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Publish Date: Thu, 27 Oct 2022, 07:28 AM
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.