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Publish Date: Wed, 30 Aug 2023, 04:30 AM
EUR/USD Intraday: the upside prevails.
Pivot:
1.0840
Our preference:
Long positions above 1.0840 with targets at 1.0890 & 1.0915 in extension.
Alternative scenario:
Below 1.0840 look for further downside with 1.0820 & 1.0800 as targets.
Comment:
The RSI advocates for further upside.
Gold Intraday: aim @ 1950.00.
Pivot:
1926.00
Our preference:
Long positions above 1926.00 with targets at 1942.00 & 1950.00 in extension.
Alternative scenario:
Below 1926.00 look for further downside with 1918.00 & 1913.00 as targets.
Comment:
The RSI shows upside momentum.
Crude Oil (WTI) (V3) Intraday: further advance.
Pivot:
80.40
Our preference:
Long positions above 80.40 with targets at 82.20 & 82.90 in extension.
Alternative scenario:
Below 80.40 look for further downside with 79.70 & 79.20 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: bullish bias above 1.2610.
Pivot:
1.2610
Our preference:
Long positions above 1.2610 with targets at 1.2660 & 1.2680 in extension.
Alternative scenario:
Below 1.2610 look for further downside with 1.2585 & 1.2560 as targets.
Comment:
The RSI calls for a bounce
USD/JPY Intraday: watch 145.30.
Pivot:
146.35
Our preference:
Short positions below 146.35 with targets at 145.65 & 145.30 in extension.
Alternative scenario:
Above 146.35 look for further upside with 146.70 & 147.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: further advance.
Pivot:
0.6450
Our preference:
Long positions above 0.6450 with targets at 0.6500 & 0.6520 in extension.
Alternative scenario:
Below 0.6450 look for further downside with 0.6430 & 0.6415 as targets.
Comment:
The RSI calls for a new upleg.