Forex Serbia D. T. A.

Towards 20.9
Regarding the chart:
* As long as the process of higher bottoms & higher tops begun in January 2016 remains intact, look for further upside

Regarding technical indicators:
* The 50-day simple moving average is in support
* The RSI is expected to bounce its 50% level off

Trading strategy
Buy @ $19.47 - Stop loss @ $19 - Target @ $20.9
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Glossary:

EUR/USD Intraday: key resistance at 1.1210.
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Pivot: 1.1210
Most Likely Scenario: short positions below 1.1210 with targets @ 1.1145 & 1.1130 in extension.
Alternative scenario: above 1.1210 look for further upside with 1.1240 & 1.1255 as targets.
Comment: the RSI shows downside momentum.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3120
Most Likely Scenario: short positions below 1.3120 with targets @ 1.3055 & 1.3030 in extension.
Alternative scenario: above 1.3120 look for further upside with 1.3165 & 1.3210 as targets.
Comment: the RSI is mixed to bearish.

USD/JPY Intraday: the bias remains bullish.
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Pivot: 101.65
Most Likely Scenario: long positions above 101.65 with targets @ 102.50 & 102.80 in extension.
Alternative scenario: below 101.65 look for further downside with 101.30 & 100.85 as targets.
Comment: The pair has validated a bullish flag.

AUD/USD Intraday: under pressure.
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Pivot: 0.7580
Most Likely Scenario: short positions below 0.7580 with targets @ 0.7530 & 0.7510 in extension.
Alternative scenario: above 0.7580 look for further upside with 0.7600 & 0.7645 as targets.
Comment: the RSI is mixed to bearish.

Gold spot Intraday: bounce.
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Pivot: 1314.80
Most Likely Scenario: long positions above 1314.80 with targets @ 1331.25 & 1335.00 in extension.
Alternative scenario: below 1314.80 look for further downside with 1309.50 & 1304.50 as targets.
Comment: the RSI lacks downward momentum.

Crude Oil (WTI) (V6) Intraday: key resistance at 47.40.
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Pivot: 47.40
Most Likely Scenario: short positions below 47.40 with targets @ 46.40 & 45.81 in extension.
Alternative scenario: above 47.40 look for further upside with 47.96 & 48.45 as targets.
Comment: the upward potential is likely to be limited by the resistance at 47.40.

S&P-ASX 200: the bias remains bullish.
[You must be registered and logged in to see this image.]Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5425.00
Our preference: long positions above 5425.00 with targets @ 5730.00 & 5800.00 in extension.
Alternative scenario: below 5425.00 look for further downside with 5280.00 & 5050.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.

In order to leverage this directional view we have selected the following product:

AUD/USD ST: the upside prevails.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 0.7325
Our preference: long positions above 0.7325 with targets @ 0.7840 & 0.8080 in extension.
Alternative scenario: below 0.7325 look for further downside with 0.7150 & 0.6920 as targets.
Comment: the RSI is mixed to bullish.

In order to leverage this directional view we have selected the following product:

EUR/USD Intraday: the downside prevails.
[You must be registered and logged in to see this image.]Pivot: 1.1255
Most Likely Scenario: short positions below 1.1255 with targets @ 1.1165 & 1.1145 in extension.
Alternative scenario: above 1.1255 look for further upside with 1.1280 & 1.1310 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3210
Most Likely Scenario: short positions below 1.3210 with targets @ 1.3090 & 1.3030 in extension.
Alternative scenario: above 1.3210 look for further upside with 1.3275 & 1.3305 as targets.
Comment: the RSI is mixed to bearish.


USD/JPY Intraday: further upside.
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Pivot: 101.30
Most Likely Scenario: long positions above 101.30 with targets @ 102.50 & 102.80 in extension.
Alternative scenario: below 101.30 look for further downside with 100.85 & 100.50 as targets.
Comment: the RSI advocates for further advance.

AUD/USD Intraday: key resistance at 0.7600.
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Pivot: 0.7600
Most Likely Scenario: short positions below 0.7600 with targets @ 0.7510 & 0.7480 in extension.
Alternative scenario: above 0.7600 look for further upside with 0.7645 & 0.7695 as targets.
Comment: as long as the resistance at 0.7600 is not surpassed, the risk of the break below 0.7510 remains high.

Gold spot Intraday: under pressure.
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Pivot: 1324.40
Most Likely Scenario: short positions below 1324.40 with targets @ 1309.50 & 1304.50 in extension.
Alternative scenario: above 1324.40 look for further upside with 1331.25 & 1340.00 as targets.
Comment: the RSI broke below a bullish trend line.


Crude Oil (WTI) (V6) Intraday: bullish bias above 46.43.
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Pivot: 46.43
Most Likely Scenario: long positions above 46.43 with targets @ 47.96 & 48.50 in extension.
Alternative scenario: below 46.43 look for further downside with 45.81 & 45.00 as targets.
Comment: a support base at 46.43 has formed and has allowed for a temporary stabilisation.

EUR/USD Intraday: under pressure.
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Pivot: 1.1300
Most Likely Scenario: short positions below 1.1300 with targets @ 1.1255 & 1.1240 in extension.
Alternative scenario: above 1.1300 look for further upside with 1.1325 & 1.1350 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD Intraday: under pressure.
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Pivot: 1.3275
Most Likely Scenario: short positions below 1.3275 with targets @ 1.3160 & 1.3120 in extension.
Alternative scenario: above 1.3275 look for further upside with 1.3305 & 1.3345 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: supported by a rising trend line.
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Pivot: 100.25
Most Likely Scenario: long positions above 100.25 with targets @ 100.60 & 100.90 in extension.
Alternative scenario: below 100.25 look for further downside with 100.10 & 99.95 as targets.
Comment: the RSI is mixed to bullish.

AUD/USD Intraday: caution.
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Pivot: 0.7635
Most Likely Scenario: short positions below 0.7635 with targets @ 0.7585 & 0.7560 in extension.
Alternative scenario: above 0.7635 look for further upside with 0.7655 & 0.7680 as targets.
Comment: the RSI is mixed and calls for caution.

Gold spot Intraday: key resistance at 1331.50.
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Pivot: 1331.50
Most Likely Scenario: short positions below 1331.50 with targets @ 1315.50 & 1310.00 in extension.
Alternative scenario: above 1331.50 look for further upside with 1340.00 & 1345.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1331.50.

Crude Oil (WTI) (V6) Intraday: key resistance at 47.70.
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Pivot: 47.70
Most Likely Scenario: short positions below 47.70 with targets @ 46.43 & 45.81 in extension.
Alternative scenario: above 47.70 look for further upside with 48.34 & 49.35 as targets.
Comment: the upward potential is likely to be limited by the resistance at 47.70.

EUR/USD Intraday: under pressure.
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Pivot: 1.1300
Most Likely Scenario: short positions below 1.1300 with targets @ 1.1240 & 1.1225 in extension.
Alternative scenario: above 1.1300 look for further upside with 1.1325 & 1.1350 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


GBP/USD Intraday: supported by a rising trend line.
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Pivot: 1.3200
Most Likely Scenario: long positions above 1.3200 with targets @ 1.3275 & 1.3305 in extension.
Alternative scenario: below 1.3200 look for further downside with 1.3160 & 1.3120 as targets.
Comment: The pair is trading within a bullish channel.


USD/JPY Intraday: the bias remains bullish.
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Pivot: 100.10
Most Likely Scenario: long positions above 100.10 with targets @ 100.60 & 100.90 in extension.
Alternative scenario: below 100.10 look for further downside with 99.95 & 99.80 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: key resistance at 0.7635.
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Pivot: 0.7635
Most Likely Scenario: short positions below 0.7635 with targets @ 0.7585 & 0.7560 in extension.
Alternative scenario: above 0.7635 look for further upside with 0.7655 & 0.7680 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7635.


Gold spot Intraday: key resistance at 1335.00.
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Pivot: 1335.00
Most Likely Scenario: short positions below 1335.00 with targets @ 1321.00 & 1315.50 in extension.
Alternative scenario: above 1335.00 look for further upside with 1340.00 & 1345.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1335.00.


Crude Oil (WTI) (V6) Intraday: under pressure.
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Pivot: 47.70
Most Likely Scenario: short positions below 47.70 with targets @ 45.81 & 45.00 in extension.
Alternative scenario: above 47.70 look for further upside with 48.34 & 49.35 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

EUR/USD Intraday: further advance.
[You must be registered and logged in to see this image.]Pivot: 1.1300
Most Likely Scenario: long positions above 1.1300 with targets @ 1.1350 & 1.1365 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1270 & 1.1250 as targets.
Comment: the RSI is bullish and calls for further upside.

GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.3085
Most Likely Scenario: long positions above 1.3085 with targets @ 1.3175 & 1.3220 in extension.
Alternative scenario: below 1.3085 look for further downside with 1.3030 & 1.2990 as targets.
Comment: the RSI shows upside momentum.

USD/JPY Intraday: the downside prevails.
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Pivot: 100.65
Most Likely Scenario: short positions below 100.65 with targets @ 100.00 & 99.80 in extension.
Alternative scenario: above 100.65 look for further upside with 100.90 & 101.20 as targets.
Comment: a break below 100.00 would trigger a drop towards 99.80.

AUD/USD Intraday: rebound.
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Pivot: 0.7595
Most Likely Scenario: long positions above 0.7595 with targets @ 0.7660 & 0.7695 in extension.
Alternative scenario: below 0.7595 look for further downside with 0.7580 & 0.7545 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: under pressure.
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Pivot: 1341.00
Most Likely Scenario: short positions below 1341.00 with targets @ 1331.50 & 1325.00 in extension.
Alternative scenario: above 1341.00 look for further upside with 1348.00 & 1351.50 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1341.00.

Crude Oil (WTI) (V6) Intraday: under pressure.
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Pivot: 48.55
Most Likely Scenario: short positions below 48.55 with targets @ 45.81 & 45.00 in extension.
Alternative scenario: above 48.55 look for further upside with 49.37 & 50.66 as targets.
Comment: technically the RSI is below its neutrality area at 50.

EUR/USD Intraday: under pressure.
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Pivot: 1.1330
Most Likely Scenario: short positions below 1.1330 with targets @ 1.1250 & 1.1200 in extension.
Alternative scenario: above 1.1330 look for further upside with 1.1365 & 1.1415 as targets.
Comment: the RSI shows downside momentum.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3125
Most Likely Scenario: short positions below 1.3125 with targets @ 1.2990 & 1.2940 in extension.
Alternative scenario: above 1.3125 look for further upside with 1.3175 & 1.3220 as targets.
Comment: the RSI shows downside momentum.

USD/JPY Intraday: further advance.
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Pivot: 100.30
Most Likely Scenario: long positions above 100.30 with targets @ 101.20 & 101.50 in extension.
Alternative scenario: below 100.30 look for further downside with 100.00 & 99.60 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: under pressure.
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Pivot: 0.7645
Most Likely Scenario: short positions below 0.7645 with targets @ 0.7570 & 0.7545 in extension.
Alternative scenario: above 0.7645 look for further upside with 0.7695 & 0.7720 as targets.
Comment: a break below 0.7570 would trigger a drop towards 0.7545.

Gold spot Intraday: the downside prevails.
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Pivot: 1342.00
Most Likely Scenario: short positions below 1342.00 with targets @ 1330.00 & 1325.00 in extension.
Alternative scenario: above 1342.00 look for further upside with 1348.00 & 1351.50 as targets.
Comment: the RSI broke below a rising trend line.

Crude Oil (WTI) Intraday: supported by a rising trend line.
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Pivot: 47.20
Most Likely Scenario: long positions above 47.20 with targets @ 49.15 & 50.00 in extension.
Alternative scenario: below 47.20 look for further downside with 45.80 & 45.15 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EUR/USD Intraday: bullish bias above 1.1250.
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Pivot: 1.1250
Most Likely Scenario: long positions above 1.1250 with targets @ 1.1325 & 1.1350 in extension.
Alternative scenario: below 1.1250 look for further downside with 1.1200 & 1.1175 as targets.
Comment: the RSI is mixed to bullish.

GBP/USD Intraday: the upside prevails.
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Pivot: 1.2990
Most Likely Scenario: long positions above 1.2990 with targets @ 1.3090 & 1.3110 in extension.
Alternative scenario: below 1.2990 look for further downside with 1.2950 & 1.2900 as targets.
Comment: technically the RSI is above its neutrality area at 50.

USD/JPY Intraday: under pressure.
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Pivot: 100.70
Most Likely Scenario: short positions below 100.70 with targets @ 99.50 & 98.95 in extension.
Alternative scenario: above 100.70 look for further upside with 101.20 & 101.75 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

AUD/USD Intraday: the bias remains bullish.
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Pivot: 0.7650
Most Likely Scenario: long positions above 0.7650 with targets @ 0.7720 & 0.7750 in extension.
Alternative scenario: below 0.7650 look for further downside with 0.7635 & 0.7610 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: supported by a rising trend line.
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Pivot: 1344.00
Most Likely Scenario: long positions above 1344.00 with targets @ 1361.00 & 1366.00 in extension.
Alternative scenario: below 1344.00 look for further downside with 1338.75 & 1334.00 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) Intraday: supported by a rising trend line.
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Pivot: 45.80
Most Likely Scenario: long positions above 45.80 with targets @ 47.70 & 48.30 in extension.
Alternative scenario: below 45.80 look for further downside with 45.15 & 44.40 as targets.
Comment: the RSI is mixed to bullish.

EUR/USD Intraday: the upside prevails.
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Pivot: 1.1230
Most Likely Scenario: long positions above 1.1230 with targets @ 1.1325 & 1.1350 in extension.
Alternative scenario: below 1.1230 look for further downside with 1.1200 & 1.1175 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD Intraday: the upside prevails.
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Pivot: 1.2950
Most Likely Scenario: long positions above 1.2950 with targets @ 1.3070 & 1.3110 in extension.
Alternative scenario: below 1.2950 look for further downside with 1.2900 & 1.2865 as targets.
Comment: the RSI is mixed to bullish.

USD/JPY Intraday: rebound.
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Pivot: 100.05
Most Likely Scenario: long positions above 100.05 with targets @ 101.30 & 101.75 in extension.
Alternative scenario: below 100.05 look for further downside with 99.50 & 98.95 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: turning down.
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Pivot: 0.7710
Most Likely Scenario: short positions below 0.7710 with targets @ 0.7655 & 0.7635 in extension.
Alternative scenario: above 0.7710 look for further upside with 0.7725 & 0.7750 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: the downside prevails.
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Pivot: 1355.00
Most Likely Scenario: short positions below 1355.00 with targets @ 1334.00 & 1329.50 in extension.
Alternative scenario: above 1355.00 look for further upside with 1360.00 & 1365.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Crude Oil (WTI) Intraday: further upside.
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Pivot: 45.15
Most Likely Scenario: long positions above 45.15 with targets @ 47.20 & 47.70 in extension.
Alternative scenario: below 45.15 look for further downside with 44.40 & 43.80 as targets.
Comment: the RSI is mixed to bullish.

EUR/USD Intraday: further advance.
[You must be registered and logged in to see this image.]Pivot: 1.1150
Most Likely Scenario: long positions above 1.1150 with targets @ 1.1220 & 1.1265 in extension.
Alternative scenario: below 1.1150 look for further downside with 1.1130 & 1.1100 as targets.
Comment: the RSI shows upside momentum.

GBP/USD Intraday: key resistance at 1.2945.
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Pivot: 1.2945
Most Likely Scenario: short positions below 1.2945 with targets @ 1.2850 & 1.2790 in extension.
Alternative scenario: above 1.2945 look for further upside with 1.2980 & 1.3030 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: under pressure.
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Pivot: 101.30
Most Likely Scenario: short positions below 101.30 with targets @ 100.00 & 99.45 in extension.
Alternative scenario: above 101.30 look for further upside with 101.75 & 102.30 as targets.
Comment: the RSI has broken down its 30 level.

AUD/USD Intraday: under pressure.
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Pivot: 0.7695
Most Likely Scenario: short positions below 0.7695 with targets @ 0.7655 & 0.7635 in extension.
Alternative scenario: above 0.7695 look for further upside with 0.7725 & 0.7755 as targets.
Comment: as long as 0.7695 is resistance, look for choppy price action with a bearish bias.

Gold spot Intraday: further advance.
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Pivot: 1338.60
Most Likely Scenario: long positions above 1338.60 with targets @ 1349.50 & 1356.50 in extension.
Alternative scenario: below 1338.60 look for further downside with 1334.00 & 1329.80 as targets.
Comment: the RSI is supported by a bullish trend line.

Crude Oil (WTI) Intraday: further advance.
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Pivot: 44.45
Most Likely Scenario: long positions above 44.45 with targets @ 46.00 & 46.45 in extension.
Alternative scenario: below 44.45 look for further downside with 43.80 & 43.30 as targets.
Comment: the RSI is mixed to bullish.

EUR/USD Intraday: the upside prevails.
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Pivot: 1.1135
Most Likely Scenario: long positions above 1.1135 with targets @ 1.1205 & 1.1230 in extension.
Alternative scenario: below 1.1135 look for further downside with 1.1100 & 1.1070 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD Intraday: intraday support around 1.2955.
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Pivot: 1.2955
Most Likely Scenario: long positions above 1.2955 with targets @ 1.3095 & 1.3175 in extension.
Alternative scenario: below 1.2955 look for further downside with 1.2920 & 1.2850 as targets.
Comment: the RSI lacks downward momentum.

USD/JPY Intraday: key resistance at 102.00.
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Pivot: 102.00
Most Likely Scenario: short positions below 102.00 with targets @ 100.95 & 100.65 in extension.
Alternative scenario: above 102.00 look for further upside with 102.30 & 102.65 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

AUD/USD Intraday: intraday support around 0.7660.
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Pivot: 0.7660
Most Likely Scenario: long positions above 0.7660 with targets @ 0.7755 & 0.7785 in extension.
Alternative scenario: below 0.7660 look for further downside with 0.7620 & 0.7595 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Gold spot Intraday: under pressure.
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Pivot: 1350.50
Most Likely Scenario: short positions below 1350.50 with targets @ 1338.00 & 1334.50 in extension.
Alternative scenario: above 1350.50 look for further upside with 1357.30 & 1360.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Crude Oil (WTI) (U6) Intraday: the downside prevails.
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Pivot: 42.50
Most Likely Scenario: short positions below 42.50 with targets @ 41.00 & 40.45 in extension.
Alternative scenario: above 42.50 look for further upside with 43.50 & 43.80 as targets.
Comment: the RSI is capped by a bearish trend line.

EUR/USD Intraday: further advance.
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Pivot: 1.1100
Most Likely Scenario: long positions above 1.1100 with targets @ 1.1175 & 1.1205 in extension.
Alternative scenario: below 1.1100 look for further downside with 1.1070 & 1.1040 as targets.
Comment: the RSI is bullish and calls for further advance.

GBP/USD Intraday: the upside prevails.
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Pivot: 1.2955
Most Likely Scenario: long positions above 1.2955 with targets @ 1.3105 & 1.3175 in extension.
Alternative scenario: below 1.2955 look for further downside with 1.2920 & 1.2850 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: under pressure.
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Pivot: 102.00
Most Likely Scenario: short positions below 102.00 with targets @ 100.95 & 100.65 in extension.
Alternative scenario: above 102.00 look for further upside with 102.30 & 102.65 as targets.
Comment: the RSI has broken down its 30 level.


AUD/USD Intraday: further advance.
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Pivot: 0.7645
Most Likely Scenario: long positions above 0.7645 with targets @ 0.7725 & 0.7765 in extension.
Alternative scenario: below 0.7645 look for further downside with 0.7620 & 0.7595 as targets.
Comment: the RSI is bullish and calls for further upside.


Gold spot Intraday: further upside.
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Pivot: 1343.00
Most Likely Scenario: long positions above 1343.00 with targets @ 1359.00 & 1365.00 in extension.
Alternative scenario: below 1343.00 look for further downside with 1338.00 & 1329.50 as targets.
Comment: the RSI shows upside momentum.

Crude Oil (WTI) (U6) Intraday: the bias remains bullish.
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Pivot: 42.00
Most Likely Scenario: long positions above 42.00 with targets @ 43.80 & 44.50 in extension.
Alternative scenario: below 42.00 look for further downside with 41.00 & 40.40 as targets.
Comment: the RSI is mixed to bullish.

EUR/USD Intraday: the downside prevails.
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Pivot: 1.1120
Most Likely Scenario: short positions below 1.1120 with targets @ 1.1040 & 1.1010 in extension.
Alternative scenario: above 1.1120 look for further upside with 1.1150 & 1.1175 as targets.
Comment: the RSI shows downside momentum.

GBP/USD Intraday: under pressure.
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Pivot: 1.3105
Most Likely Scenario: short positions below 1.3105 with targets @ 1.2970 & 1.2920 in extension.
Alternative scenario: above 1.3105 look for further upside with 1.3175 & 1.3220 as targets.
Comment: a break below 1.2970 would trigger a drop towards 1.2920.

USD/JPY Intraday: the upside prevails.
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Pivot: 101.65
Most Likely Scenario: long positions above 101.65 with targets @ 102.85 & 103.90 in extension.
Alternative scenario: below 101.65 look for further downside with 101.30 & 100.95 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: under pressure.
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Pivot: 0.7665
Most Likely Scenario: short positions below 0.7665 with targets @ 0.7595 & 0.7570 in extension.
Alternative scenario: above 0.7665 look for further upside with 0.7705 & 0.7725 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: under pressure.
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Pivot: 1346.00
Most Likely Scenario: short positions below 1346.00 with targets @ 1325.00 & 1321.00 in extension.
Alternative scenario: above 1346.00 look for further upside with 1354.00 & 1359.00 as targets.
Comment: the RSI broke below a rising trend line.

Crude Oil (WTI) (U6) Intraday: bullish bias above 42.00.
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Pivot: 42.00
Most Likely Scenario: long positions above 42.00 with targets @ 43.80 & 44.50 in extension.
Alternative scenario: below 42.00 look for further downside with 41.00 & 40.40 as targets.
Comment: a support base at 42.00 has formed and has allowed for a temporary stabilisation.

EUR/USD Intraday: key resistance at 1.1120.
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Pivot: 1.1120
Most Likely Scenario: short positions below 1.1120 with targets @ 1.1040 & 1.1010 in extension.
Alternative scenario: above 1.1120 look for further upside with 1.1150 & 1.1175 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1120.

GBP/USD Intraday: under pressure.
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Pivot: 1.3175
Most Likely Scenario: short positions below 1.3175 with targets @ 1.3015 & 1.2970 in extension.
Alternative scenario: above 1.3175 look for further upside with 1.3220 & 1.3275 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: further upside.
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Pivot: 101.30
Most Likely Scenario: long positions above 101.30 with targets @ 102.85 & 103.90 in extension.
Alternative scenario: below 101.30 look for further downside with 100.95 & 100.65 as targets.
Comment: the RSI is bullish and calls for further advance.

AUD/USD Intraday: under pressure.
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Pivot: 0.7645
Most Likely Scenario: short positions below 0.7645 with targets @ 0.7595 & 0.7570 in extension.
Alternative scenario: above 0.7645 look for further upside with 0.7665 & 0.7705 as targets.
Comment: The pair has broken below the lower boundary of a bullish channel and remains on the downside.

Gold spot Intraday: under pressure.
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Pivot: 1346.00
Most Likely Scenario: short positions below 1346.00 with targets @ 1329.00 & 1321.00 in extension.
Alternative scenario: above 1346.00 look for further upside with 1354.00 & 1359.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


Crude Oil (WTI) (U6) Intraday: further advance.
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Pivot: 41.00
Most Likely Scenario: long positions above 41.00 with targets @ 42.50 & 43.21 in extension.
Alternative scenario: below 41.00 look for further downside with 40.40 & 39.18 as targets.
Comment: the RSI is mixed to bullish.

S&P-ASX 200: the bias remains bullish.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5280.00
Our preference: long positions above 5280.00 with targets @ 5730.00 & 5800.00 in extension.
Alternative scenario: below 5280.00 look for further downside with 5050.00 & 4905.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

In order to leverage this directional view we have selected the following product :

AUD/USD ST: key resistance at 0.7700.
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Pivot: 0.7700
Our preference: short positions below 0.7700 with targets @ 0.7325 & 0.7150 in extension.
Alternative scenario: above 0.7700 look for further upside with 0.7840 & 0.8080 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7700.

In order to leverage this directional view we have selected the following product :

EUR/USD Intraday: the downside prevails.
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Pivot: 1.1175
Most Likely Scenario: short positions below 1.1175 with targets @ 1.1112 & 1.1095 in extension.
Alternative scenario: above 1.1175 look for further upside with 1.1205 & 1.1235 as targets.
Comment: a break below 1.1112 would trigger a drop towards 1.1095.

GBP/USD Intraday: under pressure.
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Pivot: 1.3220
Most Likely Scenario: short positions below 1.3220 with targets @ 1.3100 & 1.3055 in extension.
Alternative scenario: above 1.3220 look for further upside with 1.3275 & 1.3345 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


USD/JPY Intraday: key resistance at 102.00.
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Pivot: 102.00
Most Likely Scenario: short positions below 102.00 with targets @ 100.65 & 100.00 in extension.
Alternative scenario: above 102.00 look for further upside with 102.85 & 103.95 as targets.
Comment: as long as the resistance at 102.00 is not surpassed, the risk of the break below 100.65 remains high.

AUD/USD Intraday: supported by a rising trend line.
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Pivot: 0.7605
Most Likely Scenario: long positions above 0.7605 with targets @ 0.7675 & 0.7705 in extension.
Alternative scenario: below 0.7605 look for further downside with 0.7570 & 0.7550 as targets.
Comment: The pair has formed a bullish channel.

Gold spot Intraday: further advance.
[You must be registered and logged in to see this image.]Pivot: 1354.00
Most Likely Scenario: long positions above 1354.00 with targets @ 1367.40 & 1372.00 in extension.
Alternative scenario: below 1354.00 look for further downside with 1346.00 & 1335.00 as targets.
Comment: the RSI broke above a bearish trend line.


Crude Oil (WTI) (U6) Intraday: further advance.
[You must be registered and logged in to see this image.]Pivot: 40.40
Most Likely Scenario: long positions above 40.40 with targets @ 42.35 & 43.21 in extension.
Alternative scenario: below 40.40 look for further downside with 39.18 & 38.35 as targets.
Comment: the RSI is mixed with a bullish bias.

EUR/USD Intraday: under pressure.
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Pivot: 1.1175
Most Likely Scenario: short positions below 1.1175 with targets @ 1.1120 & 1.1095 in extension.
Alternative scenario: above 1.1175 look for further upside with 1.1215 & 1.1235 as targets.
Comment: as long as the resistance at 1.1175 is not surpassed, the risk of the break below 1.1120 remains high.

GBP/USD Intraday: under pressure.
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Pivot: 1.3360
Most Likely Scenario: short positions below 1.3360 with targets @ 1.3220 & 1.3170 in extension.
Alternative scenario: above 1.3360 look for further upside with 1.3400 & 1.3450 as targets.
Comment: the RSI shows downside momentum.


USD/JPY Intraday: key resistance at 102.00.
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Pivot: 102.00
Most Likely Scenario: short positions below 102.00 with targets @ 100.65 & 100.00 in extension.
Alternative scenario: above 102.00 look for further upside with 102.85 & 103.95 as targets.
Comment: a break below 100.65 would trigger a drop towards 100.00.

AUD/USD Intraday: further advance.
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Pivot: 0.7570
Most Likely Scenario: long positions above 0.7570 with targets @ 0.7640 & 0.7675 in extension.
Alternative scenario: below 0.7570 look for further downside with 0.7550 & 0.7520 as targets.
Comment: The pair has validated a bullish flag and should post further advance.

Gold spot Intraday: break of a ST rising trendline support.
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Pivot: 1359.00
Most Likely Scenario: short positions below 1359.00 with targets @ 1346.00 & 1338.00 in extension.
Alternative scenario: above 1359.00 look for further upside with 1367.40 & 1372.00 as targets.
Comment: the RSI is capped by a declining trend line.


Crude Oil (WTI) (U6) Intraday: further advance.
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Pivot: 39.93
Most Likely Scenario: long positions above 39.93 with targets @ 41.90 & 42.35 in extension.
Alternative scenario: below 39.93 look for further downside with 39.18 & 38.35 as targets.
Comment: the RSI is mixed with a bullish bias.

EUR/USD Intraday: intraday support around 1.1150.
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Pivot: 1.1150
Most Likely Scenario: long positions above 1.1150 with targets @ 1.1200 & 1.1235 in extension.
Alternative scenario: below 1.1150 look for further downside with 1.1120 & 1.1100 as targets.
Comment: the RSI is mixed to bullish.

GBP/USD Intraday: key resistance at 1.3220.
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Pivot: 1.3220
Most Likely Scenario: short positions below 1.3220 with targets @ 1.3150 & 1.3115 in extension.
Alternative scenario: above 1.3220 look for further upside with 1.3270 & 1.3300 as targets.
Comment: The pair has broken below a rising trend line and is posting a pull back.

USD/JPY Intraday: under pressure.
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Pivot: 103.10
Most Likely Scenario: short positions below 103.10 with targets @ 102.00 & 101.50 in extension.
Alternative scenario: above 103.10 look for further upside with 103.95 & 104.60 as targets.
Comment: as long as the resistance at 103.10 is not surpassed, the risk of the break below 102.00 remains high.

AUD/USD Intraday: under pressure.
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Pivot: 0.7575
Most Likely Scenario: short positions below 0.7575 with targets @ 0.7490 & 0.7455 in extension.
Alternative scenario: above 0.7575 look for further upside with 0.7620 & 0.7645 as targets.
Comment: the RSI is mixed to bearish.

Gold spot Intraday: bullish bias above 1343.00.
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Pivot: 1343.00
Most Likely Scenario: long positions above 1343.00 with targets @ 1362.00 & 1367.00 in extension.
Alternative scenario: below 1343.00 look for further downside with 1336.00 & 1328.00 as targets.
Comment: a support base at 1343.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI) (U6) Intraday: under pressure.
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Pivot: 41.33
Most Likely Scenario: short positions below 41.33 with targets @ 39.50 & 39.00 in extension.
Alternative scenario: above 41.33 look for further upside with 41.90 & 42.25 as targets.
Comment: a break below 39.50 would trigger a drop towards 39.00.

S&P-ASX 200: further advance.
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Pivot: 5280.00
Our preference: long positions above 5280.00 with targets @ 5610.00 & 5730.00 in extension.
Alternative scenario: below 5280.00 look for further downside with 5050.00 & 4905.00 as targets.
Comment: the RSI advocates for further advance.

In order to leverage this directional view we have selected the following product:

AUD/USD ST: under pressure.
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Pivot: 0.7700
Our preference: short positions below 0.7700 with targets @ 0.7325 & 0.7150 in extension.
Alternative scenario: above 0.7700 look for further upside with 0.7840 & 0.8080 as targets.
Comment: as long as the resistance at 0.7700 is not surpassed, the risk of the break below 0.7325 remains high.

In order to leverage this directional view we have selected the following product:

EUR/USD Intraday: further upside.
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Pivot: 1.1120
Most Likely Scenario: long positions above 1.1120 with targets @ 1.1200 & 1.1235 in extension.
Alternative scenario: below 1.1120 look for further downside with 1.1100 & 1.1060 as targets.
Comment: technically the RSI is above its neutrality area at 50.

GBP/USD Intraday: supported by a rising trend line.
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Pivot: 1.3200
Most Likely Scenario: long positions above 1.3200 with targets @ 1.3305 & 1.3340 in extension.
Alternative scenario: below 1.3200 look for further downside with 1.3170 & 1.3115 as targets.
Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: key resistance at 103.95.
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Pivot: 103.95
Most Likely Scenario: short positions below 103.95 with targets @ 102.00 & 101.50 in extension.
Alternative scenario: above 103.95 look for further upside with 104.60 & 105.50 as targets.
Comment: the RSI is mixed to bearish.

AUD/USD Intraday: the bias remains bullish.
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Pivot: 0.7550
Most Likely Scenario: long positions above 0.7550 with targets @ 0.7620 & 0.7645 in extension.
Alternative scenario: below 0.7550 look for further downside with 0.7515 & 0.7490 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: further upside.
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Pivot: 1343.00
Most Likely Scenario: long positions above 1343.00 with targets @ 1360.00 & 1365.00 in extension.
Alternative scenario: below 1343.00 look for further downside with 1329.00 & 1321.00 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (U6) Intraday: further advance.
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Pivot: 41.00
Most Likely Scenario: long positions above 41.00 with targets @ 42.22 & 43.17 in extension.
Alternative scenario: below 41.00 look for further downside with 40.55 & 40.00 as targets.
Comment: the RSI broke above a declining trend line.

EUR/USD Intraday: the upside prevails.
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Pivot: 1.1050
Most Likely Scenario: long positions above 1.1050 with targets @ 1.1110 & 1.1125 in extension.
Alternative scenario: below 1.1050 look for further downside with 1.1030 & 1.1005 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


GBP/USD Intraday: rebound.
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Pivot: 1.3115
Most Likely Scenario: long positions above 1.3115 with targets @ 1.3245 & 1.3280 in extension.
Alternative scenario: below 1.3115 look for further downside with 1.3075 & 1.3045 as targets.
Comment: the RSI shows upside momentum.

USD/JPY Intraday: under pressure.
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Pivot: 104.60
Most Likely Scenario: short positions below 104.60 with targets @ 102.40 & 102.00 in extension.
Alternative scenario: above 104.60 look for further upside with 105.50 & 105.90 as targets.
Comment: the RSI shows downside momentum.


AUD/USD Intraday: further upside.
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Pivot: 0.7490
Most Likely Scenario: long positions above 0.7490 with targets @ 0.7565 & 0.7585 in extension.
Alternative scenario: below 0.7490 look for further downside with 0.7455 & 0.7435 as targets.
Comment: the RSI shows upside momentum.


Gold spot Intraday: bullish bias above 1332.00.
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Pivot: 1332.00
Most Likely Scenario: long positions above 1332.00 with targets @ 1352.00 & 1357.00 in extension.
Alternative scenario: below 1332.00 look for further downside with 1324.50 & 1315.60 as targets.
Comment: a support base at 1332.00 has formed and has allowed for a temporary stabilisation.


Crude Oil (WTI) (U6) Intraday: the downside prevails.
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Pivot: 42.20
Most Likely Scenario: short positions below 42.20 with targets @ 40.60 & 40.00 in extension.
Alternative scenario: above 42.20 look for further upside with 43.17 & 43.71 as targets.
Comment: technically the RSI is below its neutrality area at 50.

EUR/USD Intraday: further advance.
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Pivot: 1.1005
Most Likely Scenario: long positions above 1.1005 with targets @ 1.1080 & 1.1090 in extension.
Alternative scenario: below 1.1005 look for further downside with 1.0975 & 1.0960 as targets.
Comment: the RSI is bullish and calls for further upside.

GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.3140
Most Likely Scenario: long positions above 1.3140 with targets @ 1.3245 & 1.3280 in extension.
Alternative scenario: below 1.3140 look for further downside with 1.3100 & 1.3075 as targets.
Comment: the RSI is mixed to bullish.

USD/JPY Intraday: the downside prevails.
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Pivot: 105.45
Most Likely Scenario: short positions below 105.45 with targets @ 104.50 & 103.95 in extension.
Alternative scenario: above 105.45 look for further upside with 105.90 & 106.50 as targets.
Comment: a break below 104.50 would trigger a drop towards 103.95.

AUD/USD Intraday: the bias remains bullish.
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Pivot: 0.7455
Most Likely Scenario: long positions above 0.7455 with targets @ 0.7540 & 0.7565 in extension.
Alternative scenario: below 0.7455 look for further downside with 0.7435 & 0.7405 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: rebound.
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Pivot: 1329.50
Most Likely Scenario: long positions above 1329.50 with targets @ 1347.00 & 1353.50 in extension.
Alternative scenario: below 1329.50 look for further downside with 1320.50 & 1312.00 as targets.
Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (U6) Intraday: under pressure.
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Pivot: 43.40
Most Likely Scenario: short positions below 43.40 with targets @ 41.00 & 40.60 in extension.
Alternative scenario: above 43.40 look for further upside with 44.40 & 44.95 as targets.
Comment: technically the RSI is below its neutrality area at 50.

EUR/USD Intraday: rebound.
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Pivot: 1.0975
Most Likely Scenario: long positions above 1.0975 with targets @ 1.1020 & 1.1040 in extension.
Alternative scenario: below 1.0975 look for further downside with 1.0950 & 1.0910 as targets.
Comment: the RSI shows upside momentum.

GBP/USD Intraday: under pressure.
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Pivot: 1.3165
Most Likely Scenario: short positions below 1.3165 with targets @ 1.3075 & 1.3020 in extension.
Alternative scenario: above 1.3165 look for further upside with 1.3210 & 1.3280 as targets.
Comment: the RSI is mixed to bearish.

USD/JPY Intraday: the upside prevails.
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Pivot: 104.95
Most Likely Scenario: long positions above 104.95 with targets @ 106.35 & 106.75 in extension.
Alternative scenario: below 104.95 look for further downside with 104.50 & 103.95 as targets.
Comment: the RSI is mixed to bullish.


AUD/USD Intraday: under pressure.
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Pivot: 0.7510
Most Likely Scenario: short positions below 0.7510 with targets @ 0.7455 & 0.7435 in extension.
Alternative scenario: above 0.7510 look for further upside with 0.7540 & 0.7565 as targets.
Comment: the RSI is mixed to bearish.


Gold spot Intraday: the bias remains bullish.
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Pivot: 1312.00
Most Likely Scenario: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI) (U6) Intraday: key resistance at 43.40.
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Pivot: 43.40
Most Likely Scenario: short positions below 43.40 with targets @ 42.37 & 41.70 in extension.
Alternative scenario: above 43.40 look for further upside with 44.40 & 44.95 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

EUR/USD Intraday: rebound.
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Pivot: 1.0950
Most Likely Scenario: long positions above 1.0950 with targets @ 1.1035 & 1.1050 in extension.
Alternative scenario: below 1.0950 look for further downside with 1.0935 & 1.0910 as targets.
Comment: the RSI shows upside momentum.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3165
Most Likely Scenario: short positions below 1.3165 with targets @ 1.3075 & 1.3020 in extension.
Alternative scenario: above 1.3165 look for further upside with 1.3210 & 1.3280 as targets.
Comment: a break below 1.3075 would trigger a drop towards 1.3020.

USD/JPY Intraday: the downside prevails.
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Pivot: 105.65
Most Likely Scenario: short positions below 105.65 with targets @ 104.00 & 103.70 in extension.
Alternative scenario: above 105.65 look for further upside with 106.35 & 106.75 as targets.
Comment: the RSI has broken down its 30 level.

AUD/USD Intraday: rebound.
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Pivot: 0.7450
Most Likely Scenario: long positions above 0.7450 with targets @ 0.7570 & 0.7605 in extension.
Alternative scenario: below 0.7450 look for further downside with 0.7435 & 0.7405 as targets.
Comment: the RSI shows upside momentum.


Gold spot Intraday: bullish bias above 1312.00.
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Pivot: 1312.00
Most Likely Scenario: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI) (U6) Intraday: the downside prevails.
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Pivot: 44.40
Most Likely Scenario: short positions below 44.40 with targets @ 42.70 & 41.70 in extension.
Alternative scenario: above 44.40 look for further upside with 44.95 & 45.45 as targets.
Comment: the RSI is capped by a declining trend line.

EUR/USD Intraday: under pressure.
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Pivot: 1.1000
Most Likely Scenario: short positions below 1.1000 with targets @ 1.0950 & 1.0935 in extension.
Alternative scenario: above 1.1000 look for further upside with 1.1035 & 1.1050 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3210
Most Likely Scenario: short positions below 1.3210 with targets @ 1.3075 & 1.3020 in extension.
Alternative scenario: above 1.3210 look for further upside with 1.3280 & 1.3330 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: supported by a rising trend line.
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Pivot: 105.90
Most Likely Scenario: long positions above 105.90 with targets @ 106.80 & 107.05 in extension.
Alternative scenario: below 105.90 look for further downside with 105.55 & 105.00 as targets.
Comment: the RSI is mixed to bullish.

AUD/USD Intraday: key resistance at 0.7515.
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Pivot: 0.7515
Most Likely Scenario: short positions below 0.7515 with targets @ 0.7435 & 0.7405 in extension.
Alternative scenario: above 0.7515 look for further upside with 0.7535 & 0.7570 as targets.
Comment: the RSI lacks upward momentum.

Gold spot Intraday: under pressure.
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Pivot: 1319.50
Most Likely Scenario: short positions below 1319.50 with targets @ 1310.50 & 1307.50 in extension.
Alternative scenario: above 1319.50 look for further upside with 1325.00 & 1330.30 as targets.
Comment: the RSI broke below a rising trend line.

Crude Oil (WTI) (U6) Intraday: the downside prevails.
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Pivot: 44.95
Most Likely Scenario: short positions below 44.95 with targets @ 43.70 & 43.38 in extension.
Alternative scenario: above 44.95 look for further upside with 45.50 & 46.08 as targets.
Comment: the RSI is capped by a declining trend line.

EUR/USD Intraday: the downside prevails.
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Pivot: 1.1000
Most Likely Scenario: short positions below 1.1000 with targets @ 1.0950 & 1.0935 in extension.
Alternative scenario: above 1.1000 look for further upside with 1.1035 & 1.1050 as targets.
Comment: the RSI is capped by a declining trend line.

GBP/USD Intraday: the downside prevails.
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Pivot: 1.3210
Most Likely Scenario: short positions below 1.3210 with targets @ 1.3075 & 1.3020 in extension.
Alternative scenario: above 1.3210 look for further upside with 1.3280 & 1.3330 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: supported by a rising trend line.
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Pivot: 105.90
Most Likely Scenario: long positions above 105.90 with targets @ 106.80 & 107.05 in extension.
Alternative scenario: below 105.90 look for further downside with 105.55 & 105.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: key resistance at 0.7515.
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Pivot: 0.7515
Most Likely Scenario: short positions below 0.7515 with targets @ 0.7435 & 0.7405 in extension.
Alternative scenario: above 0.7515 look for further upside with 0.7535 & 0.7570 as targets.
Comment: the RSI lacks upward momentum.

Gold spot Intraday: the downside prevails.
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Pivot: 1325.00
Most Likely Scenario: short positions below 1325.00 with targets @ 1313.30 & 1310.00 in extension.
Alternative scenario: above 1325.00 look for further upside with 1330.30 & 1334.00 as targets.
Comment: the RSI broke below a rising trend line.


Crude Oil (WTI) (U6) Intraday: the downside prevails.
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Pivot: 44.95
Most Likely Scenario: short positions below 44.95 with targets @ 43.70 & 43.38 in extension.
Alternative scenario: above 44.95 look for further upside with 45.50 & 46.08 as targets.
Comment: the RSI advocates for further decline.

S&P-ASX 200: further advance.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5280.00
Our preference: long positions above 5280.00 with targets @ 5610.00 & 5730.00 in extension.
Alternative scenario: below 5280.00 look for further downside with 5050.00 & 4905.00 as targets.
Comment: the RSI is bullish and calls for further advance.

In order to leverage this directional view we have selected the following product:

AUD/USD ST: under pressure.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 0.7700
Our preference: short positions below 0.7700 with targets @ 0.7325 & 0.7150 in extension.
Alternative scenario: above 0.7700 look for further upside with 0.7840 & 0.8080 as targets.
Comment: the RSI shows downside momentum.

In order to leverage this directional view we have selected the following product:

EUR/USD Intraday: under pressure.
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Pivot: 1.1050
Most Likely Scenario: short positions below 1.1050 with targets @ 1.0980 & 1.0935 in extension.
Alternative scenario: above 1.1050 look for further upside with 1.1080 & 1.1100 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

GBP/USD Intraday: under pressure.
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Pivot: 1.3280
Most Likely Scenario: short positions below 1.3280 with targets @ 1.3160 & 1.3120 in extension.
Alternative scenario: above 1.3280 look for further upside with 1.3330 & 1.3400 as targets.
Comment: as long as the resistance at 1.3280 is not surpassed, the risk of the break below 1.3160 remains high.

USD/JPY Intraday: key resistance at 106.50.
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Pivot: 106.50
Most Likely Scenario: short positions below 106.50 with targets @ 105.40 & 105.00 in extension.
Alternative scenario: above 106.50 look for further upside with 106.80 & 107.45 as targets.
Comment: a break below 105.40 would trigger a drop towards 105.00.

AUD/USD Intraday: under pressure.
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Pivot: 0.7515
Most Likely Scenario: short positions below 0.7515 with targets @ 0.7450 & 0.7430 in extension.
Alternative scenario: above 0.7515 look for further upside with 0.7535 & 0.7570 as targets.
Comment: the RSI is mixed to bearish.

Gold spot Intraday: rebound expected.
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Pivot: 1320.00
Most Likely Scenario: long positions above 1320.00 with targets @ 1336.00 & 1340.00 in extension.
Alternative scenario: below 1320.00 look for further downside with 1316.00 & 1310.50 as targets.
Comment: The rising 50-period moving average is playing support role and maintains the upside bias.

Crude Oil (WTI) (U6) Intraday: under pressure.
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Pivot: 45.90
Most Likely Scenario: short positions below 45.90 with targets @ 44.20 & 43.90 in extension.
Alternative scenario: above 45.90 look for further upside with 46.38 & 46.80 as targets.
Comment: the RSI lacks upward momentum. Prices are capped by a declining trend line. Additionally, the descending 50-period moving average maintains the downside bias.

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Woodside Petroleum: further upside.
Pivot: 25.00
Our preference: long positions above 25.00 with targets @ 29.75 & 31.00 in extension.
Alternative scenario: below 25.00 look for further downside with 23.75 & 22.55 as targets.
Comment: the RSI is supported by a rising trend line. The prices broke above a bearish channel (since April 2016) and the 20-day moving average is heading upward and playing a support role.

In order to leverage this directional view we have selected the following product:

EUR/USD Intraday: under pressure.
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Pivot: 1.1050
Most Likely Scenario: short positions below 1.1050 with targets @ 1.0980 & 1.0935 in extension.
Alternative scenario: above 1.1050 look for further upside with 1.1080 & 1.1100 as targets.
Comment: as long as the resistance at 1.1050 is not surpassed, the risk of the break below 1.0980 remains high.


GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.3120
Most Likely Scenario: long positions above 1.3120 with targets @ 1.3280 & 1.3330 in extension.
Alternative scenario: below 1.3120 look for further downside with 1.3060 & 1.3010 as targets.
Comment: the RSI is bullish and calls for further upside.


USD/JPY Intraday: the upside prevails.
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Pivot: 106.45
Most Likely Scenario: long positions above 106.45 with targets @ 107.45 & 108.00 in extension.
Alternative scenario: below 106.45 look for further downside with 105.80 & 105.25 as targets.
Comment: The pair stands above a former internal rising trend line.

AUD/USD Intraday: under pressure.
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Pivot: 0.7515
Most Likely Scenario: short positions below 0.7515 with targets @ 0.7450 & 0.7430 in extension.
Alternative scenario: above 0.7515 look for further upside with 0.7535 & 0.7570 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


Gold spot Intraday: key resistance at 1323.50.
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Pivot: 1323.50
Most Likely Scenario: short positions below 1323.50 with targets @ 1307.00 & 1300.00 in extension.
Alternative scenario: above 1323.50 look for further upside with 1330.50 & 1336.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1323.50.


Crude Oil (WTI) (U6) Intraday: key resistance at 46.10.
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Pivot: 46.10
Most Likely Scenario: short positions below 46.10 with targets @ 45.25 & 44.56 in extension.
Alternative scenario: above 46.10 look for further upside with 46.38 & 46.80 as targets.
Comment: the upward potential is likely to be limited by the resistance at 46.10.

EUR/USD Intraday: under pressure.
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Pivot: 1.1050
Most Likely Scenario: short positions below 1.1050 with targets @ 1.0995 & 1.0970 in extension.
Alternative scenario: above 1.1050 look for further upside with 1.1080 & 1.1100 as targets.
Comment: the RSI is mixed to bearish.

GBP/USD Intraday: capped by a negative trend line.
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Pivot: 1.3175
Most Likely Scenario: short positions below 1.3175 with targets @ 1.3010 & 1.2945 in extension.
Alternative scenario: above 1.3175 look for further upside with 1.3235 & 1.3280 as targets.
Comment: as long as 1.3175 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: intraday support around 105.65.
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Pivot: 105.65
Most Likely Scenario: long positions above 105.65 with targets @ 106.55 & 107.00 in extension.
Alternative scenario: below 105.65 look for further downside with 105.25 & 104.60 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: under pressure.
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Pivot: 0.7570
Most Likely Scenario: short positions below 0.7570 with targets @ 0.7470 & 0.7430 in extension.
Alternative scenario: above 0.7570 look for further upside with 0.7610 & 0.7640 as targets.
Comment: as long as 0.7570 is resistance, expect a return to 0.7470.

Gold spot Intraday: under pressure.
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Pivot: 1337.00
Most Likely Scenario: short positions below 1337.00 with targets @ 1320.00 & 1312.00 in extension.
Alternative scenario: above 1337.00 look for further upside with 1342.00 & 1350.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1337.00.

Crude Oil (WTI) (Q6) Intraday: capped by a negative trend line.
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Pivot: 45.50
Most Likely Scenario: short positions below 45.50 with targets @ 44.55 & 43.85 in extension.
Alternative scenario: above 45.50 look for further upside with 45.75 & 46.30 as targets.
Comment: a break below 44.55 would trigger a drop towards 43.85.

EUR/USD Intraday: the downside prevails.
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Pivot: 1.1100
Most Likely Scenario: short positions below 1.1100 with targets @ 1.1025 & 1.1000 in extension.
Alternative scenario: above 1.1100 look for further upside with 1.1120 & 1.1150 as targets.
Comment: as long as 1.1100 is resistance, look for choppy price action with a bearish bias.

GBP/USD Intraday: under pressure.
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Pivot: 1.3300
Most Likely Scenario: short positions below 1.3300 with targets @ 1.3175 & 1.3130 in extension.
Alternative scenario: above 1.3300 look for further upside with 1.3345 & 1.3400 as targets.
Comment: the RSI is bearish and calls for further decline.

USD/JPY Intraday: intraday support around 105.25.
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Pivot: 105.25
Most Likely Scenario: long positions above 105.25 with targets @ 106.35 & 107.00 in extension.
Alternative scenario: below 105.25 look for further downside with 104.60 & 103.90 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Intraday: under pressure.
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Pivot: 0.7570
Most Likely Scenario: short positions below 0.7570 with targets @ 0.7500 & 0.7470 in extension.
Alternative scenario: above 0.7570 look for further upside with 0.7610 & 0.7640 as targets.
Comment: the RSI is mixed to bearish.

Gold spot Intraday: under pressure.
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Pivot: 1337.00
Most Likely Scenario: short positions below 1337.00 with targets @ 1312.00 & 1305.00 in extension.
Alternative scenario: above 1337.00 look for further upside with 1342.00 & 1350.00 as targets.
Comment: the RSI is capped by a declining trend line.

Crude Oil (WTI) (Q6) Intraday: break of a ST rising trendline support.
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Pivot: 45.75
Most Likely Scenario: short positions below 45.75 with targets @ 44.55 & 43.85 in extension.
Alternative scenario: above 45.75 look for further upside with 46.30 & 46.90 as targets.
Comment: the RSI broke below a rising trend line. Additionally, the declining 50-period moving average acts as a resistance role.

EUR/USD Intraday: the downside prevails.
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Pivot: 1.1100
Most Likely Scenario: short positions below 1.1100 with targets @ 1.1025 & 1.1000 in extension.
Alternative scenario: above 1.1100 look for further upside with 1.1120 & 1.1150 as targets.
Comment: technically the RSI is below its neutrality area at 50.

GBP/USD Intraday: key resistance at 1.3300.
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Pivot: 1.3300
Most Likely Scenario: short positions below 1.3300 with targets @ 1.3130 & 1.3100 in extension.
Alternative scenario: above 1.3300 look for further upside with 1.3345 & 1.3400 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/JPY Intraday: the upside prevails.
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Pivot: 105.10
Most Likely Scenario: long positions above 105.10 with targets @ 106.30 & 107.00 in extension.
Alternative scenario: below 105.10 look for further downside with 104.60 & 103.90 as targets.
Comment: the RSI lacks downward momentum.

AUD/USD Intraday: break of a ST rising trendline support.
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Pivot: 0.7605
Most Likely Scenario: short positions below 0.7605 with targets @ 0.7555 & 0.7525 in extension.
Alternative scenario: above 0.7605 look for further upside with 0.7640 & 0.7675 as targets.
Comment: the RSI lacks upward momentum.

Gold spot Intraday: under pressure.
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Pivot: 1337.00
Most Likely Scenario: short positions below 1337.00 with targets @ 1320.00 & 1312.00 in extension.
Alternative scenario: above 1337.00 look for further upside with 1342.00 & 1350.00 as targets.
Comment: the RSI lacks upward momentum.

Crude Oil (WTI) (Q6) Intraday: further advance.
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Pivot: 44.95
Most Likely Scenario: long positions above 44.95 with targets @ 46.90 & 47.60 in extension.
Alternative scenario: below 44.95 look for further downside with 44.40 & 43.85 as targets.
Comment: the RSI is mixed to bullish.