newsroom
Publish Date: Thu, 01 Dec 2022, 04:45 AM
EUR/USD Intraday: watch 1.0470.
Pivot:
1.0370
Our preference:
Long positions above 1.0370 with targets at 1.0440 & 1.0470 in extension.
Alternative scenario:
Below 1.0370 look for further downside with 1.0340 & 1.0310 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: further advance.
Pivot:
1760.00
Our preference:
Long positions above 1760.00 with targets at 1777.00 & 1784.00 in extension.
Alternative scenario:
Below 1760.00 look for further downside with 1754.00 & 1748.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (F3) Intraday: watch 82.00.
Pivot:
79.50
Our preference:
Long positions above 79.50 with targets at 81.40 & 82.00 in extension.
Alternative scenario:
Below 79.50 look for further downside with 79.00 & 78.40 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: further upside.
Pivot:
1.2020
Our preference:
Long positions above 1.2020 with targets at 1.2100 & 1.2130 in extension.
Alternative scenario:
Below 1.2020 look for further downside with 1.1990 & 1.1960 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: under pressure.
Pivot:
138.10
Our preference:
Short positions below 138.10 with targets at 136.90 & 136.50 in extension.
Alternative scenario:
Above 138.10 look for further upside with 138.50 & 138.90 as targets.
Comment:
The immediate trend remains down and the momentum is strong.
AUD/USD Intraday: further upside.
Pivot:
0.6750
Our preference:
Long positions above 0.6750 with targets at 0.6820 & 0.6850 in extension.
Alternative scenario:
Below 0.6750 look for further downside with 0.6725 & 0.6700 as targets.
Comment:
The RSI is bullish and calls for further advance.