2023-01-04 03:13

GBP/USD Intraday: the downside prevails. Pivot: 1.2030 Our preference: Short positions below 1.2030 with targets at 1.1900 & 1.1860 in extension. Alternative scenario: Above 1.2030 look for further upside with 1.2060 & 1.2100 as targets. Comment: As long as the resistance at 1.2030 is not surpassed, the risk of the break below 1.1900 remains high. EUR/USD Intraday: under pressure. Pivot: 1.0590 Our preference: Short positions below 1.0590 with targets at 1.0510 & 1.0480 in extension. Alternative scenario: Above 1.0590 look for further upside with 1.0615 & 1.0640 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: the downside prevails. Pivot: 0.6760 Our preference: Short positions below 0.6760 with targets at 0.6685 & 0.6660 in extension. Alternative scenario: Above 0.6760 look for further upside with 0.6780 & 0.6800 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: consolidation in place. Pivot: 1848.00 Our preference: Short positions below 1848.00 with targets at 1827.00 & 1817.00 in extension. Alternative scenario: Above 1848.00 look for further upside with 1857.00 & 1865.00 as targets. Comment: As long as 1848.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure. Pivot: 78.00 Our preference: Short positions below 78.00 with targets at 75.80 & 75.20 in extension. Alternative scenario: Above 78.00 look for further upside with 79.00 & 79.80 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: continuation of the rebound. Pivot: 130.60 Our preference: Long positions above 130.60 with targets at 131.80 & 132.30 in extension. Alternative scenario: Below 130.60 look for further downside with 130.30 & 130.00 as targets. Comment: The RSI shows upside momentum.

2022-12-30 02:53

GBP/USD Intraday: the bias remains bullish. Pivot: 1.2030 Our preference: Long positions above 1.2030 with targets at 1.2080 & 1.2100 in extension. Alternative scenario: Below 1.2030 look for further downside with 1.2015 & 1.2000 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: bullish bias above 1.0635. Pivot: 1.0635 Our preference: Long positions above 1.0635 with targets at 1.0690 & 1.0705 in extension. Alternative scenario: Below 1.0635 look for further downside with 1.0620 & 1.0605 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6735 Our preference: Long positions above 0.6735 with targets at 0.6785 & 0.6800 in extension. Alternative scenario: Below 0.6735 look for further downside with 0.6710 & 0.6690 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: bullish bias above 1806.00. Pivot: 1806.00 Our preference: Long positions above 1806.00 with targets at 1820.00 & 1826.00 in extension. Alternative scenario: Below 1806.00 look for further downside with 1801.00 & 1796.00 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the downside prevails. Pivot: 133.50 Our preference: Short positions below 133.50 with targets at 132.40 & 132.10 in extension. Alternative scenario: Above 133.50 look for further upside with 133.90 & 134.30 as targets. Comment: The RSI lacks upward momentum. Crude Oil (WTI)‎ (G3)‎ Intraday: bullish bias above 77.50. Pivot: 77.50 Our preference: Long positions above 77.50 with targets at 79.10 & 79.70 in extension. Alternative scenario: Below 77.50 look for further downside with 76.80 & 76.00 as targets. Comment: The RSI calls for a rebound.

2022-12-28 02:11

GBP/USD Intraday: under pressure. Pivot: 1.2050 Our preference: Short positions below 1.2050 with targets at 1.2000 & 1.1980 in extension. Alternative scenario: Above 1.2050 look for further upside with 1.2080 & 1.2110 as targets. Comment: As long as the resistance at 1.2050 is not surpassed, the risk of the break below 1.2000 remains high. EUR/USD Intraday: under pressure. Pivot: 1.0670 Our preference: Short positions below 1.0670 with targets at 1.0610 & 1.0590 in extension. Alternative scenario: Above 1.0670 look for further upside with 1.0690 & 1.0710 as targets. Comment: The RSI shows downside momentum. AUD/USD Intraday: the downside prevails. Pivot: 0.6760 Our preference: Short positions below 0.6760 with targets at 0.6705 & 0.6685 in extension. Alternative scenario: Above 0.6760 look for further upside with 0.6775 & 0.6790 as targets. Comment: The RSI calls for a drop. Gold Intraday: bullish bias above 1802.00. Pivot: 1802.00 Our preference: Long positions above 1802.00 with targets at 1824.00 & 1833.00 in extension. Alternative scenario: Below 1802.00 look for further downside with 1793.00 & 1784.00 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: target 134.00. Pivot: 133.20 Our preference: Long positions above 133.20 with targets at 133.80 & 134.00 in extension. Alternative scenario: Below 133.20 look for further downside with 133.00 & 132.70 as targets. Comment: The RSI advocates for further upside. Crude Oil (WTI)‎ (G3)‎ Intraday: watch 78.60. Pivot: 80.50 Our preference: Short positions below 80.50 with targets at 79.20 & 78.60 in extension. Alternative scenario: Above 80.50 look for further upside with 81.10 & 81.80 as targets. Comment: As long as the resistance at 80.50 is not surpassed, the risk of the break below 79.20 remains high.

2022-12-27 03:38

GBP/USD Intraday: further upside. Pivot: 1.2050 Our preference: Long positions above 1.2050 with targets at 1.2100 & 1.2125 in extension. Alternative scenario: Below 1.2050 look for further downside with 1.2025 & 1.2000 as targets. Comment: The RSI calls for a new upleg. EUR/USD Intraday: further advance. Pivot: 1.0620 Our preference: Long positions above 1.0620 with targets at 1.0655 & 1.0670 in extension. Alternative scenario: Below 1.0620 look for further downside with 1.0605 & 1.0590 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: the upside prevails. Pivot: 0.6715 Our preference: Long positions above 0.6715 with targets at 0.6765 & 0.6780 in extension. Alternative scenario: Below 0.6715 look for further downside with 0.6700 & 0.6685 as targets. Comment: The RSI advocates for further upside. Gold Intraday: bullish bias above 1791.00. Pivot: 1791.00 Our preference: Long positions above 1791.00 with targets at 1808.00 & 1815.00 in extension. Alternative scenario: Below 1791.00 look for further downside with 1783.00 & 1777.00 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: turning down. Pivot: 133.00 Our preference: Short positions below 133.00 with targets at 132.40 & 132.20 in extension. Alternative scenario: Above 133.00 look for further upside with 133.20 & 133.40 as targets. Comment: The RSI calls for a new downleg. Crude Oil (WTI)‎ (G3)‎ Intraday: further upside. Pivot: 79.00 Our preference: Long positions above 79.00 with targets at 81.60 & 82.80 in extension. Alternative scenario: Below 79.00 look for further downside with 78.00 & 77.00 as targets. Comment: The RSI shows upside momentum.

2022-12-20 03:43

GBP/USD Intraday: under pressure. Pivot: 1.2200 Our preference: Short positions below 1.2200 with targets at 1.2115 & 1.2080 in extension. Alternative scenario: Above 1.2200 look for further upside with 1.2245 & 1.2290 as targets. Comment: The RSI lacks upward momentum. EUR/USD Intraday: key resistance at 1.0630. Pivot: 1.0630 Our preference: Short positions below 1.0630 with targets at 1.0575 & 1.0550 in extension. Alternative scenario: Above 1.0630 look for further upside with 1.0660 & 1.0690 as targets. Comment: As long as the resistance at 1.0630 is not surpassed, the risk of the break below 1.0575 remains high. AUD/USD Intraday: turning down. Pivot: 0.6730 Our preference: Short positions below 0.6730 with targets at 0.6675 & 0.6650 in extension. Alternative scenario: Above 0.6730 look for further upside with 0.6755 & 0.6780 as targets. Comment: The RSI lacks upward momentum. Gold Intraday: towards 1778.00. Pivot: 1794.00 Our preference: Short positions below 1794.00 with targets at 1783.00 & 1778.00 in extension. Alternative scenario: Above 1794.00 look for further upside with 1799.00 & 1804.00 as targets. Comment: The RSI advocates for further decline. USD/JPY Intraday: further advance. Pivot: 136.50 Our preference: Long positions above 136.50 with targets at 137.45 & 137.90 in extension. Alternative scenario: Below 136.50 look for further downside with 136.10 & 135.70 as targets. Comment: The RSI calls for a new upleg. Crude Oil (WTI)‎ (G3)‎ Intraday: expect 77.20. Pivot: 74.60 Our preference: Long positions above 74.60 with targets at 76.60 & 77.20 in extension. Alternative scenario: Below 74.60 look for further downside with 74.00 & 73.40 as targets. Comment: The RSI calls for a bounce.

2022-12-16 03:23

GBP/USD Intraday: key resistance at 1.2240. Pivot: 1.2240 Our preference: Short positions below 1.2240 with targets at 1.2150 & 1.2120 in extension. Alternative scenario: Above 1.2240 look for further upside with 1.2290 & 1.2340 as targets. Comment: As long as the resistance at 1.2240 is not surpassed, the risk of the break below 1.2150 remains high. EUR/USD Intraday: key resistance at 1.0660. Pivot: 1.0660 Our preference: Short positions below 1.0660 with targets at 1.0590 & 1.0570 in extension. Alternative scenario: Above 1.0660 look for further upside with 1.0685 & 1.0710 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0660. AUD/USD Intraday: watch 0.6675. Pivot: 0.6750 Our preference: Short positions below 0.6750 with targets at 0.6675 & 0.6650 in extension. Alternative scenario: Above 0.6750 look for further upside with 0.6785 & 0.6820 as targets. Comment: A break below 0.6675 would trigger a drop towards 0.6650. Gold Intraday: under pressure. Pivot: 1790.00 Our preference: Short positions below 1790.00 with targets at 1766.00 & 1758.00 in extension. Alternative scenario: Above 1790.00 look for further upside with 1800.00 & 1808.00 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: the upside prevails. Pivot: 137.10 Our preference: Long positions above 137.10 with targets at 138.20 & 138.60 in extension. Alternative scenario: Below 137.10 look for further downside with 136.70 & 136.30 as targets. Comment: The RSI lacks downward momentum. Crude Oil (WTI)‎ (F3)‎ Intraday: the downside prevails. Pivot: 77.10 Our preference: Short positions below 77.10 with targets at 75.40 & 74.50 in extension. Alternative scenario: Above 77.10 look for further upside with 77.80 & 78.70 as targets. Comment: The RSI is below its neutrality area at 50%