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| EUR/USD intraday: under pressure. |
Pivot: 1.2505.
Our Preference: SHORT positions @ 1.2495 with targets @ 1.245 & 1.2425.
Alternative scenario: The upside penetration of 1.2505 will call for a rebound towards 1.2535 & 1.255.
Comment: the pair is rebounding but stands below its new resistance.
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| GBP/USD intraday: under pressure. |
Pivot: 1.5800.
Our Preference: SHORT positions @ 1.579 with 1.574 & 1.5715 as next targets.
Alternative scenario: The upside penetration of 1.58 will call for a rebound towards 1.583 & 1.585.
Comment: the pair remains within a bearish channel.
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| USD/CHF intraday: caution. |
Pivot: 0.96.
Our Preference: LONG positions above 0.96 with targets @ 0.9655 & 0.9685.
Alternative scenario: The downside penetration of 0.96 will call for a slide towards 0.956 & 0.953.
Comment: the pair is pulling back on its new support.
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| USD/JPY intraday: the upside prevails. |
Pivot: 78.40.
Our Preference: LONG positions above 78.4 with 78.7 & 78.9 as next targets.
Alternative scenario: The downside penetration of 78.4 will call for 78.25 & 78.1.
Comment: the pair is pulling back on its support, caution.
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| AUD/USD intraday: capped by a negative trend line. |
Pivot: 1.038
Our preference: Short positions below 1.038 with targets @ 1.032 & 1.03 in extension.
Alternative scenario: Above 1.038 look for further upside with 1.04 & 1.0425 as targets.
Comment: as long as 1.038 is resistance, look for choppy price action with a bearish bias.
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| GOLD (Spot) intraday: the downside prevails. |
Pivot: 1667.00
Our Preference: SHORT positions below 1667 with 1652 & 1646 in sight.
Alternative scenario: The upside penetration of 1667 will call for a rebound towards 1673 & 1679.
Comment: the RSI is bearish and calls for further downside.
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| SILVER (Spot) intraday: the downside prevails. |
Pivot: 30.81
Our Preference: SHORT positions below 30.81 with 30.15 & 29.9 in sight.
Alternative scenario: The upside penetration of 30.81 will call for a rebound towards 31.2 & 31.4.
Comment: the RSI is below its neutrality area at 50%
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| Crude Oil (Oct 12) intraday: key ST resistance at 96.1 |
Pivot: 96.10
Our Preference: SHORT positions below 96.1 with 94.4 & 93 as next targets.
Alternative scenario: The upside breakout of 96.1 will open the way to 96.85 & 97.7.
Comment: as long as the resistance at 96.1 is not surpassed, the risk of the break below 94.4 remains high.
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