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Publish Date: Thu, 10 Aug 2023, 02:05 AM
EUR/USD Intraday: towards 1.0945.
Pivot:
1.0995
Our preference:
Short positions below 1.0995 with targets at 1.0960 & 1.0945 in extension.
Alternative scenario:
Above 1.0995 look for further upside with 1.1010 & 1.1025 as targets.
Comment:
As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0960 remains high.
Gold Intraday: key resistance at 1924.00.
Pivot:
1924.00
Our preference:
Short positions below 1924.00 with targets at 1912.00 & 1907.00 in extension.
Alternative scenario:
Above 1924.00 look for further upside with 1932.00 & 1937.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (U3) Intraday: intraday support around 83.25.
Pivot:
83.25
Our preference:
Long positions above 83.25 with targets at 84.80 & 85.50 in extension.
Alternative scenario:
Below 83.25 look for further downside with 82.65 & 82.10 as targets.
Comment:
The next resistances are at 84.80 and then at 85.50.
GBP/USD Intraday: under pressure.
Pivot:
1.2745
Our preference:
Short positions below 1.2745 with targets at 1.2700 & 1.2685 in extension.
Alternative scenario:
Above 1.2745 look for further upside with 1.2760 & 1.2780 as targets.
Comment:
The RSI advocates for further decline.
USD/JPY Intraday: the upside prevails.
Pivot:
143.25
Our preference:
Long positions above 143.25 with targets at 143.90 & 144.20 in extension.
Alternative scenario:
Below 143.25 look for further downside with 143.00 & 142.75 as targets.
Comment:
The RSI calls for a bounce.
AUD/USD Intraday: watch 0.6495.
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.