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Publish Date: Fri, 28 Oct 2022, 02:05 AM
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.