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Today's Trading Strategies
March 3, 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: caution.
 
Pivot:
1.1985
 
Our preference:
Short positions below 1.1985 with targets at 1.1920 & 1.1895 in extension.
 
Alternative scenario:
Above 1.1985 look for further upside with 1.2015 & 1.2045 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
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AUD/USD Intraday: rebound.
 
Pivot:
0.6720
 
Our preference:
Long positions above 0.6720 with targets at 0.6770 & 0.6785 in extension.
 
Alternative scenario:
Below 0.6720 look for further downside with 0.6705 & 0.6690 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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Gold Intraday: expect 1850.00.
 
Pivot:
1830.00
 
Our preference:
Long positions above 1830.00 with targets at 1844.00 & 1850.00 in extension.
 
Alternative scenario:
Below 1830.00 look for further downside with 1823.00 & 1818.00 as targets.
 
Comment:
The RSI calls for a new upleg.
 
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USD/JPY Intraday: bullish bias above 136.20.
 
Pivot:
136.20
 
Our preference:
Long positions above 136.20 with targets at 137.10 & 137.45 in extension.
 
Alternative scenario:
Below 136.20 look for further downside with 135.70 & 135.25 as targets.
 
Comment:
The RSI lacks downward momentum.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: the upside prevails.
 
Pivot:
11940.00
 
Our preference:
Long positions above 11940.00 with targets at 12100.00 & 12170.00 in extension.
 
Alternative scenario:
Below 11940.00 look for further downside with 11890.00 & 11830.00 as targets.
 
Comment:
Technically the RSI is above its neutrality area at 50.
 
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Dow Jones (CME)‎ (H3)‎ Intraday: further advance.
 
Pivot:
32820.00
 
Our preference:
Long positions above 32820.00 with targets at 33100.00 & 33180.00 in extension.
 
Alternative scenario:
Below 32820.00 look for further downside with 32720.00 & 32640.00 as targets.
 
Comment:
The RSI advocates for further advance.
 
Analyst Views Chart
 
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GBP/JPY intraday: rebound
 
162.79 is our pivot point.
 
Our preference:
Rebound.
 
Alternative scenario:
The downside breakout of 162.79 would call for 162.01 and 161.54.
 
Comment:
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (163.37) but under its 50 period moving average (163.52).
 
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