newsroom
Publish Date: Mon, 27 Feb 2023, 03:27 AM
GBP/USD Intraday: watch 1.1920.
Pivot:
1.2000
Our preference:
Short positions below 1.2000 with targets at 1.1920 & 1.1890 in extension.
Alternative scenario:
Above 1.2000 look for further upside with 1.2030 & 1.2070 as targets.
Comment:
A break below 1.1920 would trigger a drop towards 1.1890.
EUR/USD Intraday: watch 1.0530.
Pivot:
1.0580
Our preference:
Short positions below 1.0580 with targets at 1.0530 & 1.0500 in extension.
Alternative scenario:
Above 1.0580 look for further upside with 1.0605 & 1.0630 as targets.
Comment:
A break below 1.0530 would trigger a drop towards 1.0500.
AUD/USD Intraday: key resistance at 0.6780.
Pivot:
0.6780
Our preference:
Short positions below 0.6780 with targets at 0.6700 & 0.6670 in extension.
Alternative scenario:
Above 0.6780 look for further upside with 0.6810 & 0.6840 as targets.
Comment:
As long as 0.6780 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: the downside prevails.
Pivot:
1820.00
Our preference:
Short positions below 1820.00 with targets at 1805.00 & 1800.00 in extension.
Alternative scenario:
Above 1820.00 look for further upside with 1827.00 & 1833.00 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: the upside prevails.
Pivot:
135.80
Our preference:
Long positions above 135.80 with targets at 136.60 & 137.00 in extension.
Alternative scenario:
Below 135.80 look for further downside with 135.40 & 135.00 as targets.
Comment:
The break above 135.80 is a positive signal that has opened a path to 136.60.
Crude Oil (WTI) (J3) Intraday: further advance.
Pivot:
75.60
Our preference:
Long positions above 75.60 with targets at 77.20 & 78.00 in extension.
Alternative scenario:
Below 75.60 look for further downside with 75.00 & 74.10 as targets.
Comment:
The RSI is bullish and calls for further upside.