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Publish Date: Wed, 16 Nov 2022, 03:47 AM
EUR/USD Intraday: bullish bias above 1.0300.
Pivot:
1.0300
Our preference:
Long positions above 1.0300 with targets at 1.0380 & 1.0410 in extension.
Alternative scenario:
Below 1.0300 look for further downside with 1.0270 & 1.0250 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: bullish bias above 1766.00.
Pivot:
1766.00
Our preference:
Long positions above 1766.00 with targets at 1787.00 & 1795.00 in extension.
Alternative scenario:
Below 1766.00 look for further downside with 1758.00 & 1752.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI) (Z2) Intraday: look for 89.00.
Pivot:
86.30
Our preference:
Long positions above 86.30 with targets at 88.10 & 89.00 in extension.
Alternative scenario:
Below 86.30 look for further downside with 85.40 & 84.65 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: watch 1.1940.
Pivot:
1.1820
Our preference:
Long positions above 1.1820 with targets at 1.1910 & 1.1940 in extension.
Alternative scenario:
Below 1.1820 look for further downside with 1.1790 & 1.1750 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: the downside prevails.
Pivot:
139.50
Our preference:
Short positions below 139.50 with targets at 138.45 & 138.10 in extension.
Alternative scenario:
Above 139.50 look for further upside with 140.00 & 140.60 as targets.
Comment:
The RSI is bearish and calls for further downside.
AUD/USD Intraday: further advance.
Pivot:
0.6720
Our preference:
Long positions above 0.6720 with targets at 0.6790 & 0.6820 in extension.
Alternative scenario:
Below 0.6720 look for further downside with 0.6690 & 0.6660 as targets.
Comment:
The RSI advocates for further upside.