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Publish Date: Wed, 09 Nov 2022, 01:33 AM
EUR/USD Intraday: the upside prevails.
Pivot:
1.0010
Our preference:
Long positions above 1.0010 with targets at 1.0120 & 1.0160 in extension.
Alternative scenario:
Below 1.0010 look for further downside with 0.9970 & 0.9920 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: bullish bias above 1690.00.
Pivot:
1690.00
Our preference:
Long positions above 1690.00 with targets at 1731.00 & 1745.00 in extension.
Alternative scenario:
Below 1690.00 look for further downside with 1682.00 & 1672.00 as targets.
Comment:
The RSI shows upside momentum.
Crude Oil (WTI) (Z2) Intraday: key resistance at 90.30.
Pivot:
90.30
Our preference:
Short positions below 90.30 with targets at 87.60 & 86.60 in extension.
Alternative scenario:
Above 90.30 look for further upside with 91.00 & 91.70 as targets.
Comment:
The break below 90.30 is a negative signal that has opened a path to 87.60.
GBP/USD Intraday: further advance.
Pivot:
1.1480
Our preference:
Long positions above 1.1480 with targets at 1.1600 & 1.1650 in extension.
Alternative scenario:
Below 1.1480 look for further downside with 1.1430 & 1.1380 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: the downside prevails.
Pivot:
146.10
Our preference:
Short positions below 146.10 with targets at 144.90 & 144.50 in extension.
Alternative scenario:
Above 146.10 look for further upside with 146.50 & 146.90 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6460
Our preference:
Long positions above 0.6460 with targets at 0.6535 & 0.6560 in extension.
Alternative scenario:
Below 0.6460 look for further downside with 0.6440 & 0.6405 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.