ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 26 June 2023

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Publish date: Mon, 26 Jun 2023, 10:22 AM
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ATFX Daily Market Newsletter

Gold Intraday: rebound expected.

Pivot:

1916.00

Our preference:

Long positions above 1916.00 with targets at 1929.00 & 1936.00 in extension.

Alternative scenario:

Below 1916.00 look for further downside with 1910.00 & 1904.00 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Analyst Views Chart

EUR/USD Intraday: towards 1.0940.

Pivot:

1.0875

Our preference:

Long positions above 1.0875 with targets at 1.0920 & 1.0940 in extension.

Alternative scenario:

Below 1.0875 look for further downside with 1.0860 & 1.0840 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2700.

Pivot:

1.2700

Our preference:

Long positions above 1.2700 with targets at 1.2740 & 1.2760 in extension.

Alternative scenario:

Below 1.2700 look for further downside with 1.2685 & 1.2670 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

USD/JPY Intraday: consolidation.

Pivot:

143.90

Our preference:

Short positions below 143.90 with targets at 143.25 & 142.95 in extension.

Alternative scenario:

Above 143.90 look for further upside with 144.10 & 144.30 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (Q3)‎ Intraday: continuation of the rebound.

Pivot:

68.65

Our preference:

Long positions above 68.65 with targets at 70.90 & 71.60 in extension.

Alternative scenario:

Below 68.65 look for further downside with 68.10 & 67.35 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: rebound expected.

Pivot:

0.6660

Our preference:

Long positions above 0.6660 with targets at 0.6700 & 0.6715 in extension.

Alternative scenario:

Below 0.6660 look for further downside with 0.6645 & 0.6630 as targets.

Comment:

A support base at 0.6660 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

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