EUR/USD
EUR/USD ST: key resistance at 1.1425.
Pivot: 1.1425
Our preference: Our preference: short positions below 1.1425 with targets at 1.1170 & 1.1100 in extension.
Alternative scenario: Alternative scenario: above 1.1425 look for further upside with 1.1550 & 1.1625 as targets.
Comment: Comment: as long as the resistance at 1.1425 is not surpassed, the risk of the break below 1.1170 remains high.
GBP/USD
GBP/USD ST: watch 1.2770.
Pivot: 1.3300
Our preference: Our preference: short positions below 1.3300 with targets at 1.2950 & 1.2770 in extension.
Alternative scenario: Alternative scenario: above 1.3300 look for further upside with 1.3450 & 1.3620 as targets.
Comment: Comment: a break below 1.2950 would trigger a drop towards 1.2770.
USD/JPY
USD/JPY ST: turning up.
Pivot: 110.6000
Our preference: Our preference: long positions above 110.60 with targets at 112.90 & 114.05 in extension.
Alternative scenario: Alternative scenario: below 110.60 look for further downside with 109.65 & 108.80 as targets.
Comment: Comment: the RSI calls for a new upleg.
AUD/USD
AUD/USD ST: caution.
Pivot: 0.7205
Our preference: Our preference: short positions below 0.7205 with targets at 0.7000 & 0.6870 in extension.
Alternative scenario: Alternative scenario: above 0.7205 look for further upside with 0.7285 & 0.7390 as targets.
Comment: Comment: the upward potential is likely to be limited by the resistance at 0.7205.
USD/CAD
USD/CAD ST: bullish bias above 1.3250.
Pivot: 1.3250
Our preference: Our preference: long positions above 1.3250 with targets at 1.3465 & 1.3555 in extension.
Alternative scenario: Alternative scenario: below 1.3250 look for further downside with 1.3120 & 1.2910 as targets.
Comment: Comment: a support base at 1.3250 has formed and has allowed for a temporary stabilisation.
XAU/USD
Gold spot ST: capped by a negative trend line.
Pivot: 1322.0000
Our preference: Our preference: short positions below 1322.00 with targets at 1276.00 & 1250.00 in extension.
Alternative scenario: Alternative scenario: above 1322.00 look for further upside with 1347.00 & 1365.00 as targets.
Comment: Comment: the RSI lacks upward momentum.
UK/OIL
formula chemistry
Brent (ICE) (M9) ST: further upside.
Pivot: 66.3000
Our preference: Our preference: long positions above 66.30 with targets at 75.10 & 79.35 in extension.
Alternative scenario: Alternative scenario: below 66.30 look for further downside with 63.10 & 59.50 as targets.
Comment: Comment: the RSI advocates for further advance.
