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Publish Date: Thu, 17 Nov 2022, 03:00 AM
EUR/USD Intraday: bullish bias above 1.0360.
Pivot:
1.0360
Our preference:
Long positions above 1.0360 with targets at 1.0420 & 1.0440 in extension.
Alternative scenario:
Below 1.0360 look for further downside with 1.0340 & 1.0320 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: range.
Pivot:
1766.00
Our preference:
Long positions above 1766.00 with targets at 1786.00 & 1795.00 in extension.
Alternative scenario:
Below 1766.00 look for further downside with 1758.00 & 1752.00 as targets.
Comment:
Intraday technical indicators lack momentum.
Crude Oil (WTI) (Z2) Intraday: key resistance at 86.10.
Pivot:
86.10
Our preference:
Short positions below 86.10 with targets at 84.05 & 83.10 in extension.
Alternative scenario:
Above 86.10 look for further upside with 86.70 & 87.50 as targets.
Comment:
As long as the resistance at 86.10 is not surpassed, the risk of the break below 84.05 remains high.
GBP/USD Intraday: towards 1.1980.
Pivot:
1.1865
Our preference:
Long positions above 1.1865 with targets at 1.1940 & 1.1980 in extension.
Alternative scenario:
Below 1.1865 look for further downside with 1.1830 & 1.1800 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: key resistance at 140.00.
Pivot:
140.00
Our preference:
Short positions below 140.00 with targets at 139.00 & 138.70 in extension.
Alternative scenario:
Above 140.00 look for further upside with 140.30 & 140.60 as targets.
Comment:
As long as the resistance at 140.00 is not surpassed, the risk of the break below 139.00 remains high.
AUD/USD Intraday: expect 0.6690.
Pivot:
0.6770
Our preference:
Short positions below 0.6770 with targets at 0.6710 & 0.6690 in extension.
Alternative scenario:
Above 0.6770 look for further upside with 0.6790 & 0.6810 as targets.
Comment:
The RSI is bearish and calls for further downside.