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Publish Date: Tue, 01 Nov 2022, 02:26 AM
EUR/USD Intraday: the downside prevails.
Pivot:
0.9915
Our preference:
Short positions below 0.9915 with targets at 0.9865 & 0.9850 in extension.
Alternative scenario:
Above 0.9915 look for further upside with 0.9930 & 0.9945 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: expect 1618.00.
Pivot:
1642.00
Our preference:
Short positions below 1642.00 with targets at 1624.00 & 1618.00 in extension.
Alternative scenario:
Above 1642.00 look for further upside with 1647.00 & 1653.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (Z2) Intraday: key resistance at 87.60.
Pivot:
87.60
Our preference:
Short positions below 87.60 with targets at 85.30 & 84.20 in extension.
Alternative scenario:
Above 87.60 look for further upside with 88.70 & 89.80 as targets.
Comment:
The RSI is mixed to bearish.
GBP/USD Intraday: watch 1.1400.
Pivot:
1.1520
Our preference:
Short positions below 1.1520 with targets at 1.1430 & 1.1400 in extension.
Alternative scenario:
Above 1.1520 look for further upside with 1.1550 & 1.1580 as targets.
Comment:
The RSI is bearish and calls for further decline.
USD/JPY Intraday: bullish bias above 148.10.
Pivot:
148.10
Our preference:
Long positions above 148.10 with targets at 149.00 & 149.40 in extension.
Alternative scenario:
Below 148.10 look for further downside with 147.70 & 147.30 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
AUD/USD Intraday: rebound expected.
Pivot:
0.6385
Our preference:
Long positions above 0.6385 with targets at 0.6425 & 0.6445 in extension.
Alternative scenario:
Below 0.6385 look for further downside with 0.6365 & 0.6345 as targets.
Comment:
The RSI shows upside momentum.