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Today's Trading Strategies
March 16, 2023
 
   
 
AUD/USD   Gold   GBP/USD   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.
 
 
     
 
AUD/USD Intraday: bullish bias above 0.6610.
 
Pivot:
0.6610
 
Our preference:
Long positions above 0.6610 with targets at 0.6650 & 0.6670 in extension.
 
Alternative scenario:
Below 0.6610 look for further downside with 0.6590 & 0.6570 as targets.
 
Comment:
A support base at 0.6610 has formed and has allowed for a temporary stabilisation.
 
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Gold Intraday: bullish bias above 1905.00.
 
Pivot:
1905.00
 
Our preference:
Long positions above 1905.00 with targets at 1924.00 & 1937.00 in extension.
 
Alternative scenario:
Below 1905.00 look for further downside with 1896.00 & 1886.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
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GBP/USD Intraday: key resistance at 1.2090.
 
Pivot:
1.2090
 
Our preference:
Short positions below 1.2090 with targets at 1.2050 & 1.2030 in extension.
 
Alternative scenario:
Above 1.2090 look for further upside with 1.2130 & 1.2165 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 1.2090.
 
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USD/JPY Intraday: the downside prevails.
 
Pivot:
133.50
 
Our preference:
Short positions below 133.50 with targets at 132.20 & 131.80 in extension.
 
Alternative scenario:
Above 133.50 look for further upside with 134.05 & 134.55 as targets.
 
Comment:
The RSI lacks upward momentum.
 
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Nasdaq 100 (CME)‎ (M3)‎ Intraday: bullish bias above 12290.00.
 
Pivot:
12290.00
 
Our preference:
Long positions above 12290.00 with targets at 12510.00 & 12600.00 in extension.
 
Alternative scenario:
Below 12290.00 look for further downside with 12200.00 & 12120.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 
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Dow Jones (CME)‎ (M3)‎ Intraday: bullish bias above 31835.00.
 
Pivot:
31835.00
 
Our preference:
Long positions above 31835.00 with targets at 32430.00 & 32580.00 in extension.
 
Alternative scenario:
Below 31835.00 look for further downside with 31640.00 & 31500.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 
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GBP/JPY intraday: rebound towards 161.56
 
159.55 is our pivot point.
 
Our preference:
Rebound towards 161.56.
 
Alternative scenario:
The downside breakout of 159.55 would call for 158.84 and 158.42.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.59 and 161.33).
 
Analyst Views Chart
 
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