Trading Central--NOON MARKET UPDATE

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EUR/USD Intraday: bullish bias above 1.0650. 

Pivot:

1.0650

Our preference:

Long positions above 1.0650 with targets at 1.0685 & 1.0720 in extension.

Alternative scenario:

Below 1.0650 look for further downside with 1.0630 & 1.0600 as targets.

Comment:

A support base at 1.0650 has formed and has allowed for a temporary stabilisation.

Trading Central--NOON MARKET UPDATE

USD/JPY Intraday: the bias remains bullish. 

Pivot:

147.55

Our preference:

Long positions above 147.55 with targets at 148.00 & 148.20 in extension.

Alternative scenario:

Below 147.55 look for further downside with 147.35 & 147.15 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trading Central--NOON MARKET UPDATE

GBP/USD Intraday: watch 1.2370. 

Pivot:

1.2415

Our preference:

Short positions below 1.2415 with targets at 1.2370 & 1.2340 in extension.

Alternative scenario:

Above 1.2415 look for further upside with 1.2440 & 1.2465 as targets.

Comment:

A break below 1.2370 would trigger a drop towards 1.2340.

Trading Central--NOON MARKET UPDATE

Gold Intraday: further advance. 

Pivot:

1921.00

​Our preference:

Long positions above 1921.00 with targets at 1935.00 & 1940.00 in extension.

Alternative scenario:

Below 1921.00 look for further downside with 1915.00 & 1910.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Trading Central--NOON MARKET UPDATE

Crude Oil (WTI)‎ (V3)‎ Intraday: the upside prevails.  

Pivot:

90.30

Our preference:

Long positions above 90.30 with targets at 91.70 & 92.30 in extension.

Alternative scenario:

Below 90.30 look for further downside with 89.70 & 89.20 as targets.

Comment:

The RSI advocates for further advance.

Trading Central--NOON MARKET UPDATE


تم التحرير 18 Sep 2023, 19:39

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