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Publish Date: Wed, 02 Aug 2023, 02:51 AM
EUR/USD Intraday: bullish bias above 1.0975.
Pivot:
1.0975
Our preference:
Long positions above 1.0975 with targets at 1.1020 & 1.1035 in extension.
Alternative scenario:
Below 1.0975 look for further downside with 1.0960 & 1.0950 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: rebound in sight.
Pivot:
1941.00
Our preference:
Long positions above 1941.00 with targets at 1960.00 & 1966.00 in extension.
Alternative scenario:
Below 1941.00 look for further downside with 1935.00 & 1929.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (U3) Intraday: further upside.
Pivot:
81.30
Our preference:
Long positions above 81.30 with targets at 83.00 & 83.60 in extension.
Alternative scenario:
Below 81.30 look for further downside with 80.70 & 80.10 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: rebound expected.
Pivot:
1.2760
Our preference:
Long positions above 1.2760 with targets at 1.2810 & 1.2840 in extension.
Alternative scenario:
Below 1.2760 look for further downside with 1.2740 & 1.2720 as targets.
Comment:
The break above 1.2760 is a positive signal that has opened a path to 1.2810.
USD/JPY Intraday: bullish bias above 142.55.
Pivot:
142.55
Our preference:
Long positions above 142.55 with targets at 143.55 & 144.00 in extension.
Alternative scenario:
Below 142.55 look for further downside with 142.00 & 141.50 as targets.
Comment:
A support base at 142.55 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: under pressure.
Pivot:
0.6640
Our preference:
Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension.
Alternative scenario:
Above 0.6640 look for further upside with 0.6670 & 0.6700 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.