newsroom
Publish Date: Fri, 13 Oct 2023, 01:51 AM
Crude Oil (WTI) (X3) Intraday: watch 82.30.
Pivot:
84.10
Our preference:
Short positions below 84.10 with targets at 82.80 & 82.30 in extension.
Alternative scenario:
Above 84.10 look for further upside with 84.60 & 85.20 as targets.
Comment:
The RSI advocates for further decline.
EUR/USD Intraday: under pressure.
Pivot:
1.0565
Our preference:
Short positions below 1.0565 with targets at 1.0510 & 1.0490 in extension.
Alternative scenario:
Above 1.0565 look for further upside with 1.0590 & 1.0615 as targets.
Comment:
As long as the resistance at 1.0565 is not surpassed, the risk of the break below 1.0510 remains high.
GBP/USD Intraday: watch 1.2155.
Pivot:
1.2230
Our preference:
Short positions below 1.2230 with targets at 1.2155 & 1.2120 in extension.
Alternative scenario:
Above 1.2230 look for further upside with 1.2265 & 1.2300 as targets.
Comment:
A break below 1.2155 would trigger a drop towards 1.2120.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6370
Our preference:
Short positions below 0.6370 with targets at 0.6285 & 0.6255 in extension.
Alternative scenario:
Above 0.6370 look for further upside with 0.6400 & 0.6430 as targets.
Comment:
The RSI has broken down its 30 level.
USD/JPY Intraday: the upside prevails.
Pivot:
149.30
Our preference:
Long positions above 149.30 with targets at 150.00 & 150.30 in extension.
Alternative scenario:
Below 149.30 look for further downside with 149.00 & 148.65 as targets.
Comment:
The break above 149.30 is a positive signal that has opened a path to 150.00.
Gold Intraday: watch 1861.00.
Pivot:
1878.00
Our preference:
Short positions below 1878.00 with targets at 1866.00 & 1861.00 in extension.
Alternative scenario:
Above 1878.00 look for further upside with 1884.00 & 1890.00 as targets.
Comment:
The RSI advocates for further downside.