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Publish Date: Mon, 07 Nov 2022, 04:05 AM
EUR/USD Intraday: further advance.
Pivot:
0.9870
Our preference:
Long positions above 0.9870 with targets at 0.9965 & 1.0000 in extension.
Alternative scenario:
Below 0.9870 look for further downside with 0.9840 & 0.9810 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: bullish bias above 1664.00.
Pivot:
1664.00
Our preference:
Long positions above 1664.00 with targets at 1685.00 & 1695.00 in extension.
Alternative scenario:
Below 1664.00 look for further downside with 1653.00 & 1643.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (Z2) Intraday: consolidation in place.
Pivot:
92.00
Our preference:
Short positions below 92.00 with targets at 89.80 & 88.80 in extension.
Alternative scenario:
Above 92.00 look for further upside with 92.85 & 94.10 as targets.
Comment:
As long as 92.00 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: bullish bias above 1.1260.
Pivot:
1.1260
Our preference:
Long positions above 1.1260 with targets at 1.1380 & 1.1420 in extension.
Alternative scenario:
Below 1.1260 look for further downside with 1.1230 & 1.1200 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: under pressure.
Pivot:
147.60
Our preference:
Short positions below 147.60 with targets at 146.50 & 146.10 in extension.
Alternative scenario:
Above 147.60 look for further upside with 148.00 & 148.40 as targets.
Comment:
The RSI advocates for further decline.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6380
Our preference:
Long positions above 0.6380 with targets at 0.6480 & 0.6510 in extension.
Alternative scenario:
Below 0.6380 look for further downside with 0.6350 & 0.6320 as targets.
Comment:
The RSI is bullish and calls for further advance.