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Publish Date: Wed, 15 Mar 2023, 02:38 AM
Gold Intraday: the bias remains bullish.
Pivot:
1893.00
Our preference:
Long positions above 1893.00 with targets at 1915.00 & 1927.00 in extension.
Alternative scenario:
Below 1893.00 look for further downside with 1883.00 & 1872.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
EUR/USD Intraday: bullish bias above 1.0700.
Pivot:
1.0700
Our preference:
Long positions above 1.0700 with targets at 1.0750 & 1.0770 in extension.
Alternative scenario:
Below 1.0700 look for further downside with 1.0680 & 1.0650 as targets.
Comment:
The RSI calls for a bounce.
Crude Oil (WTI) (J3) Intraday: key resistance at 72.70.
Pivot:
72.70
Our preference:
Short positions below 72.70 with targets at 70.80 & 70.00 in extension.
Alternative scenario:
Above 72.70 look for further upside with 73.50 & 74.40 as targets.
Comment:
As long as the resistance at 72.70 is not surpassed, the risk of the break below 70.80 remains high.
GBP/USD Intraday: intraday support around 1.2110.
Pivot:
1.2110
Our preference:
Long positions above 1.2110 with targets at 1.2200 & 1.2230 in extension.
Alternative scenario:
Below 1.2110 look for further downside with 1.2080 & 1.2050 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: the bias remains bullish.
Pivot:
133.80
Our preference:
Long positions above 133.80 with targets at 134.90 & 135.20 in extension.
Alternative scenario:
Below 133.80 look for further downside with 133.50 & 133.20 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: supported by a rising trend line.
Pivot:
0.6650
Our preference:
Long positions above 0.6650 with targets at 0.6715 & 0.6740 in extension.
Alternative scenario:
Below 0.6650 look for further downside with 0.6630 & 0.6610 as targets.
Comment:
The RSI is bullish and calls for further upside.