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Publish Date: Tue, 26 Sep 2023, 02:03 AM
EUR/USD Intraday: under pressure.
Pivot:
1.0615
Our preference:
Short positions below 1.0615 with targets at 1.0575 & 1.0560 in extension.
Alternative scenario:
Above 1.0615 look for further upside with 1.0630 & 1.0650 as targets.
Comment:
The RSI is bearish and calls for further decline.
GBP/USD Intraday: capped by a negative trend line.
Pivot:
1.2230
Our preference:
Short positions below 1.2230 with targets at 1.2195 & 1.2180 in extension.
Alternative scenario:
Above 1.2230 look for further upside with 1.2250 & 1.2265 as targets.
Comment:
As long as 1.2230 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: key resistance at 0.6435.
Pivot:
0.6435
Our preference:
Short positions below 0.6435 with targets at 0.6405 & 0.6390 in extension.
Alternative scenario:
Above 0.6435 look for further upside with 0.6450 & 0.6465 as targets.
Comment:
As long as 0.6435 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 148.50.
Pivot:
148.50
Our preference:
Long positions above 148.50 with targets at 149.10 & 149.30 in extension.
Alternative scenario:
Below 148.50 look for further downside with 148.30 & 148.05 as targets.
Comment:
The RSI is above its neutrality area at 50%.
Crude Oil (WTI) (X3) Intraday: key resistance at 90.15.
Pivot:
90.15
Our preference:
Short positions below 90.15 with targets at 89.35 & 89.00 in extension.
Alternative scenario:
Above 90.15 look for further upside with 90.80 & 91.30 as targets.
Comment:
As long as the resistance at 90.15 is not surpassed, the risk of the break below 89.35 remains high.
Gold Intraday: the downside prevails.
Pivot:
1922.00
Our preference:
Short positions below 1922.00 with targets at 1913.00 & 1908.00 in extension.
Alternative scenario:
Above 1922.00 look for further upside with 1927.00 & 1933.00 as targets.
Comment:
The RSI calls for a new downleg.