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Publish Date: Mon, 14 Nov 2022, 04:25 AM
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0265
Our preference:
Long positions above 1.0265 with targets at 1.0370 & 1.0400 in extension.
Alternative scenario:
Below 1.0265 look for further downside with 1.0230 & 1.0200 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: bullish bias above 1753.00.
Pivot:
1753.00
Our preference:
Long positions above 1753.00 with targets at 1775.00 & 1784.00 in extension.
Alternative scenario:
Below 1753.00 look for further downside with 1743.00 & 1731.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (Z2) Intraday: intraday support around 87.95.
Pivot:
87.95
Our preference:
Long positions above 87.95 with targets at 90.10 & 90.90 in extension.
Alternative scenario:
Below 87.95 look for further downside with 87.30 & 86.50 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: bullish bias above 1.1740.
Pivot:
1.1740
Our preference:
Long positions above 1.1740 with targets at 1.1855 & 1.1900 in extension.
Alternative scenario:
Below 1.1740 look for further downside with 1.1700 & 1.1660 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: rebound expected.
Pivot:
138.45
Our preference:
Long positions above 138.45 with targets at 140.10 & 140.90 in extension.
Alternative scenario:
Below 138.45 look for further downside with 137.70 & 137.00 as targets.
Comment:
The RSI calls for a rebound.
AUD/USD Intraday: expect 0.6750.
Pivot:
0.6640
Our preference:
Long positions above 0.6640 with targets at 0.6720 & 0.6750 in extension.
Alternative scenario:
Below 0.6640 look for further downside with 0.6600 & 0.6560 as targets.
Comment:
The RSI calls for a bounce.