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Today's Trading Strategies
February 27, 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: watch 1.1920.
 
Pivot:
1.1990
 
Our preference:
Short positions below 1.1990 with targets at 1.1920 & 1.1890 in extension.
 
Alternative scenario:
Above 1.1990 look for further upside with 1.2030 & 1.2070 as targets.
 
Comment:
A break below 1.1920 would trigger a drop towards 1.1890.
 
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AUD/USD Intraday: watch 0.6700.
 
Pivot:
0.6745
 
Our preference:
Short positions below 0.6745 with targets at 0.6700 & 0.6670 in extension.
 
Alternative scenario:
Above 0.6745 look for further upside with 0.6780 & 0.6810 as targets.
 
Comment:
A break below 0.6700 would trigger a drop towards 0.6670.
 
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Gold Intraday: under pressure.
 
Pivot:
1818.00
 
Our preference:
Short positions below 1818.00 with targets at 1805.00 & 1800.00 in extension.
 
Alternative scenario:
Above 1818.00 look for further upside with 1824.00 & 1830.00 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
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USD/JPY Intraday: bullish bias above 135.80.
 
Pivot:
135.80
 
Our preference:
Long positions above 135.80 with targets at 136.60 & 137.00 in extension.
 
Alternative scenario:
Below 135.80 look for further downside with 135.40 & 135.00 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: key resistance at 12090.00.
 
Pivot:
12090.00
 
Our preference:
Short positions below 12090.00 with targets at 11980.00 & 11920.00 in extension.
 
Alternative scenario:
Above 12090.00 look for further upside with 12150.00 & 12220.00 as targets.
 
Comment:
As long as the resistance at 12090.00 is not surpassed, the risk of the break below 11980.00 remains high.
 
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Dow Jones (CME)‎ (H3)‎ Intraday: under pressure.
 
Pivot:
33000.00
 
Our preference:
Short positions below 33000.00 with targets at 32740.00 & 32650.00 in extension.
 
Alternative scenario:
Above 33000.00 look for further upside with 33100.00 & 33220.00 as targets.
 
Comment:
As long as the resistance at 33000.00 is not surpassed, the risk of the break below 32740.00 remains high.
 
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GBP/JPY intraday: target 161.24
 
Our pivot point is at 163.54.
 
Our preference:
Target 161.24.
 
Alternative scenario:
Above 163.54, look for 164.38 and 164.88.
 
Comment:
The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (162.88) but above its 50 period moving average (162.57).
 
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