newsroom
Publish Date: Thu, 10 Nov 2022, 02:16 AM
EUR/USD Intraday: watch 0.9960.
Pivot:
1.0050
Our preference:
Short positions below 1.0050 with targets at 0.9980 & 0.9960 in extension.
Alternative scenario:
Above 1.0050 look for further upside with 1.0070 & 1.0095 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: consolidation in place.
Pivot:
1722.00
Our preference:
Short positions below 1722.00 with targets at 1695.00 & 1682.00 in extension.
Alternative scenario:
Above 1722.00 look for further upside with 1734.00 & 1745.00 as targets.
Comment:
As long as 1722.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (Z2) Intraday: the downside prevails.
Pivot:
87.80
Our preference:
Short positions below 87.80 with targets at 84.30 & 83.20 in extension.
Alternative scenario:
Above 87.80 look for further upside with 88.80 & 89.70 as targets.
Comment:
The RSI shows downside momentum.
GBP/USD Intraday: under pressure.
Pivot:
1.1440
Our preference:
Short positions below 1.1440 with targets at 1.1320 & 1.1260 in extension.
Alternative scenario:
Above 1.1440 look for further upside with 1.1500 & 1.1560 as targets.
Comment:
The RSI is bearish and calls for further decline.
USD/JPY Intraday: continuation of the rebound.
Pivot:
145.90
Our preference:
Long positions above 145.90 with targets at 146.90 & 147.20 in extension.
Alternative scenario:
Below 145.90 look for further downside with 145.60 & 145.20 as targets.
Comment:
The RSI calls for a new upleg.
AUD/USD Intraday: expect 0.6370.
Pivot:
0.6465
Our preference:
Short positions below 0.6465 with targets at 0.6400 & 0.6370 in extension.
Alternative scenario:
Above 0.6465 look for further upside with 0.6495 & 0.6520 as targets.
Comment:
The RSI calls for a new downleg.