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Publish Date: Thu, 03 Aug 2023, 02:38 AM
EUR/USD Intraday: key resistance at 1.0965.
Pivot:
1.0965
Our preference:
Short positions below 1.0965 with targets at 1.0915 & 1.0900 in extension.
Alternative scenario:
Above 1.0965 look for further upside with 1.0980 & 1.1000 as targets.
Comment:
As long as the resistance at 1.0965 is not surpassed, the risk of the break below 1.0915 remains high.
Gold Intraday: the downside prevails.
Pivot:
1947.00
Our preference:
Short positions below 1947.00 with targets at 1927.00 & 1920.00 in extension.
Alternative scenario:
Above 1947.00 look for further upside with 1954.00 & 1962.00 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (U3) Intraday: expect 78.30.
Pivot:
80.80
Our preference:
Short positions below 80.80 with targets at 79.00 & 78.30 in extension.
Alternative scenario:
Above 80.80 look for further upside with 81.50 & 82.40 as targets.
Comment:
The RSI is bearish and calls for further downside.
GBP/USD Intraday: key resistance at 1.2750.
Pivot:
1.2750
Our preference:
Short positions below 1.2750 with targets at 1.2680 & 1.2660 in extension.
Alternative scenario:
Above 1.2750 look for further upside with 1.2775 & 1.2800 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.2750.
USD/JPY Intraday: the upside prevails.
Pivot:
142.70
Our preference:
Long positions above 142.70 with targets at 143.55 & 144.00 in extension.
Alternative scenario:
Below 142.70 look for further downside with 142.20 & 141.65 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: under pressure.
Pivot:
0.6570
Our preference:
Short positions below 0.6570 with targets at 0.6520 & 0.6500 in extension.
Alternative scenario:
Above 0.6570 look for further upside with 0.6595 & 0.6620 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.