newsroom
Publish Date: Wed, 24 May 2023, 02:52 AM
AUD/USD Intraday: under pressure.
Pivot:
0.6630
Our preference:
Short positions below 0.6630 with targets at 0.6600 & 0.6585 in extension.
Alternative scenario:
Above 0.6630 look for further upside with 0.6645 & 0.6660 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: towards 1990.00.
Pivot:
1965.00
Our preference:
Long positions above 1965.00 with targets at 1983.00 & 1990.00 in extension.
Alternative scenario:
Below 1965.00 look for further downside with 1959.00 & 1954.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (N3) Intraday: further advance.
Pivot:
72.70
Our preference:
Long positions above 72.70 with targets at 74.60 & 75.45 in extension.
Alternative scenario:
Below 72.70 look for further downside with 72.15 & 71.70 as targets.
Comment:
The RSI is bullish and calls for further upside.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0795
Our preference:
Short positions below 1.0795 with targets at 1.0755 & 1.0740 in extension.
Alternative scenario:
Above 1.0795 look for further upside with 1.0815 & 1.0830 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: key resistance at 1.2440.
Pivot:
1.2440
Our preference:
Short positions below 1.2440 with targets at 1.2400 & 1.2375 in extension.
Alternative scenario:
Above 1.2440 look for further upside with 1.2460 & 1.2480 as targets.
Comment:
As long as the resistance at 1.2440 is not surpassed, the risk of the break below 1.2400 remains high.
USD/JPY Intraday: bullish bias above 138.25.
Pivot:
138.25
Our preference:
Long positions above 138.25 with targets at 138.90 & 139.20 in extension.
Alternative scenario:
Below 138.25 look for further downside with 138.00 & 137.75 as targets.
Comment:
A support base at 138.25 has formed and has allowed for a temporary stabilisation.