ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 June 2023

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Publish date: Tue, 13 Jun 2023, 10:12 AM
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ATFX Daily Market Newsletter

UD/USD Intraday: bullish bias above 0.6730.

Pivot:

0.6730

Our preference:

Long positions above 0.6730 with targets at 0.6770 & 0.6785 in extension.

Alternative scenario:

Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

Gold Intraday: rebound expected.

 

Pivot:

1952.00

 

Our preference:

Long positions above 1952.00 with targets at 1966.00 & 1973.00 in extension.

 

Alternative scenario:

Below 1952.00 look for further downside with 1948.00 & 1943.00 as targets.

 

Comment:

The RSI calls for a rebound.

Analyst Views Chart

Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure.

Pivot:

68.70

Our preference:

Short positions below 68.70 with targets at 66.40 & 64.90 in extension.

Alternative scenario:

Above 68.70 look for further upside with 69.50 & 70.40 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0735

Our preference:

Long positions above 1.0735 with targets at 1.0775 & 1.0790 in extension.

Alternative scenario:

Below 1.0735 look for further downside with 1.0720 & 1.0700 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2535

Our preference:

Short positions below 1.2535 with targets at 1.2485 & 1.2465 in extension.

Alternative scenario:

Above 1.2535 look for further upside with 1.2555 & 1.2575 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 139.10.

Pivot:

139.10

Our preference:

Long positions above 139.10 with targets at 139.75 & 139.95 in extension.

Alternative scenario:

Below 139.10 look for further downside with 138.90 & 138.75 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Analyst Views Chart

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