2023-10-10 02:26

Crude Oil (WTI)‎ (X3)‎ Intraday: intraday support around 85.15. Pivot: 85.15 Our preference: Long positions above 85.15 with targets at 87.25 & 88.20 in extension. Alternative scenario: Below 85.15 look for further downside with 84.20 & 83.25 as targets. Comment: The RSI lacks downward momentum. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0540 Our preference: Long positions above 1.0540 with targets at 1.0600 & 1.0620 in extension. Alternative scenario: Below 1.0540 look for further downside with 1.0520 & 1.0500 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: 1.2300 in sight. Pivot: 1.2200 Our preference: Long positions above 1.2200 with targets at 1.2270 & 1.2300 in extension. Alternative scenario: Below 1.2200 look for further downside with 1.2180 & 1.2160 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: further upside. Pivot: 0.6375 Our preference: Long positions above 0.6375 with targets at 0.6435 & 0.6455 in extension. Alternative scenario: Below 0.6375 look for further downside with 0.6360 & 0.6340 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: under pressure. Pivot: 148.80 Our preference: Short positions below 148.80 with targets at 148.15 & 147.90 in extension. Alternative scenario: Above 148.80 look for further upside with 149.05 & 149.25 as targets. Comment: The RSI has broken down its 30 level. Gold Intraday: further advance. Pivot: 1852.00 Our preference: Long positions above 1852.00 with targets at 1867.00 & 1875.00 in extension. Alternative scenario: Below 1852.00 look for further downside with 1843.00 & 1834.00 as targets. Comment: The RSI shows upside momentum.

2023-10-09 02:35

Crude Oil (WTI)‎ (X3)‎ Intraday: the upside prevails. Pivot: 84.60 Our preference: Long positions above 84.60 with targets at 87.70 & 88.75 in extension. Alternative scenario: Below 84.60 look for further downside with 83.25 & 82.10 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0535 Our preference: Long positions above 1.0535 with targets at 1.0580 & 1.0600 in extension. Alternative scenario: Below 1.0535 look for further downside with 1.0505 & 1.0480 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: bullish bias above 1.2190. Pivot: 1.2190 Our preference: Long positions above 1.2190 with targets at 1.2240 & 1.2260 in extension. Alternative scenario: Below 1.2190 look for further downside with 1.2185 & 1.2140 as targets. Comment: The next resistances are at 1.2240 and then at 1.2260. AUD/USD Intraday: choppy. Pivot: 0.6385 Our preference: Short positions below 0.6385 with targets at 0.6345 & 0.6325 in extension. Alternative scenario: Above 0.6385 look for further upside with 0.6400 & 0.6420 as targets. Comment: The RSI is mixed with a bearish bias. USD/JPY Intraday: watch 149.50. Pivot: 148.90 Our preference: Long positions above 148.90 with targets at 149.35 & 149.50 in extension. Alternative scenario: Below 148.90 look for further downside with 148.75 & 148.60 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: further advance. Pivot: 1834.00 Our preference: Long positions above 1834.00 with targets at 1858.00 & 1865.00 in extension. Alternative scenario: Below 1834.00 look for further downside with 1826.00 & 1819.00 as targets. Comment: The RSI is bullish and calls for further upside.

2023-10-06 02:36

Crude Oil (WTI)‎ (X3)‎ Intraday: under pressure. Pivot: 84.15 Our preference: Short positions below 84.15 with targets at 81.40 & 80.60 in extension. Alternative scenario: Above 84.15 look for further upside with 84.90 & 85.80 as targets. Comment: The immediate trend remains down but the momentum is weak. EUR/USD Intraday: the upside prevails. Pivot: 1.0520 Our preference: Long positions above 1.0520 with targets at 1.0560 & 1.0580 in extension. Alternative scenario: Below 1.0520 look for further downside with 1.0500 & 1.0480 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: further advance. Pivot: 1.2150 Our preference: Long positions above 1.2150 with targets at 1.2220 & 1.2250 in extension. Alternative scenario: Below 1.2150 look for further downside with 1.2125 & 1.2105 as targets. Comment: The RSI is bullish and calls for further upside. AUD/USD Intraday: watch 0.6410. Pivot: 0.6345 Our preference: Long positions above 0.6345 with targets at 0.6390 & 0.6410 in extension. Alternative scenario: Below 0.6345 look for further downside with 0.6325 & 0.6305 as targets. Comment: The RSI is bullish and calls for further upside. USD/JPY Intraday: the downside prevails. Pivot: 148.80 Our preference: Short positions below 148.80 with targets at 148.10 & 147.90 in extension. Alternative scenario: Above 148.80 look for further upside with 149.10 & 149.30 as targets. Comment: The RSI calls for a new downleg. Gold Intraday: bounce. Pivot: 1815.00 Our preference: Long positions above 1815.00 with targets at 1828.00 & 1833.00 in extension. Alternative scenario: Below 1815.00 look for further downside with 1810.00 & 1805.00 as targets. Comment: The RSI calls for a bounce.

2023-10-05 02:31

Crude Oil (WTI)‎ (X3)‎ Intraday: the downside prevails. Pivot: 85.50 Our preference: Short positions below 85.50 with targets at 83.50 & 82.45 in extension. Alternative scenario: Above 85.50 look for further upside with 86.90 & 87.80 as targets. Comment: The RSI has broken down its 30 level. EUR/USD Intraday: bullish bias above 1.0480. Pivot: 1.0480 Our preference: Long positions above 1.0480 with targets at 1.0530 & 1.0545 in extension. Alternative scenario: Below 1.0480 look for further downside with 1.0465 & 1.0450 as targets. Comment: The RSI calls for a bounce. GBP/USD Intraday: the bias remains bullish. Pivot: 1.2105 Our preference: Long positions above 1.2105 with targets at 1.2160 & 1.2175 in extension. Alternative scenario: Below 1.2105 look for further downside with 1.2090 & 1.2070 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: bullish bias above 0.6305. Pivot: 0.6305 Our preference: Long positions above 0.6305 with targets at 0.6345 & 0.6365 in extension. Alternative scenario: Below 0.6305 look for further downside with 0.6285 & 0.6270 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: choppy. Pivot: 149.30 Our preference: Short positions below 149.30 with targets at 148.70 & 148.50 in extension. Alternative scenario: Above 149.30 look for further upside with 149.50 & 149.70 as targets. Comment: As long as 149.30 is resistance, look for choppy price action with a bearish bias. Gold Intraday: intraday support around 1815.00. Pivot: 1815.00 Our preference: Long positions above 1815.00 with targets at 1827.00 & 1833.00 in extension. Alternative scenario: Below 1815.00 look for further downside with 1810.00 & 1805.00 as targets. Comment: A support base at 1815.00 has formed and has allowed for a temporary stabilisation.

2023-10-04 03:30

EUR/USD Intraday: key resistance at 1.0490. Pivot: 1.0490 Our preference: Short positions below 1.0490 with targets at 1.0445 & 1.0430 in extension. Alternative scenario: Above 1.0490 look for further upside with 1.0510 & 1.0530 as targets. Comment: As long as the resistance at 1.0490 is not surpassed, the risk of the break below 1.0445 remains high. GBP/USD Intraday: key resistance at 1.2100. Pivot: 1.2100 Our preference: Short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension. Alternative scenario: Above 1.2100 look for further upside with 1.2125 & 1.2150 as targets. Comment: As long as the resistance at 1.2100 is not surpassed, the risk of the break below 1.2050 remains high. AUD/USD Intraday: key resistance at 0.6330. Pivot: 0.6330 Our preference: Short positions below 0.6330 with targets at 0.6280 & 0.6260 in extension. Alternative scenario: Above 0.6330 look for further upside with 0.6350 & 0.6370 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. USD/JPY Intraday: key resistance at 149.50. Pivot: 149.50 Our preference: Short positions below 149.50 with targets at 148.50 & 148.20 in extension. Alternative scenario: Above 149.50 look for further upside with 149.80 & 150.16 as targets. Comment: The upward potential is likely to be limited by the resistance at 149.50. Crude Oil (WTI)‎ (X3)‎ Intraday: bullish bias above 88.70. Pivot: 88.70 Our preference: Long positions above 88.70 with targets at 90.20 & 90.80 in extension. Alternative scenario: Below 88.70 look for further downside with 88.20 & 87.75 as targets. Comment: Technically the RSI is above its neutrality area at 50. Gold Intraday: bullish bias above 1815.00. Pivot: 1815.00 Our preference: Long positions above 1815.00 with targets at 1833.00 & 1840.00 in extension. Alternative scenario: Below 1815.00 look for further downside with 1809.00 & 1803.00 as targets. Comment: The RSI calls for a bounce.

2023-10-03 04:02

Crude Oil (WTI)‎ (X3)‎ Intraday: the downside prevails. Pivot: 89.80 Our preference: Short positions below 89.80 with targets at 87.70 & 87.00 in extension. Alternative scenario: Above 89.80 look for further upside with 90.60 & 91.70 as targets. Comment: The RSI has broken down its 30 level. EUR/USD Intraday: under pressure. Pivot: 1.0510 Our preference: Short positions below 1.0510 with targets at 1.0455 & 1.0430 in extension. Alternative scenario: Above 1.0510 look for further upside with 1.0530 & 1.0550 as targets. Comment: The RSI has broken down its 30 level. GBP/USD Intraday: towards 1.2040. Pivot: 1.2125 Our preference: Short positions below 1.2125 with targets at 1.2070 & 1.2040 in extension. Alternative scenario: Above 1.2125 look for further upside with 1.2145 & 1.2165 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: the downside prevails. Pivot: 0.6390 Our preference: Short positions below 0.6390 with targets at 0.6330 & 0.6315 in extension. Alternative scenario: Above 0.6390 look for further upside with 0.6410 & 0.6425 as targets. Comment: The RSI advocates for further downside. USD/JPY Intraday: bullish bias above 149.55. Pivot: 149.55 Our preference: Long positions above 149.55 with targets at 150.00 & 150.20 in extension. Alternative scenario: Below 149.55 look for further downside with 149.35 & 149.15 as targets. Comment: The RSI advocates for further advance. Gold Intraday: the downside prevails. Pivot: 1834.00 Our preference: Short positions below 1834.00 with targets at 1815.00 & 1805.00 in extension. Alternative scenario: Above 1834.00 look for further upside with 1842.00 & 1850.00 as targets. Comment: The RSI has broken down its 30 level.