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Publish Date: Wed, 05 Apr 2023, 02:51 AM
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6735
Our preference:
Long positions above 0.6735 with targets at 0.6775 & 0.6790 in extension.
Alternative scenario:
Below 0.6735 look for further downside with 0.6720 & 0.6700 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: look for 2045.00.
Pivot:
2005.00
Our preference:
Long positions above 2005.00 with targets at 2030.00 & 2045.00 in extension.
Alternative scenario:
Below 2005.00 look for further downside with 1997.00 & 1989.00 as targets.
Comment:
The RSI shows upside momentum.
Crude Oil (WTI) (K3) Intraday: bounce.
Pivot:
79.60
Our preference:
Long positions above 79.60 with targets at 81.80 & 83.20 in extension.
Alternative scenario:
Below 79.60 look for further downside with 79.00 & 78.00 as targets.
Comment:
The RSI advocates for further upside.
EUR/USD Intraday: 1.1000 in sight.
Pivot:
1.0920
Our preference:
Long positions above 1.0920 with targets at 1.0975 & 1.1000 in extension.
Alternative scenario:
Below 1.0920 look for further downside with 1.0900 & 1.0880 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2465
Our preference:
Long positions above 1.2465 with targets at 1.2525 & 1.2550 in extension.
Alternative scenario:
Below 1.2465 look for further downside with 1.2440 & 1.2420 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: the downside prevails.
Pivot:
132.15
Our preference:
Short positions below 132.15 with targets at 131.20 & 130.70 in extension.
Alternative scenario:
Above 132.15 look for further upside with 132.50 & 132.80 as targets.
Comment:
The RSI is bearish and calls for further downside.