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Publish Date: Fri, 21 Apr 2023, 01:26 AM
AUD/USD Intraday: watch 0.6770.
Pivot:
0.6720
Our preference:
Long positions above 0.6720 with targets at 0.6755 & 0.6770 in extension.
Alternative scenario:
Below 0.6720 look for further downside with 0.6705 & 0.6690 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
Gold Intraday: bullish bias above 1994.00.
Pivot:
1994.00
Our preference:
Long positions above 1994.00 with targets at 2012.00 & 2020.00 in extension.
Alternative scenario:
Below 1994.00 look for further downside with 1988.00 & 1981.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (M3) Intraday: the downside prevails.
Pivot:
78.10
Our preference:
Short positions below 78.10 with targets at 76.30 & 75.55 in extension.
Alternative scenario:
Above 78.10 look for further upside with 78.60 & 79.30 as targets.
Comment:
The RSI is bearish and calls for further downside.
EUR/USD Intraday: bullish bias above 1.0940.
Pivot:
1.0940
Our preference:
Long positions above 1.0940 with targets at 1.0985 & 1.1000 in extension.
Alternative scenario:
Below 1.0940 look for further downside with 1.0925 & 1.0910 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2410
Our preference:
Long positions above 1.2410 with targets at 1.2465 & 1.2480 in extension.
Alternative scenario:
Below 1.2410 look for further downside with 1.2395 & 1.2380 as targets.
Comment:
The RSI is mixed with a bullish bias.
USD/JPY Intraday: the downside prevails.
Pivot:
134.40
Our preference:
Short positions below 134.40 with targets at 134.00 & 133.85 in extension.
Alternative scenario:
Above 134.40 look for further upside with 134.60 & 134.80 as targets.
Comment:
The RSI advocates for further downside.