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Publish Date: Tue, 06 Jun 2023, 03:58 AM
AUD/USD Intraday: the upside prevails.
Pivot:
0.6590
Our preference:
Long positions above 0.6590 with targets at 0.6635 & 0.6650 in extension.
Alternative scenario:
Below 0.6590 look for further downside with 0.6575 & 0.6560 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: towards 1974.00.
Pivot:
1951.00
Our preference:
Long positions above 1951.00 with targets at 1966.00 & 1974.00 in extension.
Alternative scenario:
Below 1951.00 look for further downside with 1944.00 & 1938.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (N3) Intraday: under pressure.
Pivot:
73.00
Our preference:
Short positions below 73.00 with targets at 71.00 & 70.00 in extension.
Alternative scenario:
Above 73.00 look for further upside with 73.80 & 75.00 as targets.
Comment:
The RSI is below its neutrality area at 50%
EUR/USD Intraday: bullish bias above 1.0690.
Pivot:
1.0690
Our preference:
Long positions above 1.0690 with targets at 1.0725 & 1.0740 in extension.
Alternative scenario:
Below 1.0690 look for further downside with 1.0675 & 1.0660 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2400
Our preference:
Long positions above 1.2400 with targets at 1.2450 & 1.2470 in extension.
Alternative scenario:
Below 1.2400 look for further downside with 1.2380 & 1.2365 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: under pressure.
Pivot:
139.80
Our preference:
Short positions below 139.80 with targets at 139.20 & 138.90 in extension.
Alternative scenario:
Above 139.80 look for further upside with 140.00 & 140.20 as targets.
Comment:
The RSI is bearish and calls for further decline.