newsroom
Publish Date: Mon, 10 Apr 2023, 03:17 AM
AUD/USD Intraday: key resistance at 0.6690.
Pivot:
0.6690
Our preference:
Short positions below 0.6690 with targets at 0.6650 & 0.6630 in extension.
Alternative scenario:
Above 0.6690 look for further upside with 0.6710 & 0.6730 as targets.
Comment:
The RSI is mixed with a bearish bias.
Gold Intraday: key resistance at 2015.00.
Pivot:
2015.00
Our preference:
Short positions below 2015.00 with targets at 1997.00 & 1990.00 in extension.
Alternative scenario:
Above 2015.00 look for further upside with 2023.00 & 2031.00 as targets.
Comment:
The RSI is mixed with a bearish bias.
Crude Oil (WTI) (K3) Intraday: look for 82.40.
Pivot:
80.10
Our preference:
Long positions above 80.10 with targets at 81.80 & 82.40 in extension.
Alternative scenario:
Below 80.10 look for further downside with 79.60 & 79.10 as targets.
Comment:
The next resistances are at 81.80 and then at 82.40.
EUR/USD Intraday: key resistance at 1.0925.
Pivot:
1.0925
Our preference:
Short positions below 1.0925 with targets at 1.0890 & 1.0875 in extension.
Alternative scenario:
Above 1.0925 look for further upside with 1.0940 & 1.0955 as targets.
Comment:
As long as 1.0925 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: capped by a negative trend line.
Pivot:
1.2445
Our preference:
Short positions below 1.2445 with targets at 1.2405 & 1.2390 in extension.
Alternative scenario:
Above 1.2445 look for further upside with 1.2465 & 1.2485 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.2445.
USD/JPY Intraday: further upside.
Pivot:
131.85
Our preference:
Long positions above 131.85 with targets at 132.60 & 133.10 in extension.
Alternative scenario:
Below 131.85 look for further downside with 131.50 & 131.20 as targets.
Comment:
The RSI shows upside momentum.