ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 July 2023

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Publish date: Thu, 13 Jul 2023, 10:55 AM
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ATFX Daily Market Newsletter

Gold Intraday: the upside prevails.

Pivot:

1947.00

Our preference:

Long positions above 1947.00 with targets at 1965.00 & 1972.00 in extension.

Alternative scenario:

Below 1947.00 look for further downside with 1941.00 & 1933.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (Q3)‎ Intraday: the bias remains bullish.

Pivot:

75.15

Our preference:

Long positions above 75.15 with targets at 76.80 & 77.20 in extension.

Alternative scenario:

Below 75.15 look for further downside with 74.65 & 74.15 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

EUR/USD Intraday: towards 1.1200.

Pivot:

1.1090

Our preference:

Long positions above 1.1090 with targets at 1.1170 & 1.1200 in extension.

Alternative scenario:

Below 1.1090 look for further downside with 1.1060 & 1.1040 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2940

Our preference:

Long positions above 1.2940 with targets at 1.3030 & 1.3060 in extension.

Alternative scenario:

Below 1.2940 look for further downside with 1.2910 & 1.2885 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

139.10

Our preference:

Short positions below 139.10 with targets at 138.00 & 137.40 in extension.

Alternative scenario:

Above 139.10 look for further upside with 139.60 & 140.10 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

AUD/USD Intraday: expect 0.6840.

Pivot:

0.6745

Our preference:

Long positions above 0.6745 with targets at 0.6810 & 0.6840 in extension.

Alternative scenario:

Below 0.6745 look for further downside with 0.6720 & 0.6680 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

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