ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 12 July 2023

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Publish date: Wed, 12 Jul 2023, 02:15 PM
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ATFX Daily Market Newsletter

Gold Intraday: towards 1945.00.

Pivot:

1926.00

Our preference:

Long positions above 1926.00 with targets at 1938.00 & 1945.00 in extension.

Alternative scenario:

Below 1926.00 look for further downside with 1919.00 & 1913.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (Q3)‎ Intraday: further upside.

Pivot:

74.00

Our preference:

Long positions above 74.00 with targets at 75.35 & 76.10 in extension.

Alternative scenario:

Below 74.00 look for further downside with 73.30 & 72.70 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0990.

Pivot:

1.0990

Our preference:

Long positions above 1.0990 with targets at 1.1025 & 1.1040 in extension.

Alternative scenario:

Below 1.0990 look for further downside with 1.0975 & 1.0960 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2900

Our preference:

Long positions above 1.2900 with targets at 1.2960 & 1.2980 in extension.

Alternative scenario:

Below 1.2900 look for further downside with 1.2880 & 1.2860 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

140.60

Our preference:

Short positions below 140.60 with targets at 139.90 & 139.60 in extension.

Alternative scenario:

Above 140.60 look for further upside with 140.90 & 141.20 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6660

Our preference:

Long positions above 0.6660 with targets at 0.6720 & 0.6740 in extension.

Alternative scenario:

Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

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