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Publish Date: Fri, 12 May 2023, 01:53 AM
AUD/USD Intraday: watch 0.6680.
Pivot:
0.6730
Our preference:
Short positions below 0.6730 with targets at 0.6680 & 0.6660 in extension.
Alternative scenario:
Above 0.6730 look for further upside with 0.6755 & 0.6780 as targets.
Comment:
A break below 0.6680 would trigger a drop towards 0.6660.
Gold Intraday: towards 1999.00.
Pivot:
2025.00
Our preference:
Short positions below 2025.00 with targets at 2008.00 & 1999.00 in extension.
Alternative scenario:
Above 2025.00 look for further upside with 2031.00 & 2041.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (M3) Intraday: key resistance at 72.05.
Pivot:
72.05
Our preference:
Short positions below 72.05 with targets at 70.80 & 70.20 in extension.
Alternative scenario:
Above 72.05 look for further upside with 72.75 & 73.35 as targets.
Comment:
As long as the resistance at 72.05 is not surpassed, the risk of the break below 70.80 remains high.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0940
Our preference:
Short positions below 1.0940 with targets at 1.0895 & 1.0875 in extension.
Alternative scenario:
Above 1.0940 look for further upside with 1.0960 & 1.0980 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2560
Our preference:
Short positions below 1.2560 with targets at 1.2480 & 1.2445 in extension.
Alternative scenario:
Above 1.2560 look for further upside with 1.2590 & 1.2615 as targets.
Comment:
The break below 1.2560 is a negative signal that has opened a path to 1.2480.
USD/JPY Intraday: the upside prevails.
Pivot:
134.15
Our preference:
Long positions above 134.15 with targets at 134.80 & 135.10 in extension.
Alternative scenario:
Below 134.15 look for further downside with 133.75 & 133.35 as targets.
Comment:
The RSI lacks downward momentum.