ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 6 January 2023

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Publish date: Fri, 06 Jan 2023, 12:25 PM
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ATFX Daily Market Newsletter

GBP/USD Intraday: the downside prevails.

Pivot:

1.1980

Our preference:

Short positions below 1.1980 with targets at 1.1850 & 1.1790 in extension.

Alternative scenario:

Above 1.1980 look for further upside with 1.2030 & 1.2080 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

EUR/USD Intraday: under pressure.

Pivot:

1.0570

Our preference:

Short positions below 1.0570 with targets at 1.0490 & 1.0450 in extension.

Alternative scenario:

Above 1.0570 look for further upside with 1.0600 & 1.0630 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

AUD/USD Intraday: key resistance at 0.6800.

Pivot:

0.6800

Our preference:

Short positions below 0.6800 with targets at 0.6730 & 0.6690 in extension.

Alternative scenario:

Above 0.6800 look for further upside with 0.6840 & 0.6885 as targets.

Comment:

As long as 0.6800 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Gold Intraday: key resistance at 1843.00.

Pivot:

1843.00

Our preference:

Short positions below 1843.00 with targets at 1824.00 & 1817.00 in extension.

Alternative scenario:

Above 1843.00 look for further upside with 1850.00 & 1859.00 as targets.

Comment:

As long as the resistance at 1843.00 is not surpassed, the risk of the break below 1824.00 remains high.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 132.30.

Pivot:

132.30

Our preference:

Long positions above 132.30 with targets at 134.05 & 134.60 in extension.

Alternative scenario:

Below 132.30 look for further downside with 131.70 & 131.20 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Crude Oil (WTI)‎ (G3)‎ Intraday: range.

Pivot:

74.80

Our preference:

Short positions below 74.80 with targets at 73.20 & 72.40 in extension.

Alternative scenario:

Above 74.80 look for further upside with 75.60 & 76.40 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

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