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Publish Date: Fri, 08 Sep 2023, 02:11 AM
EUR/USD Intraday: the downside prevails.
Pivot:
1.0710
Our preference:
Short positions below 1.0710 with targets at 1.0680 & 1.0660 in extension.
Alternative scenario:
Above 1.0710 look for further upside with 1.0730 & 1.0745 as targets.
Comment:
The RSI calls for a new downleg.
GBP/USD Intraday: key resistance at 1.2490.
Pivot:
1.2490
Our preference:
Short positions below 1.2490 with targets at 1.2450 & 1.2430 in extension.
Alternative scenario:
Above 1.2490 look for further upside with 1.2510 & 1.2530 as targets.
Comment:
As long as 1.2490 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: key resistance at 0.6390.
Pivot:
0.6390
Our preference:
Short positions below 0.6390 with targets at 0.6360 & 0.6345 in extension.
Alternative scenario:
Above 0.6390 look for further upside with 0.6405 & 0.6420 as targets.
Comment:
As long as 0.6390 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 147.00.
Pivot:
147.00
Our preference:
Long positions above 147.00 with targets at 147.50 & 147.70 in extension.
Alternative scenario:
Below 147.00 look for further downside with 146.80 & 146.60 as targets.
Comment:
The RSI calls for a rebound.
Gold Intraday: bounce.
Pivot:
1915.00
Our preference:
Long positions above 1915.00 with targets at 1924.00 & 1929.00 in extension.
Alternative scenario:
Below 1915.00 look for further downside with 1909.00 & 1904.00 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (V3) Intraday: under pressure.
Pivot:
87.55
Our preference:
Short positions below 87.55 with targets at 85.95 & 85.50 in extension.
Alternative scenario:
Above 87.55 look for further upside with 88.05 & 88.65 as targets.
Comment:
The RSI is below its neutrality area at 50%