ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 15 November 2022

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Publish date: Tue, 15 Nov 2022, 02:29 PM
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ATFX Daily Market Newsletter

EUR/USD Intraday: watch 1.0270.

Pivot:

1.0360

Our preference:

Short positions below 1.0360 with targets at 1.0290 & 1.0270 in extension.

Alternative scenario:

Above 1.0360 look for further upside with 1.0380 & 1.0400 as targets.

Comment:

As long as 1.0360 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Gold Intraday: target 1795.00.

Pivot:

1759.00

Our preference:

Long positions above 1759.00 with targets at 1784.00 & 1795.00 in extension.

Alternative scenario:

Below 1759.00 look for further downside with 1752.00 & 1742.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 86.70.

Pivot:

86.70

Our preference:

Short positions below 86.70 with targets at 84.30 & 83.60 in extension.

Alternative scenario:

Above 86.70 look for further upside with 87.50 & 88.40 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

GBP/USD Intraday: target 1.1680.

Pivot:

1.1800

Our preference:

Short positions below 1.1800 with targets at 1.1710 & 1.1680 in extension.

Alternative scenario:

Above 1.1800 look for further upside with 1.1830 & 1.1855 as targets.

Comment:

As long as the resistance at 1.1800 is not surpassed, the risk of the break below 1.1710 remains high.

Analyst Views Chart

USD/JPY Intraday: the bias remains bullish.

Pivot:

139.30

Our preference:

Long positions above 139.30 with targets at 140.70 & 141.10 in extension.

Alternative scenario:

Below 139.30 look for further downside with 138.90 & 138.45 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: consolidation.

Pivot:

0.6725

Our preference:

Short positions below 0.6725 with targets at 0.6675 & 0.6660 in extension.

Alternative scenario:

Above 0.6725 look for further upside with 0.6740 & 0.6760 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

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