2023-10-19 06:18

Gold Intraday: the bias remains bullish. Pivot: 1938.00 Our preference: Long positions above 1938.00 with targets at 1962.00 & 1969.00 in extension. Alternative scenario: Below 1938.00 look for further downside with 1931.00 & 1924.00 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is turning up. Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 87.75. Pivot: 87.75 Our preference: Short positions below 87.75 with targets at 86.70 & 86.25 in extension. Alternative scenario: Above 87.75 look for further upside with 88.55 & 89.00 as targets. Comment: As long as 87.75 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: the downside prevails. Pivot: 1.0555 Our preference: Short positions below 1.0555 with targets at 1.0520 & 1.0505 in extension. Alternative scenario: Above 1.0555 look for further upside with 1.0570 & 1.0585 as targets. Comment: The RSI calls for a new downleg. GBP/USD Intraday: under pressure. Pivot: 1.2170 Our preference: Short positions below 1.2170 with targets at 1.2120 & 1.2100 in extension. Alternative scenario: Above 1.2170 look for further upside with 1.2190 & 1.2210 as targets. Comment: The RSI advocates for further decline. AUD/USD Intraday: the downside prevails. Pivot: 0.6360 Our preference: Short positions below 0.6360 with targets at 0.6300 & 0.6285 in extension. Alternative scenario: Above 0.6360 look for further upside with 0.6375 & 0.6390 as targets. Comment: The RSI is bearish and calls for further downside. USD/JPY Intraday: bullish bias above 149.60. Pivot: 149.60 Our preference: Long positions above 149.60 with targets at 150.00 & 150.15 in extension. Alternative scenario: Below 149.60 look for further downside with 149.45 & 149.30 as targets. Comment: Technically the RSI is above its neutrality area at 50.

2023-10-17 02:16

Crude Oil (WTI)‎ (X3)‎ Intraday: consolidation in place. Pivot: 87.50 Our preference: Short positions below 87.50 with targets at 86.30 & 85.65 in extension. Alternative scenario: Above 87.50 look for further upside with 88.30 & 89.00 as targets. Comment: Technically the RSI is below its neutrality area at 50. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0530 Our preference: Long positions above 1.0530 with targets at 1.0565 & 1.0580 in extension. Alternative scenario: Below 1.0530 look for further downside with 1.0515 & 1.0495 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: watch 1.2250. Pivot: 1.2180 Our preference: Long positions above 1.2180 with targets at 1.2230 & 1.2250 in extension. Alternative scenario: Below 1.2180 look for further downside with 1.2160 & 1.2140 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: towards 0.6365. Pivot: 0.6315 Our preference: Long positions above 0.6315 with targets at 0.6350 & 0.6365 in extension. Alternative scenario: Below 0.6315 look for further downside with 0.6300 & 0.6285 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: bullish bias above 149.35. Pivot: 149.35 Our preference: Long positions above 149.35 with targets at 149.75 & 149.90 in extension. Alternative scenario: Below 149.35 look for further downside with 149.20 & 149.05 as targets. Comment: The RSI calls for a bounce. Gold Intraday: intraday support around 1907.00. Pivot: 1907.00 Our preference: Long positions above 1907.00 with targets at 1932.00 & 1940.00 in extension. Alternative scenario: Below 1907.00 look for further downside with 1896.00 & 1887.00 as targets. Comment: A support base at 1907.00 has formed and has allowed for a temporary stabilisation.

2023-10-16 04:47

Crude Oil (WTI)‎ (X3)‎ Intraday: intraday support around 86.80. Pivot: 86.80 Our preference: Long positions above 86.80 with targets at 88.30 & 89.00 in extension. Alternative scenario: Below 86.80 look for further downside with 85.75 & 85.10 as targets. Comment: The next resistances are at 88.30 and then at 89.00. Gold Intraday: further upside. Pivot: 1918.00 Our preference: Long positions above 1918.00 with targets at 1945.00 & 1954.00 in extension. Alternative scenario: Below 1918.00 look for further downside with 1905.00 & 1896.00 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: watch 1.0555. Pivot: 1.0495 Our preference: Long positions above 1.0495 with targets at 1.0540 & 1.0555 in extension. Alternative scenario: Below 1.0495 look for further downside with 1.0480 & 1.0465 as targets. Comment: The RSI calls for a rebound. GBP/USD Intraday: bullish bias above 1.2120. Pivot: 1.2120 Our preference: Long positions above 1.2120 with targets at 1.2170 & 1.2190 in extension. Alternative scenario: Below 1.2120 look for further downside with 1.2100 & 1.2080 as targets. Comment: A support base at 1.2120 has formed and has allowed for a temporary stabilisation. AUD/USD Intraday: expect 0.6335. Pivot: 0.6285 Our preference: Long positions above 0.6285 with targets at 0.6320 & 0.6335 in extension. Alternative scenario: Below 0.6285 look for further downside with 0.6270 & 0.6255 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: consolidation in place. Pivot: 149.80 Our preference: Short positions below 149.80 with targets at 149.40 & 149.20 in extension. Alternative scenario: Above 149.80 look for further upside with 150.00 & 150.20 as targets. Comment: As long as 149.80 is resistance, look for choppy price action with a bearish bias.

2023-10-13 01:51

Crude Oil (WTI)‎ (X3)‎ Intraday: watch 82.30. Pivot: 84.10 Our preference: Short positions below 84.10 with targets at 82.80 & 82.30 in extension. Alternative scenario: Above 84.10 look for further upside with 84.60 & 85.20 as targets. Comment: The RSI advocates for further decline. EUR/USD Intraday: under pressure. Pivot: 1.0565 Our preference: Short positions below 1.0565 with targets at 1.0510 & 1.0490 in extension. Alternative scenario: Above 1.0565 look for further upside with 1.0590 & 1.0615 as targets. Comment: As long as the resistance at 1.0565 is not surpassed, the risk of the break below 1.0510 remains high. GBP/USD Intraday: watch 1.2155. Pivot: 1.2230 Our preference: Short positions below 1.2230 with targets at 1.2155 & 1.2120 in extension. Alternative scenario: Above 1.2230 look for further upside with 1.2265 & 1.2300 as targets. Comment: A break below 1.2155 would trigger a drop towards 1.2120. AUD/USD Intraday: the downside prevails. Pivot: 0.6370 Our preference: Short positions below 0.6370 with targets at 0.6285 & 0.6255 in extension. Alternative scenario: Above 0.6370 look for further upside with 0.6400 & 0.6430 as targets. Comment: The RSI has broken down its 30 level. USD/JPY Intraday: the upside prevails. Pivot: 149.30 Our preference: Long positions above 149.30 with targets at 150.00 & 150.30 in extension. Alternative scenario: Below 149.30 look for further downside with 149.00 & 148.65 as targets. Comment: The break above 149.30 is a positive signal that has opened a path to 150.00. Gold Intraday: watch 1861.00. Pivot: 1878.00 Our preference: Short positions below 1878.00 with targets at 1866.00 & 1861.00 in extension. Alternative scenario: Above 1878.00 look for further upside with 1884.00 & 1890.00 as targets. Comment: The RSI advocates for further downside.

2023-10-12 03:41

Crude Oil (WTI)‎ (X3)‎ Intraday: aim @ 81.50. Pivot: 84.40 Our preference: Short positions below 84.40 with targets at 82.15 & 81.50 in extension. Alternative scenario: Above 84.40 look for further upside with 85.30 & 86.00 as targets. Comment: The RSI is bearish and calls for further downside. EUR/USD Intraday: bullish bias above 1.0590. Pivot: 1.0590 Our preference: Long positions above 1.0590 with targets at 1.0645 & 1.0665 in extension. Alternative scenario: Below 1.0590 look for further downside with 1.0570 & 1.0555 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: the upside prevails. Pivot: 1.2285 Our preference: Long positions above 1.2285 with targets at 1.2335 & 1.2355 in extension. Alternative scenario: Below 1.2285 look for further downside with 1.2265 & 1.2250 as targets. Comment: The RSI calls for a new upleg. AUD/USD Intraday: towards 0.6445. Pivot: 0.6400 Our preference: Long positions above 0.6400 with targets at 0.6430 & 0.6445 in extension. Alternative scenario: Below 0.6400 look for further downside with 0.6385 & 0.6370 as targets. Comment: The RSI calls for a rebound. USD/JPY Intraday: bullish bias above 148.80. Pivot: 148.80 Our preference: Long positions above 148.80 with targets at 149.30 & 149.50 in extension. Alternative scenario: Below 148.80 look for further downside with 148.60 & 148.40 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: the upside prevails. Pivot: 1867.00 Our preference: Long positions above 1867.00 with targets at 1879.00 & 1885.00 in extension. Alternative scenario: Below 1867.00 look for further downside with 1862.00 & 1858.00 as targets. Comment: The RSI is bullish and calls for further advance.

2023-10-11 07:27

Crude Oil (WTI)‎ (X3)‎ Intraday: intraday support around 85.35. Pivot: 85.35 Our preference: Long positions above 85.35 with targets at 86.75 & 87.25 in extension. Alternative scenario: Below 85.35 look for further downside with 84.85 & 84.20 as targets. Comment: The RSI lacks downward momentum. EUR/USD Intraday: further advance. Pivot: 1.0580 Our preference: Long positions above 1.0580 with targets at 1.0620 & 1.0635 in extension. Alternative scenario: Below 1.0580 look for further downside with 1.0565 & 1.0550 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: the upside prevails. Pivot: 1.2260 Our preference: Long positions above 1.2260 with targets at 1.2310 & 1.2330 in extension. Alternative scenario: Below 1.2260 look for further downside with 1.2235 & 1.2215 as targets. Comment: The RSI shows upside momentum. AUD/USD Intraday: further upside. Pivot: 0.6405 Our preference: Long positions above 0.6405 with targets at 0.6455 & 0.6470 in extension. Alternative scenario: Below 0.6405 look for further downside with 0.6390 & 0.6375 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: watch 148.15. Pivot: 148.90 Our preference: Short positions below 148.90 with targets at 148.35 & 148.15 in extension. Alternative scenario: Above 148.90 look for further upside with 149.10 & 149.25 as targets. Comment: The RSI is bearish and calls for further decline. Gold Intraday: bullish bias above 1852.00. Pivot: 1852.00 Our preference: Long positions above 1852.00 with targets at 1865.00 & 1873.00 in extension. Alternative scenario: Below 1852.00 look for further downside with 1844.00 & 1837.00 as targets. Comment: The RSI calls for a bounce.