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Publish Date: Wed, 23 Aug 2023, 02:02 AM
EUR/USD Intraday: under pressure.
Pivot:
1.0870
Our preference:
Short positions below 1.0870 with targets at 1.0820 & 1.0800 in extension.
Alternative scenario:
Above 1.0870 look for further upside with 1.0890 & 1.0910 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: watch 1.2690.
Pivot:
1.2750
Our preference:
Short positions below 1.2750 with targets at 1.2710 & 1.2690 in extension.
Alternative scenario:
Above 1.2750 look for further upside with 1.2770 & 1.2785 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: towards 145.30.
Pivot:
146.15
Our preference:
Short positions below 146.15 with targets at 145.50 & 145.30 in extension.
Alternative scenario:
Above 146.15 look for further upside with 146.35 & 146.60 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: watch 1911.00.
Pivot:
1890.00
Our preference:
Long positions above 1890.00 with targets at 1904.00 & 1911.00 in extension.
Alternative scenario:
Below 1890.00 look for further downside with 1884.00 & 1878.00 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (V3) Intraday: under pressure.
Pivot:
80.30
Our preference:
Short positions below 80.30 with targets at 79.05 & 78.60 in extension.
Alternative scenario:
Above 80.30 look for further upside with 81.00 & 81.70 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: bullish bias above 0.6405.
Pivot:
0.6405
Our preference:
Long positions above 0.6405 with targets at 0.6440 & 0.6455 in extension.
Alternative scenario:
Below 0.6405 look for further downside with 0.6390 & 0.6375 as targets.
Comment:
The RSI calls for a bounce.