ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 21 November 2022

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Publish date: Mon, 21 Nov 2022, 10:13 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: the downside prevails.

Pivot:

1.0355

Our preference:

Short positions below 1.0355 with targets at 1.0300 & 1.0285 in extension.

Alternative scenario:

Above 1.0355 look for further upside with 1.0375 & 1.0395 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

Gold Intraday: key resistance at 1760.00.

Pivot:

1760.00

Our preference:

Short positions below 1760.00 with targets at 1742.00 & 1736.00 in extension.

Alternative scenario:

Above 1760.00 look for further upside with 1766.00 & 1772.00 as targets.

Comment:

As long as the resistance at 1760.00 is not surpassed, the risk of the break below 1742.00​

Analyst Views Chart

Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 78.40.

Pivot:

78.40

Our preference:

Long positions above 78.40 with targets at 81.30 & 82.40 in extension.

Alternative scenario:

Below 78.40 look for further downside with 77.60 & 76.80 as targets.

Comment:

The next resistances are at 81.30 and then at 82.40.

Analyst Views Chart

​GBP/USD Intraday: bullish bias above 1.1855.

Pivot:

1.1855

Our preference:

Long positions above 1.1855 with targets at 1.1925 & 1.1950 in extension.

Alternative scenario:

Below 1.1855 look for further downside with 1.1820 & 1.1785 as targets.

Comment:

A support base at 1.1855 has formed and has allowed for a temporary stabilisation.

​

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

139.95

Our preference:

Long positions above 139.95 with targets at 140.75 & 141.10 in extension.

Alternative scenario:

Below 139.95 look for further downside with 139.65 & 139.35 as targets.

Comment:

The RSI calls for a new upleg.

​

Analyst Views Chart

AUD/USD Intraday: key resistance at 0.6700.

Pivot:

0.6700

Our preference:

Short positions below 0.6700 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario:

Above 0.6700 look for further upside with 0.6730 & 0.6750 as targets.

Comment:

As long as the resistance at 0.6700 is not surpassed, the risk of the break below 0.6650 remains high.

​

Analyst Views Chart

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