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Today's Trading Strategies
February 17, 2023
 
   
 
GBP/USD   AUD/USD   Gold   USD/JPY   Nasdaq 100 (CME)   Dow Jones (CME)   GBP/JPY  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
GBP/USD Intraday: the downside prevails.
 
Pivot:
1.2025
 
Our preference:
Short positions below 1.2025 with targets at 1.1910 & 1.1870 in extension.
 
Alternative scenario:
Above 1.2025 look for further upside with 1.2065 & 1.2100 as targets.
 
Comment:
The RSI calls for a new downleg.
 
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AUD/USD Intraday: the downside prevails.
 
Pivot:
0.6890
 
Our preference:
Short positions below 0.6890 with targets at 0.6810 & 0.6780 in extension.
 
Alternative scenario:
Above 0.6890 look for further upside with 0.6915 & 0.6935 as targets.
 
Comment:
The RSI shows downside momentum.
 
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Gold Intraday: the downside prevails.
 
Pivot:
1840.00
 
Our preference:
Short positions below 1840.00 with targets at 1822.00 & 1815.00 in extension.
 
Alternative scenario:
Above 1840.00 look for further upside with 1845.00 & 1853.00 as targets.
 
Comment:
The RSI advocates for further decline.
 
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USD/JPY Intraday: further advance.
 
Pivot:
133.95
 
Our preference:
Long positions above 133.95 with targets at 135.00 & 135.40 in extension.
 
Alternative scenario:
Below 133.95 look for further downside with 133.60 & 133.20 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: expect 12250.00.
 
Pivot:
12560.00
 
Our preference:
Short positions below 12560.00 with targets at 12310.00 & 12250.00 in extension.
 
Alternative scenario:
Above 12560.00 look for further upside with 12660.00 & 12730.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
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Dow Jones (CME)‎ (H3)‎ Intraday: the downside prevails.
 
Pivot:
33910.00
 
Our preference:
Short positions below 33910.00 with targets at 33430.00 & 33300.00 in extension.
 
Alternative scenario:
Above 33910.00 look for further upside with 34070.00 & 34210.00 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
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GBP/JPY intraday: rebound
 
Our pivot point is at 160.18.
 
Our preference:
Rebound.
 
Alternative scenario:
Below 160.18, expect 159.28 and 158.75.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (160.70) but under its 50 period moving average (160.98).
 
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