newsroom
Publish Date: Tue, 30 May 2023, 02:51 AM
AUD/USD Intraday: consolidation.
Pivot:
0.6550
Our preference:
Short positions below 0.6550 with targets at 0.6525 & 0.6510 in extension.
Alternative scenario:
Above 0.6550 look for further upside with 0.6565 & 0.6580 as targets.
Comment:
The RSI is mixed with a bearish bias.
Gold Intraday: the downside prevails.
Pivot:
1951.00
Our preference:
Short positions below 1951.00 with targets at 1937.00 & 1931.00 in extension.
Alternative scenario:
Above 1951.00 look for further upside with 1957.00 & 1964.00 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (N3) Intraday: intraday support around 72.45.
Pivot:
72.45
Our preference:
Long positions above 72.45 with targets at 73.50 & 74.00 in extension.
Alternative scenario:
Below 72.45 look for further downside with 72.00 & 71.50 as targets.
Comment:
The next resistances are at 73.50 and then at 74.00.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0730
Our preference:
Short positions below 1.0730 with targets at 1.0690 & 1.0675 in extension.
Alternative scenario:
Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: key resistance at 1.2375.
Pivot:
1.2375
Our preference:
Short positions below 1.2375 with targets at 1.2335 & 1.2320 in extension.
Alternative scenario:
Above 1.2375 look for further upside with 1.2390 & 1.2410 as targets.
Comment:
As long as 1.2375 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 140.10.
Pivot:
140.10
Our preference:
Long positions above 140.10 with targets at 140.65 & 140.90 in extension.
Alternative scenario:
Below 140.10 look for further downside with 139.80 & 139.50 as targets.
Comment:
The RSI advocates for further advance.