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| EUR/USD intraday: the downside prevails. |
Pivot: 1.2345
Our preference: Short positions below 1.2345 with targets @ 1.228 & 1.225 in extension.
Alternative scenario: Above 1.2345 look for further upside with 1.2385 & 1.2405 as targets.
Comment: the pair has broken below its support and remains on the downside as the RSI is badly directed.
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| GBP/USD intraday: under pressure. |
Pivot: 1.5725
Our preference: Short positions below 1.5725 with targets @ 1.5675 & 1.5655 in extension.
Alternative scenario: Above 1.5725 look for further upside with 1.5745 & 1.577 as targets.
Comment: the pair is under pressure and is challenging its support.
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| USD/CHF intraday: rebound. |
Pivot: 0.9705
Our preference: Long positions above 0.9705 with targets @ 0.9775 & 0.98 in extension.
Alternative scenario: Below 0.9705 look for further downside with 0.969 & 0.967 as targets.
Comment: the pair is rebounding and is approaching its next resistance.
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| USD/JPY intraday: further advance. |
Pivot: 79.35
Our preference: Long positions above 79.35 with targets @ 79.7 & 79.85 in extension.
Alternative scenario: Below 79.35 look for further downside with 79.05 & 78.8 as targets.
Comment: the next resistances are at 79.7 and then at 79.85.
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| AUD/USD intraday: bullish bias above 1.043. |
Pivot: 1.043
Our preference: Long positions above 1.043 with targets @ 1.047 & 1.05 in extension.
Alternative scenario: Below 1.043 look for further downside with 1.04 & 1.038 as targets.
Comment: the RSI lacks downward momentum.
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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 penetration of 1610 will call for 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: bounce. |
Pivot: 28.00
Our Preference: LONG positions above 28 with targets @ 28.35 & 28.45.
Alternative scenario: The downside breakout of 28 will open the way to 27.71 & 27.48.
Comment: intraday support around 28
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| Crude Oil (Sep 12) intraday: the bias remains bullish. |
Pivot: 95.65
Our Preference: LONG positions above 95.65 with 96.5 & 97 as next targets.
Alternative scenario: The downside penetration of 95.65 will call for 95 & 93.9.
Comment: the price remains within a bullish cahnnel.
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