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Today's Trading Strategies
March 22, 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: further advance.
 
Pivot:
0.6665
 
Our preference:
Long positions above 0.6665 with targets at 0.6700 & 0.6720 in extension.
 
Alternative scenario:
Below 0.6665 look for further downside with 0.6650 & 0.6635 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
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Gold Intraday: look for 1914.00.
 
Pivot:
1963.00
 
Our preference:
Short positions below 1963.00 with targets at 1926.00 & 1914.00 in extension.
 
Alternative scenario:
Above 1963.00 look for further upside with 1974.00 & 1985.00 as targets.
 
Comment:
The RSI is mixed with a bearish bias.
 
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GBP/USD Intraday: continuation of the rebound.
 
Pivot:
1.2185
 
Our preference:
Long positions above 1.2185 with targets at 1.2260 & 1.2285 in extension.
 
Alternative scenario:
Below 1.2185 look for further downside with 1.2165 & 1.2140 as targets.
 
Comment:
The RSI calls for a rebound.
 
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USD/JPY Intraday: bullish bias above 132.00.
 
Pivot:
132.00
 
Our preference:
Long positions above 132.00 with targets at 132.90 & 133.30 in extension.
 
Alternative scenario:
Below 132.00 look for further downside with 131.60 & 131.10 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
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Nasdaq 100 (CME)‎ (M3)‎ Intraday: expect 13070.00.
 
Pivot:
12750.00
 
Our preference:
Long positions above 12750.00 with targets at 12990.00 & 13070.00 in extension.
 
Alternative scenario:
Below 12750.00 look for further downside with 12670.00 & 12520.00 as targets.
 
Comment:
The next resistances are at 12990.00 and then at 13070.00.
 
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Dow Jones (CME)‎ (M3)‎ Intraday: expect 33210.00.
 
Pivot:
32570.00
 
Our preference:
Long positions above 32570.00 with targets at 33000.00 & 33210.00 in extension.
 
Alternative scenario:
Below 32570.00 look for further downside with 32220.00 & 32040.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/JPY intraday: as long as 161.22 is support look for 163.10
 
Our pivot point stands at 161.22.
 
Our preference:
As long as 161.22 is support look for 163.10.
 
Alternative scenario:
The downside breakout of 161.22 would call for 160.52 and 160.10.
 
Comment:
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (161.82) but above its 50 period moving average (161.60).
 
Analyst Views Chart
 
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