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Publish Date: Tue, 18 Apr 2023, 01:57 AM
AUD/USD Intraday: the downside prevails.
Pivot:
0.6720
Our preference:
Short positions below 0.6720 with targets at 0.6680 & 0.6665 in extension.
Alternative scenario:
Above 0.6720 look for further upside with 0.6735 & 0.6750 as targets.
Comment:
As long as 0.6720 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: key resistance at 2002.00.
Pivot:
2002.00
Our preference:
Short positions below 2002.00 with targets at 1981.00 & 1975.00 in extension.
Alternative scenario:
Above 2002.00 look for further upside with 2009.00 & 2015.00 as targets.
Comment:
As long as the resistance at 2002.00 is not surpassed, the risk of the break below 1981.00 remains high.
Crude Oil (WTI) (K3) Intraday: key resistance at 81.30.
Pivot:
81.30
Our preference:
Short positions below 81.30 with targets at 80.45 & 79.80 in extension.
Alternative scenario:
Above 81.30 look for further upside with 81.90 & 82.60 as targets.
Comment:
As long as the resistance at 81.30 is not surpassed, the risk of the break below 80.45 remains high.
EUR/USD Intraday: under pressure.
Pivot:
1.0960
Our preference:
Short positions below 1.0960 with targets at 1.0905 & 1.0880 in extension.
Alternative scenario:
Above 1.0960 look for further upside with 1.0980 & 1.1000 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: key resistance at 1.2400.
Pivot:
1.2400
Our preference:
Short positions below 1.2400 with targets at 1.2350 & 1.2330 in extension.
Alternative scenario:
Above 1.2400 look for further upside with 1.2420 & 1.2440 as targets.
Comment:
As long as the resistance at 1.2400 is not surpassed, the risk of the break below 1.2350 remains high.
USD/JPY Intraday: 135.00 in sight.
Pivot:
134.00
Our preference:
Long positions above 134.00 with targets at 134.70 & 135.00 in extension.
Alternative scenario:
Below 134.00 look for further downside with 133.75 & 133.50 as targets.
Comment:
The RSI is bullish and calls for further upside.