ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 6 December 2022

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Publish date: Tue, 06 Dec 2022, 12:04 PM
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ATFX Daily Market Newsletter

EUR/USD Intraday: under pressure.

Pivot:

1.0540

Our preference:

Short positions below 1.0540 with targets at 1.0455 & 1.0425 in extension.

Alternative scenario:

Above 1.0540 look for further upside with 1.0565 & 1.0595 as targets.

Comment:

The break below 1.0540 is a negative signal that has opened a path to 1.0455.

Analyst Views Chart

Gold Intraday: key resistance at 1780.00.

Pivot:

1780.00

Our preference:

Short positions below 1780.00 with targets at 1760.00 & 1750.00 in extension.

Alternative scenario:

Above 1780.00 look for further upside with 1789.00 & 1800.00 as targets.

Comment:

The RSI shows downside momentum.

Analyst Views Chart

Crude Oil (WTI)‎ (F3)‎ Intraday: under pressure.

Pivot:

78.70

Our preference:

Short positions below 78.70 with targets at 76.30 & 75.30 in extension.

Alternative scenario:

Above 78.70 look for further upside with 79.60 & 81.20 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

GBP/USD Intraday: watch 1.2145.

Pivot:

1.2255

Our preference:

Short positions below 1.2255 with targets at 1.2145 & 1.2105 in extension.

Alternative scenario:

Above 1.2255 look for further upside with 1.2300 & 1.2345 as targets.

Comment:

A break below 1.2145 would trigger a drop towards 1.2105.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

135.90

Our preference:

Long positions above 135.90 with targets at 137.00 & 137.50 in extension.

Alternative scenario:

Below 135.90 look for further downside with 135.45 & 135.00 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: key resistance at 0.6760.

Pivot:

0.6760

Our preference:

Short positions below 0.6760 with targets at 0.6665 & 0.6635 in extension.

Alternative scenario:

Above 0.6760 look for further upside with 0.6790 & 0.6820 as targets.

Comment:

As long as the resistance at 0.6760 is not surpassed, the risk of the break below 0.6665 remains high.

Analyst Views Chart

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