newsroom
Publish Date: Mon, 10 Jul 2023, 03:03 AM
Gold Intraday: the bias remains bullish.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1934.00 & 1939.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1912.00 & 1904.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (Q3) Intraday: intraday support around 72.70.
Pivot:
72.70
Our preference:
Long positions above 72.70 with targets at 74.40 & 75.10 in extension.
Alternative scenario:
Below 72.70 look for further downside with 72.25 & 71.45 as targets.
Comment:
The RSI is above its neutrality area at 50%.
EUR/USD Intraday: 1.1000 in sight.
Pivot:
1.0930
Our preference:
Long positions above 1.0930 with targets at 1.0980 & 1.1000 in extension.
Alternative scenario:
Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets.
Comment:
The RSI advocates for further upside.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2800
Our preference:
Long positions above 1.2800 with targets at 1.2860 & 1.2880 in extension.
Alternative scenario:
Below 1.2800 look for further downside with 1.2780 & 1.2760 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: under pressure.
Pivot:
142.70
Our preference:
Short positions below 142.70 with targets at 141.80 & 141.50 in extension.
Alternative scenario:
Above 142.70 look for further upside with 143.00 & 143.40 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: bullish bias above 0.6660.
Pivot:
0.6660
Our preference:
Long positions above 0.6660 with targets at 0.6705 & 0.6720 in extension.
Alternative scenario:
Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets.
Comment:
The RSI advocates for further upside.