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Publish Date: Mon, 19 Jun 2023, 03:07 AM
AUD/USD Intraday: bullish bias above 0.6855.
Pivot:
0.6855
Our preference:
Long positions above 0.6855 with targets at 0.6900 & 0.6915 in extension.
Alternative scenario:
Below 0.6855 look for further downside with 0.6840 & 0.6825 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: intraday support around 1951.00.
Pivot:
1951.00
Our preference:
Long positions above 1951.00 with targets at 1966.00 & 1973.00 in extension.
Alternative scenario:
Below 1951.00 look for further downside with 1945.00 & 1939.00 as targets.
Comment:
The immediate trend remains up but the momentum is weak.
Crude Oil (WTI) (Q3) Intraday: bullish bias above 70.70.
Pivot:
70.70
Our preference:
Long positions above 70.70 with targets at 72.00 & 72.70 in extension.
Alternative scenario:
Below 70.70 look for further downside with 70.20 & 69.70 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/USD Intraday: bullish bias above 1.0915.
Pivot:
1.0915
Our preference:
Long positions above 1.0915 with targets at 1.0970 & 1.0985 in extension.
Alternative scenario:
Below 1.0915 look for further downside with 1.0900 & 1.0885 as targets.
Comment:
A support base at 1.0915 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2790
Our preference:
Long positions above 1.2790 with targets at 1.2850 & 1.2875 in extension.
Alternative scenario:
Below 1.2790 look for further downside with 1.2765 & 1.2740 as targets.
Comment:
The RSI calls for a new upleg.
USD/JPY Intraday: further upside.
Pivot:
141.40
Our preference:
Long positions above 141.40 with targets at 142.20 & 142.50 in extension.
Alternative scenario:
Below 141.40 look for further downside with 141.10 & 140.80 as targets.
Comment:
The RSI is bullish and calls for further advance.