2022-11-01 02:26

EUR/USD Intraday: the downside prevails. Pivot: 0.9915 Our preference: Short positions below 0.9915 with targets at 0.9865 & 0.9850 in extension. Alternative scenario: Above 0.9915 look for further upside with 0.9930 & 0.9945 as targets. Comment: The RSI advocates for further downside. Gold Intraday: expect 1618.00. Pivot: 1642.00 Our preference: Short positions below 1642.00 with targets at 1624.00 & 1618.00 in extension. Alternative scenario: Above 1642.00 look for further upside with 1647.00 & 1653.00 as targets. Comment: The RSI is bearish and calls for further downside. Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 87.60. Pivot: 87.60 Our preference: Short positions below 87.60 with targets at 85.30 & 84.20 in extension. Alternative scenario: Above 87.60 look for further upside with 88.70 & 89.80 as targets. Comment: The RSI is mixed to bearish. GBP/USD Intraday: watch 1.1400. Pivot: 1.1520 Our preference: Short positions below 1.1520 with targets at 1.1430 & 1.1400 in extension. Alternative scenario: Above 1.1520 look for further upside with 1.1550 & 1.1580 as targets. Comment: The RSI is bearish and calls for further decline. USD/JPY Intraday: bullish bias above 148.10. Pivot: 148.10 Our preference: Long positions above 148.10 with targets at 149.00 & 149.40 in extension. Alternative scenario: Below 148.10 look for further downside with 147.70 & 147.30 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. AUD/USD Intraday: rebound expected. Pivot: 0.6385 Our preference: Long positions above 0.6385 with targets at 0.6425 & 0.6445 in extension. Alternative scenario: Below 0.6385 look for further downside with 0.6365 & 0.6345 as targets. Comment: The RSI shows upside momentum.

2022-10-31 04:14

EUR/USD Intraday: bullish bias above 0.9925. Pivot: 0.9925 Our preference: Long positions above 0.9925 with targets at 0.9980 & 1.0000 in extension. Alternative scenario: Below 0.9925 look for further downside with 0.9910 & 0.9890 as targets. Comment: A support base at 0.9925 has formed and has allowed for a temporary stabilisation. Gold Intraday: key resistance at 1653.00. Pivot: 1653.00 Our preference: Short positions below 1653.00 with targets at 1637.00 & 1630.00 in extension. Alternative scenario: Above 1653.00 look for further upside with 1660.00 & 1669.00 as targets. Comment: As long as the resistance at 1653.00 is not surpassed, the risk of the break below 1637.00 remains high. Crude Oil (WTI)‎ (Z2)‎ Intraday: consolidation. Pivot: 88.70 Our preference: Short positions below 88.70 with targets at 87.40 & 86.60 in extension. Alternative scenario: Above 88.70 look for further upside with 89.80 & 90.50 as targets. Comment: As long as 88.70 is resistance, look for choppy price action with a bearish bias. GBP/USD Intraday: towards 1.1645. Pivot: 1.1555 Our preference: Long positions above 1.1555 with targets at 1.1620 & 1.1645 in extension. Alternative scenario: Below 1.1555 look for further downside with 1.1530 & 1.1500 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the upside prevails. Pivot: 147.10 Our preference: Long positions above 147.10 with targets at 148.00 & 148.30 in extension. Alternative scenario: Below 147.10 look for further downside with 146.80 & 146.50 as targets. Comment: The RSI is bullish and calls for further advance. AUD/USD Intraday: the bias remains bullish. Pivot: 0.6385 Our preference: Long positions above 0.6385 with targets at 0.6430 & 0.6445 in extension. Alternative scenario: Below 0.6385 look for further downside with 0.6370 & 0.6350 as targets. Comment: A support base at 0.6385 has formed and has allowed for a temporary stabilisation.

2022-10-28 02:05

EUR/USD Intraday: watch 0.9910. Pivot: 1.0010 Our preference: Short positions below 1.0010 with targets at 0.9940 & 0.9910 in extension. Alternative scenario: Above 1.0010 look for further upside with 1.0040 & 1.0070 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: consolidation. Pivot: 1669.00 Our preference: Short positions below 1669.00 with targets at 1655.00 & 1649.00 in extension. Alternative scenario: Above 1669.00 look for further upside with 1675.00 & 1680.00 as targets. Comment: As long as 1669.00 is resistance, look for choppy price action with a bearish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: intraday support around 88.10. Pivot: 88.10 Our preference: Long positions above 88.10 with targets at 89.80 & 90.50 in extension. Alternative scenario: Below 88.10 look for further downside with 87.40 & 86.60 as targets. Comment: The RSI is mixed and calls for caution. GBP/USD Intraday: consolidation. Pivot: 1.1620 Our preference: Short positions below 1.1620 with targets at 1.1530 & 1.1500 in extension. Alternative scenario: Above 1.1620 look for further upside with 1.1645 & 1.1670 as targets. Comment: As long as 1.1620 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: bullish bias above 145.60. Pivot: 145.60 Our preference: Long positions above 145.60 with targets at 146.85 & 147.30 in extension. Alternative scenario: Below 145.60 look for further downside with 145.10 & 144.60 as targets. Comment: The RSI calls for a bounce. AUD/USD Intraday: towards 0.6410. Pivot: 0.6485 Our preference: Short positions below 0.6485 with targets at 0.6430 & 0.6410 in extension. Alternative scenario: Above 0.6485 look for further upside with 0.6500 & 0.6520 as targets. Comment: The upward potential is likely to be limited by the resistance at 0.6485.

2022-10-27 07:28

EUR/USD Intraday: the upside prevails. Pivot: 1.0030 Our preference: Long positions above 1.0030 with targets at 1.0110 & 1.0150 in extension. Alternative scenario: Below 1.0030 look for further downside with 1.0000 & 0.9970 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: bullish bias above 1657.00. Pivot: 1657.00 Our preference: Long positions above 1657.00 with targets at 1674.00 & 1680.00 in extension. Alternative scenario: Below 1657.00 look for further downside with 1649.00 & 1643.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: aim @ 90.10. Pivot: 87.10 Our preference: Long positions above 87.10 with targets at 89.30 & 90.10 in extension. Alternative scenario: Below 87.10 look for further downside with 85.90 & 85.00 as targets. Comment: The RSI shows upside momentum. GBP/USD Intraday: further advance. Pivot: 1.1540 Our preference: Long positions above 1.1540 with targets at 1.1680 & 1.1730 in extension. Alternative scenario: Below 1.1540 look for further downside with 1.1500 & 1.1450 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: the downside prevails. Pivot: 147.00 Our preference: Short positions below 147.00 with targets at 145.60 & 145.20 in extension. Alternative scenario: Above 147.00 look for further upside with 147.50 & 147.90 as targets. Comment: The RSI advocates for further decline. AUD/USD Intraday: towards 0.6540. Pivot: 0.6450 Our preference: Long positions above 0.6450 with targets at 0.6510 & 0.6540 in extension. Alternative scenario: Below 0.6450 look for further downside with 0.6420 & 0.6390 as targets. Comment: The RSI calls for a bounce.

2022-10-26 06:12

EUR/USD Intraday: further upside. Pivot: 0.9910 Our preference: Long positions above 0.9910 with targets at 0.9990 & 1.0020 in extension. Alternative scenario: Below 0.9910 look for further downside with 0.9880 & 0.9850 as targets. Comment: The RSI is bullish and calls for further advance. Gold Intraday: bullish bias above 1644.00. Pivot: 1644.00 Our preference: Long positions above 1644.00 with targets at 1662.00 & 1670.00 in extension. Alternative scenario: Below 1644.00 look for further downside with 1634.00 & 1624.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (Z2)‎ Intraday: range. Pivot: 84.30 Our preference: Long positions above 84.30 with targets at 85.55 & 86.00 in extension. Alternative scenario: Below 84.30 look for further downside with 83.60 & 83.10 as targets. Comment: Intraday technical indicators are mixed. GBP/USD Intraday: watch 1.1550. Pivot: 1.1400 Our preference: Long positions above 1.1400 with targets at 1.1500 & 1.1550 in extension. Alternative scenario: Below 1.1400 look for further downside with 1.1350 & 1.1300 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: towards 147.00. Pivot: 148.60 Our preference: Short positions below 148.60 with targets at 147.50 & 147.00 in extension. Alternative scenario: Above 148.60 look for further upside with 149.00 & 149.40 as targets. Comment: As long as the resistance at 148.60 is not surpassed, the risk of the break below 147.50 remains high. AUD/USD Intraday: bullish bias above 0.6340. Pivot: 0.6340 Our preference: Long positions above 0.6340 with targets at 0.6410 & 0.6430 in extension. Alternative scenario: Below 0.6340 look for further downside with 0.6320 & 0.6300 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.