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Publish Date: Thu, 03 Nov 2022, 04:56 AM
EUR/USD Intraday: under pressure.
Pivot:
0.9870
Our preference:
Short positions below 0.9870 with targets at 0.9780 & 0.9740 in extension.
Alternative scenario:
Above 0.9870 look for further upside with 0.9910 & 0.9950 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: under pressure.
Pivot:
1642.00
Our preference:
Short positions below 1642.00 with targets at 1627.00 & 1617.00 in extension.
Alternative scenario:
Above 1642.00 look for further upside with 1655.00 & 1657.00 as targets.
Comment:
The RSI advocates for further downside.
Crude Oil (WTI) (Z2) Intraday: key resistance at 89.75.
Pivot:
89.75
Our preference:
Short positions below 89.75 with targets at 88.20 & 87.60 in extension.
Alternative scenario:
Above 89.75 look for further upside with 90.25 & 91.25 as targets.
Comment:
As long as 89.75 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: the downside prevails.
Pivot:
1.1450
Our preference:
Short positions below 1.1450 with targets at 1.1330 & 1.1280 in extension.
Alternative scenario:
Above 1.1450 look for further upside with 1.1490 & 1.1540 as targets.
Comment:
The RSI advocates for further decline.
USD/JPY Intraday: watch 148.85.
Pivot:
147.10
Our preference:
Long positions above 147.10 with targets at 148.40 & 148.85 in extension.
Alternative scenario:
Below 147.10 look for further downside with 146.60 & 146.10 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: towards 0.6260.
Pivot:
0.6400
Our preference:
Short positions below 0.6400 with targets at 0.6300 & 0.6260 in extension.
Alternative scenario:
Above 0.6400 look for further upside with 0.6430 & 0.6470 as targets.
Comment:
The RSI is bearish and calls for further decline.