ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 16 June 2023

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Publish date: Fri, 16 Jun 2023, 10:45 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: further advance.

Pivot:

0.6850

Our preference:

Long positions above 0.6850 with targets at 0.6910 & 0.6930 in extension.

Alternative scenario:

Below 0.6850 look for further downside with 0.6830 & 0.6810 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: towards 1973.00.

Pivot:

1946.00

Our preference:

Long positions above 1946.00 with targets at 1965.00 & 1973.00 in extension.

Alternative scenario:

Below 1946.00 look for further downside with 1938.00 & 1932.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Crude Oil (WTI)‎ (N3)‎ Intraday: bullish bias above 69.80.

Pivot:

69.80

Our preference:

Long positions above 69.80 with targets at 71.00 & 71.70 in extension.

Alternative scenario:

Below 69.80 look for further downside with 69.20 & 68.70 as targets.

Comment:

The next resistances are at 71.00 and then at 71.70.

Analyst Views Chart

EUR/USD Intraday: 1.1000 in sight.

Pivot:

1.0900

Our preference:

Long positions above 1.0900 with targets at 1.0980 & 1.1000 in extension.

Alternative scenario:

Below 1.0900 look for further downside with 1.0880 & 1.0860 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2750

Our preference:

Long positions above 1.2750 with targets at 1.2810 & 1.2840 in extension.

Alternative scenario:

Below 1.2750 look for further downside with 1.2725 & 1.2700 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

USD/JPY Intraday: watch 139.30.

Pivot:

140.70

Our preference:

Short positions below 140.70 with targets at 139.70 & 139.30 in extension.

Alternative scenario:

Above 140.70 look for further upside with 141.10 & 141.50 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

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