EUR/GBP intraday: above its upper Bollinger band

Our pivot point is at 0.8609.Our preference: the upside prevails as long as 0.8609 is support.Alternative scenario: below 0.8609, expect 0.8576 and 0.8557.Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above […]

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EUR/JPY intraday: rebound towards 127.29

Our pivot point is at 126.19. Our preference: rebound towards 127.29. Alternative scenario: below 126.19, expect 125.78 and 125.53. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs […]

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Gold spot Intraday: under pressure.

Pivot: 1290.00 Our preference: short positions below 1290.00 with targets at 1282.50 & 1279.00 in extension. Alternative scenario: above 1290.00 look for further upside with 1291.75 & 1295.00 as targets. Comment: the RSI is bearish and calls for further downside. Chart Caption     Green Lines Represent Resistances     Red Lines […]

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Crude Oil (WTI) (K9) Intraday: key resistance at 63.60.

Pivot: 63.60 Our preference: short positions below 63.60 with targets at 63.05 & 62.75 in extension. Alternative scenario: above 63.60 look for further upside with 64.00 & 64.30 as targets. Comment: as long as the resistance at 63.60 is not surpassed, the risk of the break below 63.05 remains high. […]

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EUR/GBP intraday: the downside prevails as long as 0.8664 is resistance

Our pivot point stands at 0.8664. Our preference: the downside prevails as long as 0.8664 is resistance. Alternative scenario: the upside breakout of 0.8664, would call for 0.8697 and 0.8717. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, […]

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USD/CHF Intraday: bullish bias above 1.0010.

Pivot: 1.0010 Our preference: long positions above 1.0010 with targets at 1.0030 & 1.0045 in extension. Alternative scenario: below 1.0010 look for further downside with 0.9995 & 0.9980 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Chart Caption     […]

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EUR/JPY intraday: as long as 126.27 is support look for 127.36

Our pivot point is at 126.27. Our preference: as long as 126.27 is support look for 127.36. Alternative scenario: the downside breakout of 126.27 would call for 125.86 and 125.61. Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, […]

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Gold spot Intraday: key resistance at 1292.50.

Pivot: 1292.50 Our preference: short positions below 1292.50 with targets at 1286.50 & 1284.00 in extension. Alternative scenario: above 1292.50 look for further upside with 1295.50 & 1299.50 as targets. Comment: as long as the resistance at 1292.50 is not surpassed, the risk of the break below 1286.50 remains high. […]

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Crude Oil (WTI) (K9) Intraday: under pressure.

Pivot: 63.95 Our preference: short positions below 63.95 with targets at 63.30 & 62.95 in extension. Alternative scenario: above 63.95 look for further upside with 64.30 & 64.65 as targets. Comment: as long as 63.95 is resistance, likely decline to 63.30. The bearish cross between 20-period and 50-period moving averages […]

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EUR/USD Intraday: further upside.

Pivot: 1.1285 Our preference: long positions above 1.1285 with targets at 1.1340 & 1.1360 in extension. Alternative scenario: below 1.1285 look for further downside with 1.1270 & 1.1250 as targets. Comment: the RSI shows upside momentum. Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     […]

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