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Publish Date: Thu, 09 Mar 2023, 04:13 AM
GBP/USD Intraday: rebound expected.
Pivot:
1.1815
Our preference:
Long positions above 1.1815 with targets at 1.1860 & 1.1890 in extension.
Alternative scenario:
Below 1.1815 look for further downside with 1.1790 & 1.1770 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
EUR/USD Intraday: rebound expected.
Pivot:
1.0525
Our preference:
Long positions above 1.0525 with targets at 1.0570 & 1.0590 in extension.
Alternative scenario:
Below 1.0525 look for further downside with 1.0505 & 1.0485 as targets.
Comment:
A support base at 1.0525 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: watch 0.6570.
Pivot:
0.6625
Our preference:
Short positions below 0.6625 with targets at 0.6570 & 0.6545 in extension.
Alternative scenario:
Above 0.6625 look for further upside with 0.6650 & 0.6675 as targets.
Comment:
A break below 0.6570 would trigger a drop towards 0.6545.
Gold Intraday: key resistance at 1823.00.
Pivot:
1823.00
Our preference:
Short positions below 1823.00 with targets at 1809.00 & 1802.00 in extension.
Alternative scenario:
Above 1823.00 look for further upside with 1829.00 & 1834.00 as targets.
Comment:
As long as 1823.00 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 136.85.
Pivot:
136.85
Our preference:
Long positions above 136.85 with targets at 137.55 & 137.90 in extension.
Alternative scenario:
Below 136.85 look for further downside with 136.50 & 136.15 as targets.
Comment:
The RSI is around its neutrality area at 50%
Crude Oil (WTI) (J3) Intraday: under pressure.
Pivot:
77.30
Our preference:
Short positions below 77.30 with targets at 75.80 & 75.00 in extension.
Alternative scenario:
Above 77.30 look for further upside with 77.90 & 78.50 as targets.
Comment:
The RSI is bearish and calls for further decline.