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Publish Date: Tue, 08 Nov 2022, 01:51 AM
EUR/USD Intraday: the upside prevails.
Pivot:
0.9965
Our preference:
Long positions above 0.9965 with targets at 1.0050 & 1.0080 in extension.
Alternative scenario:
Below 0.9965 look for further downside with 0.9930 & 0.9900 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: bullish bias above 1664.00.
Pivot:
1664.00
Our preference:
Long positions above 1664.00 with targets at 1682.00 & 1690.00 in extension.
Alternative scenario:
Below 1664.00 look for further downside with 1653.00 & 1643.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI) (Z2) Intraday: intraday support around 91.55.
Pivot:
91.55
Our preference:
Long positions above 91.55 with targets at 92.80 & 93.70 in extension.
Alternative scenario:
Below 91.55 look for further downside with 91.10 & 90.40 as targets.
Comment:
A support base at 91.55 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: further upside.
Pivot:
1.1440
Our preference:
Long positions above 1.1440 with targets at 1.1560 & 1.1610 in extension.
Alternative scenario:
Below 1.1440 look for further downside with 1.1390 & 1.1340 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: watch 145.90.
Pivot:
147.20
Our preference:
Short positions below 147.20 with targets at 146.20 & 145.90 in extension.
Alternative scenario:
Above 147.20 look for further upside with 147.55 & 147.90 as targets.
Comment:
As long as 147.20 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: bullish bias above 0.6440.
Pivot:
0.6440
Our preference:
Long positions above 0.6440 with targets at 0.6500 & 0.6520 in extension.
Alternative scenario:
Below 0.6440 look for further downside with 0.6420 & 0.6400 as targets.
Comment:
The RSI calls for a bounce.