2022-11-21 02:13

EUR/USD Intraday: the downside prevails. Pivot: 1.0355 Our preference: Short positions below 1.0355 with targets at 1.0300 & 1.0285 in extension. Alternative scenario: Above 1.0355 look for further upside with 1.0375 & 1.0395 as targets. Comment: Technically the RSI is below its neutrality area at 50. Gold Intraday: key resistance at 1760.00. Pivot: 1760.00 Our preference: Short positions below 1760.00 with targets at 1742.00 & 1736.00 in extension. Alternative scenario: Above 1760.00 look for further upside with 1766.00 & 1772.00 as targets. Comment: As long as the resistance at 1760.00 is not surpassed, the risk of the break below 1742.00 Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 78.40. Pivot: 78.40 Our preference: Long positions above 78.40 with targets at 81.30 & 82.40 in extension. Alternative scenario: Below 78.40 look for further downside with 77.60 & 76.80 as targets. Comment: The next resistances are at 81.30 and then at 82.40. GBP/USD Intraday: bullish bias above 1.1855. Pivot: 1.1855 Our preference: Long positions above 1.1855 with targets at 1.1925 & 1.1950 in extension. Alternative scenario: Below 1.1855 look for further downside with 1.1820 & 1.1785 as targets. Comment: A support base at 1.1855 has formed and has allowed for a temporary stabilisation. USD/JPY Intraday: the upside prevails. Pivot: 139.95 Our preference: Long positions above 139.95 with targets at 140.75 & 141.10 in extension. Alternative scenario: Below 139.95 look for further downside with 139.65 & 139.35 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: key resistance at 0.6700. Pivot: 0.6700 Our preference: Short positions below 0.6700 with targets at 0.6650 & 0.6635 in extension. Alternative scenario: Above 0.6700 look for further upside with 0.6730 & 0.6750 as targets. Comment: As long as the resistance at 0.6700 is not surpassed, the risk of the break below 0.6650 remains high.

2022-11-17 03:00

EUR/USD Intraday: bullish bias above 1.0360. Pivot: 1.0360 Our preference: Long positions above 1.0360 with targets at 1.0420 & 1.0440 in extension. Alternative scenario: Below 1.0360 look for further downside with 1.0340 & 1.0320 as targets. Comment: The RSI calls for a bounce. Gold Intraday: range. Pivot: 1766.00 Our preference: Long positions above 1766.00 with targets at 1786.00 & 1795.00 in extension. Alternative scenario: Below 1766.00 look for further downside with 1758.00 & 1752.00 as targets. Comment: Intraday technical indicators lack momentum. Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 86.10. Pivot: 86.10 Our preference: Short positions below 86.10 with targets at 84.05 & 83.10 in extension. Alternative scenario: Above 86.10 look for further upside with 86.70 & 87.50 as targets. Comment: As long as the resistance at 86.10 is not surpassed, the risk of the break below 84.05 remains high. GBP/USD Intraday: towards 1.1980. Pivot: 1.1865 Our preference: Long positions above 1.1865 with targets at 1.1940 & 1.1980 in extension. Alternative scenario: Below 1.1865 look for further downside with 1.1830 & 1.1800 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: key resistance at 140.00. Pivot: 140.00 Our preference: Short positions below 140.00 with targets at 139.00 & 138.70 in extension. Alternative scenario: Above 140.00 look for further upside with 140.30 & 140.60 as targets. Comment: As long as the resistance at 140.00 is not surpassed, the risk of the break below 139.00 remains high. AUD/USD Intraday: expect 0.6690. Pivot: 0.6770 Our preference: Short positions below 0.6770 with targets at 0.6710 & 0.6690 in extension. Alternative scenario: Above 0.6770 look for further upside with 0.6790 & 0.6810 as targets. Comment: The RSI is bearish and calls for further downside.

2022-11-16 03:47

EUR/USD Intraday: bullish bias above 1.0300. Pivot: 1.0300 Our preference: Long positions above 1.0300 with targets at 1.0380 & 1.0410 in extension. Alternative scenario: Below 1.0300 look for further downside with 1.0270 & 1.0250 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: bullish bias above 1766.00. Pivot: 1766.00 Our preference: Long positions above 1766.00 with targets at 1787.00 & 1795.00 in extension. Alternative scenario: Below 1766.00 look for further downside with 1758.00 & 1752.00 as targets. Comment: The immediate trend remains up but the momentum is weak. Crude Oil (WTI)‎ (Z2)‎ Intraday: look for 89.00. Pivot: 86.30 Our preference: Long positions above 86.30 with targets at 88.10 & 89.00 in extension. Alternative scenario: Below 86.30 look for further downside with 85.40 & 84.65 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: watch 1.1940. Pivot: 1.1820 Our preference: Long positions above 1.1820 with targets at 1.1910 & 1.1940 in extension. Alternative scenario: Below 1.1820 look for further downside with 1.1790 & 1.1750 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the downside prevails. Pivot: 139.50 Our preference: Short positions below 139.50 with targets at 138.45 & 138.10 in extension. Alternative scenario: Above 139.50 look for further upside with 140.00 & 140.60 as targets. Comment: The RSI is bearish and calls for further downside. AUD/USD Intraday: further advance. Pivot: 0.6720 Our preference: Long positions above 0.6720 with targets at 0.6790 & 0.6820 in extension. Alternative scenario: Below 0.6720 look for further downside with 0.6690 & 0.6660 as targets. Comment: The RSI advocates for further upside.

2022-11-15 06:29

EUR/USD Intraday: watch 1.0270. Pivot: 1.0360 Our preference: Short positions below 1.0360 with targets at 1.0290 & 1.0270 in extension. Alternative scenario: Above 1.0360 look for further upside with 1.0380 & 1.0400 as targets. Comment: As long as 1.0360 is resistance, look for choppy price action with a bearish bias. Gold Intraday: target 1795.00. Pivot: 1759.00 Our preference: Long positions above 1759.00 with targets at 1784.00 & 1795.00 in extension. Alternative scenario: Below 1759.00 look for further downside with 1752.00 & 1742.00 as targets. Comment: The RSI is bullish and calls for further advance. Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 86.70. Pivot: 86.70 Our preference: Short positions below 86.70 with targets at 84.30 & 83.60 in extension. Alternative scenario: Above 86.70 look for further upside with 87.50 & 88.40 as targets. Comment: The RSI has broken down its 30 level. GBP/USD Intraday: target 1.1680. Pivot: 1.1800 Our preference: Short positions below 1.1800 with targets at 1.1710 & 1.1680 in extension. Alternative scenario: Above 1.1800 look for further upside with 1.1830 & 1.1855 as targets. Comment: As long as the resistance at 1.1800 is not surpassed, the risk of the break below 1.1710 remains high. USD/JPY Intraday: the bias remains bullish. Pivot: 139.30 Our preference: Long positions above 139.30 with targets at 140.70 & 141.10 in extension. Alternative scenario: Below 139.30 look for further downside with 138.90 & 138.45 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: consolidation. Pivot: 0.6725 Our preference: Short positions below 0.6725 with targets at 0.6675 & 0.6660 in extension. Alternative scenario: Above 0.6725 look for further upside with 0.6740 & 0.6760 as targets. Comment: The RSI is mixed with a bearish bias.

2022-11-14 04:25

EUR/USD Intraday: the bias remains bullish. Pivot: 1.0265 Our preference: Long positions above 1.0265 with targets at 1.0370 & 1.0400 in extension. Alternative scenario: Below 1.0265 look for further downside with 1.0230 & 1.0200 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: bullish bias above 1753.00. Pivot: 1753.00 Our preference: Long positions above 1753.00 with targets at 1775.00 & 1784.00 in extension. Alternative scenario: Below 1753.00 look for further downside with 1743.00 & 1731.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (Z2)‎ Intraday: intraday support around 87.95. Pivot: 87.95 Our preference: Long positions above 87.95 with targets at 90.10 & 90.90 in extension. Alternative scenario: Below 87.95 look for further downside with 87.30 & 86.50 as targets. Comment: Technically the RSI is above its neutrality area at 50. GBP/USD Intraday: bullish bias above 1.1740. Pivot: 1.1740 Our preference: Long positions above 1.1740 with targets at 1.1855 & 1.1900 in extension. Alternative scenario: Below 1.1740 look for further downside with 1.1700 & 1.1660 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: rebound expected. Pivot: 138.45 Our preference: Long positions above 138.45 with targets at 140.10 & 140.90 in extension. Alternative scenario: Below 138.45 look for further downside with 137.70 & 137.00 as targets. Comment: The RSI calls for a rebound. AUD/USD Intraday: expect 0.6750. Pivot: 0.6640 Our preference: Long positions above 0.6640 with targets at 0.6720 & 0.6750 in extension. Alternative scenario: Below 0.6640 look for further downside with 0.6600 & 0.6560 as targets. Comment: The RSI calls for a bounce.

2022-11-10 02:16

EUR/USD Intraday: watch 0.9960. Pivot: 1.0050 Our preference: Short positions below 1.0050 with targets at 0.9980 & 0.9960 in extension. Alternative scenario: Above 1.0050 look for further upside with 1.0070 & 1.0095 as targets. Comment: The RSI advocates for further downside. Gold Intraday: consolidation in place. Pivot: 1722.00 Our preference: Short positions below 1722.00 with targets at 1695.00 & 1682.00 in extension. Alternative scenario: Above 1722.00 look for further upside with 1734.00 & 1745.00 as targets. Comment: As long as 1722.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: the downside prevails. Pivot: 87.80 Our preference: Short positions below 87.80 with targets at 84.30 & 83.20 in extension. Alternative scenario: Above 87.80 look for further upside with 88.80 & 89.70 as targets. Comment: The RSI shows downside momentum. GBP/USD Intraday: under pressure. Pivot: 1.1440 Our preference: Short positions below 1.1440 with targets at 1.1320 & 1.1260 in extension. Alternative scenario: Above 1.1440 look for further upside with 1.1500 & 1.1560 as targets. Comment: The RSI is bearish and calls for further decline. USD/JPY Intraday: continuation of the rebound. Pivot: 145.90 Our preference: Long positions above 145.90 with targets at 146.90 & 147.20 in extension. Alternative scenario: Below 145.90 look for further downside with 145.60 & 145.20 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: expect 0.6370. Pivot: 0.6465 Our preference: Short positions below 0.6465 with targets at 0.6400 & 0.6370 in extension. Alternative scenario: Above 0.6465 look for further upside with 0.6495 & 0.6520 as targets. Comment: The RSI calls for a new downleg.