ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 9 November 2022

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Publish date: Wed, 09 Nov 2022, 09:33 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: the upside prevails.

 

Pivot:

1.0010

 

Our preference:

Long positions above 1.0010 with targets at 1.0120 & 1.0160 in extension.

 

Alternative scenario:

Below 1.0010 look for further downside with 0.9970 & 0.9920 as targets.

 

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: bullish bias above 1690.00.

 

Pivot:

1690.00

 

Our preference:

Long positions above 1690.00 with targets at 1731.00 & 1745.00 in extension.

 

Alternative scenario:

Below 1690.00 look for further downside with 1682.00 & 1672.00 as targets.

 

Comment:

The RSI shows upside momentum.

Analyst Views Chart

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 90.30.

 

Pivot:

90.30

 

Our preference:

Short positions below 90.30 with targets at 87.60 & 86.60 in extension.

 

Alternative scenario:

Above 90.30 look for further upside with 91.00 & 91.70 as targets.

 

Comment:

The break below 90.30 is a negative signal that has opened a path to 87.60.

Analyst Views Chart

GBP/USD Intraday: further advance.

 

Pivot:

1.1480

 

Our preference:

Long positions above 1.1480 with targets at 1.1600 & 1.1650 in extension.

 

Alternative scenario:

Below 1.1480 look for further downside with 1.1430 & 1.1380 as targets.

 

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

 

Pivot:

146.10

 

Our preference:

Short positions below 146.10 with targets at 144.90 & 144.50 in extension.

 

Alternative scenario:

Above 146.10 look for further upside with 146.50 & 146.90 as targets.

 

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

AUD/USD Intraday: the bias remains bullish.

 

Pivot:

0.6460

 

Our preference:

Long positions above 0.6460 with targets at 0.6535 & 0.6560 in extension.

 

Alternative scenario:

Below 0.6460 look for further downside with 0.6440 & 0.6405 as targets.

 

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Analyst Views Chart

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