newsroom
Publish Date: Thu, 27 Jul 2023, 01:51 AM
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6735
Our preference:
Long positions above 0.6735 with targets at 0.6780 & 0.6795 in extension.
Alternative scenario:
Below 0.6735 look for further downside with 0.6720 & 0.6700 as targets.
Comment:
The RSI calls for a rebound.
Gold Intraday: supported by a rising trend line.
Pivot:
1965.00
Our preference:
Long positions above 1965.00 with targets at 1978.00 & 1983.00 in extension.
Alternative scenario:
Below 1965.00 look for further downside with 1959.00 & 1953.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (U3) Intraday: range.
Pivot:
79.65
Our preference:
Short positions below 79.65 with targets at 78.30 & 77.80 in extension.
Alternative scenario:
Above 79.65 look for further upside with 80.50 & 81.20 as targets.
Comment:
The RSI is mixed with a bearish bias.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.1055
Our preference:
Long positions above 1.1055 with targets at 1.1105 & 1.1125 in extension.
Alternative scenario:
Below 1.1055 look for further downside with 1.1035 & 1.1020 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: bullish bias above 1.2900.
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 calls for a bounce.
USD/JPY Intraday: capped by a negative trend line.
Pivot:
140.70
Our preference:
Short positions below 140.70 with targets at 140.15 & 139.90 in extension.
Alternative scenario:
Above 140.70 look for further upside with 140.95 & 141.20 as targets.
Comment:
As long as 140.70 is resistance, look for choppy price action with a bearish bias.