ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 17 November 2022

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Publish date: Thu, 17 Nov 2022, 10:49 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: bullish bias above 1.0360.

Pivot:

1.0360

Our preference:

Long positions above 1.0360 with targets at 1.0420 & 1.0440 in extension.

Alternative scenario:

Below 1.0360 look for further downside with 1.0340 & 1.0320 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: range.

Pivot:

1766.00

Our preference:

Long positions above 1766.00 with targets at 1786.00 & 1795.00 in extension.

Alternative scenario:

Below 1766.00 look for further downside with 1758.00 & 1752.00 as targets.

Comment:

Intraday technical indicators lack momentum.

Analyst Views Chart

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 86.10.

Pivot:

86.10

Our preference:

Short positions below 86.10 with targets at 84.05 & 83.10 in extension.

Alternative scenario:

Above 86.10 look for further upside with 86.70 & 87.50 as targets.

Comment:

As long as the resistance at 86.10 is not surpassed, the risk of the break below 84.05 remains high.

Analyst Views Chart

GBP/USD Intraday: towards 1.1980.

Pivot:

1.1865

Our preference:

Long positions above 1.1865 with targets at 1.1940 & 1.1980 in extension.

Alternative scenario:

Below 1.1865 look for further downside with 1.1830 & 1.1800 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: key resistance at 140.00.

Pivot:

140.00

Our preference:

Short positions below 140.00 with targets at 139.00 & 138.70 in extension.

Alternative scenario:

Above 140.00 look for further upside with 140.30 & 140.60 as targets.

Comment:

As long as the resistance at 140.00 is not surpassed, the risk of the break below 139.00 remains high.

Analyst Views Chart

AUD/USD Intraday: expect 0.6690.

Pivot:

0.6770

Our preference:

Short positions below 0.6770 with targets at 0.6710 & 0.6690 in extension.

Alternative scenario:

Above 0.6770 look for further upside with 0.6790 & 0.6810 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart
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