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| EUR/USD intraday: further advance. |
Pivot: 1.2475
Our preference: Long positions above 1.2475 with targets @ 1.2575 & 1.2625 in extension.
Alternative scenario: Below 1.2475 look for further downside with 1.2425 & 1.2385 as targets.
Comment: the pair remains on the upside and should post further advance.
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| GBP/USD intraday: the upside prevails. |
Pivot: 1.582
Our preference: Long positions above 1.582 with targets @ 1.592 & 1.597 in extension.
Alternative scenario: Below 1.582 look for further downside with 1.5765 & 1.5740 as targets.
Comment: the next resistances are at 1.592 and then at 1.597.
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| USD/CHF intraday: the downside prevails. |
Pivot: 0.961
Our preference: Short positions below 0.961 with targets @ 0.9545 & 0.952 in extension.
Alternative scenario: Above 0.961 look for further upside with 0.9655 & 0.9685 as targets.
Comment: the pair stands below its resistance and remains under pressure.
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| USD/JPY intraday: under pressure. |
Pivot: 78.7
Our preference: Short positions below 78.7 with targets @ 78.25 & 78.1 in extension.
Alternative scenario: Above 78.7 look for further upside with 78.9 & 79.05 as targets.
Comment: the pair is rebounding but stands below its resistance.
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| AUD/USD intraday: bullish bias above 1.047. |
Pivot: 1.047
Our preference: Long positions above 1.047 with targets @ 1.052 & 1.055 in extension.
Alternative scenario: Below 1.047 look for further downside with 1.0435 & 1.0405 as targets.
Comment: the RSI lacks downward momentum.
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| GOLD (Spot) intraday: further advance. |
Pivot: 1646.00
Our Preference: LONG positions above 1646 with 1665 & 1671 as next targets.
Alternative scenario: The downside penetration of 1646 will call for a slide towards 1635 & 1626.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| SILVER (Spot) intraday: the bias remains bullish. |
Pivot: 29.75
Our Preference: LONG positions above 29.75 with 30.65 & 31 in sight.
Alternative scenario: The downside penetration of 29.75 will call for 29.2 & 28.85.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| Crude Oil (Oct 12) intraday: rebound in sight. |
Pivot: 96.80
Our Preference: LONG positions above 96.8 with targets @ 98.25 & 98.6.
Alternative scenario: The downside penetration of 96.8 will call for a slide towards 96.25 & 96.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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