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Publish Date: Tue, 15 Aug 2023, 02:40 AM
EUR/USD Intraday: capped by a negative trend line.
Pivot:
1.0935
Our preference:
Short positions below 1.0935 with targets at 1.0875 & 1.0855 in extension.
Alternative scenario:
Above 1.0935 look for further upside with 1.0955 & 1.0975 as targets.
Comment:
The RSI advocates for further downside.
GBP/USD Intraday: bullish bias above 1.2650.
Pivot:
1.2650
Our preference:
Long positions above 1.2650 with targets at 1.2710 & 1.2735 in extension.
Alternative scenario:
Below 1.2650 look for further downside with 1.2625 & 1.2600 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: further advance.
Pivot:
145.15
Our preference:
Long positions above 145.15 with targets at 145.75 & 146.00 in extension.
Alternative scenario:
Below 145.15 look for further downside with 144.95 & 144.75 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (U3) Intraday: key resistance at 83.20.
Pivot:
83.20
Our preference:
Short positions below 83.20 with targets at 81.75 & 80.80 in extension.
Alternative scenario:
Above 83.20 look for further upside with 83.80 & 84.30 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
Gold Intraday: expect 1896.00.
Pivot:
1915.00
Our preference:
Short positions below 1915.00 with targets at 1902.00 & 1896.00 in extension.
Alternative scenario:
Above 1915.00 look for further upside with 1921.00 & 1927.00 as targets.
Comment:
A break below 1902.00 would trigger a drop towards 1896.00.
AUD/USD Intraday: watch 0.6520.
Pivot:
0.6470
Our preference:
Long positions above 0.6470 with targets at 0.6505 & 0.6520 in extension.
Alternative scenario:
Below 0.6470 look for further downside with 0.6455 & 0.6440 as targets.
Comment:
The RSI calls for a rebound.