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Publish Date: Tue, 08 Aug 2023, 02:56 AM
EUR/USD Intraday: watch 1.1040.
Pivot:
1.0975
Our preference:
Long positions above 1.0975 with targets at 1.1020 & 1.1040 in extension.
Alternative scenario:
Below 1.0975 look for further downside with 1.0955 & 1.0935 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: range.
Pivot:
1942.00
Our preference:
Short positions below 1942.00 with targets at 1929.00 & 1924.00 in extension.
Alternative scenario:
Above 1942.00 look for further upside with 1946.00 & 1949.00 as targets.
Comment:
As long as 1942.00 is resistance, expect a return to 1929.00.
Crude Oil (WTI) (U3) Intraday: intraday support around 81.90.
Pivot:
81.90
Our preference:
Long positions above 81.90 with targets at 82.80 & 83.30 in extension.
Alternative scenario:
Below 81.90 look for further downside with 81.50 & 81.00 as targets.
Comment:
The next resistances are at 82.80 and then at 83.30.
GBP/USD Intraday: further advance.
Pivot:
1.2740
Our preference:
Long positions above 1.2740 with targets at 1.2810 & 1.2830 in extension.
Alternative scenario:
Below 1.2740 look for further downside with 1.2725 & 1.2710 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: continuation of the rebound.
Pivot:
141.90
Our preference:
Long positions above 141.90 with targets at 142.80 & 143.10 in extension.
Alternative scenario:
Below 141.90 look for further downside with 141.55 & 141.20 as targets.
Comment:
The RSI advocates for further upside.
AUD/USD Intraday: bullish bias above 0.6550.
Pivot:
0.6550
Our preference:
Long positions above 0.6550 with targets at 0.6590 & 0.6610 in extension.
Alternative scenario:
Below 0.6550 look for further downside with 0.6535 & 0.6520 as targets.
Comment:
The RSI calls for a rebound.