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Publish Date: Wed, 12 Jul 2023, 06:15 AM
Gold Intraday: towards 1945.00.
Pivot:
1926.00
Our preference:
Long positions above 1926.00 with targets at 1938.00 & 1945.00 in extension.
Alternative scenario:
Below 1926.00 look for further downside with 1919.00 & 1913.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (Q3) Intraday: further upside.
Pivot:
74.00
Our preference:
Long positions above 74.00 with targets at 75.35 & 76.10 in extension.
Alternative scenario:
Below 74.00 look for further downside with 73.30 & 72.70 as targets.
Comment:
The RSI is bullish and calls for further upside.
EUR/USD Intraday: bullish bias above 1.0990.
Pivot:
1.0990
Our preference:
Long positions above 1.0990 with targets at 1.1025 & 1.1040 in extension.
Alternative scenario:
Below 1.0990 look for further downside with 1.0975 & 1.0960 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: further upside.
Pivot:
1.2900
Our preference:
Long positions above 1.2900 with targets at 1.2960 & 1.2980 in extension.
Alternative scenario:
Below 1.2900 look for further downside with 1.2880 & 1.2860 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: under pressure.
Pivot:
140.60
Our preference:
Short positions below 140.60 with targets at 139.90 & 139.60 in extension.
Alternative scenario:
Above 140.60 look for further upside with 140.90 & 141.20 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: further advance.
Pivot:
0.6660
Our preference:
Long positions above 0.6660 with targets at 0.6720 & 0.6740 in extension.
Alternative scenario:
Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets.
Comment:
The RSI calls for a new upleg.