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| EUR/USD intraday: caution. |
Pivot: 1.2485.
Our Preference: LONG positions above 1.2485 with targets @ 1.255 & 1.2585.
Alternative scenario: The downside penetration of 1.2485 will call for 1.2425 & 1.2385.
Comment: the pair is facing a pull back, the RSI is mixed and calls for caution.
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| GBP/USD intraday: the bias remains bullish. |
Pivot: 1.582
Our preference: Long positions above 1.582 with targets @ 1.588 & 1.592 in extension.
Alternative scenario: Below 1.582 look for further downside with 1.5765 & 1.5740 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: caution. |
Pivot: 0.961
Our preference: Short positions below 0.961 with targets @ 0.956 & 0.953 in extension.
Alternative scenario: Above 0.961 look for further upside with 0.9655 & 0.9685 as targets.
Comment: the pair is rebounding but stands below its resistance.
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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 has struck against its resistance and remains under pressure.
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| AUD/USD intraday: under pressure. |
Pivot: 1.044
Our preference: Short positions below 1.044 with targets @ 1.0375 & 1.0345 in extension.
Alternative scenario: Above 1.044 look for further upside with 1.0485 & 1.052 as targets.
Comment: technically, the RSI is below its neutrality area at 50.
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| GOLD (Spot) intraday: further upside. |
Pivot: 1656.00
Our Preference: LONG positions above 1656 with 1679 & 1685 in sight.
Alternative scenario: The downside penetration of 1656 will call for 1646 & 1635.
Comment: the immediate trend remains up and the momentum is strong.
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| SILVER (Spot) intraday: further advance. |
Pivot: 30.10
Our Preference: LONG positions above 30.1 with 30.8 & 31 as next targets.
Alternative scenario: The downside penetration of 30.1 will call for 29.6 & 29.2.
Comment: the RSI is bullish and calls for further upside.
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| Crude Oil (Oct 12) intraday: the downside prevails. |
Pivot: 97.30
Our Preference: SHORT positions below 97.3 with 95.3 & 94.95 in sight.
Alternative scenario: The upside penetration of 97.3 will call for a rebound towards 98.25 & 98.6.
Comment: the break below 97.3 is a negative signal that has opened a path to 95.3.
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