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Publish Date: Fri, 24 Mar 2023, 03:27 AM
AUD/USD Intraday: towards 0.6630.
Pivot:
0.6710
Our preference:
Short positions below 0.6710 with targets at 0.6650 & 0.6630 in extension.
Alternative scenario:
Above 0.6710 look for further upside with 0.6730 & 0.6755 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: bullish bias above 1978.00.
Pivot:
1978.00
Our preference:
Long positions above 1978.00 with targets at 2003.00 & 2009.00 in extension.
Alternative scenario:
Below 1978.00 look for further downside with 1971.00 & 1964.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (K3) Intraday: under pressure.
Pivot:
70.70
Our preference:
Short positions below 70.70 with targets at 68.80 & 68.00 in extension.
Alternative scenario:
Above 70.70 look for further upside with 71.50 & 72.20 as targets.
Comment:
The RSI is below its neutrality area at 50%
EUR/USD Intraday: watch 1.0775.
Pivot:
1.0870
Our preference:
Short positions below 1.0870 with targets at 1.0800 & 1.0775 in extension.
Alternative scenario:
Above 1.0870 look for further upside with 1.0900 & 1.0930 as targets.
Comment:
The RSI is bearish and calls for further downside.
GBP/USD Intraday: expect 1.2225.
Pivot:
1.2310
Our preference:
Short positions below 1.2310 with targets at 1.2250 & 1.2225 in extension.
Alternative scenario:
Above 1.2310 look for further upside with 1.2330 & 1.2345 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: key resistance at 131.30.
Pivot:
131.30
Our preference:
Short positions below 131.30 with targets at 130.30 & 130.00 in extension.
Alternative scenario:
Above 131.30 look for further upside with 131.65 & 132.00 as targets.
Comment:
As long as 131.30 is resistance, look for choppy price action with a bearish bias.