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Today's Trading Strategies
February 22, 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 upside prevails.
 
Pivot:
1.2065
 
Our preference:
Long positions above 1.2065 with targets at 1.2150 & 1.2190 in extension.
 
Alternative scenario:
Below 1.2065 look for further downside with 1.2030 & 1.1990 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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AUD/USD Intraday: the downside prevails.
 
Pivot:
0.6870
 
Our preference:
Short positions below 0.6870 with targets at 0.6815 & 0.6800 in extension.
 
Alternative scenario:
Above 0.6870 look for further upside with 0.6895 & 0.6920 as targets.
 
Comment:
The RSI lacks upward momentum.
 
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Gold Intraday: key resistance at 1842.00.
 
Pivot:
1842.00
 
Our preference:
Short positions below 1842.00 with targets at 1829.00 & 1824.00 in extension.
 
Alternative scenario:
Above 1842.00 look for further upside with 1847.00 & 1853.00 as targets.
 
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
 
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USD/JPY Intraday: key resistance at 135.05.
 
Pivot:
135.05
 
Our preference:
Short positions below 135.05 with targets at 134.50 & 134.25 in extension.
 
Alternative scenario:
Above 135.05 look for further upside with 135.25 & 135.50 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 135.05.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: key resistance at 12270.00.
 
Pivot:
12270.00
 
Our preference:
Short positions below 12270.00 with targets at 12000.00 & 11870.00 in extension.
 
Alternative scenario:
Above 12270.00 look for further upside with 12410.00 & 12490.00 as targets.
 
Comment:
As long as the resistance at 12270.00 is not surpassed, the risk of the break below 12000.00 remains high.
 
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Dow Jones (CME)‎ (H3)‎ Intraday: target 32800.00.
 
Pivot:
33425.00
 
Our preference:
Short positions below 33425.00 with targets at 33030.00 & 32800.00 in extension.
 
Alternative scenario:
Above 33425.00 look for further upside with 33550.00 & 33770.00 as targets.
 
Comment:
As long as 33425.00 is resistance, likely decline to 33030.00.
 
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GBP/JPY intraday: as long as 162.74 is support look for 164.98
 
162.74 is our pivot point.
 
Our preference:
As long as 162.74 is support look for 164.98.
 
Alternative scenario:
Below 162.74, expect 161.90 and 161.39.
 
Comment:
The RSI is above its neutrality area at 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 163.39 and 162.85).
 
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