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Publish Date: Tue, 29 Nov 2022, 03:43 AM
EUR/USD Intraday: under pressure.
Pivot:
1.0400
Our preference:
Short positions below 1.0400 with targets at 1.0320 & 1.0280 in extension.
Alternative scenario:
Above 1.0400 look for further upside with 1.0430 & 1.0460 as targets.
Comment:
The RSI advocates for further decline.
Gold Intraday: the downside prevails.
Pivot:
1753.00
Our preference:
Short positions below 1753.00 with targets at 1733.00 & 1727.00 in extension.
Alternative scenario:
Above 1753.00 look for further upside with 1758.00 & 1763.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (F3) Intraday: bullish bias above 75.20.
Pivot:
75.20
Our preference:
Long positions above 75.20 with targets at 77.80 & 78.70 in extension.
Alternative scenario:
Below 75.20 look for further downside with 74.40 & 73.60 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: 1.1900 in sight.
Pivot:
1.2010
Our preference:
Short positions below 1.2010 with targets at 1.1935 & 1.1900 in extension.
Alternative scenario:
Above 1.2010 look for further upside with 1.2040 & 1.2080 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: the bias remains bullish.
Pivot:
138.20
Our preference:
Long positions above 138.20 with targets at 139.00 & 139.40 in extension.
Alternative scenario:
Below 138.20 look for further downside with 137.90 & 137.50 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6680
Our preference:
Short positions below 0.6680 with targets at 0.6640 & 0.6620 in extension.
Alternative scenario:
Above 0.6680 look for further upside with 0.6700 & 0.6720 as targets.
Comment:
As long as the resistance at 0.6680 is not surpassed, the risk of the break below 0.6640 remains high.