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Publish Date: Mon, 31 Jul 2023, 08:10 AM
Crude Oil (WTI) (U3) Intraday: watch 81.50.
Pivot:
79.90
Our preference:
Long positions above 79.90 with targets at 81.00 & 81.50 in extension.
Alternative scenario:
Below 79.90 look for further downside with 79.45 & 79.00 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 1.1045 & 1.1070 in extension.
Alternative scenario:
Below 1.0990 look for further downside with 1.0965 & 1.0940 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: bullish bias above 1949.00.
Pivot:
1949.00
Our preference:
Long positions above 1949.00 with targets at 1966.00 & 1974.00 in extension.
Alternative scenario:
Below 1949.00 look for further downside with 1942.00 & 1936.00 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2830
Our preference:
Long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension.
Alternative scenario:
Below 1.2830 look for further downside with 1.2800 & 1.2770 as targets.
Comment:
A support base at 1.2830 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: the upside prevails.
Pivot:
140.20
Our preference:
Long positions above 140.20 with targets at 141.30 & 141.70 in extension.
Alternative scenario:
Below 140.20 look for further downside with 139.75 & 139.25 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: rebound expected.
Pivot:
0.6640
Our preference:
Long positions above 0.6640 with targets at 0.6680 & 0.6710 in extension.
Alternative scenario:
Below 0.6640 look for further downside with 0.6620 & 0.6600 as targets.
Comment:
The RSI calls for a rebound.