GOLD (Spot) intraday: further upside
Pivot: 1387.00
Our Preference: LONG positions above 1387 with 1424 & 1443 in sight.
Alternative scenario: The downside breakout of 1387 will open the way to 1373 & 1350.
Comment: the RSI broke above a declining trend line.
Our Preference: LONG positions above 1387 with 1424 & 1443 in sight.
Alternative scenario: The downside breakout of 1387 will open the way to 1373 & 1350.
Comment: the RSI broke above a declining trend line.
GBP/USD intraday: key ST resistance at 1.6175
Pivot: 1.6175
Our preference: Short positions below 1.6175 with targets @ 1.602 & 1.5955 in extension.
Alternative scenario: Above 1.6175 look for further upside with 1.6245 & 1.63 as targets.
Comment: the RSI broke below a bullish trend line.
Our preference: Short positions below 1.6175 with targets @ 1.602 & 1.5955 in extension.
Alternative scenario: Above 1.6175 look for further upside with 1.6245 & 1.63 as targets.
Comment: the RSI broke below a bullish trend line.
EUR/USD intraday: key ST resistance at 1.3825
Our preference: Short positions below 1.3825 with targets @ 1.367 & 1.364 in extension.
Alternative scenario: Above 1.3825 look for further upside with 1.39 & 1.3975 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3825
AUD/USD intraday: caution
Our preference: Short positions below 1.0085 with targets @ 0.9975 & 0.9915 in extension.
Alternative scenario: Above 1.0085 look for further upside with 1.0125 & 1.0175 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Alternative scenario: Above 1.0085 look for further upside with 1.0125 & 1.0175 as targets.
Comment: intraday technical indicators are mixed and call for caution.
USD/CAD intraday: key ST resistance at 1.007
Pivot: 1.007
Our preference: Short positions below 1.007 with targets @ 0.998 & 0.996 in extension
Our preference: Short positions below 1.007 with targets @ 0.998 & 0.996 in extension
Alternative scenario: Above 1.007 look for further upside with 1.0095 & 1.0125 as targets.
Comment: as long as 1.007 is resistance, expect a return to 0.998.
Comment: as long as 1.007 is resistance, expect a return to 0.998.
EUR/CHF intraday: continuation of the rebound
Our preference: Long positions above 1.3315 with targets @ 1.344 & 1.348 in extension.
Alternative scenario: Below 1.3315 look for further downside with 1.3275 & 1.323 as targets.
Comment: the RSI lacks downward momentum.
Alternative scenario: Below 1.3315 look for further downside with 1.3275 & 1.323 as targets.
Comment: the RSI lacks downward momentum.
EUR/JPY intraday: bounce.
Pivot: 112.6
Our preference: Long positions above 112.6 with targets @ 114 & 114.5 in extension.
Alternative scenario: Below 112.6 look for further downside with 112.1 & 111.75 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
GBP/JPY intraday: further advance.
Our preference: Long positions above 131.5 with targets @ 133.75 & 134.35 in extension.
Alternative scenario: Below 131.5 look for further downside with 131 & 130.25 as targets.
Comment: the RSI is bullish and calls for further advance.
Alternative scenario: Below 131.5 look for further downside with 131 & 130.25 as targets.
Comment: the RSI is bullish and calls for further advance.
USD/JPY intraday: intraday support around 81.9
Pivot: 81.9
Our preference: Long positions above 81.9 with targets @ 82.75 & 83 in extension.
Alternative scenario: Below 81.9 look for further downside with 81.55 & 81.25 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Our preference: Long positions above 81.9 with targets @ 82.75 & 83 in extension.
Alternative scenario: Below 81.9 look for further downside with 81.55 & 81.25 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
EUR/GBP intraday: under pressure
Our preference: Short positions below 0.8585 with targets @ 0.8527 & 0.8495 in extension.
Alternative scenario: Above 0.8585 look for further upside with 0.8645 & 0.869 as targets.
Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed.
Alternative scenario: Above 0.8585 look for further upside with 0.8645 & 0.869 as targets.
Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed.
USD/CHF intraday: bullish bias above 0.9675
Our preference: Long positions above 0.9675 with targets @ 0.976 & 0.98 in extension.
Alternative scenario: Below 0.9675 look for further downside with 0.965 & 0.9625 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.