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Publish Date: Mon, 07 Aug 2023, 01:46 AM
EUR/USD Intraday: bullish bias above 1.0960
Pivot:
1.0960
Our preference:
Long positions above 1.0960 with targets at 1.1040 & 1.1065 in extension.
Alternative scenario:
Below 1.0960 look for further downside with 1.0935 & 1.0910 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: bullish bias above 1935.00.
Pivot:
1935.00
Our preference:
Long positions above 1935.00 with targets at 1949.00 & 1954.00 in extension.
Alternative scenario:
Below 1935.00 look for further downside with 1929.00 & 1924.00 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (U3) Intraday: further upside.
Pivot:
82.00
Our preference:
Long positions above 82.00 with targets at 83.80 & 84.70 in extension.
Alternative scenario:
Below 82.00 look for further downside with 81.10 & 79.90 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2710
Our preference:
Long positions above 1.2710 with targets at 1.2790 & 1.2810 in extension.
Alternative scenario:
Below 1.2710 look for further downside with 1.2690 & 1.2670 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: the downside prevails.
Pivot:
142.35
Our preference:
Short positions below 142.35 with targets at 141.30 & 141.00 in extension.
Alternative scenario:
Above 142.35 look for further upside with 142.60 & 142.85 as targets.
Comment:
The RSI calls for a new downleg.
AUD/USD Intraday: intraday support around 0.6545.
Pivot:
0.6545
Our preference:
Long positions above 0.6545 with targets at 0.6595 & 0.6610 in extension.
Alternative scenario:
Below 0.6545 look for further downside with 0.6530 & 0.6515 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.