ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 28 October 2022

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Publish date: Fri, 28 Oct 2022, 10:05 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: watch 0.9910.

Pivot:

1.0010

Our preference:

Short positions below 1.0010 with targets at 0.9940 & 0.9910 in extension.

Alternative scenario:

Above 1.0010 look for further upside with 1.0040 & 1.0070 as targets.

Comment:

The RSI is bearish and calls for further decline.

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Analyst Views Chart

Gold Intraday: consolidation.

Pivot:

1669.00

Our preference:

Short positions below 1669.00 with targets at 1655.00 & 1649.00 in extension.

Alternative scenario:

Above 1669.00 look for further upside with 1675.00 & 1680.00 as targets.

Comment:

As long as 1669.00 is resistance, look for choppy price action with a bearish bias.

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Analyst Views Chart

Crude Oil (WTI)‎ (Z2)‎ Intraday: intraday support around 88.10.

Pivot:

88.10

Our preference:

Long positions above 88.10 with targets at 89.80 & 90.50 in extension.

Alternative scenario:

Below 88.10 look for further downside with 87.40 & 86.60 as targets.

Comment:

The RSI is mixed and calls for caution.

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Analyst Views Chart

GBP/USD Intraday: consolidation.

Pivot:

1.1620

Our preference:

Short positions below 1.1620 with targets at 1.1530 & 1.1500 in extension.

Alternative scenario:

Above 1.1620 look for further upside with 1.1645 & 1.1670 as targets.

Comment:

As long as 1.1620 is resistance, look for choppy price action with a bearish bias.

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Analyst Views Chart

USD/JPY Intraday: bullish bias above 145.60.

Pivot:

145.60

Our preference:

Long positions above 145.60 with targets at 146.85 & 147.30 in extension.

Alternative scenario:

Below 145.60 look for further downside with 145.10 & 144.60 as targets.

Comment:

The RSI calls for a bounce.

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Analyst Views Chart

AUD/USD Intraday: towards 0.6410.

Pivot:

0.6485

Our preference:

Short positions below 0.6485 with targets at 0.6430 & 0.6410 in extension.

Alternative scenario:

Above 0.6485 look for further upside with 0.6500 & 0.6520 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 0.6485.

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Analyst Views Chart
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