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Publish Date: Mon, 31 Oct 2022, 04:14 AM
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.