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Publish Date: Tue, 12 Sep 2023, 02:20 AM
EUR/USD Intraday: further advance.
Pivot:
1.0730
Our preference:
Long positions above 1.0730 with targets at 1.0760 & 1.0775 in extension.
Alternative scenario:
Below 1.0730 look for further downside with 1.0715 & 1.0700 as targets.
Comment:
The RSI advocates for further upside.
GBP/USD Intraday: consolidation.
Pivot:
1.2530
Our preference:
Short positions below 1.2530 with targets at 1.2500 & 1.2485 in extension.
Alternative scenario:
Above 1.2530 look for further upside with 1.2545 & 1.2565 as targets.
Comment:
The RSI is mixed with a bearish bias.
AUD/USD Intraday: bullish bias above 0.6405.
Pivot:
0.6405
Our preference:
Long positions above 0.6405 with targets at 0.6445 & 0.6460 in extension.
Alternative scenario:
Below 0.6405 look for further downside with 0.6390 & 0.6370 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: rebound in sight.
Pivot:
146.20
Our preference:
Long positions above 146.20 with targets at 146.90 & 147.10 in extension.
Alternative scenario:
Below 146.20 look for further downside with 145.90 & 145.60 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: expect 1930.00.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1930.00 & 1935.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1914.00 & 1909.00 as targets.
Comment:
A support base at 1918.00 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (V3) Intraday: supported by a rising trend line.
Pivot:
86.80
Our preference:
Long positions above 86.80 with targets at 88.15 & 88.50 in extension.
Alternative scenario:
Below 86.80 look for further downside with 86.15 & 85.75 as targets.
Comment:
The RSI is mixed with a bullish bias.