with targets at 73.20 & 72.40 in extension. Alternative scenario: Above 74.80 look for further upside with 75.60 & 76.40 as targets. Comment: The RSI is mixed with a bearish bias.

2023-01-05 03:16

GBP/USD Intraday: watch 1.2130. Pivot: 1.2010 Our preference: Long positions above 1.2010 with targets at 1.2100 & 1.2130 in extension. Alternative scenario: Below 1.2010 look for further downside with 1.1970 & 1.1940 as targets. Comment: The RSI advocates for further advance. EUR/USD Intraday: bullish bias above 1.0580. Pivot: 1.0580 Our preference: Long positions above 1.0580 with targets at 1.0625 & 1.0645 in extension. Alternative scenario: Below 1.0580 look for further downside with 1.0560 & 1.0540 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: bullish bias above 0.6800. Pivot: 0.6800 Our preference: Long positions above 0.6800 with targets at 0.6860 & 0.6885 in extension. Alternative scenario: Below 0.6800 look for further downside with 0.6770 & 0.6730 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: intraday support around 1846.00. Pivot: 1846.00 Our preference: Long positions above 1846.00 with targets at 1865.00 & 1874.00 in extension. Alternative scenario: Below 1846.00 look for further downside with 1835.00 & 1827.00 as targets. Comment: A support base at 1846.00 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the upside prevails. Pivot: 131.30 Our preference: Long positions above 131.30 with targets at 132.90 & 133.40 in extension. Alternative scenario: Below 131.30 look for further downside with 130.90 & 130.50 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure. Pivot: 74.30 Our preference: Short positions below 74.30 with targets at 71.90 & 71.20 in extension. Alternative scenario: Above 74.30 look for further upside with 75.60 & 76.60 as targets. Comment: Technically the RSI is below its neutrality area at 50.