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Publish Date: Fri, 25 Nov 2022, 04:07 AM
EUR/USD Intraday: towards 1.0360.
Pivot:
1.0430
Our preference:
Short positions below 1.0430 with targets at 1.0380 & 1.0360 in extension.
Alternative scenario:
Above 1.0430 look for further upside with 1.0450 & 1.0470 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.0430.
Gold Intraday: the bias remains bullish.
Pivot:
1748.00
Our preference:
Long positions above 1748.00 with targets at 1761.00 & 1767.00 in extension.
Alternative scenario:
Below 1748.00 look for further downside with 1740.00 & 1732.00 as targets.
Comment:
Intraday technical indicators lack momentum.
Crude Oil (WTI) (F3) Intraday: choppy.
Pivot:
78.90
Our preference:
Short positions below 78.90 with targets at 76.80 & 76.25 in extension.
Alternative scenario:
Above 78.90 look for further upside with 79.90 & 80.60 as targets.
Comment:
As long as 78.90 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: consolidation.
Pivot:
1.2150
Our preference:
Short positions below 1.2150 with targets at 1.2080 & 1.2060 in extension.
Alternative scenario:
Above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.
Comment:
As long as 1.2150 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: continuation of the rebound.
Pivot:
138.30
Our preference:
Long positions above 138.30 with targets at 139.05 & 139.40 in extension.
Alternative scenario:
Below 138.30 look for further downside with 138.05 & 137.80 as targets.
Comment:
The RSI shows upside momentum.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6730
Our preference:
Long positions above 0.6730 with targets at 0.6780 & 0.6800 in extension.
Alternative scenario:
Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.