Market Daily Update 13 July 2023

EUR/USD Intraday: the upside prevails.

Pivot:

1.1100

Our preference:

Long positions above 1.1100 with targets at 1.1170 & 1.1200 in extension.

Alternative scenario:

Below 1.1100 look for further downside with 1.1070 & 1.1040 as targets.

Comment:

The RSI shows upside momentum.

USD/JPY Intraday: capped by a negative trend line.


Pivot:

139.10

Our preference:

Short positions below 139.10 with targets at 138.00 & 137.40 in extension.

Alternative scenario:

Above 139.10 look for further upside with 139.60 & 140.10 as targets.

Comment:

As long as the resistance at 139.10 is not surpassed, the risk of a break below 138.00 remains high.

GBP/USD Intraday: the upside prevails.

Pivot:

1.2970

Our preference:

Long positions above 1.2970 with targets at 1.3030 & 1.3060 in extension.

Alternative scenario:

Below 1.2970 look for further downside with 1.2940 & 1.2910 as targets.

Comment:

The RSI advocates for further advance.

Gold Intraday:the upside prevails.

Pivot:

1947.00

Our preference:

Long positions above 1947.00 with targets at 1972.00 & 1980.00 in extension.

Alternative scenario:

Below 1947.00 look for further downside with 1941.00 & 1933.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Crude Oil (WTI)‎ (Q3)‎ Intraday: the bias remains bullish.

Pivot:

75.15

Our preference:

Long positions above 75.15 with targets at 76.80 & 77.20 in extension.

Alternative scenario:

Below 75.15 look for further downside with 74.65 & 74.15 as targets.

Comment:

The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)‎ (U3)‎ Intraday: aim @ 15640.00.

Pivot:

15360.00

Our preference:

Long positions above 15360.00 with targets at 15550.00 & 15640.00 in extension.

Alternative scenario:

Below 15360.00 look for further downside with 15300.00 & 15230.00 as targets.

Comment:

The next resistances are at 15550.00 and then at 15640.00.

Dax (Eurex)‎ Intraday:consolidation.

Pivot:

16230.00

Our preference:

Short positions below 16230.00 with targets at 16060.00 & 15970.00 in extension.

Alternative scenario:

Above 16230.00 look for further upside with 16330.00 & 16453.00 as targets.

Comment:

The RSI has just broken down its overbought area (70%).

Dow Jones (CME)‎ (U3)‎ Intraday: intraday support around 34400.00.

Pivot:

34400.00

Our preference:

Long positions above 34400.00 with targets at 34765.00 & 35000.00 in extension.

Alternative scenario:

Below 34400.00 look for further downside with 34250.00 & 34060.00 as targets.

Comment:

The next resistances are at 34765.00 and then at 35000.00.

Bitcoin / Dollar intraday: rebound towards 31110

30040 is our pivot point.

Our preference:

Rebound towards 31110.

Alternative scenario:

The downside breakout of 30040 would call for 29630 and 29380.

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price trades under its 20 and 50-period moving averages (respectively at 30388 and 30559).

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Hello. I am a Forex Trader. I live in a small town somewhere in the world. She persistently works hard each day and aims at learning and experiencing new things every day.

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