EUR- 08:55 AM- German Unemployment Rate 6.8% 6.8%
USD- 13:30 PM- GDP 0.5% -0.1%
USD- 13:30 PM- Personal Consumption 2.3% 2.2%
USD- 13:30 PM- Unemployment Claims 360K 362K
JPY- 22:30 PM- Jobless Rate 4.2% 4.2%
JPY- 22:30 PM- CPI -0.2% 0.1%
GBP/USD intraday
Our preference: LONG positions above pivot 1.511 with 1.522 and 1.528 as next targets.
Alternative scenario: The breakout above pivot 1.511 Will call for a rebound towards 1.507 & 1.504.
Comment: the pair has rebounded on its new support and remains on the upside, the RSI is well directed and stands above its neutrality area.
Our preference: LONG positions above pivot 1.511 with 1.522 and 1.528 as next targets.
Alternative scenario: The breakout above pivot 1.511 Will call for a rebound towards 1.507 & 1.504.
Comment: the pair has rebounded on its new support and remains on the upside, the RSI is well directed and stands above its neutrality area.
EUR/USD intraday
Our preference: LONG positions above pivot 1.3065 with 1.3165 and 1.3205 as next targets.
Alternative scenario: The breakout below pivot 1.3065 Will call for a rebound towards 1.303 & 1.301.
Comment: the pair remains on the upside and is challenging its resistance, the RSI stands above its neutrality area.
Our preference: LONG positions above pivot 1.3065 with 1.3165 and 1.3205 as next targets.
Alternative scenario: The breakout below pivot 1.3065 Will call for a rebound towards 1.303 & 1.301.
Comment: the pair remains on the upside and is challenging its resistance, the RSI stands above its neutrality area.
AUD/USD intraday
Our preference: LONG positions above pivot 1.022 with 1.029 and 1.0315 as next targets.
Alternative scenario: The breakout below pivot 1.022 Will call for a rebound towards 1.0195 & 1.017 .
Comment: the RSI calls for a new up leg.
Our preference: LONG positions above pivot 1.022 with 1.029 and 1.0315 as next targets.
Alternative scenario: The breakout below pivot 1.022 Will call for a rebound towards 1.0195 & 1.017 .
Comment: the RSI calls for a new up leg.
USD/JPY intraday
Our preference: LONG positions above pivot 91.8 with 92.75 and 93.1 in sight.
Alternative scenario: The penetration below pivot 91.8 Will call for a rebound towards 91.55 & 91.1.
Comment: the pair has broken above a declining trend line and remains on the upside, the RSI is well directed.
Gold intraday
Our preference: LONG positions above pivot 1594 with 1617 and 1625 as next targets.
Alternative scenario: The penetration below pivot 1594 Will call for a rebound towards 1584 & 1570 .
Comment: the price remains supported by a rising trend line. A test of 1625 seems more likely.
Our preference: LONG positions above pivot 91.8 with 92.75 and 93.1 in sight.
Alternative scenario: The penetration below pivot 91.8 Will call for a rebound towards 91.55 & 91.1.
Comment: the pair has broken above a declining trend line and remains on the upside, the RSI is well directed.
Gold intraday
Our preference: LONG positions above pivot 1594 with 1617 and 1625 as next targets.
Alternative scenario: The penetration below pivot 1594 Will call for a rebound towards 1584 & 1570 .
Comment: the price remains supported by a rising trend line. A test of 1625 seems more likely.
Crude Oil intraday
Our preference: SHORT positions below pivot 94.25 with 91.9 and 91 as next targets.
Alternative scenario: The penetration above pivot 94.25 Will call for a rebound towards 95.7 & 97.5 .
Comment: as long as the resistance at 94.25 is not surpassed, the risk of the break below 91.9 remains high.
Our preference: SHORT positions below pivot 94.25 with 91.9 and 91 as next targets.
Alternative scenario: The penetration above pivot 94.25 Will call for a rebound towards 95.7 & 97.5 .
Comment: as long as the resistance at 94.25 is not surpassed, the risk of the break below 91.9 remains high.
