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Publish Date: Wed, 09 Aug 2023, 02:18 AM
EUR/USD Intraday: key resistance at 1.0980.
Pivot:
1.0980
Our preference:
Short positions below 1.0980 with targets at 1.0930 & 1.0910 in extension.
Alternative scenario:
Above 1.0980 look for further upside with 1.1000 & 1.1015 as targets.
Comment:
As long as the resistance at 1.0980 is not surpassed, the risk of the break below 1.0930 remains high.
Gold Intraday: the downside prevails.
Pivot:
1932.00
Our preference:
Short positions below 1932.00 with targets at 1920.00 & 1915.00 in extension.
Alternative scenario:
Above 1932.00 look for further upside with 1937.00 & 1942.00 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (U3) Intraday: expect 84.30.
Pivot:
81.90
Our preference:
Long positions above 81.90 with targets at 83.30 & 84.30 in extension.
Alternative scenario:
Below 81.90 look for further downside with 80.85 & 79.90 as targets.
Comment:
The RSI is mixed with a bullish bias.
GBP/USD Intraday: bullish bias above 1.2720.
Pivot:
1.2720
Our preference:
Long positions above 1.2720 with targets at 1.2770 & 1.2785 in extension.
Alternative scenario:
Below 1.2720 look for further downside with 1.2700 & 1.2685 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: the bias remains bullish.
Pivot:
142.85
Our preference:
Long positions above 142.85 with targets at 143.50 & 143.85 in extension.
Alternative scenario:
Below 142.85 look for further downside with 142.55 & 142.25 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: key resistance at 0.6555.
Pivot:
0.6555
Our preference:
Short positions below 0.6555 with targets at 0.6515 & 0.6495 in extension.
Alternative scenario:
Above 0.6555 look for further upside with 0.6570 & 0.6585 as targets.
Comment:
As long as 0.6555 is resistance, look for choppy price action with a bearish bias.