ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 27 October 2022

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Publish date: Thu, 27 Oct 2022, 03:22 PM
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ATFX Daily Market Newsletter

EUR/USD Intraday: the upside prevails.

Pivot:

1.0030

Our preference:

Long positions above 1.0030 with targets at 1.0110 & 1.0150 in extension.

Alternative scenario:

Below 1.0030 look for further downside with 1.0000 & 0.9970 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

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Gold Intraday: bullish bias above 1657.00.

Pivot:

1657.00

Our preference:

Long positions above 1657.00 with targets at 1674.00 & 1680.00 in extension.

Alternative scenario:

Below 1657.00 look for further downside with 1649.00 & 1643.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

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Analyst Views Chart

Crude Oil (WTI)‎ (Z2)‎ Intraday: aim @ 90.10.

Pivot:

87.10

Our preference:

Long positions above 87.10 with targets at 89.30 & 90.10 in extension.

Alternative scenario:

Below 87.10 look for further downside with 85.90 & 85.00 as targets.

Comment:

The RSI shows upside momentum.

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Analyst Views Chart

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GBP/USD Intraday: further advance.

Pivot:

1.1540

Our preference:

Long positions above 1.1540 with targets at 1.1680 & 1.1730 in extension.

Alternative scenario:

Below 1.1540 look for further downside with 1.1500 & 1.1450 as targets.

Comment:

The RSI advocates for further advance.

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Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

147.00

Our preference:

Short positions below 147.00 with targets at 145.60 & 145.20 in extension.

Alternative scenario:

Above 147.00 look for further upside with 147.50 & 147.90 as targets.

Comment:

The RSI advocates for further decline.

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Analyst Views Chart

AUD/USD Intraday: towards 0.6540.

Pivot:

0.6450

Our preference:

Long positions above 0.6450 with targets at 0.6510 & 0.6540 in extension.

Alternative scenario:

Below 0.6450 look for further downside with 0.6420 & 0.6390 as targets.

Comment:

The RSI calls for a bounce.

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Analyst Views Chart
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