newsroom
Publish Date: Mon, 22 May 2023, 02:25 AM
AUD/USD Intraday: bullish bias above 0.6630.
Pivot:
0.6630
Our preference:
Long positions above 0.6630 with targets at 0.6675 & 0.6690 in extension.
Alternative scenario:
Below 0.6630 look for further downside with 0.6615 & 0.6600 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: continuation of the rebound.
Pivot:
1969.00
Our preference:
Long positions above 1969.00 with targets at 1987.00 & 1993.00 in extension.
Alternative scenario:
Below 1969.00 look for further downside with 1963.00 & 1957.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (N3) Intraday: the downside prevails.
Pivot:
72.20
Our preference:
Short positions below 72.20 with targets at 71.20 & 70.50 in extension.
Alternative scenario:
Above 72.20 look for further upside with 72.80 & 73.40 as targets.
Comment:
The RSI is below its neutrality area at 50%
EUR/USD Intraday: towards 1.0850.
Pivot:
1.0795
Our preference:
Long positions above 1.0795 with targets at 1.0835 & 1.0850 in extension.
Alternative scenario:
Below 1.0795 look for further downside with 1.0780 & 1.0760 as targets.
Comment:
The RSI advocates for further upside.
GBP/USD Intraday: watch 1.2490.
Pivot:
1.2430
Our preference:
Long positions above 1.2430 with targets at 1.2470 & 1.2490 in extension.
Alternative scenario:
Below 1.2430 look for further downside with 1.2410 & 1.2390 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: the downside prevails.
Pivot:
138.20
Our preference:
Short positions below 138.20 with targets at 137.40 & 137.10 in extension.
Alternative scenario:
Above 138.20 look for further upside with 138.50 & 138.75 as targets.
Comment:
The RSI calls for a new downleg.