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Publish Date: Mon, 04 Sep 2023, 02:37 AM
EUR/USD Intraday: under pressure.
Pivot:
1.0810
Our preference:
Short positions below 1.0810 with targets at 1.0750 & 1.0720 in extension.
Alternative scenario:
Above 1.0810 look for further upside with 1.0830 & 1.0850 as targets.
Comment:
The RSI is bearish and calls for further decline.
GBP/USD Intraday: towards 1.2530.
Pivot:
1.2630
Our preference:
Short positions below 1.2630 with targets at 1.2560 & 1.2530 in extension.
Alternative scenario:
Above 1.2630 look for further upside with 1.2660 & 1.2690 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: watch 146.80.
Pivot:
145.70
Our preference:
Long positions above 145.70 with targets at 146.50 & 146.80 in extension.
Alternative scenario:
Below 145.70 look for further downside with 145.40 & 145.10 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: key resistance at 1946.00.
Pivot:
1946.00
Our preference:
Short positions below 1946.00 with targets at 1934.00 & 1927.00 in extension.
Alternative scenario:
Above 1946.00 look for further upside with 1953.00 & 1960.00 as targets.
Comment:
As long as the resistance at 1946.00 is not surpassed, the risk of the break below 1934.00 remains high.
Crude Oil (WTI) (V3) Intraday: further advance.
Pivot:
84.60
Our preference:
Long positions above 84.60 with targets at 87.00 & 88.00 in extension.
Alternative scenario:
Below 84.60 look for further downside with 84.00 & 83.30 as targets.
Comment:
The next resistances are at 87.00 and then at 88.00.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6470
Our preference:
Short positions below 0.6470 with targets at 0.6435 & 0.6420 in extension.
Alternative scenario:
Above 0.6470 look for further upside with 0.6490 & 0.6510 as targets.
Comment:
The RSI is bearish and calls for further downside.