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Publish Date: Thu, 20 Apr 2023, 02:06 AM
AUD/USD Intraday: expect 0.6670.
Pivot:
0.6730
Our preference:
Short positions below 0.6730 with targets at 0.6685 & 0.6670 in extension.
Alternative scenario:
Above 0.6730 look for further upside with 0.6745 & 0.6760 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: bullish bias above 1981.00.
Pivot:
1981.00
Our preference:
Long positions above 1981.00 with targets at 2004.00 & 2014.00 in extension.
Alternative scenario:
Below 1981.00 look for further downside with 1969.00 & 1960.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
79.90
Our preference:
Short positions below 79.90 with targets at 78.00 & 77.30 in extension.
Alternative scenario:
Above 79.90 look for further upside with 80.50 & 81.20 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: key resistance at 1.0970.
Pivot:
1.0970
Our preference:
Short positions below 1.0970 with targets at 1.0930 & 1.0915 in extension.
Alternative scenario:
Above 1.0970 look for further upside with 1.0985 & 1.1000 as targets.
Comment:
As long as 1.0970 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: watch 1.2390.
Pivot:
1.2455
Our preference:
Short positions below 1.2455 with targets at 1.2405 & 1.2390 in extension.
Alternative scenario:
Above 1.2455 look for further upside with 1.2470 & 1.2485 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: bullish bias above 134.30.
Pivot:
134.30
Our preference:
Long positions above 134.30 with targets at 135.10 & 135.30 in extension.
Alternative scenario:
Below 134.30 look for further downside with 134.10 & 133.85 as targets.
Comment:
The RSI calls for a bounce.