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Publish Date: Thu, 25 May 2023, 02:16 AM
AUD/USD Intraday: expect 0.6500.
Pivot:
0.6570
Our preference:
Short positions below 0.6570 with targets at 0.6520 & 0.6500 in extension.
Alternative scenario:
Above 0.6570 look for further upside with 0.6590 & 0.6610 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: key resistance at 1970.00.
Pivot:
1970.00
Our preference:
Short positions below 1970.00 with targets at 1954.00 & 1944.00 in extension.
Alternative scenario:
Above 1970.00 look for further upside with 1977.00 & 1985.00 as targets.
Comment:
As long as the resistance at 1970.00 is not surpassed, the risk of the break below 1954.00 remains high.
Crude Oil (WTI) (N3) Intraday: expect 75.70.
Pivot:
73.40
Our preference:
Long positions above 73.40 with targets at 75.15 & 75.70 in extension.
Alternative scenario:
Below 73.40 look for further downside with 72.80 & 72.20 as targets.
Comment:
The RSI is bullish and calls for further advance.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0780
Our preference:
Short positions below 1.0780 with targets at 1.0730 & 1.0710 in extension.
Alternative scenario:
Above 1.0780 look for further upside with 1.0800 & 1.0820 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: under pressure.
Pivot:
1.2400
Our preference:
Short positions below 1.2400 with targets at 1.2350 & 1.2320 in extension.
Alternative scenario:
Above 1.2400 look for further upside with 1.2425 & 1.2450 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: 140.00 in sight.
Pivot:
138.70
Our preference:
Long positions above 138.70 with targets at 139.70 & 140.00 in extension.
Alternative scenario:
Below 138.70 look for further downside with 138.45 & 138.20 as targets.
Comment:
The RSI advocates for further advance.