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Publish Date: Tue, 02 May 2023, 02:26 AM
AUD/USD Intraday: watch 0.6590.
Pivot:
0.6650
Our preference:
Short positions below 0.6650 with targets at 0.6605 & 0.6590 in extension.
Alternative scenario:
Above 0.6650 look for further upside with 0.6665 & 0.6680 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: 1967.00 expected.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1973.00 & 1967.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (M3) Intraday: intraday support around 75.00.
Pivot:
75.00
Our preference:
Long positions above 75.00 with targets at 76.25 & 76.90 in extension.
Alternative scenario:
Below 75.00 look for further downside with 74.55 & 73.95 as targets.
Comment:
The next resistances are at 76.25 and then at 76.90.
EUR/USD Intraday: towards 1.0940.
Pivot:
1.0995
Our preference:
Short positions below 1.0995 with targets at 1.0960 & 1.0940 in extension.
Alternative scenario:
Above 1.0995 look for further upside with 1.1015 & 1.1035 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: expect 1.2440.
Pivot:
1.2520
Our preference:
Short positions below 1.2520 with targets at 1.2460 & 1.2440 in extension.
Alternative scenario:
Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: further advance.
Pivot:
137.00
Our preference:
Long positions above 137.00 with targets at 137.80 & 138.20 in extension.
Alternative scenario:
Below 137.00 look for further downside with 136.60 & 136.20 as targets.
Comment:
The RSI is bullish and calls for further upside.