ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 19 June 2023

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Publish date: Mon, 19 Jun 2023, 11:07 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: bullish bias above 0.6855.

Pivot:

0.6855

Our preference:

Long positions above 0.6855 with targets at 0.6900 & 0.6915 in extension.

Alternative scenario:

Below 0.6855 look for further downside with 0.6840 & 0.6825 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: intraday support around 1951.00.

Pivot:

1951.00

Our preference:

Long positions above 1951.00 with targets at 1966.00 & 1973.00 in extension.

Alternative scenario:

Below 1951.00 look for further downside with 1945.00 & 1939.00 as targets.

Comment:

The immediate trend remains up but the momentum is weak.

Analyst Views Chart

Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 70.70.

Pivot:

70.70

Our preference:

Long positions above 70.70 with targets at 72.00 & 72.70 in extension.

Alternative scenario:

Below 70.70 look for further downside with 70.20 & 69.70 as targets.

Comment:

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

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0915.

Pivot:

1.0915

Our preference:

Long positions above 1.0915 with targets at 1.0970 & 1.0985 in extension.

Alternative scenario:

Below 1.0915 look for further downside with 1.0900 & 1.0885 as targets.

Comment:

A support base at 1.0915 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2790

Our preference:

Long positions above 1.2790 with targets at 1.2850 & 1.2875 in extension.

Alternative scenario:

Below 1.2790 look for further downside with 1.2765 & 1.2740 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

USD/JPY Intraday: further upside.

Pivot:

141.40

Our preference:

Long positions above 141.40 with targets at 142.20 & 142.50 in extension.

Alternative scenario:

Below 141.40 look for further downside with 141.10 & 140.80 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

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