2022-11-09 01:33

EUR/USD Intraday: the upside prevails. Pivot: 1.0010 Our preference: Long positions above 1.0010 with targets at 1.0120 & 1.0160 in extension. Alternative scenario: Below 1.0010 look for further downside with 0.9970 & 0.9920 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: bullish bias above 1690.00. Pivot: 1690.00 Our preference: Long positions above 1690.00 with targets at 1731.00 & 1745.00 in extension. Alternative scenario: Below 1690.00 look for further downside with 1682.00 & 1672.00 as targets. Comment: The RSI shows upside momentum. Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 90.30. Pivot: 90.30 Our preference: Short positions below 90.30 with targets at 87.60 & 86.60 in extension. Alternative scenario: Above 90.30 look for further upside with 91.00 & 91.70 as targets. Comment: The break below 90.30 is a negative signal that has opened a path to 87.60. GBP/USD Intraday: further advance. Pivot: 1.1480 Our preference: Long positions above 1.1480 with targets at 1.1600 & 1.1650 in extension. Alternative scenario: Below 1.1480 look for further downside with 1.1430 & 1.1380 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: the downside prevails. Pivot: 146.10 Our preference: Short positions below 146.10 with targets at 144.90 & 144.50 in extension. Alternative scenario: Above 146.10 look for further upside with 146.50 & 146.90 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6460 Our preference: Long positions above 0.6460 with targets at 0.6535 & 0.6560 in extension. Alternative scenario: Below 0.6460 look for further downside with 0.6440 & 0.6405 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

2022-11-08 01:51

EUR/USD Intraday: the upside prevails. Pivot: 0.9965 Our preference: Long positions above 0.9965 with targets at 1.0050 & 1.0080 in extension. Alternative scenario: Below 0.9965 look for further downside with 0.9930 & 0.9900 as targets. Comment: The RSI advocates for further advance. Gold Intraday: bullish bias above 1664.00. Pivot: 1664.00 Our preference: Long positions above 1664.00 with targets at 1682.00 & 1690.00 in extension. Alternative scenario: Below 1664.00 look for further downside with 1653.00 & 1643.00 as targets. Comment: The immediate trend remains up but the momentum is weak. Crude Oil (WTI)‎ (Z2)‎ Intraday: intraday support around 91.55. Pivot: 91.55 Our preference: Long positions above 91.55 with targets at 92.80 & 93.70 in extension. Alternative scenario: Below 91.55 look for further downside with 91.10 & 90.40 as targets. Comment: A support base at 91.55 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: further upside. Pivot: 1.1440 Our preference: Long positions above 1.1440 with targets at 1.1560 & 1.1610 in extension. Alternative scenario: Below 1.1440 look for further downside with 1.1390 & 1.1340 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: watch 145.90. Pivot: 147.20 Our preference: Short positions below 147.20 with targets at 146.20 & 145.90 in extension. Alternative scenario: Above 147.20 look for further upside with 147.55 & 147.90 as targets. Comment: As long as 147.20 is resistance, look for choppy price action with a bearish bias. AUD/USD Intraday: bullish bias above 0.6440. Pivot: 0.6440 Our preference: Long positions above 0.6440 with targets at 0.6500 & 0.6520 in extension. Alternative scenario: Below 0.6440 look for further downside with 0.6420 & 0.6400 as targets. Comment: The RSI calls for a bounce.

2022-11-07 04:05

EUR/USD Intraday: further advance. Pivot: 0.9870 Our preference: Long positions above 0.9870 with targets at 0.9965 & 1.0000 in extension. Alternative scenario: Below 0.9870 look for further downside with 0.9840 & 0.9810 as targets. Comment: The RSI is bullish and calls for further upside. Gold Intraday: bullish bias above 1664.00. Pivot: 1664.00 Our preference: Long positions above 1664.00 with targets at 1685.00 & 1695.00 in extension. Alternative scenario: Below 1664.00 look for further downside with 1653.00 & 1643.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: consolidation in place. Pivot: 92.00 Our preference: Short positions below 92.00 with targets at 89.80 & 88.80 in extension. Alternative scenario: Above 92.00 look for further upside with 92.85 & 94.10 as targets. Comment: As long as 92.00 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: bullish bias above 1.1260. Pivot: 1.1260 Our preference: Long positions above 1.1260 with targets at 1.1380 & 1.1420 in extension. Alternative scenario: Below 1.1260 look for further downside with 1.1230 & 1.1200 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: under pressure. Pivot: 147.60 Our preference: Short positions below 147.60 with targets at 146.50 & 146.10 in extension. Alternative scenario: Above 147.60 look for further upside with 148.00 & 148.40 as targets. Comment: The RSI advocates for further decline. AUD/USD Intraday: the upside prevails. Pivot: 0.6380 Our preference: Long positions above 0.6380 with targets at 0.6480 & 0.6510 in extension. Alternative scenario: Below 0.6380 look for further downside with 0.6350 & 0.6320 as targets. Comment: The RSI is bullish and calls for further advance.

2022-11-04 08:18

EUR/USD Intraday: under pressure. Pivot: 0.9790 Our preference: Short positions below 0.9790 with targets at 0.9720 & 0.9690 in extension. Alternative scenario: Above 0.9790 look for further upside with 0.9820 & 0.9850 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: continuation of the rebound. Pivot: 1617.00 Our preference: Long positions above 1617.00 with targets at 1636.00 & 1645.00 in extension. Alternative scenario: Below 1617.00 look for further downside with 1609.00 & 1600.00 as targets. Comment: The RSI calls for a bounce. Crude Oil (WTI)‎ (Z2)‎ Intraday: the downside prevails. Pivot: 88.70 Our preference: Short positions below 88.70 with targets at 87.20 & 86.70 in extension. Alternative scenario: Above 88.70 look for further upside with 89.20 & 89.70 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: the downside prevails. Pivot: 1.1250 Our preference: Short positions below 1.1250 with targets at 1.1120 & 1.1060 in extension. Alternative scenario: Above 1.1250 look for further upside with 1.1310 & 1.1370 as targets. Comment: The RSI calls for a new downleg. USD/JPY Intraday: 149.00 in sight. Pivot: 147.70 Our preference: Long positions above 147.70 with targets at 148.70 & 149.00 in extension. Alternative scenario: Below 147.70 look for further downside with 147.40 & 147.10 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: watch 0.6240. Pivot: 0.6325 Our preference: Short positions below 0.6325 with targets at 0.6260 & 0.6240 in extension. Alternative scenario: Above 0.6325 look for further upside with 0.6350 & 0.6370 as targets. Comment: The upward potential is likely to be limited by the resistance at 0.6325.

2022-11-03 04:56

EUR/USD Intraday: under pressure. Pivot: 0.9870 Our preference: Short positions below 0.9870 with targets at 0.9780 & 0.9740 in extension. Alternative scenario: Above 0.9870 look for further upside with 0.9910 & 0.9950 as targets. Comment: The RSI is bearish and calls for further downside. Gold Intraday: under pressure. Pivot: 1642.00 Our preference: Short positions below 1642.00 with targets at 1627.00 & 1617.00 in extension. Alternative scenario: Above 1642.00 look for further upside with 1655.00 & 1657.00 as targets. Comment: The RSI advocates for further downside. Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 89.75. Pivot: 89.75 Our preference: Short positions below 89.75 with targets at 88.20 & 87.60 in extension. Alternative scenario: Above 89.75 look for further upside with 90.25 & 91.25 as targets. Comment: As long as 89.75 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: the downside prevails. Pivot: 1.1450 Our preference: Short positions below 1.1450 with targets at 1.1330 & 1.1280 in extension. Alternative scenario: Above 1.1450 look for further upside with 1.1490 & 1.1540 as targets. Comment: The RSI advocates for further decline. USD/JPY Intraday: watch 148.85. Pivot: 147.10 Our preference: Long positions above 147.10 with targets at 148.40 & 148.85 in extension. Alternative scenario: Below 147.10 look for further downside with 146.60 & 146.10 as targets. Comment: The RSI advocates for further upside. AUD/USD Intraday: towards 0.6260. Pivot: 0.6400 Our preference: Short positions below 0.6400 with targets at 0.6300 & 0.6260 in extension. Alternative scenario: Above 0.6400 look for further upside with 0.6430 & 0.6470 as targets. Comment: The RSI is bearish and calls for further decline.

2022-11-02 08:52

EUR/USD Intraday: the downside prevails. Pivot: 0.9900 Our preference: Short positions below 0.9900 with targets at 0.9850 & 0.9830 in extension. Alternative scenario: Above 0.9900 look for further upside with 0.9920 & 0.9940 as targets. Comment: As long as the resistance at 0.9900 is not surpassed, the risk of the break below 0.9850 remains high. Gold Intraday: bullish bias above 1640.00. Pivot: 1640.00 Our preference: Long positions above 1640.00 with targets at 1655.00 & 1661.00 in extension. Alternative scenario: Below 1640.00 look for further downside with 1631.00 & 1624.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: intraday support around 87.60. Pivot: 87.60 Our preference: Long positions above 87.60 with targets at 89.45 & 90.40 in extension. Alternative scenario: Below 87.60 look for further downside with 87.00 & 86.40 as targets. Comment: The next resistances are at 89.45 and then at 90.40. GBP/USD Intraday: watch 1.1435. Pivot: 1.1520 Our preference: Short positions below 1.1520 with targets at 1.1460 & 1.1435 in extension. Alternative scenario: Above 1.1520 look for further upside with 1.1540 & 1.1565 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.1520. USD/JPY Intraday: bullish bias above 147.50. Pivot: 147.50 Our preference: Long positions above 147.50 with targets at 148.40 & 148.80 in extension. Alternative scenario: Below 147.50 look for further downside with 147.25 & 147.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. AUD/USD Intraday: under pressure. Pivot: 0.6420 Our preference: Short positions below 0.6420 with targets at 0.6365 & 0.6340 in extension. Alternative scenario: Above 0.6420 look for further upside with 0.6440 & 0.6460 as targets. Comment: The RSI calls for a new downleg.