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| EUR/USD intraday: the upside prevails. |
Pivot: 1.2485.
Our Preference: LONG positions above 1.2485 with 1.255 & 1.2585 as next targets.
Alternative scenario: The downside breakout of 1.2485 will open the way to 1.2425 & 1.2385.
Comment: the pair stands above its support and remains on the upside.
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| GBP/USD intraday: under pressure. |
Pivot: 1.5850.
Our Preference: SHORT positions below 1.585 with 1.579 & 1.5765 in sight.
Alternative scenario: The upside penetration of 1.585 will call for a rebound towards 1.588 & 1.592.
Comment: the pair remains within a bearish channel.
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| USD/CHF intraday: caution. |
Pivot: 0.96.
Our Preference: SHORT positions below 0.961 with targets @ 0.956 & 0.953.
Alternative scenario: The upside breakout of 0.961 will open the way to 0.9655 & 0.9685.
Comment: the pair is approaching its resistance, caution.
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| USD/JPY intraday: the upside prevails. |
Pivot: 78.40.
Our Preference: LONG positions above 78.4 with 78.9 & 79.05 as next targets.
Alternative scenario: The downside penetration of 78.4 will call for 78.25 & 78.1.
Comment: the pair is rebounding and is approaching its resistance.
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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: as long as the resistance at 1.044 is not surpassed, the risk of the break below 1.0375 remains high.
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| GOLD (Spot) intraday: the bias remains bullish. |
Pivot: 1662.00
Our Preference: LONG positions above 1662 with 1679 & 1685 as next targets.
Alternative scenario: The downside breakout of 1662 will open the way to 1656 & 1646.
Comment: the immediate trend remains up and the momentum is strong.
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| SILVER (Spot) intraday: the bias remains bullish. |
Pivot: 30.60
Our Preference: LONG positions above 30.6 with 31.4 & 32 as next targets.
Alternative scenario: The downside penetration of 30.6 will call for a slide towards 30.15 & 29.6.
Comment: the RSI is bullish and calls for further upside.
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| Crude Oil (Oct 12) intraday: rebound. |
Pivot: 96.10
Our Preference: LONG positions above 96.1 with 98.25 & 98.6 in sight.
Alternative scenario: The downside breakout of 96.1 will open the way to 95.3 & 94.95.
Comment: the RSI is mixed with a bullish bias.
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