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Publish Date: Fri, 04 Nov 2022, 08:18 AM
EUR/USD Intraday: under pressure.
Pivot:
0.9790
Our preference:
Short positions below 0.9790 with targets at 0.9720 & 0.9690 in extension.
Alternative scenario:
Above 0.9790 look for further upside with 0.9820 & 0.9850 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: continuation of the rebound.
Pivot:
1617.00
Our preference:
Long positions above 1617.00 with targets at 1636.00 & 1645.00 in extension.
Alternative scenario:
Below 1617.00 look for further downside with 1609.00 & 1600.00 as targets.
Comment:
The RSI calls for a bounce.
Crude Oil (WTI) (Z2) Intraday: the downside prevails.
Pivot:
88.70
Our preference:
Short positions below 88.70 with targets at 87.20 & 86.70 in extension.
Alternative scenario:
Above 88.70 look for further upside with 89.20 & 89.70 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: the downside prevails.
Pivot:
1.1250
Our preference:
Short positions below 1.1250 with targets at 1.1120 & 1.1060 in extension.
Alternative scenario:
Above 1.1250 look for further upside with 1.1310 & 1.1370 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: 149.00 in sight.
Pivot:
147.70
Our preference:
Long positions above 147.70 with targets at 148.70 & 149.00 in extension.
Alternative scenario:
Below 147.70 look for further downside with 147.40 & 147.10 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: watch 0.6240.
Pivot:
0.6325
Our preference:
Short positions below 0.6325 with targets at 0.6260 & 0.6240 in extension.
Alternative scenario:
Above 0.6325 look for further upside with 0.6350 & 0.6370 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 0.6325.