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Publish Date: Fri, 11 Aug 2023, 02:41 AM
EUR/USD Intraday: the downside prevails.
Pivot:
1.1010
Our preference:
Short positions below 1.1010 with targets at 1.0965 & 1.0945 in extension.
Alternative scenario:
Above 1.1010 look for further upside with 1.1030 & 1.1045 as targets.
Comment:
The RSI calls for a new downleg.
Gold Intraday: under pressure.
Pivot:
1921.00
Our preference:
Short positions below 1921.00 with targets at 1905.00 & 1898.00 in extension.
Alternative scenario:
Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (U3) Intraday: look for 81.50.
Pivot:
83.80
Our preference:
Short positions below 83.80 with targets at 82.20 & 81.50 in extension.
Alternative scenario:
Above 83.80 look for further upside with 84.30 & 84.85 as targets.
Comment:
The RSI is below its neutrality area at 50%
GBP/USD Intraday: under pressure.
Pivot:
1.2725
Our preference:
Short positions below 1.2725 with targets at 1.2640 & 1.2610 in extension.
Alternative scenario:
Above 1.2725 look for further upside with 1.2755 & 1.2785 as targets.
Comment:
The RSI is bearish and calls for further decline.
USD/JPY Intraday: further upside.
Pivot:
144.10
Our preference:
Long positions above 144.10 with targets at 145.30 & 145.70 in extension.
Alternative scenario:
Below 144.10 look for further downside with 143.70 & 143.30 as targets.
Comment:
The RSI advocates for further advance.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6550
Our preference:
Short positions below 0.6550 with targets at 0.6495 & 0.6470 in extension.
Alternative scenario:
Above 0.6550 look for further upside with 0.6570 & 0.6590 as targets.
Comment:
The RSI calls for a new downleg.