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| EUR/USD intraday: the upside prevails. |
Pivot: 1.233
Our preference: Long positions above 1.233 with targets @ 1.2385 & 1.241 in extension.
Alternative scenario: Below 1.233 look for further downside with 1.231 & 1.228 as targets.
Comment: the pair is rebounding on its new support and should post further advance.
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| GBP/USD intraday: the upside prevails. |
Pivot: 1.568
Our preference: Long positions above 1.568 with targets @ 1.572 & 1.5745 in extension.
Alternative scenario: Below 1.568 look for further downside with 1.5655 & 1.5625 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| USD/CHF intraday: key ST resistance at 0.975. |
Pivot: 0.975
Our preference: Short positions below 0.975 with targets @ 0.969 & 0.967 in extension.
Alternative scenario: Above 0.975 look for further upside with 0.98 & 0.983 as targets.
Comment: as long as 0.975 is resistance, likely decline to 0.969.
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| USD/JPY intraday: watch 79.5. |
Pivot: 79.05
Our preference: Long positions above 79.05 with targets @ 79.5 & 79.7 in extension.
Alternative scenario: Below 79.05 look for further downside with 78.8 & 78.6 as targets.
Comment: the pair remains on the upside as the RSI is well directed.
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| AUD/USD intraday: the downside prevails. |
Pivot: 1.0475
Our preference: Short positions below 1.0475 with targets @ 1.042 & 1.04 in extension.
Alternative scenario: Above 1.0475 look for further upside with 1.05 & 1.053 as targets.
Comment: the RSI broke below a bullish trend line.
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| GOLD (Spot) intraday: the bias remains bullish. |
Pivot: 1610.00
Our Preference: LONG positions above 1610 with 1623 & 1630 in sight.
Alternative scenario: The downside breakout of 1610 will open the way to 1606 & 1600.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| SILVER (Spot) intraday: rebound in sight. |
Pivot: 28.00
Our Preference: LONG positions above 28 with 28.35 & 28.45 in sight.
Alternative scenario: The downside penetration of 28 will call for a slide towards 27.71 & 27.48.
Comment: the RSI is negative but supported by a strong support.
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| Crude Oil (Sep 12) intraday: further advance. |
Pivot: 94.85
Our Preference: LONG positions above 94.85 with 96 & 96.4 in sight.
Alternative scenario: The downside penetration of 94.85 will call for a slide towards 93.9 & 93.5.
Comment: the RSI is supported by a rising trend line.
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