GOLD (Spot) intraday: rebound.
Pivot: 1387.00Our Preference: LONG positions above 1387 with 1412 & 1424 as next targets.
Alternative scenario: The downside penetration of 1387 will call for a slide towards 1373 & 1350.
Comment: the 1387 support maintains a bullish bias.
Trend: ST Ltd upside; MT Bullish
EUR/USD intraday: under pressure
Alternative scenario: The upside penetration of 1.385 will call for a rebound towards 1.39 & 1.3975.
Comment: the pair remains under pressure and is challenging its previous low.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: the downside prevails.
Pivot: 1.6070.Our Preference: SHORT positions @ 1.606 with targets @ 1.5915 & 1.5875.
Alternative scenario: The upside breakout of 1.607 will open the way to 1.611 & 1.6185.
Comment: the pair stands below its new resistance and remains under pressure.
Trend: ST Ltd Upside; MT Range
Pivot: 81.40.
Our Preference: LONG positions @ 81.45 with 82 & 82.35 in sight.
Alternative scenario: The downside breakout of 81.4 will open the way to 81.25 & 81.
Comment: the pair and its intraday RSI have broken abvove their declining trend lines and remain on the upside.
Trend: ST Ltd Downside; MT Range
USD/CHF intraday: further advance.
Pivot: 0.965
Our preference: Long positions above 0.965 with targets @ 0.975 & 0.98 in extension.
Alternative scenario: Below 0.965 look for further downside with 0.9625 & 0.959 as targets.
Comment: the RSI is well directed, the pair is breaking above its resistance and should post a further up move.
EUR/CHF intraday: under pressure
Pivot: 1.34
Our preference: Short positions below 1.34 with targets @ 1.3315 & 1.3275 in extension.
Alternative scenario: Above 1.34 look for further upside with 1.344 & 1.348 as targets.
Comment: the pair remains under pressure and is challenging its support.
USD/CAD intraday: bullish bias above 1.002
Pivot: 1.002
Our preference: Long positions above 1.002 with targets @ 1.009 & 1.0125 in extension.
Alternative scenario: Below 1.002 look for further downside with 0.998 & 0.996 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/JPY intraday: intraday support around 112.1
Pivot: 112.1
Our preference: Long @ 112.17 with targets @ 113 & 113.35 in extension.
Alternative scenario: Below 112.1 look for further downside with 111.75 & 111.5 as targets.
Comment: the pair stands above its support and should post a rebound.
Our preference: Long @ 112.17 with targets @ 113 & 113.35 in extension.
Alternative scenario: Below 112.1 look for further downside with 111.75 & 111.5 as targets.
Comment: the pair stands above its support and should post a rebound.
EUR/GBP intraday: under pressure
Pivot: 0.8645
Our preference: Short positions below 0.8645 with targets @ 0.858 & 0.8527 in extension.
Alternative scenario: Above 0.8645 look for further upside with 0.869 & 0.8735 as targets.
Comment: the pair is under pressure and is challenging its support, the RSI is badly directed.
NZD/USD intraday: under pressure.
Pivot: 0.785Pivot: 0.8645
Our preference: Short positions below 0.8645 with targets @ 0.858 & 0.8527 in extension.
Alternative scenario: Above 0.8645 look for further upside with 0.869 & 0.8735 as targets.
Comment: the pair is under pressure and is challenging its support, the RSI is badly directed.
NZD/USD intraday: under pressure.
Our preference: Short positions below 0.785 with targets @ 0.774 & 0.771 in extension.
Alternative scenario: Above 0.785 look for further upside with 0.79 & 0.7915 as targets.
Comment: the break below the support at 0.785 triggered a bearish acceleration to the support at 0.774.
GBP/JPY intraday: continuation of the rebound
Pivot: 130.25
Our preference: Long @ 130.4 with targets @ 131.2 & 131.65 in extension.
Alternative scenario: Below 130.25 look for further downside with 129.65 & 128.95 as targets.
Comment: the pair has broken above a bearish channel upper boundary and is approaching its next resistance, the RSI is well directed.
Crude Oil (Dec 10) intraday: further advance
Pivot: 85.45Our Preference: LONG positions above 85.45 with 87.5 & 88.25 as next targets.
Alternative scenario: The downside penetration of 85.45 will call for a slide towards 84.1 & 83.25.
Comment: the RSI calls for a bounce.
Trend: ST Bullish; MT Range
AUD/USD intraday: key ST resistance at 1.0085.
Pivot: 1.0085
Our preference: Short positions below 1.0085 with targets @ 1 & 0.996 in extension.
Alternative scenario: Above 1.0085 look for further upside with 1.012 & 1.0175 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.0085.
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