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Today's Trading Strategies
February 20, 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 bias remains bullish.
 
Pivot:
1.1970
 
Our preference:
Long positions above 1.1970 with targets at 1.2065 & 1.2100 in extension.
 
Alternative scenario:
Below 1.1970 look for further downside with 1.1940 & 1.1910 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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AUD/USD Intraday: the upside prevails.
 
Pivot:
0.6860
 
Our preference:
Long positions above 0.6860 with targets at 0.6900 & 0.6920 in extension.
 
Alternative scenario:
Below 0.6860 look for further downside with 0.6845 & 0.6825 as targets.
 
Comment:
The RSI advocates for further upside.
 
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Gold Intraday: bullish bias above 1830.00.
 
Pivot:
1830.00
 
Our preference:
Long positions above 1830.00 with targets at 1845.00 & 1853.00 in extension.
 
Alternative scenario:
Below 1830.00 look for further downside with 1824.00 & 1818.00 as targets.
 
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
 
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USD/JPY Intraday: key resistance at 134.70.
 
Pivot:
134.70
 
Our preference:
Short positions below 134.70 with targets at 134.00 & 133.65 in extension.
 
Alternative scenario:
Above 134.70 look for further upside with 135.10 & 135.40 as targets.
 
Comment:
As long as the resistance at 134.70 is not surpassed, the risk of the break below 134.00 remains high.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: expect 12520.00.
 
Pivot:
12270.00
 
Our preference:
Long positions above 12270.00 with targets at 12450.00 & 12520.00 in extension.
 
Alternative scenario:
Below 12270.00 look for further downside with 12140.00 & 12000.00 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
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Dow Jones (CME)‎ (H3)‎ Intraday: bounce.
 
Pivot:
33550.00
 
Our preference:
Long positions above 33550.00 with targets at 34070.00 & 34210.00 in extension.
 
Alternative scenario:
Below 33550.00 look for further downside with 33430.00 & 33300.00 as targets.
 
Comment:
The next resistances are at 34070.00 and then at 34210.00.
 
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GBP/JPY intraday: as long as 160.82 is support look for 163.19
 
Our pivot point stands at 160.82.
 
Our preference:
As long as 160.82 is support look for 163.19.
 
Alternative scenario:
Below 160.82, expect 159.92 and 159.38.
 
Comment:
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.54 and 161.24).
 
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