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| EUR/USD intraday: the downside prevails. |
Pivot: 1.2315.
Our Preference: SHORT positions @ 1.2305 with 1.225 & 1.222 in sight.
Alternative scenario: The upside breakout of 1.2315 will open the way to 1.235 & 1.2385.
Comment: the pair has struck against its resistance and remains under pressure.
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| GBP/USD intraday: the upside prevails. |
Pivot: 1.5645.
Our Preference: LONG positions above 1.5645 with 1.57 & 1.5725 as next targets.
Alternative scenario: The downside penetration of 1.5645 will call for a slide towards 1.5625 & 1.56.
Comment: the pair stands above its support and remains on the upside.
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| USD/CHF intraday: rebound. |
Pivot: 0.97.
Our Preference: LONG positions above 0.974 with targets @ 0.98 & 0.9825.
Alternative scenario: The downside breakout of 0.974 will open the way to 0.9715 & 0.969.
Comment: the pair is rebounding and is approaching its previous high.
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| USD/JPY intraday: further advance. |
Pivot: 78.85.
Our Preference: LONG positions above 78.85 with 79.4 & 79.5 as next targets.
Alternative scenario: The downside breakout of 78.85 will open the way to 78.65 & 78.45.
Comment: the pair has broken above its resistance and remains on the upside.
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| AUD/USD intraday: capped by a negative trend line. |
Pivot: 1.051
Our preference: Short positions below 1.051 with targets @ 1.045 & 1.0415 in extension.
Alternative scenario: Above 1.051 look for further upside with 1.054 & 1.057 as targets.
Comment: as long as 1.051 is resistance, likely decline to 1.045.
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| GOLD (Spot) intraday: bounce. |
Pivot: 1590.00
Our Preference: LONG positions above 1590 with 1608 & 1618 as next targets.
Alternative scenario: The downside breakout of 1590 will open the way to 1584 & 1575.
Comment: a support base at 1590 has formed and has allowed for a temporary stabilisation.
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| SILVER (Spot) intraday: rebound. |
Pivot: 27.48
Our Preference: LONG positions above 27.48 with 28.05 & 28.25 in sight.
Alternative scenario: The downside penetration of 27.48 will call for a slide towards 27.3 & 27.
Comment: the upward breakout of the channel calls for further recovery.
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| Crude Oil (Sep 12) intraday: further upside. |
Pivot: 93.30
Our Preference: LONG positions above 93.3 with 94.9 & 95.3 as next targets.
Alternative scenario: The downside penetration of 93.3 will call for a slide towards 92.65 & 91.75.
Comment: the RSI is supported by a bullish trend line.
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