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Publish Date: Fri, 25 Aug 2023, 03:14 AM
EUR/USD Intraday: the downside prevails.
Pivot:
1.0830
Our preference:
Short positions below 1.0830 with targets at 1.0780 & 1.0760 in extension.
Alternative scenario:
Above 1.0830 look for further upside with 1.0850 & 1.0875 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: under pressure.
Pivot:
1.2640
Our preference:
Short positions below 1.2640 with targets at 1.2570 & 1.2540 in extension.
Alternative scenario:
Above 1.2640 look for further upside with 1.2670 & 1.2700 as targets.
Comment:
The RSI has broken down its 30 level.
USD/JPY Intraday: further upside.
Pivot:
145.45
Our preference:
Long positions above 145.45 with targets at 146.35 & 146.70 in extension.
Alternative scenario:
Below 145.45 look for further downside with 145.10 & 144.80 as targets.
Comment:
The RSI is bullish and calls for further advance.
Gold Intraday: intraday support around 1911.00.
Pivot:
1911.00
Our preference:
Long positions above 1911.00 with targets at 1923.00 & 1930.00 in extension.
Alternative scenario:
Below 1911.00 look for further downside with 1905.00 & 1900.00 as targets.
Comment:
A support base at 1911.00 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (V3) Intraday: intraday support around 78.30.
Pivot:
78.30
Our preference:
Long positions above 78.30 with targets at 79.85 & 80.30 in extension.
Alternative scenario:
Below 78.30 look for further downside with 77.60 & 77.00 as targets.
Comment:
The next resistances are at 79.85 and then at 80.30.
AUD/USD Intraday: watch 0.6370.
Pivot:
0.6445
Our preference:
Short positions below 0.6445 with targets at 0.6390 & 0.6370 in extension.
Alternative scenario:
Above 0.6445 look for further upside with 0.6465 & 0.6485 as targets.
Comment:
The RSI is bearish and calls for further downside.