newsroom
Publish Date: Tue, 11 Apr 2023, 01:55 AM
AUD/USD Intraday: the downside prevails.
Pivot:
0.6660
Our preference:
Short positions below 0.6660 with targets at 0.6630 & 0.6615 in extension.
Alternative scenario:
Above 0.6660 look for further upside with 0.6680 & 0.6700 as targets.
Comment:
A break below 0.6630 would trigger a drop towards 0.6615.
Gold Intraday: key resistance at 2003.00.
Pivot:
2003.00
Our preference:
Short positions below 2003.00 with targets at 1981.00 & 1971.00 in extension.
Alternative scenario:
Above 2003.00 look for further upside with 2014.00 & 2021.00 as targets.
Comment:
As long as 2003.00 is resistance, expect a return to 1981.00.
Crude Oil (WTI) (K3) Intraday: under pressure.
Pivot:
80.65
Our preference:
Short positions below 80.65 with targets at 79.00 & 78.30 in extension.
Alternative scenario:
Above 80.65 look for further upside with 81.20 & 81.80 as targets.
Comment:
The RSI is bearish and calls for further downside.
EUR/USD Intraday: key resistance at 1.0885.
Pivot:
1.0885
Our preference:
Short positions below 1.0885 with targets at 1.0845 & 1.0830 in extension.
Alternative scenario:
Above 1.0885 look for further upside with 1.0900 & 1.0915 as targets.
Comment:
As long as 1.0885 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: key resistance at 1.2405.
Pivot:
1.2405
Our preference:
Short positions below 1.2405 with targets at 1.2360 & 1.2345 in extension.
Alternative scenario:
Above 1.2405 look for further upside with 1.2420 & 1.2440 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.2405.
USD/JPY Intraday: the upside prevails.
Pivot:
133.00
Our preference:
Long positions above 133.00 with targets at 133.85 & 134.20 in extension.
Alternative scenario:
Below 133.00 look for further downside with 132.70 & 132.30 as targets.
Comment:
The RSI advocates for further advance.