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Publish Date: Mon, 15 May 2023, 02:41 AM
AUD/USD Intraday: 0.6620 in sight.
Pivot:
0.6680
Our preference:
Short positions below 0.6680 with targets at 0.6620 & 0.6595 in extension.
Alternative scenario:
Above 0.6680 look for further upside with 0.6705 & 0.6735 as targets.
Comment:
A break below 0.6620 would trigger a drop towards 0.6595.
Gold Intraday: under pressure.
Pivot:
2022.00
Our preference:
Short positions below 2022.00 with targets at 2001.00 & 1994.00 in extension.
Alternative scenario:
Above 2022.00 look for further upside with 2027.00 & 2032.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
70.85
Our preference:
Short positions below 70.85 with targets at 69.70 & 69.00 in extension.
Alternative scenario:
Above 70.85 look for further upside with 71.70 & 72.45 as targets.
Comment:
The RSI calls for a new downleg.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0900
Our preference:
Short positions below 1.0900 with targets at 1.0820 & 1.0790 in extension.
Alternative scenario:
Above 1.0900 look for further upside with 1.0935 & 1.0970 as targets.
Comment:
The RSI has broken down its 30 level.
GBP/USD Intraday: watch 1.2410.
Pivot:
1.2500
Our preference:
Short positions below 1.2500 with targets at 1.2410 & 1.2375 in extension.
Alternative scenario:
Above 1.2500 look for further upside with 1.2540 & 1.2585 as targets.
Comment:
The break below 1.2500 is a negative signal that has opened a path to 1.2410.
USD/JPY Intraday: further advance.
Pivot:
135.20
Our preference:
Long positions above 135.20 with targets at 136.15 & 136.60 in extension.
Alternative scenario:
Below 135.20 look for further downside with 134.70 & 134.20 as targets.
Comment:
The RSI is bullish and calls for further advance.