2022-11-29 03:43

EUR/USD Intraday: under pressure. Pivot: 1.0400 Our preference: Short positions below 1.0400 with targets at 1.0320 & 1.0280 in extension. Alternative scenario: Above 1.0400 look for further upside with 1.0430 & 1.0460 as targets. Comment: The RSI advocates for further decline. Gold Intraday: the downside prevails. Pivot: 1753.00 Our preference: Short positions below 1753.00 with targets at 1733.00 & 1727.00 in extension. Alternative scenario: Above 1753.00 look for further upside with 1758.00 & 1763.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (F3)‎ Intraday: bullish bias above 75.20. Pivot: 75.20 Our preference: Long positions above 75.20 with targets at 77.80 & 78.70 in extension. Alternative scenario: Below 75.20 look for further downside with 74.40 & 73.60 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: 1.1900 in sight. Pivot: 1.2010 Our preference: Short positions below 1.2010 with targets at 1.1935 & 1.1900 in extension. Alternative scenario: Above 1.2010 look for further upside with 1.2040 & 1.2080 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: the bias remains bullish. Pivot: 138.20 Our preference: Long positions above 138.20 with targets at 139.00 & 139.40 in extension. Alternative scenario: Below 138.20 look for further downside with 137.90 & 137.50 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: the downside prevails. Pivot: 0.6680 Our preference: Short positions below 0.6680 with targets at 0.6640 & 0.6620 in extension. Alternative scenario: Above 0.6680 look for further upside with 0.6700 & 0.6720 as targets. Comment: As long as the resistance at 0.6680 is not surpassed, the risk of the break below 0.6640 remains high.

2022-11-28 05:30

EUR/USD Intraday: the downside prevails. Pivot: 1.0400 Our preference: Short positions below 1.0400 with targets at 1.0350 & 1.0320 in extension. Alternative scenario: Above 1.0400 look for further upside with 1.0425 & 1.0450 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: watch 1740.00. Pivot: 1758.00 Our preference: Short positions below 1758.00 with targets at 1745.00 & 1740.00 in extension. Alternative scenario: Above 1758.00 look for further upside with 1765.00 & 1771.00 as targets. Comment: As long as the resistance at 1758.00 is not surpassed, the risk of the break below 1745.00 remains high. Crude Oil (WTI)‎ (F3)‎ Intraday: the downside prevails. Pivot: 77.50 Our preference: Short positions below 77.50 with targets at 75.30 & 74.10 in extension. Alternative scenario: Above 77.50 look for further upside with 78.30 & 79.10 as targets. Comment: The RSI advocates for further decline. GBP/USD Intraday: towards 1.2000 Pivot: 1.2100 Our preference: Short positions below 1.2100 with targets at 1.2030 & 1.2000 in extension. Alternative scenario: Above 1.2100 look for further upside with 1.2125 & 1.2150 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: further advance. Pivot: 138.95 Our preference: Long positions above 138.95 with targets at 139.60 & 140.00 in extension. Alternative scenario: Below 138.95 look for further downside with 138.70 & 138.40 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: watch 0.6680. Pivot: 0.6740 Our preference: Short positions below 0.6740 with targets at 0.6700 & 0.6680 in extension. Alternative scenario: Above 0.6740 look for further upside with 0.6760 & 0.6780 as targets. Comment: The upward potential is likely to be limited by the resistance at 0.6740.

2022-11-25 04:07

EUR/USD Intraday: towards 1.0360. Pivot: 1.0430 Our preference: Short positions below 1.0430 with targets at 1.0380 & 1.0360 in extension. Alternative scenario: Above 1.0430 look for further upside with 1.0450 & 1.0470 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.0430. Gold Intraday: the bias remains bullish. Pivot: 1748.00 Our preference: Long positions above 1748.00 with targets at 1761.00 & 1767.00 in extension. Alternative scenario: Below 1748.00 look for further downside with 1740.00 & 1732.00 as targets. Comment: Intraday technical indicators lack momentum. Crude Oil (WTI)‎ (F3)‎ Intraday: choppy. Pivot: 78.90 Our preference: Short positions below 78.90 with targets at 76.80 & 76.25 in extension. Alternative scenario: Above 78.90 look for further upside with 79.90 & 80.60 as targets. Comment: As long as 78.90 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: consolidation. Pivot: 1.2150 Our preference: Short positions below 1.2150 with targets at 1.2080 & 1.2060 in extension. Alternative scenario: Above 1.2150 look for further upside with 1.2175 & 1.2200 as targets. Comment: As long as 1.2150 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: continuation of the rebound. Pivot: 138.30 Our preference: Long positions above 138.30 with targets at 139.05 & 139.40 in extension. Alternative scenario: Below 138.30 look for further downside with 138.05 & 137.80 as targets. Comment: The RSI shows upside momentum. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6730 Our preference: Long positions above 0.6730 with targets at 0.6780 & 0.6800 in extension. Alternative scenario: Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

2022-11-24 01:54

EUR/USD Intraday: the upside prevails. Pivot: 1.0370 Our preference: Long positions above 1.0370 with targets at 1.0440 & 1.0480 in extension. Alternative scenario: Below 1.0370 look for further downside with 1.0345 & 1.0320 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: further advance. Pivot: 1740.00 Our preference: Long positions above 1740.00 with targets at 1758.00 & 1767.00 in extension. Alternative scenario: Below 1740.00 look for further downside with 1732.00 & 1725.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (F3)‎ Intraday: under pressure. Pivot: 79.10 Our preference: Short positions below 79.10 with targets at 76.25 & 75.30 in extension. Alternative scenario: Above 79.10 look for further upside with 80.60 & 81.70 as targets. Comment: The RSI shows downside momentum. GBP/USD Intraday: further advance. Pivot: 1.2015 Our preference: Long positions above 1.2015 with targets at 1.2100 & 1.2140 in extension. Alternative scenario: Below 1.2015 look for further downside with 1.1980 & 1.1950 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: watch 138.60. Pivot: 139.90 Our preference: Short positions below 139.90 with targets at 138.90 & 138.60 in extension. Alternative scenario: Above 139.90 look for further upside with 140.30 & 140.70 as targets. Comment: The RSI advocates for further decline. AUD/USD Intraday: towards 0.6790. Pivot: 0.6700 Our preference: Long positions above 0.6700 with targets at 0.6760 & 0.6790 in extension. Alternative scenario: Below 0.6700 look for further downside with 0.6680 & 0.6660 as targets. Comment: The RSI is bullish and calls for further advance.

2022-11-23 03:03

EUR/USD Intraday: further advance. Pivot: 1.0285 Our preference: Long positions above 1.0285 with targets at 1.0350 & 1.0385 in extension. Alternative scenario: Below 1.0285 look for further downside with 1.0260 & 1.0245 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: key resistance at 1745.00. Pivot: 1745.00 Our preference: Short positions below 1745.00 with targets at 1735.00 & 1731.00 in extension. Alternative scenario: Above 1745.00 look for further upside with 1749.00 & 1753.00 as targets. Comment: A break below 1735.00 would trigger a drop towards 1731.00. Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 80.50. Pivot: 80.50 Our preference: Long positions above 80.50 with targets at 82.40 & 83.10 in extension. Alternative scenario: Below 80.50 look for further downside with 79.70 & 78.40 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: further upside. Pivot: 1.1860 Our preference: Long positions above 1.1860 with targets at 1.1935 & 1.1960 in extension. Alternative scenario: Below 1.1860 look for further downside with 1.1840 & 1.1825 as targets. Comment: Technically the RSI is above its neutrality area at 50. USD/JPY Intraday: the downside prevails. Pivot: 141.55 Our preference: Short positions below 141.55 with targets at 140.70 & 140.40 in extension. Alternative scenario: Above 141.55 look for further upside with 141.80 & 142.00 as targets. Comment: The RSI calls for a drop. AUD/USD Intraday: further upside. Pivot: 0.6625 Our preference: Long positions above 0.6625 with targets at 0.6665 & 0.6685 in extension. Alternative scenario: Below 0.6625 look for further downside with 0.6600 & 0.6585 as targets. Comment: The RSI is bullish and calls for further upside.

2022-11-22 10:43

EUR/USD Intraday: under pressure. Pivot: 1.0260 Our preference: Short positions below 1.0260 with targets at 1.0220 & 1.0200 in extension. Alternative scenario: Above 1.0260 look for further upside with 1.0280 & 1.0305 as targets. Comment: As long as the resistance at 1.0260 is not surpassed, the risk of the break below 1.0220 remains high. Gold Intraday: watch 1731.00. Pivot: 1746.00 Our preference: Short positions below 1746.00 with targets at 1731.00 & 1725.00 in extension. Alternative scenario: Above 1746.00 look for further upside with 1753.00 & 1760.00 as targets. Comment: A break below 1731.00 would trigger a drop towards 1725.00. Crude Oil (WTI)‎ (F3)‎ Intraday: expect 82.40. Pivot: 78.70 Our preference: Long positions above 78.70 with targets at 81.20 & 82.40 in extension. Alternative scenario: Below 78.70 look for further downside with 77.60 & 75.20 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: rebound expected. Pivot: 1.1780 Our preference: Long positions above 1.1780 with targets at 1.1840 & 1.1865 in extension. Alternative scenario: Below 1.1780 look for further downside with 1.1760 & 1.1740 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. USD/JPY Intraday: further advance. Pivot: 141.40 Our preference: Long positions above 141.40 with targets at 142.60 & 143.00 in extension. Alternative scenario: Below 141.40 look for further downside with 141.00 & 140.60 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: rebound expected. Pivot: 0.6595 Our preference: Long positions above 0.6595 with targets at 0.6630 & 0.6650 in extension. Alternative scenario: Below 0.6595 look for further downside with 0.6580 & 0.6565 as targets. Comment: The RSI calls for a rebound.