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Publish Date: Wed, 16 Aug 2023, 06:45 AM
EUR/USD Intraday: the downside prevails.
Pivot:
1.0930
Our preference:
Short positions below 1.0930 with targets at 1.0875 & 1.0860 in extension.
Alternative scenario:
Above 1.0930 look for further upside with 1.0945 & 1.0960 as targets.
Comment:
The RSI is bearish and calls for further decline.
GBP/USD Intraday: towards 1.2660.
Pivot:
1.2730
Our preference:
Short positions below 1.2730 with targets at 1.2680 & 1.2660 in extension.
Alternative scenario:
Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: bullish bias above 145.30.
Pivot:
145.30
Our preference:
Long positions above 145.30 with targets at 145.80 & 146.00 in extension.
Alternative scenario:
Below 145.30 look for further downside with 145.10 & 144.90 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: key resistance at 1911.00.
Pivot:
1911.00
Our preference:
Short positions below 1911.00 with targets at 1896.00 & 1890.00 in extension.
Alternative scenario:
Above 1911.00 look for further upside with 1916.00 & 1921.00 as targets.
Comment:
As long as 1911.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (U3) Intraday: key resistance at 81.75.
Pivot:
81.75
Our preference:
Short positions below 81.75 with targets at 80.40 & 79.90 in extension.
Alternative scenario:
Above 81.75 look for further upside with 82.35 & 83.20 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
AUD/USD Intraday: under pressure.
Pivot:
0.6480
Our preference:
Short positions below 0.6480 with targets at 0.6440 & 0.6425 in extension.
Alternative scenario:
Above 0.6480 look for further upside with 0.6495 & 0.6510 as targets.
Comment:
The RSI calls for a new downleg.