ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 24 July 2023

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Publish date: Mon, 24 Jul 2023, 10:47 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: under pressure.

Pivot:

0.6750

Our preference:

Short positions below 0.6750 with targets at 0.6710 & 0.6690 in extension.

Alternative scenario:

Above 0.6750 look for further upside with 0.6770 & 0.6785 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

Gold Intraday: key resistance at 1968.00.

Pivot:

1968.00

Our preference:

Short positions below 1968.00 with targets at 1957.00 & 1951.00 in extension.

Alternative scenario:

Above 1968.00 look for further upside with 1973.00 & 1979.00 as targets.

Comment:

The RSI lacks upward momentum.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: bullish bias above 76.00.

Pivot:

76.00

Our preference:

Long positions above 76.00 with targets at 77.30 & 78.00 in extension.

Alternative scenario:

Below 76.00 look for further downside with 75.40 & 74.50 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

EUR/USD Intraday: rebound expected.

Pivot:

1.1105

Our preference:

Long positions above 1.1105 with targets at 1.1145 & 1.1160 in extension.

Alternative scenario:

Below 1.1105 look for further downside with 1.1090 & 1.1075 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2815.

Pivot:

1.2815

Our preference:

Long positions above 1.2815 with targets at 1.2880 & 1.2900 in extension.

Alternative scenario:

Below 1.2815 look for further downside with 1.2800 & 1.2780 as targets.

Comment:

A support base at 1.2815 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

USD/JPY Intraday: the upside prevails

Pivot:

141.20

Our preference:

Long positions above 141.20 with targets at 142.15 & 142.40 in extension.

Alternative scenario:

Below 141.20 look for further downside with 140.85 & 140.50 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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