newsroom
Publish Date: Mon, 28 Nov 2022, 05:30 AM
EUR/USD Intraday: the downside prevails.
Pivot:
1.0400
Our preference:
Short positions below 1.0400 with targets at 1.0350 & 1.0320 in extension.
Alternative scenario:
Above 1.0400 look for further upside with 1.0425 & 1.0450 as targets.
Comment:
The RSI calls for a new downleg.
Gold Intraday: watch 1740.00.
Pivot:
1758.00
Our preference:
Short positions below 1758.00 with targets at 1745.00 & 1740.00 in extension.
Alternative scenario:
Above 1758.00 look for further upside with 1765.00 & 1771.00 as targets.
Comment:
As long as the resistance at 1758.00 is not surpassed, the risk of the break below 1745.00 remains high.
Crude Oil (WTI) (F3) Intraday: the downside prevails.
Pivot:
77.50
Our preference:
Short positions below 77.50 with targets at 75.30 & 74.10 in extension.
Alternative scenario:
Above 77.50 look for further upside with 78.30 & 79.10 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: towards 1.2000
Pivot:
1.2100
Our preference:
Short positions below 1.2100 with targets at 1.2030 & 1.2000 in extension.
Alternative scenario:
Above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: further advance.
Pivot:
138.95
Our preference:
Long positions above 138.95 with targets at 139.60 & 140.00 in extension.
Alternative scenario:
Below 138.95 look for further downside with 138.70 & 138.40 as targets.
Comment:
The RSI calls for a new upleg.
AUD/USD Intraday: watch 0.6680.
Pivot:
0.6740
Our preference:
Short positions below 0.6740 with targets at 0.6700 & 0.6680 in extension.
Alternative scenario:
Above 0.6740 look for further upside with 0.6760 & 0.6780 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 0.6740.