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Publish Date: Thu, 24 Nov 2022, 01:54 AM
EUR/USD Intraday: the upside prevails.
Pivot:
1.0370
Our preference:
Long positions above 1.0370 with targets at 1.0440 & 1.0480 in extension.
Alternative scenario:
Below 1.0370 look for further downside with 1.0345 & 1.0320 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: further advance.
Pivot:
1740.00
Our preference:
Long positions above 1740.00 with targets at 1758.00 & 1767.00 in extension.
Alternative scenario:
Below 1740.00 look for further downside with 1732.00 & 1725.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (F3) Intraday: under pressure.
Pivot:
79.10
Our preference:
Short positions below 79.10 with targets at 76.25 & 75.30 in extension.
Alternative scenario:
Above 79.10 look for further upside with 80.60 & 81.70 as targets.
Comment:
The RSI shows downside momentum.
GBP/USD Intraday: further advance.
Pivot:
1.2015
Our preference:
Long positions above 1.2015 with targets at 1.2100 & 1.2140 in extension.
Alternative scenario:
Below 1.2015 look for further downside with 1.1980 & 1.1950 as targets.
Comment:
The RSI calls for a new upleg.
USD/JPY Intraday: watch 138.60.
Pivot:
139.90
Our preference:
Short positions below 139.90 with targets at 138.90 & 138.60 in extension.
Alternative scenario:
Above 139.90 look for further upside with 140.30 & 140.70 as targets.
Comment:
The RSI advocates for further decline.
AUD/USD Intraday: towards 0.6790.
Pivot:
0.6700
Our preference:
Long positions above 0.6700 with targets at 0.6760 & 0.6790 in extension.
Alternative scenario:
Below 0.6700 look for further downside with 0.6680 & 0.6660 as targets.
Comment:
The RSI is bullish and calls for further advance.