Crude Oil (WTI) (U3) Intraday: the bias remains bullish.

31 July 2023, 05:00

Long positions above 79.90 with targets at 81.00 & 81.50 in extension. Pivot: 79.90

Our preference: long positions above 79.90 with targets at 81.00 & 81.50 in extension.

Alternative scenario: below 79.90 look for further downside with 79.45 & 79.00 as targets.

Comment: technically the RSI is above its neutrality area at 50

 Gold Intraday: the bias remains bullish.
31 July 2023, 04:55

Long positions above 1949.00 with targets at 1966.00 & 1974.00 in extension. Pivot: 1949.00

Our preference: long positions above 1949.00 with targets at 1966.00 & 1974.00 in extension.

Alternative scenario: below 1949.00 look for further downside with 1942.00 & 1936.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 AUD/USD Intraday: rebound expected.
31 July 2023, 03:26

Long positions above 0.6640 with targets at 0.6680 & 0.6710 in extension. Pivot: 0.6640

Our preference: long positions above 0.6640 with targets at 0.6680 & 0.6710 in extension.

Alternative scenario: below 0.6640 look for further downside with 0.6620 & 0.6600 as targets.

Comment: the RSI calls for a rebound.

 GBP/USD INTRADAY: THE BIAS REMAINS BULLISH.
31 July 2023, 03:20

Long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension. Pivot: 1.2830

Our preference: long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension.

Alternative scenario: below 1.2830 look for further downside with 1.2800 & 1.2770 as targets.

Comment: a support base at 1.2830 has formed and has allowed for a temporary stabilisation.
 EUR/USD Intraday: bullish bias above 1.0990.
31 July 2023, 03:17

Long positions above 1.0990 with targets at 1.1045 & 1.1070 in extension. Pivot: 1.0990

Our preference: long positions above 1.0990 with targets at 1.1045 & 1.1070 in extension.

Alternative scenario: below 1.0990 look for further downside with 1.0965 & 1.0940 as targets.

Comment: technically the RSI is above its neutrality area at 50.

 USD/JPY Intraday: the upside prevails.
31 July 2023, 02:26

Long positions above 140.20 with targets at 141.30 & 141.70 in extension Pivot: 140.20

Our preference: long positions above 140.20 with targets at 141.30 & 141.70 in extension.

Alternative scenario: below 140.20 look for further downside with 139.75 & 139.25 as targets.

Comment: technically the RSI is above its neutrality area at 50