ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 June 2023

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Publish date: Thu, 08 Jun 2023, 10:13 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: expect 0.6610.

Pivot:

0.6675

Our preference:

Short positions below 0.6675 with targets at 0.6630 & 0.6610 in extension.

Alternative scenario:

Above 0.6675 look for further upside with 0.6695 & 0.6715 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1954.00

Our preference:

Short positions below 1954.00 with targets at 1932.00 & 1925.00 in extension.

Alternative scenario:

Above 1954.00 look for further upside with 1963.00 & 1970.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

Crude Oil (WTI)‎ (N3)‎ Intraday: bullish bias above 72.00.

Pivot:

72.00

Our preference:

Long positions above 72.00 with targets at 73.20 & 73.80 in extension.

Alternative scenario:

Below 72.00 look for further downside with 71.00 & 70.10 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

EUR/USD Intraday: key resistance at 1.0720.

Pivot:

1.0720

Our preference:

Short positions below 1.0720 with targets at 1.0680 & 1.0665 in extension.

Alternative scenario:

Above 1.0720 look for further upside with 1.0735 & 1.0750 as targets.

Comment:

As long as 1.0720 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

GBP/USD Intraday: choppy.

Pivot:

1.2465

Our preference:

Short positions below 1.2465 with targets at 1.2415 & 1.2395 in extension.

Alternative scenario:

Above 1.2465 look for further upside with 1.2485 & 1.2500 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

139.60

Our preference:

Long positions above 139.60 with targets at 140.45 & 140.70 in extension.

Alternative scenario:

Below 139.60 look for further downside with 139.30 & 139.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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