2022-12-15 04:19

GBP/USD Intraday: bullish bias above 1.2370. Pivot: 1.2370 Our preference: Long positions above 1.2370 with targets at 1.2460 & 1.2490 in extension. Alternative scenario: Below 1.2370 look for further downside with 1.2340 & 1.2310 as targets. Comment: A support base at 1.2370 has formed and has allowed for a temporary stabilisation. EUR/USD Intraday: the upside prevails. Pivot: 1.0635 Our preference: Long positions above 1.0635 with targets at 1.0700 & 1.0725 in extension. Alternative scenario: Below 1.0635 look for further downside with 1.0610 & 1.0585 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: bullish bias above 0.6820. Pivot: 0.6820 Our preference: Long positions above 0.6820 with targets at 0.6895 & 0.6920 in extension. Alternative scenario: Below 0.6820 look for further downside with 0.6790 & 0.6760 as targets. Comment: A support base at 0.6820 has formed and has allowed for a temporary stabilisation. Gold Intraday: key resistance at 1814.00. Pivot: 1814.00 Our preference: Short positions below 1814.00 with targets at 1800.00 & 1795.00 in extension. Alternative scenario: Above 1814.00 look for further upside with 1819.00 & 1824.00 as targets. Comment: As long as the resistance at 1814.00 is not surpassed, the risk of the break below 1800.00 remains high. USD/JPY Intraday: key resistance at 135.90. Pivot: 135.90 Our preference: Short positions below 135.90 with targets at 134.70 & 134.30 in extension. Alternative scenario: Above 135.90 look for further upside with 136.40 & 136.85 as targets. Comment: The upward potential is likely to be limited by the resistance at 135.90. Crude Oil (WTI)‎ (F3)‎ Intraday: the bias remains bullish. Pivot: 76.35 Our preference: Long positions above 76.35 with targets at 78.70 & 79.60 in extension. Alternative scenario: Below 76.35 look for further downside with 75.00 & 73.40 as targets. Comment: The RSI shows upside momentum.

2022-12-14 04:37

GBP/USD Intraday: bullish bias above 1.2300. Pivot: 1.2300 Our preference: Long positions above 1.2300 with targets at 1.2400 & 1.2440 in extension. Alternative scenario: Below 1.2300 look for further downside with 1.2270 & 1.2240 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0580 Our preference: Long positions above 1.0580 with targets at 1.0655 & 1.0675 in extension. Alternative scenario: Below 1.0580 look for further downside with 1.0550 & 1.0525 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: consolidation. Pivot: 0.6820 Our preference: Long positions above 0.6820 with targets at 0.6870 & 0.6895 in extension. Alternative scenario: Below 0.6820 look for further downside with 0.6790 & 0.6760 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: the bias remains bullish. Pivot: 1800.00 Our preference: Long positions above 1800.00 with targets at 1816.00 & 1824.00 in extension. Alternative scenario: Below 1800.00 look for further downside with 1795.00 & 1788.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 74.00. Pivot: 74.00 Our preference: Long positions above 74.00 with targets at 76.40 & 77.80 in extension. Alternative scenario: Below 74.00 look for further downside with 72.80 & 72.10 as targets. Comment: The next resistances are at 76.40 and then at 77.80. USD/JPY Intraday: key resistance at 136.40. Pivot: 136.40 Our preference: Short positions below 136.40 with targets at 134.80 & 134.40 in extension. Alternative scenario: Above 136.40 look for further upside with 136.85 & 137.35 as targets. Comment: As long as the resistance at 136.40 is not surpassed, the risk of the break below 134.80 remains high.

2022-12-13 03:29

GBP/USD Intraday: bullish bias above 1.2235. Pivot: 1.2235 Our preference: Long positions above 1.2235 with targets at 1.2300 & 1.2325 in extension. Alternative scenario: Below 1.2235 look for further downside with 1.2205 & 1.2180 as targets. Comment: A support base at 1.2235 has formed and has allowed for a temporary stabilisation. EUR/USD Intraday: key resistance at 1.0555. Pivot: 1.0555 Our preference: Short positions below 1.0555 with targets at 1.0505 & 1.0490 in extension. Alternative scenario: Above 1.0555 look for further upside with 1.0575 & 1.0590 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0555. AUD/USD Intraday: key resistance at 0.6775. Pivot: 0.6775 Our preference: Short positions below 0.6775 with targets at 0.6725 & 0.6705 in extension. Alternative scenario: Above 0.6775 look for further upside with 0.6795 & 0.6815 as targets. Comment: As long as the resistance at 0.6775 is not surpassed, the risk of the break below 0.6725 remains high. Gold Intraday: the downside prevails. Pivot: 1789.00 Our preference: Short positions below 1789.00 with targets at 1775.00 & 1770.00 in extension. Alternative scenario: Above 1789.00 look for further upside with 1795.00 & 1800.00 as targets. Comment: Technically the RSI is below its neutrality area at 50. USD/JPY Intraday: the upside prevails. Pivot: 137.10 Our preference: Long positions above 137.10 with targets at 138.00 & 138.30 in extension. Alternative scenario: Below 137.10 look for further downside with 136.65 & 136.30 as targets. Comment: Technically the RSI is above its neutrality area at 50. Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 72.25. Pivot: 72.25 Our preference: Long positions above 72.25 with targets at 74.20 & 75.40 in extension. Alternative scenario: Below 72.25 look for further downside with 71.10 & 70.25 as targets. Comment: The next resistances are at 74.20 and then at 75.40.

2022-12-13 01:59

GBP/USD Intraday: the downside prevails. Pivot: 1.2290 Our preference: Short positions below 1.2290 with targets at 1.2215 & 1.2180 in extension. Alternative scenario: Above 1.2290 look for further upside with 1.2320 & 1.2350 as targets. Comment: The RSI calls for a new downleg. EUR/USD Intraday: watch 1.0510. Pivot: 1.0560 Our preference: Short positions below 1.0560 with targets at 1.0510 & 1.0485 in extension. Alternative scenario: Above 1.0560 look for further upside with 1.0585 & 1.0610 as targets. Comment: A break below 1.0510 would trigger a drop towards 1.0485. AUD/USD Intraday: bullish bias above 0.6765. Pivot: 0.6765 Our preference: Long positions above 0.6765 with targets at 0.6810 & 0.6830 in extension. Alternative scenario: Below 0.6765 look for further downside with 0.6745 & 0.6725 as targets. Comment: A support base at 0.6765 has formed and has allowed for a temporary stabilisation. Gold Intraday: bullish bias above 1789.00. Pivot: 1789.00 Our preference: Long positions above 1789.00 with targets at 1805.00 & 1810.00 in extension. Alternative scenario: Below 1789.00 look for further downside with 1784.00 & 1780.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: rebound. Pivot: 136.20 Our preference: Long positions above 136.20 with targets at 137.20 & 137.50 in extension. Alternative scenario: Below 136.20 look for further downside with 135.90 & 135.55 as targets. Comment: The RSI calls for a rebound. Crude Oil (WTI)‎ (F3)‎ Intraday: consolidation in place. Pivot: 72.90 Our preference: Short positions below 72.90 with targets at 71.05 & 70.00 in extension. Alternative scenario: Above 72.90 look for further upside with 74.20 & 75.45 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

2022-12-09 03:00

GBP/USD Intraday: target 1.2270. Pivot: 1.2200 Our preference: Long positions above 1.2200 with targets at 1.2250 & 1.2270 in extension. Alternative scenario: Below 1.2200 look for further downside with 1.2175 & 1.2150 as targets. Comment: Technically the RSI is above its neutrality area at 50. EUR/USD Intraday: the upside prevails. Pivot: 1.0520 Our preference: Long positions above 1.0520 with targets at 1.0575 & 1.0595 in extension. Alternative scenario: Below 1.0520 look for further downside with 1.0490 & 1.0465 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: further advance. Pivot: 0.6740 Our preference: Long positions above 0.6740 with targets at 0.6790 & 0.6815 in extension. Alternative scenario: Below 0.6740 look for further downside with 0.6710 & 0.6690 as targets. Comment: The RSI advocates for further advance. Gold Intraday: bullish bias above 1780.00. Pivot: 1780.00 Our preference: Long positions above 1780.00 with targets at 1795.00 & 1803.00 in extension. Alternative scenario: Below 1780.00 look for further downside with 1775.00 & 1769.00 as targets. Comment: The RSI is mixed with a bullish bias. USD/JPY Intraday: key resistance at 136.85. Pivot: 136.85 Our preference: Short positions below 136.85 with targets at 136.25 & 135.95 in extension. Alternative scenario: Above 136.85 look for further upside with 137.20 & 137.50 as targets. Comment: The upward potential is likely to be limited by the resistance at 136.85. Crude Oil (WTI)‎ (F3)‎ Intraday: aim @ 70.00. Pivot: 73.20 Our preference: Short positions below 73.20 with targets at 71.20 & 70.00 in extension. Alternative scenario: Above 73.20 look for further upside with 74.20 & 75.45 as targets. Comment: Technically the RSI is below its neutrality area at 50.

2022-12-08 04:38

GBP/USD Intraday: continuation of the rebound. Pivot: 1.2160 Our preference: Long positions above 1.2160 with targets at 1.2235 & 1.2270 in extension. Alternative scenario: Below 1.2160 look for further downside with 1.2125 & 1.2100 as targets. Comment: The RSI lacks downward momentum. EUR/USD Intraday: bullish bias above 1.0485. Pivot: 1.0485 Our preference: Long positions above 1.0485 with targets at 1.0530 & 1.0550 in extension. Alternative scenario: Below 1.0485 look for further downside with 1.0465 & 1.0440 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: continuation of the rebound. Pivot: 0.6690 Our preference: Long positions above 0.6690 with targets at 0.6745 & 0.6775 in extension. Alternative scenario: Below 0.6690 look for further downside with 0.6665 & 0.6635 as targets. Comment: The break above 0.6690 is a positive signal that has opened a path to 0.6745. Gold Intraday: continuation of the rebound. Pivot: 1776.00 Our preference: Long positions above 1776.00 with targets at 1798.00 & 1803.00 in extension. Alternative scenario: Below 1776.00 look for further downside with 1769.00 & 1764.00 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: key resistance at 137.00. Pivot: 137.00 Our preference: Short positions below 137.00 with targets at 135.95 & 135.55 in extension. Alternative scenario: Above 137.00 look for further upside with 137.40 & 137.85 as targets. Comment: As long as 137.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (F3)‎ Intraday: key resistance at 73.50. Pivot: 73.50 Our preference: Short positions below 73.50 with targets at 71.20 & 70.00 in extension. Alternative scenario: Above 73.50 look for further upside with 75.30 & 76.80 as targets. Comment: The RSI is below its neutrality area at 50%