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| EUR/USD intraday: key resistance at 1.233. |
Pivot: 1.233
Our preference: Short positions below 1.233 with targets @ 1.222 & 1.217 in extension.
Alternative scenario: Above 1.233 look for further upside with 1.239 & 1.244 as targets.
Comment: a break below 1.222 would trigger a drop towards 1.217.
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| GBP/USD intraday: under pressure. |
Pivot: 1.5615
Our preference: Short positions below 1.5615 with targets @ 1.5515 & 1.5470 in extension.
Alternative scenario: Above 1.5615 look for further upside with 1.564 & 1.567 as targets.
Comment: the RSI is capped by a declining trend line.
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| USD/CHF intraday: bullish bias above 0.9735. |
Pivot: 0.9735
Our preference: Long positions above 0.9735 with targets @ 0.9865 & 0.989 in extension.
Alternative scenario: Below 0.9735 look for further downside with 0.969 & 0.965 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| USD/JPY intraday: consolidation. |
Pivot: 78.35
Our preference: Short positions below 78.35 with targets @ 78 & 77.9 in extension.
Alternative scenario: Above 78.35 look for further upside with 78.53 & 78.65 as targets.
Comment: the break below 78.35 is a negative signal that has opened a path to 78.
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| AUD/USD intraday: further advance. |
Pivot: 1.047
Our preference: Long positions above 1.047 with targets @ 1.055 & 1.06 in extension.
Alternative scenario: Below 1.047 look for further downside with 1.043 & 1.038 as targets.
Comment: the RSI calls for a new upleg.
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| GOLD (Spot) intraday: key ST resistance at 1607 |
Pivot: 1607.00
Our Preference: SHORT positions below 1607 with 1592 & 1589 as next targets.
Alternative scenario: The upside penetration of 1607 will call for 1611 & 1619.
Comment: the RSI is bearish and calls for further downside.
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| SILVER (Spot) intraday: key ST resistance at 27.8 |
Pivot: 27.80
Our Preference: SHORT positions below 27.8 with 27.1 & 26.8 as next targets.
Alternative scenario: The upside penetration of 27.8 will call for 28.05 & 28.35.
Comment: technically, the RSI is below its neutrality area at 50.
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| Crude Oil (Sep 12) intraday: the bias remains bullish. |
Pivot: 87.90
Our Preference: LONG positions above 87.9 with 89.75 & 90.3 as next targets.
Alternative scenario: The downside breakout of 87.9 will open the way to 87.3 & 86.8.
Comment: the RSI is above its neutrality area at 50%.
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