ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 9 December 2022

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Publish date: Fri, 09 Dec 2022, 10:59 AM
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ATFX Daily Market Newsletter

GBP/USD Intraday: target 1.2270.

Pivot:

1.2200

Our preference:

Long positions above 1.2200 with targets at 1.2250 & 1.2270 in extension.

Alternative scenario:

Below 1.2200 look for further downside with 1.2175 & 1.2150 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0520

Our preference:

Long positions above 1.0520 with targets at 1.0575 & 1.0595 in extension.

Alternative scenario:

Below 1.0520 look for further downside with 1.0490 & 1.0465 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6740

Our preference:

Long positions above 0.6740 with targets at 0.6790 & 0.6815 in extension.

Alternative scenario:

Below 0.6740 look for further downside with 0.6710 & 0.6690 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

Gold Intraday: bullish bias above 1780.00.

Pivot:

1780.00

Our preference:

Long positions above 1780.00 with targets at 1795.00 & 1803.00 in extension.

Alternative scenario:

Below 1780.00 look for further downside with 1775.00 & 1769.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

USD/JPY Intraday: key resistance at 136.85.

Pivot:

136.85

Our preference:

Short positions below 136.85 with targets at 136.25 & 135.95 in extension.

Alternative scenario:

Above 136.85 look for further upside with 137.20 & 137.50 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 136.85.

Analyst Views Chart

Crude Oil (WTI)‎ (F3)‎ Intraday: aim @ 70.00.

Pivot:

73.20

Our preference:

Short positions below 73.20 with targets at 71.20 & 70.00 in extension.

Alternative scenario:

Above 73.20 look for further upside with 74.20 & 75.45 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

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