Wednesday, May 9, 2018
EUR/USD Intraday: consolidation.
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Pivot: 1.1900
Most Likely Scenario: short positions below 1.1900 with targets at 1.1820 & 1.1800 in extension.
Alternative scenario: above 1.1900 look for further upside with 1.1940 & 1.1975 as targets.
Comment: the RSI lacks upward momentum.
GBP/USD Intraday: consolidation.
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Pivot: 1.3560
Most Likely Scenario: short positions below 1.3560 with targets at 1.3485 & 1.3455 in extension.
Alternative scenario: above 1.3560 look for further upside with 1.3590 & 1.3620 as targets.
Comment: the RSI lacks upward momentum.
USD/JPY Intraday: further upside.
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Pivot: 109.40
Most Likely Scenario: long positions above 109.40 with targets at 110.00 & 110.35 in extension.
Alternative scenario: below 109.40 look for further downside with 109.15 & 108.85 as targets.
Comment: the RSI shows upside momentum.
AUD/USD Intraday: under pressure.
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Pivot: 0.7465
Most Likely Scenario: short positions below 0.7465 with targets at 0.7410 & 0.7380 in extension.
Alternative scenario: above 0.7465 look for further upside with 0.7490 & 0.7520 as targets.
Comment: the RSI lacks upward momentum.
Gold spot Intraday: the downside prevails.
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Pivot: 1312.00
Most Likely Scenario: short positions below 1312.00 with targets at 1301.50 & 1299.00 in extension.
Alternative scenario: above 1312.00 look for further upside with 1316.50 & 1319.00 as targets.
Comment: the RSI has broken down its 30 level.
Crude Oil (WTI) (M18) Intraday: further advance.
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Pivot: 70.00
Most Likely Scenario: long positions above 70.00 with targets at 71.75 & 72.30 in extension.
Alternative scenario: below 70.00 look for further downside with 69.25 & 68.35 as targets.
Comment: the RSI advocates for further advance.