Daily Update 1 NOV 2023

 EUR/USD Intraday: under pressure. 

Pivot:

1.0595 

Our preference:

Short positions below 1.0595 with targets at 1.0555 & 1.0535 in extension. 

Alternative scenario:

Above 1.0595 look for further upside with 1.0615 & 1.0635 as targets.

 Comment:

The RSI is mixed to bearish.

USD/JPY Intraday: the upside prevails. 

Pivot:

150.85

 Our preference:

Long positions above 150.85 with targets at 151.70 & 152.00 in extension. 

Alternative scenario:

Below 150.85 look for further downside with 150.50 & 150.10 as targets. 

Comment:

The RSI is mixed with a bullish bias.

GBP/USD Intraday: key resistance at 1.2160. 

Pivot:

1.2160 

Our preference:

Short positions below 1.2160 with targets at 1.2120 & 1.2105 in extension. 

Alternative scenario:

Above 1.2160 look for further upside with 1.2180 & 1.2200 as targets. 

Comment:

As long as the resistance at 1.2160 is not surpassed, the risk of a break below 1.2120 remains high.

Gold Intraday: under pressure. 

Pivot:

1988.00 

Our preference:

Short positions below 1988.00 with targets at 1973.00 & 1963.00 in extension. 

Alternative scenario:

Above 1988.00 look for further upside with 1994.00 & 2000.00 as targets. 

Comment:

A break below 1973.00 would trigger a drop towards 1963.00. 

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure. 

Pivot:

81.80 

Our preference:

Short positions below 81.80 with targets at 80.75 & 80.20 in extension. 

Alternative scenario:

Above 81.80 look for further upside with 82.80 & 83.35 as targets. 

Comment:

A break below 80.75 would trigger a drop towards 80.20. 

Nasdaq 100 (CME)‎ (Z3)‎ Intraday: intraday support around 14400.00.

 Pivot:

14400.00 

Our preference:

Long positions above 14400.00 with targets at 14520.00 & 14600.00 in extension. 

Alternative scenario:

Below 14400.00 look for further downside with 14310.00 & 14220.00 as targets. 

Comment:

Technically the RSI is above its neutrality area at 50.

Dax (Eurex)‎ Intraday: further upside. 

Pivot:

14870.00 

Our preference:

Long positions above 14870.00 with targets at 15020.00 & 15060.00 in extension. 

Alternative scenario:

Below 14870.00 look for further downside with 14820.00 & 14760.00 as targets.

 Comment:

The RSI is bullish and calls for further upside.

Dow Jones (CME)‎ (Z3)‎ Intraday: intraday support around 32930.00. 

Pivot:

32930.00 

Our preference:

Long positions above 32930.00 with targets at 33250.00 & 33370.00 in extension. 

Alternative scenario:

Below 32930.00 look for further downside with 32790.00 & 32690.00 as targets. 

Comment:

The next resistances are at 33250.00 and then at 33370.00.

Bitcoin / Dollar intraday: eye 33680 

34780 is our pivot point. 

Our preference:

Eye 33680. 

Alternative scenario:

Above 34780, look for 35200 and 35450.

 Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20-period moving average (34528) but above its 50-period moving average (34426).

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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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