2022-12-08 01:26

GBP/USD Intraday: key resistance at 1.2190. Pivot: 1.2190 Our preference: Short positions below 1.2190 with targets at 1.2100 & 1.2070 in extension. Alternative scenario: Above 1.2190 look for further upside with 1.2225 & 1.2270 as targets. Comment: As long as the resistance at 1.2190 is not surpassed, the risk of the break below 1.2100 remains high. EUR/USD Intraday: under pressure. Pivot: 1.0495 Our preference: Short positions below 1.0495 with targets at 1.0445 & 1.0425 in extension. Alternative scenario: Above 1.0495 look for further upside with 1.0515 & 1.0530 as targets. Comment: The break below 1.0495 is a negative signal that has opened a path to 1.0445. AUD/USD Intraday: the downside prevails. Pivot: 0.6720 Our preference: Short positions below 0.6720 with targets at 0.6665 & 0.6635 in extension. Alternative scenario: Above 0.6720 look for further upside with 0.6745 & 0.6775 as targets. Comment: As long as the resistance at 0.6720 is not surpassed, the risk of the break below 0.6665 remains high. Gold Intraday: choppy. Pivot: 1776.00 Our preference: Short positions below 1776.00 with targets at 1765.00 & 1760.00 in extension. Alternative scenario: Above 1776.00 look for further upside with 1781.00 & 1787.00 as targets. Comment: The immediate trend remains down but the momentum is weak. USD/JPY Intraday: bullish bias above 136.40. Pivot: 136.40 Our preference: Long positions above 136.40 with targets at 137.50 & 138.00 in extension. Alternative scenario: Below 136.40 look for further downside with 135.95 & 135.55 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (F3)‎ Intraday: key resistance at 75.50. Pivot: 75.50 Our preference: Short positions below 75.50 with targets at 73.60 & 73.00 in extension. Alternative scenario: Above 75.50 look for further upside with 76.80 & 77.80 as targets. Comment: The RSI is below its neutrality area at 50%

2022-12-06 04:04

EUR/USD Intraday: under pressure. Pivot: 1.0540 Our preference: Short positions below 1.0540 with targets at 1.0455 & 1.0425 in extension. Alternative scenario: Above 1.0540 look for further upside with 1.0565 & 1.0595 as targets. Comment: The break below 1.0540 is a negative signal that has opened a path to 1.0455. Gold Intraday: key resistance at 1780.00. Pivot: 1780.00 Our preference: Short positions below 1780.00 with targets at 1760.00 & 1750.00 in extension. Alternative scenario: Above 1780.00 look for further upside with 1789.00 & 1800.00 as targets. Comment: The RSI shows downside momentum. Crude Oil (WTI)‎ (F3)‎ Intraday: under pressure. Pivot: 78.70 Our preference: Short positions below 78.70 with targets at 76.30 & 75.30 in extension. Alternative scenario: Above 78.70 look for further upside with 79.60 & 81.20 as targets. Comment: The RSI has broken down its 30 level. GBP/USD Intraday: watch 1.2145. Pivot: 1.2255 Our preference: Short positions below 1.2255 with targets at 1.2145 & 1.2105 in extension. Alternative scenario: Above 1.2255 look for further upside with 1.2300 & 1.2345 as targets. Comment: A break below 1.2145 would trigger a drop towards 1.2105. USD/JPY Intraday: the upside prevails. Pivot: 135.90 Our preference: Long positions above 135.90 with targets at 137.00 & 137.50 in extension. Alternative scenario: Below 135.90 look for further downside with 135.45 & 135.00 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: key resistance at 0.6760. Pivot: 0.6760 Our preference: Short positions below 0.6760 with targets at 0.6665 & 0.6635 in extension. Alternative scenario: Above 0.6760 look for further upside with 0.6790 & 0.6820 as targets. Comment: As long as the resistance at 0.6760 is not surpassed, the risk of the break below 0.6665 remains high.

2022-12-05 02:16

EUR/USD Intraday: the upside prevails. Pivot: 1.0505 Our preference: Long positions above 1.0505 with targets at 1.0560 & 1.0590 in extension. Alternative scenario: Below 1.0505 look for further downside with 1.0480 & 1.0450 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: the bias remains bullish. Pivot: 1786.00 Our preference: Long positions above 1786.00 with targets at 1803.00 & 1810.00 in extension. Alternative scenario: Below 1786.00 look for further downside with 1778.00 & 1770.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (F3)‎ Intraday: rebound expected. Pivot: 79.75 Our preference: Long positions above 79.75 with targets at 81.50 & 82.20 in extension. Alternative scenario: Below 79.75 look for further downside with 79.10 & 78.40 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: further advance. Pivot: 1.2230 Our preference: Long positions above 1.2230 with targets at 1.2310 & 1.2350 in extension. Alternative scenario: Below 1.2230 look for further downside with 1.2185 & 1.2135 as targets. Comment: The RSI lacks downward momentum. USD/JPY Intraday: key resistance at 135.00. Pivot: 135.00 Our preference: Short positions below 135.00 with targets at 134.00 & 133.60 in extension. Alternative scenario: Above 135.00 look for further upside with 135.50 & 136.00 as targets. Comment: As long as the resistance at 135.00 is not surpassed, the risk of the break below 134.00 remains high. AUD/USD Intraday: rebound expected. Pivot: 0.6770 Our preference: Long positions above 0.6770 with targets at 0.6815 & 0.6840 in extension. Alternative scenario: Below 0.6770 look for further downside with 0.6750 & 0.6730 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

2022-12-02 02:55

EUR/USD Intraday: further upside. Pivot: 1.0480 Our preference: Long positions above 1.0480 with targets at 1.0560 & 1.0590 in extension. Alternative scenario: Below 1.0480 look for further downside with 1.0450 & 1.0420 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: the upside prevails. Pivot: 1789.00 Our preference: Long positions above 1789.00 with targets at 1811.00 & 1823.00 in extension. Alternative scenario: Below 1789.00 look for further downside with 1782.00 & 1774.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (F3)‎ Intraday: consolidation. Pivot: 82.10 Our preference: Short positions below 82.10 with targets at 80.90 & 80.30 in extension. Alternative scenario: Above 82.10 look for further upside with 82.70 & 83.30 as targets. Comment: As long as 82.10 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: the upside prevails. Pivot: 1.2210 Our preference: Long positions above 1.2210 with targets at 1.2300 & 1.2350 in extension. Alternative scenario: Below 1.2210 look for further downside with 1.2160 & 1.2110 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: under pressure. Pivot: 136.00 Our preference: Short positions below 136.00 with targets at 135.00 & 134.30 in extension. Alternative scenario: Above 136.00 look for further upside with 136.60 & 137.10 as targets. Comment: As long as the resistance at 136.00 is not surpassed, the risk of the break below 135.00 remains high. AUD/USD Intraday: key resistance at 0.6840. Pivot: 0.6840 Our preference: Short positions below 0.6840 with targets at 0.6760 & 0.6740 in extension. Alternative scenario: Above 0.6840 look for further upside with 0.6860 & 0.6880 as targets. Comment: The RSI advocates for further downside.

2022-12-01 04:45

EUR/USD Intraday: watch 1.0470. Pivot: 1.0370 Our preference: Long positions above 1.0370 with targets at 1.0440 & 1.0470 in extension. Alternative scenario: Below 1.0370 look for further downside with 1.0340 & 1.0310 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: further advance. Pivot: 1760.00 Our preference: Long positions above 1760.00 with targets at 1777.00 & 1784.00 in extension. Alternative scenario: Below 1760.00 look for further downside with 1754.00 & 1748.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (F3)‎ Intraday: watch 82.00. Pivot: 79.50 Our preference: Long positions above 79.50 with targets at 81.40 & 82.00 in extension. Alternative scenario: Below 79.50 look for further downside with 79.00 & 78.40 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: further upside. Pivot: 1.2020 Our preference: Long positions above 1.2020 with targets at 1.2100 & 1.2130 in extension. Alternative scenario: Below 1.2020 look for further downside with 1.1990 & 1.1960 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: under pressure. Pivot: 138.10 Our preference: Short positions below 138.10 with targets at 136.90 & 136.50 in extension. Alternative scenario: Above 138.10 look for further upside with 138.50 & 138.90 as targets. Comment: The immediate trend remains down and the momentum is strong. AUD/USD Intraday: further upside. Pivot: 0.6750 Our preference: Long positions above 0.6750 with targets at 0.6820 & 0.6850 in extension. Alternative scenario: Below 0.6750 look for further downside with 0.6725 & 0.6700 as targets. Comment: The RSI is bullish and calls for further advance.

2022-11-30 03:34

EUR/USD Intraday: under pressure. Pivot: 1.0360 Our preference: Short positions below 1.0360 with targets at 1.0300 & 1.0270 in extension. Alternative scenario: Above 1.0360 look for further upside with 1.0380 & 1.0395 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: watch 1733.00. Pivot: 1759.00 Our preference: Short positions below 1759.00 with targets at 1739.00 & 1733.00 in extension. Alternative scenario: Above 1759.00 look for further upside with 1764.00 & 1770.00 as targets. Comment: As long as the resistance at 1759.00 is not surpassed, the risk of the break below 1739.00 remains high. Crude Oil (WTI)‎ (F3)‎ Intraday: bullish bias above 77.70. Pivot: 77.70 Our preference: Long positions above 77.70 with targets at 79.70 & 80.40 in extension. Alternative scenario: Below 77.70 look for further downside with 77.10 & 76.40 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: the downside prevails. Pivot: 1.2000 Our preference: Short positions below 1.2000 with targets at 1.1910 & 1.1880 in extension. Alternative scenario: Above 1.2000 look for further upside with 1.2030 & 1.2060 as targets. Comment: The RSI advocates for further decline. USD/JPY Intraday: towards 139.35. Pivot: 138.20 Our preference: Long positions above 138.20 with targets at 139.00 & 139.35 in extension. Alternative scenario: Below 138.20 look for further downside with 137.90 & 137.50 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: watch 0.6620. Pivot: 0.6710 Our preference: Short positions below 0.6710 with targets at 0.6640 & 0.6620 in extension. Alternative scenario: Above 0.6710 look for further upside with 0.6730 & 0.6750 as targets. Comment: The RSI is bearish and calls for further downside.