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| EUR/USD intraday: the upside prevails. |
Pivot: 1.2425
Our preference: Long positions above 1.2425 with targets @ 1.2485 & 1.2505 in extension.
Alternative scenario: Below 1.2425 look for further downside with 1.2385 & 1.2335 as targets.
Comment: the pair stands above its support and is shaping a bullish flag.
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| GBP/USD intraday: the upside prevails. |
Pivot: 1.574
Our preference: Long positions above 1.574 with targets @ 1.582 & 1.5845 in extension.
Alternative scenario: Below 1.574 look for further downside with 1.5715 & 1.5695 as targets.
Comment: the pair remains on the upside.
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| USD/CHF intraday: the downside prevails. |
Pivot: 0.9685
Our preference: Short positions below 0.9685 with targets @ 0.96 & 0.9565 in extension.
Alternative scenario: Above 0.9685 look for further upside with 0.9725 & 0.975 as targets.
Comment: as long as 0.9685 is resistance, likely decline to 0.96.
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| USD/JPY intraday: under pressure. |
Pivot: 79.5
Our preference: Short positions below 79.5 with targets @ 79.05 & 78.8 in extension.
Alternative scenario: Above 79.5 look for further upside with 79.7 & 79.85 as targets.
Comment: a break below 79.05 would trigger a drop towards 78.8.
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| AUD/USD intraday: the downside prevails. |
Pivot: 1.0475
Our preference: Short positions below 1.0475 with targets @ 1.0405 & 1.038 in extension.
Alternative scenario: Above 1.0475 look for further upside with 1.052 & 1.055 as targets.
Comment: the RSI broke below a rising trend line.
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| GOLD (Spot) intraday: further upside. |
Pivot: 1633.00
Our Preference: LONG positions above 1633 with 1645 & 1657 as next targets.
Alternative scenario: The downside penetration of 1633 will call for a slide towards 1626 & 1622.
Comment: the RSI is mixed and calls for caution.
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| SILVER (Spot) intraday: further advance. |
Pivot: 29.10
Our Preference: LONG positions above 29.1 with targets @ 29.62 & 29.85.
Alternative scenario: The downside breakout of 29.1 will open the way to 28.85 & 28.3.
Comment: the RSI lacks downward momentum.
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| Crude Oil (Oct 12) intraday: the downside prevails. |
Pivot: 97.05
Our Preference: SHORT positions below 97.05 with 96 & 95.3 in sight.
Alternative scenario: The upside penetration of 97.05 will call for a rebound towards 97.8 & 98.15.
Comment: the downward breakout of the bullish channel is a bearish signal. Further consolidation is more likely.
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